Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1906-01-13
JORDAN Made SPEECH
Tells Of Wonderful Strides Of Cot
TN Association
DURING FIRST YEAR
Discusses at Considerable Length the
Developments of the Fast Twelve
Months and Recommends
SLOW Marketing.

New Orleans. Jan. i..--After Prcsi-
dent Jordan had called the southern
Cotton association 10 order. Rev. Bever-
ly Warner delivered an invocation
Former President Parker Of the New
Orleans Cotton Exchange delivered the
address OF welcome. He warned farm
ers 20 beware of spectators. saying
that class are their greatest enemies
w. L. Foster. a member of the Louis
Jana "a airolammoOdisisARoDn.NuTR
lana railroad commission and 'lrge
cotton planter. respond :.
President Jordan beg ,u his address
with congratulations 10 T. association
on its record during the first year of
It's existence He reviewed "a some
length the objects 81 the association
and rs accomplishments II came into
existence. he said ncing n if.o0o.0 900
bale crop. with 100000 bale surplus
beyond the needs = consumption in
1905. with s.000.0vs bales unsold and
the price at 8 cents pound IN the
face Of these conditions the association
had sounded the slogan fer 10 cent cot
ton. had demanded a reduction In acre
age and had begun a fight for the main
tenauco of prices fair and equitable o.
the producer he referred to the dis
covery of dishonest practices in the
bureau OF cotton statistics in ihe de-
rartmcnt ~ agriculture at Wlshire-
ton and ihe nght made hy The assoc
ciatiou Tor purity there BE Then disc
cussed the reasons for o. ceuf cot
ton
10 hff a.u astenn'uei by inYesti-
CATION h q. and has not yet been
denied. tha ilc prevailing prices Of The
manufactu products this season
splnnera couii easily have paid T.
cents Tor the entire crop 90 the growers
and paid good dividends on their In
vestments on this basis "a crop Of
ID. .eo0.0 900 bales should have brought the
producers tC00.000000 n we demand
and received ~ cents for tho balance
20 the uncol1 portion of the crop. mid-
ding at interior points. We win still be
unable 20 average the whole crop az
r. cents a pound due 10 the unwar-
untai Tow prices az which more than
one half ~ the crop has been sold m
proposition 20 hold the balance N the
crop at a miximum figure of il cents
therefore is based upon sound. cor-
servatlve reasoning and Is Justified hy
an conditions surrounding Che present
legitimate laws Of demand and sup-
ply
when our cotton sold at cents "a
pound few years ago ihe price of
print cloths was cents yard or ~
cents pound Tor the manufactured
product leavpg cents between the
purchasing price ~ The ray materi1i
and the selling prices - the finished
fabric 60 cost of the manufacture and
declare dividends on the Investment
Print cloths are now selling nt 3-f
cents a yard. or 26h cents pound.
Al an average price ~ ~ cents a pound
FOR the raw cotton. the manufacturer
today has margin of lfh cents.
against n cents "A few years ago, or a
net difference az the present time OF
So cents. or t26.25 a bale.
"The consumption u American cot
ton II enormous and will continue un-
abated for many months TO come. There
are 100000 more spindles In active
operation now than was the case one
year ago. The present crop win not
exceed ten million commercial bales.
The crop has been practically all picked
and ginned The greater portion OF the
stocks of American cotton. 100000
bales carried Sept. I. 1905. already has
been. consumed. Consumption is go
ing on at the rate of 100000 bales a
month"
He insisted that cotton be marketed
slowly and urged compact organiKa-
tion