The herald and news. [volume] (Newberry S.C.) 1903-1937, 1907-10-11
COTTON SPECULATION DOOMED
Glnners Anxious to Buy Direct from
Planters-Discussion Before the
Cotton Congress at Allan
ta Indicates that the
Middleman Will be
Eliminated.

ton planters OF the south will sell
their product direct to the spnncrs OF
Europe and America instead of
through the middle man in bales gin
compressed at the plantation with
methods in which los has been rcduc-
cd to minimum. was indicated by
t"-dAy'S discussion before the Inter-
national Conference Of Cotton Grow
crS and SpinncrS.
Srinncrs representing hundreds Of
mills and millions of spindlcS told
the planters that they were not only
wlllln" but anxious to buy hrir cot
ton direct from the planter just as
soon as the planter can deliver. Big
planters and representatives Of the
Farmers MON told The spinnrrs of
Europe that already they were oryan-
lied. had built Il chain OF cotton
ware houses. had perfected buSi-
hess system by which the Spinncrs
could purchase an almost unlimited
supply Of graded cotton and were
ready t" eliminate ihc antiW,atcd
mctl'"d OF selling through Il middle
man.
"'uli.' said Herr Arthu Kurflcr.
Of Vienna. eff you Planters wish to
trade direct with us you must give
us better service than the merchant. !"
Action funthcrinu this condition
took concrete form in unanimous
adoption by the Conference Of res
olutlon presented by the committee
on trade relations between growers
and SpinncrS. This resolution declar-
cd thm much Of the present Difficult
ty in handling cotton could be eli
minated it the growers would adopt
what is known as the ware house sys-
tenn and establish selling agents in
Europe and America.
An essential part Of this scheme is
the a'l"p1 ION of Il standard type of
contract classification Of cotton bv
gra,lr and color atone. the unit to be
$4,000 pounds instead Of 100 bales
net weight. and the handling Of cot
ton under uniform rules. These
points were embodied in the rcsou-
il"n> presented by the committee on
transportation. and these also were
nna. Nri"nSly ad"ptrL by the Confer
cnrc. Thus tw" lon" steps in the
great work of the Conference, the
raising of The standard Of cotton de
llvrrrd t" the spinner and simpler
and more economical methods Of
handling. involving a saving, il is as
serted, Of something like $25,000,.
600 Il year. were taken.
The great work Of the Conference
yet remains l." be done. This is the
final action on the general subject Of
GROWN" and handling cotton. Rcso-
lu,innS bearing on this were present
ed ut t"-Iay'S Session by the commit
tee ln which the subject WAS refer
red, and after Il somewhat protractcd
discussion were ordered printed, and
will come up for further discussion
tomorrow. with the probabilities that
the Conference will devote most Of
the final days session to their consid-
Grafton. The recommendations Of
this committee embodied the follow
ing points,:
That planters select and save their
seed for the next crop to insure a
high Standard
That freshly picked cotton be houS-
ed from forty t" sixty days before
shipment.
That planters. rs fast as possible,
either is individuals or in commune
ties. adopt gin c"mprcsSing and the
Egyptian form Of bale. The latter
means in effect ginning and compress
ing on the plantation.
The committee ON buying and sell
ing. tn which was referred Congress-
man Ikrtlin'S Restitution directed
against cotton speculation. adopted
the resolution. and thcn referred it to
= subcommittee appointed yrstrr-
day. Of which Mr.. lIrilin is chairman.
for further action. This means that
the subject will be debated on the
floor of the conference.
SplnnrrS and planters altrrnatrd
to-day in putting forward their side
CT The question Of cotton CROWN"
and spinning.
Addresses were made by Thoma :
,,.i S\r.n.,., IT