Imperial Valley press., 1920-11-17
To Our Members and Friends:

To Our Members and Friends:
The cotton market has been very
| disappointing, as it was generally eN-
pected that there would be an i'm
provement after the election was out
of the way. But on the contrary,
there was decided break IN quota
tions, both in spots and future con-
tracts.
January contracts at Alexandria
have declined eight and one-half cents
per pound, being now quoted at 5oc
per pound. Liverpool spots CORE
spending to Pima No. 4 are now 81
against former quotation of 8Gc.
! TIE latter quotation Is less exchange
Short cotton Is oaly 19c, with July
contrasts selling down to l7.4c. Some
Pima cotton in less than bale lots IS
reported having 6een sold at lie in
the seed.
II is reported that an effort is be-
ing made to get some of the growers
who have been consigning their cot
ton to Boston to have same offered at
56c to SIC per pound.
Mills Out Of the Market
The mills are absolutely indifferent
to all offers, an dprobably will remain
tine anv offers to sell weakens the
position of the grower and reduces
the price he should ultimately receive.
Cotton on Hands
The mills and warehouses in the
Eoscton district had Approximately
220,G00 bales Of Egyptian, American
Egyptian and Sea Island cotton on
hand on Sept. 30 1920. This will sup
Fly their needs until long after the
tirst Of the new year, and insistance
to sell before they are ready to buy
will surely force prices down to still
lower levels.
Held Iour Cotton
1t is ab3olutel. imperative that ev-
ny interest cooperate to the limit in
the holding OF ta.s cotton off the
market until there is an actual de-
mand for it.
Although vou might, in some meas
ure, profit in sale cI small amount
of your cotton a. this time - you
light be enabled to liquidate some
OF your more pressing obligations,
but when you do this, you are depre
ciating the amount you will receive
fer the remainder or voUr crop, and
Won ere assisting in domoraliing the
best interests of vour whole COM
munity.
If you insist oh offering some of
vor" cotton for sale. call on or write
70 Mir II. c. BehrHan, cur chief clerk,
tor ra"0.ar forms giving description
end minimum price en- cotton which
We are to handle for YOU. This can
be offered cut ~ tie association in
single lots or in pools CT cotton from
different members setting the same
minimum price.
Remember that it does not matter
where this cotton is located. 1t may
be in riA yards. consigned to Los
Angeles, New Orleans, Boston or else
where-the association handles it to
equal advantage at any place.
All members have paid or this
service and should avail themselves
Of it, even when forced to offer small
amounts On distress market.
Crop Reduction
/ II appears that 33 l-3 per cent re-
duction in cotton acreage may not
be C10ughw to bring about the proper
readjustment en- this years crop and
mex. If 80 per cent Of the, land that
was in cotton this year can be put tc
food and feed crops, then the price
of cotton viii he established so th,j
the producer will rereive a reasonable
amount above the cost of production
Cotton growers should profit by
the action Of mills at times when they
have nc demand for the finished cot
ton goods. They always reduce thei>
output or close down altogether
They do not run at a loss.
Are you going to operate your farm
at loss or will you materially re
duce the dutpht Of cotton and lint
your operations according to the law!