Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1914-11-27
COTTON HOLDING
. MOVEMENT SUCCESS
Reports From Various Points Show
Large Per Cent Of Crop
Being Held.
(By Associated Press.)


from Associated Press correspondents
over the State. The only place in the
State reporting no cotton held was
Laredo, and there was none held there
because not a single bale has been
brought to town this season for any
purpose. Everywhere that cotton was
grown from 10 to rs per cent OF the
crop has been held off the market
more than normally At some places
the holding idea started early, taking
strong hold, while in others selling
got the heavy end of the percentage.
Todays reports would indicate that
more than a million bales have been
stayed from the usual rush to market
in Texas. These bales are scattered
in small lots over an immense terri.
tory, many in town warehouses, great
numbers in private barns and sheds,
and some even piled beneath trees.
With still more cotton to be ginned
and the pressure to sell increasing,
there nevertheless were few indica'
lions that the holding movement
shows signs OF reaching its limit, but
rather the reports were unanimous in
saying 1t had just begun. Several
places reported that with distress cot
ton out Of the way, farmers we're pre-
pared TO shut off on selling almost
completely. In various communities
many farmers believe they are in po-
sition to hold at least until spring.
In others, in place of time limit. a
money price has been set, namely, the
eight-cent minimum advised by the
committee representing the Texas
Bankers Association. Not many
places reported whether banks had
loaned more than usual on cotton. A
few reports on this phase indicated a
good many banks making loans, but
no strong inclination by the farmers
to ask for this kind of assistance.
Following are some OF the cities re-
porting:
Marshall-Out of $500 bales receiv.
ed here not over 500 have been sold.
The remainder is held. Those who
have mortgages on the cotton are per-
hitting the owners to hold 1t and de-
post warehouse receipts in the banks
or with them. the grower holding title
10 the cotton and directing its dis
posal.
San Angelo-About $500 bales are
held in town and county here.
Laredo-Last year the crop in this
county amounted to 1000 bales. This
year none was planted except by
small farmers who have made no re-
port. other crops were raised here
to the exclusion of cotton. q,
McKinney-A large amount of cot
ton is being held by the farmers Of
Collin County, much of which is be-
ing allowed to remain exposed to the
weather. A large number of bales
have been received here that show
much damage, and insurance men are
becoming very rigid in their require
ments. The local warehouse has Col
bales.
Weatherford More than 10000
bales have been received here, OF
which 1000 bales were brought from
territory outside the Weatherford
district. Fourteen thousand bales
have been shipped out of here from
all sources. This leaves 5000 bales
here. but about half of this is con
tracted for sale. The First National
Banks reports that advances were
made on about $500 bales, at six
cents, and is being held, The emerg'
ency currency placed here amounted
to 100000 About 25 per cent of the
cotton is being held in the county
which is about Is per cent increase
over the normal years holding.
Waxahachie - The receipts from
wagons in WaXahachie are in excess
of $4,000 bales. 1t is estimated that
! three-fourths of this is being held.
Cleburne-About $500 bales have
been brought to Cleburne, of which
5000 were sold, the balance remain
ing in the yards, held for higher
prices. Cleburne will receive about
$4,000 bales this season. In the ware
house here only 100 bales have beer
stored; las bales have been sold al
ten cents per pound.
Terrell-Cotton receipts from this
section so far are about $4,000 bales
of which about 10000 bales have beer
held for better prices
Gainesville-At least rs per cent
s of the present cotton crop in Cooke
! County is being held by the raisers
; About 10000 bales will be raised.
s Ennis-About So per cent of the
s cotton ginned has been held here tC
} date. Many farmers are holding fol
; eight cents minimum There are
: about 5000 bales in Ennis ware
s houses, while yards are filled will
) cotton at all the small places in this
} vicinity.
Il Paris - Information from cnnnfrN