Newspaper Page Text
Hereford Bull Sale
Held At Waycross
There was a sale of purebred Hereford
bulls at Waycross, Georgia, April 17th. All
the animals were consigned by John J.
Cummings of Donaldsonville, Georgia, who
owns one of the best herds of registered
Herefords in the east, in addition to a
large herd of commercial cows, that were
graded up from native cattle by the use of
good bulls.
This was an excellent opportunity for
cattle owners to select a purebred bull of
breeding age, and one that has been raised
Under southern conditions.
The sale was sponsored by the Georgia
State College of Agriculture, Waycross
Chamber of Commerce, and railroads ope
rating in the southeast territory of the
State.
BOYS ORGANIZE AS
THE “FUTURE FARMERS”
(Continued from Page 1.)
application of intelligence and princi
ples in farming.
3. To promote thrift among the mem
bers.
I 4. To provide recreatio nand fraternal
relationship for vocational students.
‘ 5. To encourage cooperative buying and
selling and afford a medium through
> which these activities may be carried
on.
. 8. To establish the confidence of the
farm boy in himself and his work.
7. To create and nurture a love of coun
try life.
I 8. To promote scholarship.
9. To promote rural leadership.
10. To promote a better school and com
munity spirit.
11. To promote commuinty improvement
I projects.
Four Degrees Provided
Four degrees of membership are provid
ed for in the constitution. These degrees
are known as: Green Hands, Junior Far
mer, Georgia Planter, and American Far
mer.
The highest degree, that of American
Farmer, can only be conferred by the na
tional organization. Last fall in November
at the second annual convention of the F.
F. A. held in Kansas City one Georgia boy
Albert Sosebee, Epworth, was awarded this
degree. Albert has bought and paid for an
80-acre farm o fhis own and is still in high
school.
Progress from one degree to the next
depends solely upon the accomplishments
of the boy. Accomplishment is measured
in terms of practical farming results, the
ability to make and save or invest money,
the aid and service rendered to the busi
ness of farming, and service to his associa
tes and the community in which he lives.
Every school in Georgia where voca
tional agriculture is taught is expected to
have a local chapter of the F. F. G. Each
has a program of work through which they
seek to carry out the objectives of the state
organization.
Activities Varied
As an example of how active some of
Georgia’s seventy-five chapters are it is
interesting to learn that the boys at Sale
City have bought a lot, erected a building
which has been leased, and from the rent
als they derive money to aid one of their
number each year in paying his college ex
penses for the further study of agriculture.
At Adrian the boys have all joined the
Georgia Cotton Growers Cooperative Asso
ciation and are learning how to carry on
their farming business like business men.
The Chapter at Sumner in Worth county
has lanscaped the school grounds; at Win
der the boys have put on a soil improve
ment demonstration; Sonoraville, and many
Others, have a thrift bank; in Hart county
the boys at Sardis are beuatifying the
homes of the community by setting out
shrubs; the boys at Cadwell have started
a six-year crop rotation; Sylvester formed
a pure-seed association; and Okapilco is
carrying on demonstrations in live stock
feeding. Many other examples of con
structive work might be added.
Just at this time a state-wide speaking
contest is being conducted by the F. F. G.
The members are speaking on farm sub
jects. Ten boys will be brought to Athens
for the final contest in July and one boy
will represent Georgia in the national con
test at Kansas City where Senator Arthur
.Capper is giving $1,500 in prizes.
COTTON TRADE AGOG
ABOUT COOPERATIVES
(Continued from Page 1.)
rainfall would cut yields considerably. In
fact, the reduction es acreage is the crux
of the entire cotton situation and if there
is again a heavy production it will prove
a difficult problem to insure growers good
prices regardless of what marketing meas
ures are taken.
Critical of Cooperatives’ Action
Os more immediate and pressing import
ance is the action taken by the cooperative
associations with regard to May and July
deliveries. For the most part the New York
cotton trade is outspoken against the ac
tion taken during the past few weeks and
regards it as detrimental not only to their
own interests but to those of the entire
cotton industry. "
At the time during the winter the co-
8.
9.
10.
GEORGIA FARMER & FRUIT GROWER SECTION
operatives were said to have been facing
heavy losses in their commitments.
Through the action of the Farm Board, ac
cording to New York operators, they were
enabled to put up sufficient margins to al
low them to purchase heavily on the Ex
changes and thus force up prices. Since
the low point last winter the May and July
options at New York have advanced about
three cents which shows the cooperatives
some profit or at least places them in a
much stronger position.
The adverse criticism of the trade has
arisen through the fact that the coopera
tives were long of cotton already and
through heavy purchases placed the short
interests in a dangerous position if they
should demand delivery. Mills and other
large users of cotton use the May and July
futures for hedging operations and go short
to protect themselves on the cotton they
have on hand. Usually these deals are clos
ed out without the actual delivery of cot
ton.
Corners Unethical
If they should be called upon to make de
liveries and do not have the actual cotton
to do it, having used up or converted a
large part of the purchases against which
they sold short as hedges it will virtually
amount to a corner or short squeeze, in the
opinion of the New York trade. Such an
action would be held highly detrimental.
The trade generally opposes it on the
ground that the government should not
countenance a squeeze play by cooperatives
any more than by any other interests.
They also oppose it on the grounds that
such an action would force many short
enders to substitute premium grades of cot
ton in making deliveries which would en
tail serious losses. In the New York mar
ket a premium grade is allowed only 60 per
cent of the actual differential in value which
would entail a loss of $5 to $6 per bale in
making deliveries.
Traders also contend that running up the
prices at planting time does not help the
growers any at the present time but it does
stimulate them to increase rather than de
crease their plantings. This is held to be
just the opposite effect to what the Farm
Board wants. They also contend that higher
prices will cause manufacturers to proceed
slowly and that it will result in a smaller
consumption of cotton toegther with de
creased employment in the textile trade at
a time when greater employment is highly
essential.
As to whether the cotton trade or the
cooperatives are correct in their actions
only time will tell. It is, however, difficult
to see why the cooperative associations
should take any action that will in the
long run prove detrimental to producers.
The adverse criticism of the trade must,
therefore, be taken with the proverbial
grain of salt. In any event the Farm Board
and the cooperatives should be given a fair
chance to demonstrate what they can do
for the growers.
In this connection it is worthy of note
that the management of the New York Cot
ton Exchange investigated the activities of
the cooperatives in connection with pur
chases in the May and July options to see
if Exchange rules were being violated and
found that they were not. They stated, how
ever, that these deliveries were “con
gested.”
Statistical Features Encouraging
On the statistical side some features are
encouraging and some are not so encour
aging. World cotton consumption appears
to be doing better than hold its own de
spite reports to the contrary. Figures cov
ering the period from August 1 to January
31, inclusive, show that the world consump
tion of cotton during this period was heav
ier than in any recent year. The figures
indicate a consumption of 13,076,000 bales
against 12,694,000 bales a year ago, 12,849,-
000 bales two years ago and 12,516,000
bales three years ago for the same period.
This should set at rest the frequent state
ments that the demand for cotton is on
the wane.
Another heartening statement comes
from the fashion experts who are predict
ing an increased use of cotton and of Amer
ican cotton goods in Europe during 1930.
They base this on the demand for several
classes of cotton goods which appear to be
finding considerable favor in European
centers of fashion.
At the same time the exports of cotton
since August 1 have been more than 1,000,-
000 bales lighter than last year. The ex
ports since August 1 to the middle of May
are roughly 6,400,000 bales compared with
7,500,000 bales a year ago.
The world’s visible supply of cotton is
also somewhat larger than usual and was
estimated in mid-May at 6,600,000 bales
against 5,900,000 bales a year ago and 6,-
050,000 bales two years ago on the corre
sponding date.
So far as this country is concerned there
are larger supplies on hand especially at
New Orleans and Houston and to a lesser
degree at Savannah, Augusta, and Mem
phis. Several markets have less cotton on
hand than last year, among these being
Mobile, Norfolk, New York and Galveston.
Prices on the whole are lower than at
any time since 1927 when there were dras
tic declines following the big crop of 1926.
Quite a recovery has been made since the
low point of last winter but for the 1929-
30 season as a whole prices have consistent
ly hung below those of the two previous
season when cotton production was about
the sama.
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PAGE THREE