The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-11-18
COTTON
MARKETING PLAN
is M0DERNIZED.
Oklahoma, Texas, Mississippi
and Arizona Charter Mem
bers of Organizations.

bers of Organizations.
DALLAS, Texas, Nov. Exchanges
in the cotton marketing system are
being effected by the Growers Mar
keting Associations now being feder-
ated into the American Cotton Grow
ers Exchange, according to c. o.
Moser, Secretary of that organization.
Texas, Oklahoma, Mississippi and
Arizona are the charter members Of
the organization and are all fou
marketing their cotton successfully
through cooperative associations this
year, according to Mr.. Moser.
North Carolina has completed its
state organization and is said TO be
ready TO affiliate" added Mr.. Moser.
Organization of growers associations
is being rapidly completed in South
Carolina, Georgia, Tennessee and Ark
ansas while the preliminary work is
being done in Alabama and Louisiana.
The above named states include prac-
tically all of the cotton area of the
United States. Final completion Of the
organization Of the entire south is ex-
pected before March i 1922"
Magnitude of Movement
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 Association, 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. Okla
homa cotton growers have o%rganiza-
tons similar to the one in Texas and
almost as great in size n i'm
p~ortance, The Texas Association has
received to date in the neighborhood Of
100 coo bales Of cotton, according to
d. G.. Hill, Jr., Secretary Of the Assoc
citation. In pursuance Of its plan to
market in an orderly fashion through
out the year only about 10000 bales
nave been sold so Var.
Cotton Still Being Received
Walter l.. Trout, sales manager
says that he has beer able to obtain
for members Of the Texas Association
from two TO three cents a pound more
than street buyers have been paying.
This amounts to from ten to fifteen
dollars a bale or above a two hundred
thousand dollar increase on sales al
ready made. Should the same ratio
be held on the hundred thousand bales
already received it will amount to
more thar a million and a quarter dol
lars. Cotton is still being received,
however, at the rate Of from 1900 TO
$500 bales a day at the Dallas office
and no one is able TO tell at the pres
ent time the total amount Of cotton
which the Association will finally han
die this year.
$40 a Bale Advanced
Mr.. Moser says the Association
las advanced 10 members morS than
a million and a half dollars TO date
on more than so, 900 bales OF cotton al
though it is said that less than hal
the growers are asking advances. For
~ dollars a bale is now being advanc
ed To growers upon delivery o. theil
NoANpu ~ Nut aSooeiANiON anu paw ~
the final sale.
While no accurate figures On IN
cos OF selling the cotton can b'
given until the end of the selling sea
son it Is estimated that IL will no
exceed Sl.OO per bale, Handling
charges such as samping. weighing
storage. etc, are not included II
tkN. a.sgpnnta VnaAa kv ZffsAtalw
Saves Money for Members
The Association, according 10 Mr.
Trout is saving money for its mem
bers, through the prevention of indis
oriminate sampling and by properl!
warehousing 10 prevent weather dam
age. The Association chasing rooms
are said to be the largest In Texai
and the graders are handling frol'
1000 to $500 bales per day.
Recognition OF the business standing
Of the Texas Association was givei
by the War Finance Corporation wheI
It loaned sl5, 900 900 TO assist in tn
movement Of the cotton. Texas bank
followed Immediately after by an
nouncing an acceptance credit OF on
and one half million dollars and offer
ing u cash loan OF one half milioi
dollars which has since Increased {,
owe a million dollars.
The work OF handling the incomini
cotton has become SO great that II ba
become necessary to have night an
day shifts for the employees. One re
Of clerks goes to work at seven Il
IN evening and works until 60
In the morning. Many members o
the day force work from $3.50 In tn
morning until 10 o'clock at night. TIL
office employees 1875 persons.