The Birmingham age-herald., 1910-09-04
SOUTH SENDS CHURCH WORKERS To Help in Christianizing Bad
 Old New York HARD WORKING MEN Six Members of Classification Commit tee of New York Cotton Exchange
 Spend Strenuous Summer.
 Tobacco Culture
BY ROBERT LEE CARTER

New York, SeptemDer 3.-tSpeclal)-A
 remarkable feature Of the summer re- ligious work In New York this season
 has been the number of southern preach
 CTS who have been called upon to help arouse New York to its religious duties. At one tent up in my neighborhood Rev. Dr. Len G. Broughton of Atlanta preached for a week. Then came the
 Rev. Dr. Willard H. Jenkins of Athens, Ga, for a week, and he was followed by pr. Whartin of Baltimore, who Is a Vir- ginian. They drew the biggest crowds of the whole season and their audiences
 were simply delighted with them. | Supreme Vice Chancellor Thomas J. Carling of the Knights of Pythias is in New York this week. Mr. Carling is a
 Macon, Ga, man. In his election num-
 Der of precedents were broken by the
 Knights of Pythias. showing the high esteem in which the distinguished Geor- gian Is held. MT. Carling will probably not return home for several weeks yet. There are six men in this city who have certainly earned their salaries this
 summer They are the classification com
 mittee of the New York Cotton exchange. | In the glaringly illuminated rooms un- der the skylights of the cotton exchange | building on Hanover Square, these men, all brokers and cotton merchants, have labored through the hot summer months
 this year as they have never been forced | to labor before.
 | The suns rays pour through the glass above, and are reflected by the tables piled high with snowy cotton and by the whitewashed walls until the effect on the eyes Is that of snow on bright day in winter
 In other years the rush of the demand for the inspection and certihcation in the warehouses ceased late In the spring, but this year the tide has kept up until now. Even now the committee of six, sweat ing in long yellow dusters. as its exacting task, is grading cotton at the rate of 2oOO bales, or $150,0O0 worth day. Since September l. 1909, 1t has been judged 74643 bales. For New York has been resuscitated as the greatest spot | Cor actuaD cotton market in the world. This shows how a spot man uses the
 future market. The failures of certain | spot firms In the south during the past
 season have cost Europe millions of dol
 lars, and this has naturally attracted at-
 tention of the foreigners to the advan- tages of future market
 The New England mills bought cotton
 Ion calr' and lost heavily thereby. This
 form of buying cotton looks like real
 gambling, and gambling in business is
 never profitable.
 l When a mill buys cotton Ion call' 1t takes the cotton from a dealer and agrees
 to pay a certain number of points more for 1t than the price at which an agreed
 option Is selling in the future market.
 The mill is given the privilege of call
 ing the cotton any time 1t pleases-that
 Is, 1t selects a time at which to fix the price.
 Last fall the mills did not fix the price soon enough They believed that cotton
 would go lower and waited. When cot
 ton got to Is cents they became fright
 eped and called their cotton.
 This ran the market up to 1611 cents,
 and it was then broken to 131t cents In
 a few days, and the mill trade was de-
 moralized. This has caused the Ameri-
 can mill man to begin to think that If
 the future market Is good thing for
 the man who sells him cotton 1t should
 be good thing for h.in; and he Is be-
 coming more interested In thu future
 market as a vehicle for his use. | One feature of the trading recently
 has been the fact that both American and foreign mills have, been buying in | this market. It may be that some changes in the | form of the contract may be necessary to make it better adapted to the needs of the consumers, but the future mar
 ket Is undoubtedly being regarded with | more favor than ever before by the peo- pie who use the cotton.
 Tobacco culture in middle Tennessee is increasing at a rapid rate" says c. H. Mckenzie of Murfreesboro, Tenn. Many young brokers have turned shipping clerks this spring and sum- mer. The swamping of docks and ware houses with three times their actual quota of cotton has brought about q scaracity of experienced men to super intend the handling of the bales.
 Brokers who had only known cotton as lead pencil marks on clips of white paper have bossed steyedores and broiled on mountainous piles of dirty brown bales of the stuff they had sold and been forced to find somewhere and deliver till even their dreams have been filled with the smell and feel of real cotton. Dapper young fellows lToIl tHe marDleu ana QudTter-Oak or fees of the financial district have gone down to the terminal yards and wharfs of the Erie Basin or of Staten Island to return at nightfall with wilted col lars and temporarily ruined disposi- tions, but realizing as they never re- alized before that the cotton broker is buying and selling something ever more specific and tangible than the stock broker.
 Now that 1t has been so we'll proven that New York can be made-under certain circumstances-the great cotton market of the world, there Is great deal of talk among exchange members of taking action to insure it's main taining its supremacy. Never before has the consuming world had It's atten- ton as strongly called to the virtues and advantages of a future market.
 One of the leading spot merchants of the south, one of the men who has. since taken up the cotton In New York, said recently
 Tt looks to me as if the crop was going to be a short one. I am selling cotton to foreign mills, and I am not trusting to agreement with country dealers to secure my cotton.
 T am afraid if the crop is very short I would not get it, and I am protecting myself by buying futures. I know can demand delivery in the future market"
 tBright yellow leaf has been cultivated in a narrow belt below Stones river, in that region, for many years, and for a long time 1t was not believed that the weed would grow any farther south of this narrow belt. Within the past two. years, however. experiments have shown that a darker grade of tobacco will grow xoI1 %1~ ctr rf