Fitzgerald leader enterprise and press. (Fitzgerald, Ben Hill County, Ga.) 1921-1964, 1925-06-25
GEORGIA COTTON
COOP ASSN HAS
GREAT YEAR
Association Members Reap Profit by
Pooling Cotton. Final Report
Made by Officers.

Atidhtd, va, june ZO--LdSt lnurS-
day the Georgia Cotton Growers Co.
Operative Association completed the |;
big task of mailing out to its mem
bers, final settlement and payment on
their 924 cotton. The payment amount
ed to $2,159,0OO j
The total payments made to the ,
during the past year, includ |
ing the final payment, reached $12.- !
100000 on the lO5,9S2 bales OF cotton
delivered by the members.
Remarkable progress was shown
during the past season. according to
the statement issued by the association
in the matter of operating costs. The
cost of operation, including storage,
interest, office overhead and
all items of expense. amounted to SO
points or SASS on an average bale OF
cotton. the average weight per bale of
cotton handled by the Association dur
ing the past season being 49l pounds.
During the first two years of the
Association, when the organization
was being built and worked out, ex
penses of operation were approximate
ly $500 per bale. Officials of the or
ganizatiOn accounted for the reduction
in overhead or operating costs i'll a
number of ways: Reduced interest and
storage charges cut expenses consid-
erably; with three years experience, it
has been made possible for the organ
ization's acairs to be handled by
much less number of employees. due
to their experience and to the develop
mnt of the Cooperative. However. it
was emphasized that the one thing that
has been most instrumental in the re-
duction of expenses is the fact that
the members delivered 10000 bales
more cotton this year than for the
previous year. and that as the mem
bers have come to learn more of their
organization, their cooperation. as in
dividual members. is better, which ne
cesSitates much less work, thereby
cutting down the costs of operation.
The Good Middling White l6'
pool brought the members of the as
ISOLATION who delivered such cotton
a net price of 2602c per pound, after
expenses were deducted. This was the !
highest price paid for any pool of +
short cotton.
The pool that Classed Ordinary,
which is the lowest grade OF cotton
with the exception of Dogs-practi-
cally antable-brought the
members 1876 net and in this pool
there were only 60 bales delivered out
OF the total of l05,982 bales handled by
the association.
"A net price of 234lc was paid to all
members on Strict Middling White
7I8' to T.. Middling averaged 22.47c
per pound net AMI Good Middling
Hinged 8" to /" brought net aver
age price to all members who deliver
ed such cotton of 2285c or within ID
points OF &c per pound net.
In the above three pools were more
than $1,000 bales of cotton, or more
than half the cotton delivered by the
members of the association, and each
Of these pools consisted of approx
nately the same number of bales.
The association handled 48 pools dur +
ng the past season, each bringing diff
ferent net prices, and the prices for
he different pools to which each mem
Der delivered cotton and being mailed
O him with his final settlement checks
A number of the members delivered
ong staple cotton to the association,
md the price paid them for their cot
on, depending on the grade and sta
Die, ranged anywhere from 2o75c to
'476c per pound net
The announcement of the Association
IL connection with it's final payment
pointed out that better understand
ng of Cooperative Marketing by the
growers and business men, progress
" rteh Association, and the assistance
hat the Cooperative has been able
orendcr its members this year in
their crops where they were
Unable to get assistance locally, am
uniting to three million dollars loan
d through Credit Corporations &C
cunts for the fact that some of the
argest producers in Georgia have
igned up since January 1.
The new members signed during the
,ast few months number something
ike 1900 and in the roster of new
members are many growers who pro- )
Iuced as much as 100 200 and as high
IS 800 bales the past year.
MRS. CHENEY DIES