The Pulaskian., 1920-12-23
Medicine for Sick Cotton Condition

merchants bankers and planters held the Hotel Marion last m day night wonderful example of what conference can do While nothing of from this conference th way paved for better understanding which will all forces to work in unison the cotton situation.
 that misconcepton of the principles of the Arkansas Division of the American Cotton Association had aligned the buy ing end the market and the friendly banks against it. The broker and buyer abored under the impression that the American Cotton Association sought eliminate him by selling direct the spinner Oureadg banks have for many years deal
 intimately with firms This association mutually profitable and the buyer was always found responsible the imposed him. These banks could naturally be expected oppose any plan which would entirely eliminate good and can blame the buying for fighting wer its back the wall It happens that the cooperative ketng system advocated by the Arkansas Division of the American Cotton Association contempates in way the elimination of the present agencies merely gives the buyer facilities fo the purchase of he does have After hearing the entire plan unfoded the president of the Little Rock Cotton Ex change only admitted that the organization working the direction but that the plan feasible and would be of val uabe assistance the buyer The attention of the business called the fact that the method of selling today primitive and through the gower loses several dollars every bale of cotton he sells Alexander president of the Arkansas of the American Cotton Associations declared that the grower of cotton does not market his produmerey throws away Mr. Alexander said the only crop that the producer could integeny estimate the value of He stated
 that the grower brings the and asks the buyers bid it. He tells them that he has something to sell but he does not know what and the buyer accordingly Mir Alexander substanaed by Y West of s. Y West Company, of the big handlers of Arkansas in the statement that is
 possible for the buyer pay anything like what cotton worth Mr. Alexander asserted that the street buyer bought al and few of them graded the manner that the broker who bought through them had send and make inspection of this of probably $2O0 per bale
 Mr. Alexander stated that the intention of the Arkansas Division of the American Cotton Association encourage the of warehouses where samples could be taken of each bale pont where the grader would properly display them for the benefit of the buyer As this grader would pass hundreds of thousands of bales of coo the buyers would learn what they could depend upon They could afford more for cotton upon which they not taking risks Iheaer would be supplied with certificate showing the grade of his ton and hen fully advised he could sell ntellgeny In add
 ton to @ the general warehouse sampng headquarters would permit the buyers select the grade of Cotton desired for oder collecting thousands of bales of the desired staple with lit tie trouble At present the brokers buy much that wanted by their customers and they have to allow margin su
 cien to insure emuneraye sae It admitted by practical present that the average street buyer poor casser and that he often the mark materially the grade he places upon his purchases For this the buyer does often pay all the cotton wohhe he represents permitting him high for fear that he will overbd and lose much money The would necessarily be eliminated under the Arkansas Division pan but the farmer would know what he had s and would demand top for the quality he offered
 was after this of facts that cotton and bankers expressed willingness cooperate stating that they had desood the plan before They asserted that represented them that the grower endeaorng sell direct the impractical plan this me The officers of the Arkansas Division of the American Cotton Association declared that there many features of cooperative marketing be worked attempt anything of this kind for years
 Merchants who had made study of the conditions which ere aed the California Citrus Exchange and hundreds of other fu cooperative selling agencies that me stated that cond fruits similar those n today They declared that there objections from bankers well buying agencies but these removed when the project fully
 and and that prosperity general in the states affected thereby
 The result of this conference the appointment of
 of three arrange for another meeting with the bankers of Little Rock and prepare presentation of the project to the Bankers Merchants and Farmers Conference which will be held Little Rock January l8o As the undertaking of the Arkansas Division is commendabe one it, doubt will receive the back ing combined interests of Little Rock and its financing