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

Atlanta, Ga. October S.-That the
time is not far distant when the cot
ton planters of the south will sell
their product direct to the spinners Of
Europe and America instead Of
through the middle man in bales GIN
compressed at the plantation with
methods in which los has been reduc-
ed TO {; minimum. was indicated by
to-dav's discussion before the Inter-
national Conference Of Cotton Grow
ers and Spinners.
Spiuners representing hundreds Of
mills and millions of spindles told
the planters that they we're not only
willing but anxious to buy their cot
ton direct from the planter just as
soon as the planter can deliver. Big
planters and representatives Of the
Farmers Union told the spinners Of
Europe that already they We're organ
lied, had built chain of cotton
ware houses, had perfected busi-
ness system by which the spinners
could purchase an almost unlimited
supply of graded cotton and were
ready to eliminate the antiquated
method Of selling through a middle
man.
"But,' said Herr Arthur Kuffler,
Of Vienna, eff you planters wish to
trade direct with us you must give
US better service than the merchant. "
Action furthering this condition
took concrete form in unanimous
adoption by the Conference Of res
olution presented by the committee
on trade relations between growers
and spinners. This resolution declar-
ed that much Of the present difficult
ty in handling cotton could be ell
minated if the growers would adopt
what is known as the ware house sys-
TEN and establish selling agents in
Europe and America.
An essential part Of this scheme IS
the adoption Of standard type Of
contract classification of cotton by
grade and color alone, 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 resolu-
tions presented by the committee on
transportation, and these also were
unanimously adopted, by the Confer
ence. Thus two long steps IN the
great work Of the Conference, the
raising Of the standard Of cotton de-
livered to the spinner and simpler
and more economical methods Of
handling, involving saving, it is as
serted, of something like $25,OOO,-
900 a year, were taken.
The great work Of the Conference
vet remains to be done. This is the
final action on the general subject OF
growing and handling cotton. Reso-
lutions bearing on this were present.
ed at to-day's session by the commit
tee to which the subject was refer
red. and after a somewhat protracted
discussion were ordered printed, and
will eome up for further discussion
tomorrow. with the probabilities that
the Conference will devote most OF
the final days session to their consld-
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 to sixty days before
shipment.
That planters. as fast as possible,
either as individuals or in communl-
ties, adopt gin COMPRISING and the
Egyptian form Of bale. The Latter
means in effect ginning and compress
ing on the plantation.
The committee on buying and Sell
inc. to which was referred Congress-
man Heflin's resolution directed
against cotton speculation, adopted
the resolution, and then referred it to
+'.e subcommittee appointed yester-
day, Of which Mr.. Heflin is chairman,
for further action. This means that
the subject will be debated on the
floor Of the conference.
Spinners and planters alternated