Arizona republican., 1913-12-15
IMPORTANT MEETING
 OF COTTON EXCHANGE
w. S. Dorman Will Go East to Study
 Market Conditions.

at o'clock in the afternoon. There
 was good representation of stock holders present, and the question of
 the sale Of the Mesa cotton, the
 discussion of which was the principle
 motive in holding the meeting, was
 gone into thoroughly and every phase
 C. the subject was given the most
 complete attention.
 Word had been received from the
 bureau of markets, department of
 agriculture Washington, D. C., to the
 effect that the bureau was sending
 an expert cotton man to Mesa, and
 that this man, whose name is Fred
 Taylor would arrive in this city on
 Tuesday of this week The purpose
 of the visit is to inspect the Mesa
 crop, secure samples of the staple
 grown here, and to thoroughly go over the cotton situation in this sec
 ton The samples secured by MT
 Taylor are to be taken east to the
 cotton markets of New York, Boston and other cotton mil! centers in the
 New England states. and an effort made to ascertain the reason why
 Mesa cotton is not receiving more attention from these cotton mill Ccnters
 The stockholders of the exchange
 
 ors to choose a man to accompany Mr Taylor on his return trip east for the prpose of Investigating mar let conditions in the spinning cen ters and to do all in his power to the end of moving some of the Mesa crop. The members also reScindcd the action of the last meeting in iiacing a minimum price that would Ee accepted by them for their cot ton. as market reports from Liver pool and other points in Europe were of a nature to indicate that the growers would be able to secure more than 21 cents per pound for their TrOduct. It was decided to leave the matter of the selling price entire ly at the discretion of the board of directors. who will work to the end ce securing the highest possible price for the staple. The price of the hest Egyptian cotton on the Liver pool market is now quoted at 26 cents, and while it is possible that the local product may not quite come up to this standard still 1t will come sc near to il that the price for Mesa cotton should come somewhere near that figure. At any rate, samples of the local staple are to be submitted for inspection with q view to de- termining just how it compares with the best known Egyptian product. From reports previously had on Mesa cotton, there is no reason to be- lieve that it will fall short of the best of the variety
 Following the adjournment of the stockholders meeting, the board of directors of the exchange met for the purpose of selecting a man to fulfill tEe appointment of w. s Dorman os the person best fitted to fulfill the obligations of the journey. Mir Dorman was instructed to accompany Mir. Taylor on the return trip to the cast and to visit the cotton markets Cf New York, Boston, HOlyolIe and other points in the New England states. place samples of Mesa cot ton before the mill owners with q view to disposing of the same He will also investigate market condi- tions in these centers and determine # possible the reason why the Mesa staple is apparently receiving little attention from those who would nat urally be expected to be grtatly in-
 terested in securing the output of rev cotton section such as the Salt river valley.
 In the event MT. Dorman does not find conditions in the east to his lik-
 ing, and there appears any hesitancy on the part of buyers to purchase
 the local output he was instructed
 to sail for Liverpool England, and
 to take the matter up with the spin Tcrs there. According to market re- ports from this city, there is a good demand for Egyptian cotton there, and as before stated. the best grade is selling at 26% cents per pound Mir Dorman is also under instruc-
 tions that if necessary he is to visis ether points on the European con tinent and place the Mesa product
 before the mill owners of the entire
 world. and do all IT his power to spread the output of the local gin among as many spirnCrs as possible to the end that they may become acquainted with tho staple and the possibilities of it's growth in this
 valley in order that there may be a wider market to place the cotton. Last year the entire output of the To- cal growers was purchased by the American Thread Company. which used it all in it's own mills hence the staple did not come to the at tentiOn of any other mill owners. TLis is the primary cause in the difficulty encountered in marketing tie staple tnlS season, ana the ulEeCt- OTIS of the exchange are making q determined effort to prevent the re-
 cUrrence of this condition next season. Should the cotton all be sold to one company this season. as it was last, exactly the same condition would pre- | vail next year. and would continue 1 to do so as long as one firm was allowed to monopolize the product of l the Salt river valley
 MT. Taylor. the government expert l will complete his inspection of the | lCcal conditions in a short time. and 1 1t is expected that he and MT. Dor
 man will start on the trip east on l Wednesday or Thursday of this week They will in all probability go from 1 here direct to Washington, where MT