Imperial Valley press., 1910-08-06
TWO COTTON BALES FROM VALLEY FIELDS Close Race to Gin With First Picking From This
 Years Crop
Total Crop conservativeIy Estimated At Twelve Thousand Bales By Directors of Oil Company. Good Prospects of Profitable Operation of Seed Mill and Gins.

Two bales of cotton were brought to the gin at El Centro on Thursday but the machinery was not working we'll owing to shrinkage of belts, and tEe cotton was not put through the saws until yesterday.
 The first load was brought in by MT. Fry from the Loftus fields at NTeloland, and Mechanism came in three hours later with load from the Wilsie ranch. The Loftus cotton is the Georgia variety, grown from seed obtained from last years crop on the Meloland ranch and planted about March 20. The advantage of planting acclimated seed is shown in the in creased length and strength of the staple. This years staple is a full eighth of an inch longer than last years. The Loftus bale is to be sent to the San Diego Chamber of Com merce, and hundred pounds will be used for samples to be sent east.
 McClanahan's bale is Texas cotton of the Mebane variety, grown from acclimated seed. It was planted about the first of April and appears to be better than last years product. MT. Mechanism obtained 27 bales from 94 acres last year, and he says he expects to do better this year.
 The Georgia cotton is declared by experts to be two grades better than the Texas cotton.
 Imperial Valleys cotton crop is re- ported by the government bureau of statistics to be in 9S per cent con : dition, while the average condition of southern crops is but 80 per cent No material damage has been done to the valley cotton fields by the wate- shortage.
 The directors of the Imperial Val ley Oil and Cotton Company held a meeting on Thursday and signed and certified to the following statement of the condition and prospects of the cotton crop in uLe valley.
 "There were planted in the Imperial Valley this season approximately 16,O00 acres of cotton. To be con- servative, we are passing our calcula- tions on 12,0O0 acres being actually matured and yielding one bale to the acre. From one bale of lint there are 1000 pounds of cotton seed, approxi- mately. One thousand pounds of seed per acre on 12,000 acres will aggregate 5000 tons of seed, but to be conser vative we are basing our calculations on 5000 tons seed. Up to the present time the seed from 9,258 acres of said cotton has been contracted and mort gagged to our company, in payment for 4315 shares of Capital Stock at $15. 100 per share, making total of $64, 4,725.00 We have good reason to believe that at least $20,565.O0 warth of stock will yet be sold on the same basis, ma king a total of $S5,29O.OO which Is over $10,00O above the basis of our estimate"
 The financial statement of the con- pany shows a total cost of machinery buildings and office expenses of $126,- 99O, an indebtedness at the end of the season of $1O1, ,990 with estimated re- sources of $266.99O, and an estimated profit of $39,OOO.
 Four 4-70 saw gin plants will be erected this season at Fl Centro, Brawley, Holtville and Calexico. The Calexico gin has been shipped and the others will be shipped in ten days. The company has decided that the acreage does not justify the lnstalIa- tion of more gins this year. If gins should be provided for other localities, they would be only two stand plants. and 1t is deemed best to wait until the acreage shall justify putting up larger gins all cases.