The herald and news. [volume] (Newberry S.C.) 1903-1937, 1919-09-12
&c CENTS MINIMUM
FOR SEPTEMBER COTTON
The Maximum of 40 Cents to be
Reached in May-That is Decis-
ion of the Cotton Confer
ence in New Orleans.

Major -. +. McClatcneyS StenCOrlaH
voice for the price Of September cot
ton at 35 cents before the American
Cotton association this afternoon,
with graduated scale of half cent
a month until May, when it reaches
40 cents, the report of the price. rec
ommending committee was adopted
without opposition.
The committee had to deal with all
sorts of conflicts. It was admittedly
impossible to recommend "a price
based on supply and demand. So it
was predicted upon present condi-
tions.
To Extend Credits to Europe.
Declaring that the deterioration IN
the cottn crop since August rs is
unprecedented and that the visible
supply is far short of world demand,
the committees report said:
eThe president of the United States
has been requested to issue call to
the bankers, exporters, manufactur-
ers and other large business interests
of America, for the purpose of meet
ing and arranging and putting into
effect and force credits for Europe
which will enable them to enter our
markets"
The resolutions then continue to
urge that the executive committee
of the American Cotton association
shall meet at any time on call OF
President Wannamaker and recon-
mend higher minimum price. For
the present they recommended mini
mum price as unanimously adopt
ed here without opposition will
be So for September, increases
one-haH a cent. each month to May,
when the price reaches forty cents,
basis middling, standard govern
ment grade. The resolution urged
the cotton producers to hold for
still higher price.
Governor. Dorsey Presides.
Governor Hugh M. Dorsey presld-
ed over all sessions today and han
died the situation splendidly.. He
was cordially complimented upon his
able handling of the program. When
Governor Dorsey took the chair and
opened the meeting the Georgia del
egation arose in body, applauding
vigorously. This brought the other
delegations to their feet and Govern
or Dorsey was given magnificent
ovation. Harvie Jordan, of Montl-
cello, Ca, and Senator E. D. Smith
of South Carolina, were among the
leading speakers.
MIR. Jordan spoke Oh a fair price
for cotton, and the three essentials
for it, he said, are: First, economic
reform in the ba]ing and handling
of cotton; second, abundant ware
housing at every interior market,
and third, efficient county organiza-
ton in every county to take care OF
distressed cotton.
The Thread on Cotton Seed.
The committee on cotton seed and
it's products which was composed OF
the members of the old cotton states
official adv .ory marketing board, in
Guiding c,r .issioners of agriculture,
directors of market bureaus and pres
ident of farmers unions, offered the
following resolution dealing with cot
ton seed which was cordially ap-
proved:
Resolved. That the spread OF
s2O.5O allowed the oil mills by the
food administration is amply suffl<
cient for this season.; the word
spread meaning the difference be-
tween the market value Of the fin
ished products and the price paid for
seed. Owing to the variation IN 1he
yield in the different states each
state will determine by government
analysis the value of, the products
from ton of seed and deduct there
from the spread Of s20.50 to arrive
at the price seed should sell for in
car lots at shipping point.
Buying Corporation Proo'edp.
Cotton producers from ten South
ern States at a meeting today de-
cided to organize buying corpora
ton in every county and parish IN
the belt with the object OF buying
every bale offered, then holding the
staple until the minimum price, to
be recommended by a committee OF
growers, was offered.
The cotton, under the plan sub