The Lubbock avalanche. (Lubbock, Tex.) 1909-1922, 1922-01-20

an average saving above street prices
Of $500 per bale in price and $500
per bale on grade and staple. Early
W The season street buyers paid more
10 non-members hog around than
they could sell the cotton for In an
effort TO produce Dissatisfaction
among the members, and the price in
towns where there we're members was
o. above the market IN towns where
there were no members. N0twitb-
standing al opposition the Oklahoma
organization Is going concern and
the great majority Of It's members
are more than satisfied with the re-
suits obtained
The Texas Farm Bureau Cotton
Association will handle more than
1875, 900 bales " cotton this year at
very substantial saving over prices
received by non members 1000
bales were sold before the big slump
at more than zoe basis, and $1,000
bales have been sold since the slump
in prices at &c 10 &c more per pound
than street buyers we're paying on a
declining market and from IL % 30
per pound more on n rising market,
The Association Is getting from 30
% l75 points up on grades above
middling, and from ic to zoe more
per pound on staple cotton. The
premium on / i-iG" staple is 100 20
100 points, and the premium on |
i-8" staple Is 800 points At the
time Of the convention the sales man
agcr had an offer Of 35c for Ia"
staple middling basis. SO, 1871 ,30i has
been advanced 20 members on cotton
delivered 10 the association, the salea
Of cotton amounts to 81 500 300, and
1892 worth Of loose cotton has been
sold. The last sale Of 1000 bales
Of short staple cotton brought 5000
per bale above Dallas spot market.
Texas Banks have furnished the As
sociation with s2,50O,000 to be used
as n revolving fund for the payment
Of drafts and Il has a credit Of $751;
00O. 900 with the War Finance Cor
poration. Members drawing an adj
vance against their cotton pay per
cent interest and members who do
not draw anything against their cot
ton are paid the same rate OF inter-
est. The handling exncnses 10 date
are approximately si.0o per bale.
Nathan Adams in his address was
very complimentary in his rema~'ie
about the accomplishments ~ the
Farm Bureau and the Cotton Asso-
citation, and was frank 20 say that The
Cotton Asso iation Is the greatest ac-
complishmcnt in history for South
ern agriculture and that before an
other year has passed Association pa
per will be in every bank from San
Francisco TO New York. He saws
n re u no more reason for seasonal
prices in cotton than there - In steel
and that by controlling the cotton
acreage and the PROPER marketing 81
cotton the farmers through their own
cooperative marketing or9nnizationsl
can absolutely control the cotton mar
kcf MT by rice setting Dut ~ the
application Of business princirals, and
can take the women and children out
% the fields and put them IN the
h mes and schools where they be-
long
A committee Of forty representa-
tive farmers and business men from
Alabama were In attendance nj the
convention for the purpose OF gath
ering information IN cooperative mar
kesing az accom- piished By the Texas
organizations preparatory to organ
Ing Alabama along 'he same lines.
They were high In heir praise Of our
accomplishments in the short time
ne have been IN hrsiness end 10
ciared they would g. a,ms more de-
fcrmined than ever that cooperative
marketing y the on;y m'.hod Of dis-
por'ng Of agricultural products.
The Farm Bureau Wool Associa-
ton has closed IL pool for This sea-
son. Nearly 100000 pounds Of
Wool and r.nhair vas received from
500 members Of which 100000