The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-12-03
Benefits Of Co-ope-
ratiye Marketingg g.
Members of Texas Association
Receive Two to Three Cents
Per Pound More For
Their Cotton

Dallas. Texas, Nov. Exchanges
in the cotton marketing system are
being effected by the growers mar
keting association, now being fed
Grated into the American Cotton
Growers exchange, according to c..
O. Moser, secretary of thas organ
ization.
Texas, Oklahoma, Mississippi and
Arizona are the charter members OF
the organization and are all four
marketing their cotton successful
" through cooperative associations
this year, according to Mr.. Moser.
North Carolina has completed
it's state organization and is said to
be ready to affiliate" added Mr..
Moser. Organization Of growers
associations is being rapidly COM
pleted in South Carolina, Georgia,
Tennessee and Arkansas while the
preliminary work is being done III
Alabama and Louisiana. The above
named states include practically all
of the cotton ,area OF the United
States. Final completion Of the
Organization Of the entire south is
expected before March /, 1922
Some idea Of the magnitude OF
the movement may be obtained
from a statement made by Walton
Peteet, secretary of the Texas Farm
bureau. in which he said that the
Texas Farm Bureau Cotton aSsoc!a-
ton. a member Of the exchange,
had as much cotton to sell as any
| five cotton firms in the world. He
further said that this cotton was
all graded and classed and ready
for immediate delivery. Oklahoma
cotton growers have organizations
similar to the one in Texas and al
| most as great in size and import
ance. The Texas association has
received to date in the neighhor-
hood of 100000 bales Of cotton, ac-
cording tod. G. Hill, Jr., secre-
tary of the association. In pursu-
ance of it's plan to market in an
orderly fashion throughout the year
only about 1900 bales have been
sold so far.
Walter l.. Trout, sales manager,
says that he has been able to OBJ
tain for members of the Texas as
sociation from two to three cents a
pound more than street buyers
; have been paying. This amounts to
from $40 to SIS a bale or above a
100000 increase on sales already
made. Should the same ratio be
held on the 100000 bales already
received, it will amount to more
than $1,250,000. Cotton is still be-
ing received, however, at the rate of
srom 1900 to $500 bales a day at
the Dallas office and no one is able
! to tell at the present time the to-
| tai amount Of cotton which the as
sociation will finally handle this
year.
Mr.. Moser says the association
has advanced to members more
tilan S1.500,00O to date on more
than 10000 bales Of cotton, al
though it is said that less than half
Of the growers are asking for ad-
xances. Forty dollars a bale is now
being advanced to growers upon
delivery of their cotton to the asso-
citation and prior to the final sale.
While no accurate figures on the
cost Of selling the cotton can be Civ
en- until The end Of the selling sea-
son, it is estimated that it will not
exceed S per bale. Handling
charges such as sampling, weighing,
storage, ETC., are not included in
this estimate, made by officials
The association, according to Mr..
Trout, is saving money for its
members through the prevention Of
indiscrininate sampling and by
properly warehousing to prevent
weather damage. The association
! chasing rooms are said to be the
largest in Texas and~the graders are
handling from 1900 to $500 bales
per day.
Recognition of the business
standing Of the Texas association
was given by the war finance cor
portation when it loaned 1000
600 to assist in the movement OF
the cotton. Texas banks follow
ed Immediately after by announcing
an acceptance credit Of $l,500,000
and Offering a cash loan Of $780,
600 which has since increased to
o:cr S1,000,000.
The work Of handling the in
coming cotton has become SO great
that it has become necessary to
have night and day shifts for the
employees. One set of clerks goes
to work at I in the evening and
works until G:30 in the morning.
Many members Of the day force
work from $50 in the morning un-
til 10 o'clock at night. The office
employs l25 persons.
Buy Christmas SeaIs-Fight the