The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-18
SEED HOUSES AND
OIL TANKS FULL

Closest corporation between seed
dealers gihnera, crude mills. rrflners.
packers. wholesale distributors and the
food 0dmlnlatrati0n will he required to
carry thryugh the pottonseed stRbiliEa-
tipn plan@t0 the end III tnA aemhati,
which IN July Congestion ~ asude
creased sinde the meeting held III
Washington Oh Feb 10 ana II, attend.
ed by Representatives OF all lines OK the
cottonsead Industry, whare the food
administration secured an agreement
on the part OF all the different ele-
meuts that they would make every Ct
fort to weather the season to the end
on tho stabilized basis,
A, q. Perkins, secretary of the Ten
nessee Cott0naeed Crushers' aseocia-
tion, says the storage tankage OF tho
crushing, mills and OF the refineres Is
Just about filled. The refin0ries are
able to take very little oil and the
crushars are manufacturing only to
fii orders already placed. The mills
had on hand on Jan | three months
advance supply OF seed aud they are
not buying any more seed. MIR, Per
kins, however, does not anticipate that
the mills TO any large number will
have to shut down because OF lack of
storage. capacity before the situation is
relieved. Only one mill 40 far as he
has learned, has had to close down, be-
cause II had filled It's tanks. This was
mill In Mississippi
MIR, Perkins expects the further re-
moyal Of embargo restrictions on the
export Of oils to the allied nations and
neutrals to take place IN time to re-
lleve the situation, These regulations
did not hurt until the armistice was
signed, but their continuation after
war demapds for cott0nseed oil fell off
has caused the congestion, coupled with
the heavy importation OF edible oils
from the Orient. For relief in this di-
rection, the following appeal was sent
to Herbert G.. Hoover, pursuant to a
resolution adopted at the meeting of
the c0ttonseed trade with the food ad-
ministratl0n In Washington In Feb.
ruary:
Representative Of all cotton produc-
Ing states. planters, seed dealers GIN
ners, crude cottonseed oil mills, re-
finers, lard substitute manufacturers
and Wholesale distributors In the meet
ing here today respectfully urge every
possible effort he made to permit free
expectation of Sottouseed oil products.
situation is sorious approximately
one -Quarer Of seed crop unsOld In hands
of planters. This will deteriorate rapid
IN
housing facilities and unless marketed
soon win be used for fertilizer and other
purposes At great loss IN value. Fully
one quarter OF crop In hands Of crude
oil mills, either AS oil or seed,
"Refiners have large stocks Of oil
and are unable to continue buying un-
less get very much greater export out
let. Situation is further seriously com
plicated by heavy importation Of fora
eign edible oils these mportations past
IL mouths about four times greater than
corresponding preWar period. Unless
prompt relief given entire stabilization
plan In danger.
'IS stabiiization plan not carried out
planters will incur enormous losses and
many mills face ruin, In addition to
necessity for greater export outlet cot
tcnseed oil and cottonseed oil Qroducts
temporary embargo should be placed
against Importation Of foreign oils until
present situation relieved"
Tho stabillzation price for crude oil
which II Is hoped by all lines of the
cottonseed trade and the food admin
istration will be maintained, Is Sl3tL
per gallon. The price fixed for sound
seed In Tennessee Is SOS. basis carlots:
In the Mississippi delta, S70.bo, and in
the hills Of Mississippi S67. and in the
signed statement issued by II, s. Nor
gan, state food administrator, and Paul
billiard, state cottonseed industry rep
resentatiye.
These men announce that for the
remainder Of the season the food ad-
minstration will strictly enforce its reg
latons and insist that dealers. giuners
and crude mills purchasing seed shall
pay the stabilized prices announced In
the several states. Infractons Of the
regulations should be reported to the
food administration" they ask
II the stahiiZation prices are sue
cessfully maintained, no one stands to
suffer heavy losses, Mr.. Perkins says.
The cyushers, however. he says, have
already lost to certain extent They
bought seed for manufacturing the
present orders on basis of disposal OF
huls at SIG to 500, but the price of
hulls has averaged less than SIS and IL
now less than $40 There is Il further
loss TO the crushers on lnters, he says,
because the great government contract
let for linters to be used in making
explosive at St,s7 per hundred pounds,
The remaining stock OF linters, which
iS huge, will have TO be sold to mat
tress people and will necessarily have
to go at much lower than $467 the 100
pounds
A foreign order for $4,000, ,00e gallons
OF cottonseed oil, which will he allo-
Gated amons the refineries, will some-
what relieve the congestion, MIR. Per-
kinA3 said.