Arizona republican., 1915-09-19
Tempe News Notes
COTTON GROWERS
 MEET IN TEMPE

The disposition of Salt River valley cotton so far the Tempe exchange
 and other local growers are con cerned, is still in an unsettled state,
 and even after a half hundred grow | CTS of the Southside and cotton buy i CTS and representatives of broker 1 houses had spent practically the i entire afternoon yesterday in session no means of sale satisfactory to the i majority of the growers, could be
 settled upon. The meeting prog
 ressed beautifully in it's infancy, the visiting buyers were given an oppor-
 tunity to express their views and for at least an hour and a half the | growers listened to the competitive
 arguments of these gentlemen Even tually it was concluded to sell by | consignment, but when it came to 1 choosing the firm to be consigned | to, there was a division of opinion.
 vote of the stockholders of the
 association was taken as a last means of settlement. McFadden
 Bros. received four votes, the Kirk ner and Harris houses each received six votes and subsequent to that tie the meeting dispersed, and now the
 means of sale of this seasons cotton
 is a matter to be decided at some
 future indefinite date.
 The gathering of growers and
 buyers at the city hall in Tempe
 yesterday was truly a remarkable
 occasion for the industry in this
 valley. There were over a half
 hundred of the planters present an
 ticipation over the price to be paid
 for cotton this year was keen. and the buyers were equally enthusias- tic over the various plans of pur- chase.
 Dr. Chandler during the course of the meeting made a splendid infor- mai address on the industry in this | valley. His very efforts in the | furtherance of the industry are ap- parent and he vouched that resi- 1 dents could make this the greatest | cotton country in the world if they | would get in and work together. The | doctor has recently returned from | Providence, where McFadden Broth CTS. last years purchaser of valley | cotton. are located. and he attributed | much credit to their enterprise in placing Salt River valley Egyptian cotton on the market.
 None of the visiting buyers were backward in presenting their belief that the cotton market would grow better during the course of the next few months. From quotations re- ceived yesterday it is apparent that the average market price for E>gyp- than long staple cotton is now about twenty cents per pound. Many Of 1 the growers expressed their desire to contract their entire crop at this price. but none of the buyers offered such terms The representative Of the Kirkner broker house of Calves ton expressed the belief that the 1 cotton price would soar from twen- ty-two to twenty-five cents between now and the first of the year. He offered to take the local cotton on q commission plan and advance sev- entyfive per cent of the market price, to tide the growers over until their produce was sold. $45.OO of this was to be paid when the cars were loaded here and the balance to be paid when the cotton arrived in Galveston. The other twenty five per cent would of course be paid whenever the cotton was sold at Galveston. Another broker repre- sentative offered a similar plan
 J. w. Simpson, representing Me F'adden Brothers. and F. Taylor, buyer from Galveston, offered to take the cotton on a consignment plan.
 The growers entered into a dis cussion on the best method of sale A motion went before the house to { sell on consignment and to leave the of the house to the board of directors. Others figured that the growers personally had a right to select the house Finally the ballot ing method was resOrted to and when the tie vote resulted, the meeting , was adjourned. It is probable that | a special session of the exchange will be held again within the near future
 The valley growers are after every | cent they can get for their cotton 1 this year and the keenness with 7 which they received the various of the buyers yesterday made it quite plain that difficulty would be encountered in selecting a single means of sale.
 It is not to be doubted that when , a plan is arrived at, Tempe Mesa | and Chandler growers will be get ting topnotch price for their , cotton.
 FTVE-ROOM CONCRETE HOUSE for rent on West Seventh St. c. A Goodwin. Te-npe.-Adv. dr