The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1906-10-23
North Carolina Firm.

s&ld, was St@h rs t. greatly encourage
him Ton the future. Mistakes had been
made. but they were regarded only 10
prevent repetitions. The association
has the support Of the North Carolina
Farmers. faithful ana enthusiastic.
What they said they stuck TO. When
a resolution was passed To reduce
acreage, North Carolina farmers r.
duced IT,. When the Association made
the unfortunate holding movement.
there was as much cotton held to 4
pillow in North Carolina as in any other
state. The farmers Of this State had
shown their faith.
Consumption and Crop on Parity.
Showing how prices might logically
be maintained, Mr.. Jordan pointed
out that the crops Of the last TWO
Iye1rS had amounted in total To %. 600
600 bales, which had been sold at am
average price Of ten cents for the
two crops.
or the twenty-five million bales of
the two great crops were carried over
to September /. 1906, 100000 bales.
The new crop, greatly injured by
telHpeStS. froSts ana insects. at Il
most liberal estimate would not ex-
Iceed ll.3oo,000 bales. Therefore the
visible supply with which spinnerS
must he content until n new crop
amounts 10 12,300.000 bales 200, 900
bales below the estimated number of
bales which the world viii require
To- purposes of consumption.
Present prices We're. therefore, none
TOO high. The tremendous rush Of
the staple 10 market is the only de-
pressing incident. You may c..ss
putting down the price but the worst
bear in the market is the bale of cot
ton that is not needed for consump-
ton.
Keep the surplus off the market
lan1 the paper contracts of hot air.
out Of which nobody can make cloth,
VIII be poWerleSS To affect the price.
In closing. Mr.. Jordan advised a
rule by which farmers would market
their crop, onc-tenth 4 month. 50
maintaining an equable supply which
would be SUFFICIENT for pressing needs
and which would yet not glut the
market. He paid q high compliment
10 President Moore and the executive
tcommlttee of the North Carolina AS
iSociat:on. saying that they were
patriotic men who were working in
iWholc-Souled manner for the good of
tine farmers and for the Association.
MIR. Allison on Farmers Company.
Mr.. Jordan was followed by Mr.. J.
i. Allison. of Concord. Il member of
the committee. who ex-
planned at some length the plan for
49, t7N'1h 1olllp ANY u S1LV,-
600 600 capitalization. saying that
While II appeared SO large on paper
t was IN reality entirely feasible and
irould be started successfully without
hardship If only the farmers generally
icould be enlisted in its
Just before the close Of the meet
ing Mr.. Smith was called upon for
some further details of the plan IF
organization to hold cotton. He re-
sponded and made a fifteen minutes
talk, explaining some points in regard
to the plan.
Closing. he read n letter which he
is sending out that contains some in
teresting figures n information on
the cotton situation. His letter is as
follows:
Mr.. Smiths Estimate.
"Having since September 18th. COW
cred the entire cotton belt and HAY
ing studied conditions critically II
comparatively with other years. I
want to give the public the result Of
my observations and the opinions of
others as gathered in my itinerary. 1t
must be borne i'm mind that outside
of Georgia and the Carolinas there
was q most flattering prospect up TO
the 18th of August. giving rise to
predictions of q record breaking crop.
The trade and the public We're thor
oI(gilly educated to look for a bumper
yield. hence, with all the adverse con-
ditions since August 18th. the trade
still Clings to the idea of q large crop,
i. e. a large crop as compared with
last year.
"NoW the following figures are COM
Of last year and the estimates given
by each state for his year since storin
and frost nave done their work. These
estimates are based upon reports gath
cred from every source available in
each State. | give Hester's figures as
J aTpyaccaI in an91r M ppCi9l ratnrnS and