Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-06-08
co. OPERATION PAID
Oklahoma Cotton Growers Got Real
Market Value of Cotton.

Clemson College, June 5.-The Ok
lahoma Cotton Growers Association
now numbers over $4,000 members,
who sold their 1921 cotton crop CO.
operatively atan average gain of $3.50
per bale over the street quotations,
thus proving concretely the value Of
operatively at an average gain of $3.50
! lima farmers who have not yet Joined
the association now being organized
in this state and who have any doubts
left as to the practical benefits Of the
organization should read the extracts
+ below from the report of the recent
convention of the Oklahoma Associa-
tion and then lose no time in joining:
oklahoma cotton farmers are a
head of the game nearly ga million
dollars this year as a result Of hav-
ing marketed their crop cooperative
ly, according to figures made public
by the Oklahoma Cotton Growers
Association. The association, which
is a nonprofit, nonstock, 10 percent
pool, cooperative cotton marketing
organization has a membership Of
thirty-fve thousand actual growers,
who have signed legally binding con-
tracts to market all of their crop thru
the organization for a period of seven
years.
With approximately u per cent of
its members crop yet to sell, the as
sociation shows a gain over the aver
age street price of $3.50 per bale. On
the one hundred thousand bales hand
led by the association this year, this
represents total gain of $650,000.
The association is credited by
those familiar with the Oklahoma cot
ton market in past years with having
discovered" good middling cotton.
This grade was seldom found in the
state under the old system of street
sales, when the grower had no facili-
ties for determining the actual quality
and sold on the buyers grade and
staple at the buyers price.
The Oklahoma Cotton Growers
Association said Eugene Meyer,
managing director of the War Finance
Corporation, in an address, "by find
ing a way to finance its products over
the period in which it is to be market
ed, instead of dumping Immediately
it is picked, has eXerted a decided in
fluence toward stabilized prices. This
organization was also largely respon-
sible for the high price which obtained
early in the season."
Thru cooperation on the okla
homa plan" the cotton growers of
that state have for the first time been
able to borrow money in sufficient
quantity to finance their crop on
terms they were able to meet.
"A considerable additional saving to
association members has been effect
ed in the elimination of country dam
age or weather damage, as all asso-
ton cotton is warehoused immediate
ly il is delivered to the association
by the member.
Cotton firms have found that they
can come to the associations office
and find samples of any quantity of
any quality of cotton they may desire.
They have found further that they
can buy such cotton at fair price
On the market of that day. This saves
them the expense of sending men into
the interior markets to buy perhaps
300 bales of cotton from which they
can sort out just the 100 or 200 bales
they want OF particular grade and
staple. The association is performing
service for them in offering them
cotton, ready To deliver, in even run
ming lots. Naturally they are willing
to pay premium for this service, and
the association member benefits