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Fifteen Cents, the Popular Price.
The Cotton Journal.
The Cotton Journal feels that it
has a perfect right to congratulate it
self upon tha final outcome of the
n,;nimum price fixed last week on
middling sp t cotton by the two great
agricultural organizations in the
south. The Farmers' Union, in nation
al convention at Little Rock, Ark.. on
Sept. 3, voted unanimously for a mini
mum price of 15 cents per pound,
basis middling uplands, for the crop
of 1907, and $20 per ton for cotton
seed. The Executive Commitee of
the Southern Cotton Association met
in convention at Jackson, Miss., Sep
tember 5th. two days later and. after
full investigation into the probable
yield of the crop, and the true value
of spot cotton at the present time,
based on demand and the hizh pries
of manufaetured g,oods. joined the
Farmers' Union in recommending and
fixing the minimum price, basis mid
dling, at 15 cents per pound at all
interior points in the south for the
season of 1907-OS. The price of cot
ton seed was fixed at $20 per ton. The
Cotton Journal began an active cam
paign for 15 cents early in July, and
came out boldly for thdt price early
We are, therefore, intensely grati
fled that the final deliberations of the
two great organizations, through their
official representatives, should have
both harmoniously agreed upon a
price ich so fully accorded with
the views of The Cotton Journal. We
also pleaded for the adoption of a
price that would be mutually endors
ed by both organizations, and are
very much pleased to know that the
coming qampaign, will be fought
along the same line and without di
Co-operation the Watchword.
These representative organizations
of the farming and business interests
of the south should now actively co
operate together and exercise their
full strength in meeting the terrific
combinations which will use every ef
fort known to human ingenuity to de
press the price of cotton. No man
need, for a moment, think that, be
cause the official representatives of
the S. C. A. and F. E. and C. U. have
spoken, their ultimatum given out at
Little Rock and Jackson last week
will fix and maintain the present and
future price of cotton at 15 cents.
The buying and consumin world
have already taken a positive attitude
against fifteen-cent cotton on the
ground that such a price is too high
and unauthorized under existing con
ditions. Now that the leaders of the
cotton gro'wing interest in the south
have spoken, it becomes the duty of
every grower, local merchant and
banker to realize that each is an im
portant factor in making the victory,
we are now fighting for, positive.
It cannot be denied that middling
spot cotton is intrinsically worth 15
cents at the present time. If that be
true the failure to realize that price
daring the next three months will be
due to the one single -fact, that the
farmers generally will rush their cot
ton on the markets and sell it for less
than 15 cents. It does not behoove
us to criticize and abuse the buyers
and spinners for making every legiti
mate effort possible to defeat the will
of the farmers in the sale of the pres
ent crop. It is not the buyer who of
fers a low price for cotton who should
be abused so mneh as the grower, who
surrenders his .anhood and sells to
the buyers at a low price. It is the
men who rush their cotton to market,
.when they are able to hold it, and who
will sacrifice their cotton at the low
and unfair price placed upon it by
the world, who are the prime factors
in breaking and depressing the mark
Market the Crop Slowly.
There is but one effective way to
maintain a high average level of pric
es this season, and that is market the
crop slowly in September, October
and November. There are more,.ware
houses in which cotton can now be
stored in the south than ever before.
There is more money in Southern
banks to aid in financing the cotton
to be held by the farmers and .stored
in these warehouses than ever before.
The bankers of the south have tis
year expressed a greater willingness
to advance money on eetton in stor
age than ever before. It is now an
easy matter to store a 500-pound bale
of cotton in a warehouse and borrow
from the local bank a loan of $50, at
from 6 to 8 per cent per annum.
Counting storage, insurance and in
terest on a bale of cotton if held on
an averaze of six months, it means an
expense of considerably less than one
cent per pound. By holding and sell
ing slowly it means a gain at from 3
to 4 cents per pound over the prices
that will be realized if the crop is
rushed on the market in large quanti
tiesadrin,g the next three moniths. It
is the duty of every man to stand
itfirm in this contest. Those who waver
and depend upon their neighbors to
carry all the burden, if it is in their
power to hold back a portion of their
crop, are not true to themselves, their I
neighbors or their country. The words
have now been passed all along the t
line. and "Fifteen Cents'' are those
words. They are short. but they mean
millions to Southern farmers.
Texas Fully in Line. ]
For the first time in the history of
the advocacy of a slow movement of
the crop and holding for minimum
prices, the great cotton producing
state of the outhwest is in lien.
Our advices from Texas are to the
effect that cotton is being tightly held
by Texas farmers. and that practical
jv io cotton is beiu- offered at Hous
ton and Gavesimu at priees less tian o
14 to 14 1-2 eents for the new crop.
One year ago. in the same section.
the farmers sold their crop freely
around nine cents per pound, after
the prices had been fixed by the S. C.
A. and F. U. at much higher figures.
The Texas farmers have doubtless
felt the costly errors of their past
methods in marketing their valuable
staple crop without judgment or dis
cretion, and can now be relied upon
to stand pat with the other states.
This is glorious god news--. It
marks a new era of strength in the
ranks of Southern farmers. which
makes their position ten times stron
er than in the past. Texas annually
grows from one-third. to one-fourth
of the entire South's production, and,
therefore, holds the balnee of pow
er in the marketing of the crop. The
great exports of raw cotton to feed
the millions of spindles in foreign
countries largely go from the ports of
If the exports are checked by
reason of the slow movement in the
interior due to the united effort of
the farmers, it reduces the opportun
ity of the exporters and foreign
spinners to accumulate large supplies
of raw cotton during a short period
of time, and then use their strength
to hammer the life out of the spot
market. Keep the demand active by
limiting the supply of the raw mater
ial each month.
Maintain high and stable prices
throughout the entire selling season
of ten months, and stop the bad policy
of allowing a speculative, fluctuating
market to exist by selling a twelve
months' supply in fou'r months. It
is all a matter of warehousing, financ
ing and slow selling to win the fif
teen cents minimum this season, and
The Cotton Journal has joined in the
fight to stay.
Horse Swappers' Convention.4
The annual convention of the Ohio
Horse Traders' association met atJ
Cardington, 0., last week. Resolutions
were adopted denouncing automobiles
and airships as methods of convey
ance. The sessions were held in a
hayloft. All members were compelled4
to sit with arms folded, that the temp
tation to pick their neighbors' pock
ets might- be lessened. The president's
report showed that the organization
was in a flourishing condition as 75(
per cent of the members were in jail
and unable to be present. One hun
dred members were on the floor.
In opening the convention the pres
ident spoke as follows: "Fellow fa
bricators, it gratifies me exceedingly
to report to you that our worthy or
ganization has had a remarkably
prosperous year. In proof of this
statement have only to call your at
tention to the fact that out of a mem
bership of 375 horse traders only
three-quarters of that number are in
"This indicates that our vocation
is just beginning to be understood.
We can now take our places beside
railroad presidents and insurance di
rectors. I won't weary you with any
suggestions as to how you can im
prove your condition. I cannot think
Store Your Cotton!~
Get the lop Notch Prices!
We pay Insurance,
THE STANDARD WAREHOUSE
Columbia, S. C.
D. C. HEYWARD. President.
CHAS T. LIPSCOMB, Secretary
Our Receipts Gilt Edge.
Consult Warehouseman, Standard
Warehouse, Newberry. S. C.
q. a single trick yoL. don't know
"In conclusion I deeply regret a
rrowing tendency on the part of
ome of our members to tell the truth.
[,f our orzanization is to survive this
6il never do. We must adhere to
hose. rinciples which are the very
01Vndation of horse swapping.''
They were in the parlor of a sum
Ier resort hotel.
S'oe: John. why do yon always oc
euj)y the piiano ,',tool when you are
n the parlor?.' You can't play a tune.
He: No one else c?n, either, while
[ sit here.
A. Cordial Invitation
The JELL-O Booth
ocated in Food Products Building at en
trance to Horticultural 0ourt.
We have provided a spacious Rest Room
especially for your convenience, where you
may meet friends, write letters, read your
favorite magazine, etc., etc.
Our demonstrators will be glad to serve1
you with JELL-0, the dainty dessert, and
Ice Cream made from JEL-O ICE CR
Powder, free, and explain how easily the
can be'prepared for the table.
The Genesec Pure Food Co., Le Roy, N. Y,
We have decidec
We believe this t
advantage of ou
say an extra pro
say. We quote
)ut ing. ...... ...... . .. ..- . ...
r ints.. .. - . .. ... ..
mercales, nice goods.
3rocade Suit ings.. ............
"laid Dress, Goods... ....
how Silk-_ _ _
3roadcloth, all colors .. ... -
otions at lowest figures.
3elt. . .... .. ........-..
The best line ever brought to
A good Watch for 99c. Othi
See our line of Jewelry and a
We are preparn
same money if tU
nave to pay an e:
ellow when you
MERCHANT TAILOR MADE
500 Pairs Pants
will be sold for
' Less Money
cloth cost from
which they are
Seven Dollar values at only $4.00
Five Dollar values at only $3.25
Four Dollar values at only $2.50
Three Dollar values for only $1.95
Two Dollar values for only $1.25
and so!r,e Pants as low as 75c. a pair.
Every pair a bargain at
HAVING DECIDED TI
V Credit S
-IERE, WAS A BURL
-I0 PAID HIS OBLIG4
Ito make this A CASH !
o be to our advantage, ar
customers.. When you t
fit to make good the loss
a few prices to show .how
Sup, our prices are comin;
......-..5c. yd. We are prepar
5 and 6 1 4c. yd. in Clothing than
*..... .8 1-3c. yd-. Boys' Pants fron
~10 and 12 1-2c. yd.
-___~ ~~ c 5 Men's Pants $1.1
__... ....25c. yd. Men's Suits $5.0
-$1.00 yd. cheap at $1.25 We've got the
........-c and up. Give us a look.
-...10 to 25c. each. Shc
... ..c. a spool. Here we can <
~Watches! Women's Shoes
the town of Prosperity. Men's Shoes.....
~r grades in proportion. All goods from
up;ly your wants in all lines. If you don't lot
~d to give the buying pub
iey will give us their trade
tra profit to make good
buy of us.
ours with bargains for all,
A. S. BIR
300 Doz, Men's and BoYs'
FANCY DRESS SHIRTS.
PEARL BUTTONS and
Every Shirt is worth at least
double the money. Our ridicu
lously low price,
45 cts. Each,
holds good until they are sold.
Don't waste any time to supply
your demand. They sell at
)EN TO THE MAN
iTORE from this date.
d we know it isto the
uy from us you don't
>n the fellow that don't2
, On a cash basis, with
ed to give you bigger values for yourmoe
any concern offering goods here thisseon
i25c. a suit and up..
Boys' Suits 75c a suit and up.
~5 a pair and up.
*Men's Corduroy Pants $l.25 a pair.
0, $7.50, $10.00, $12.50 and $15.00 a suit.
oods and prices and they must be sold.
> you much god and save you lots of money.
.25c. to $1.00 a pair.
....~....99c. to $3.50 a pal-.
. -.-.~...$1.50 to $5.00 a pair,
the farm wear to the nicest Patent Leather.
c us over you will lose money.
ic more goods for the
Remember, you don't
the loss on the other