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THE l INI ON-RECORDER, MILLEDGEVILLE, GA-, JUNE M. IMS
COTTON ALLOTMENT PS-AN
CONDITIONS AND BENEFITS
1. Approximately 13 millrtn
belt's of American cotton will be
carried over from the present con
sumption year itito next year's mar
ket.
2. Pritpccta for 1933 and 1934
arc a 15-million bale crop.
3. This would place on the mar
ket a two-year supply.
4. The cotton trade is not ex-
pe.-tinc mere than 7c per pound for
the 1933 and '34 crop under these
conditions.
5. The full schedule of payments
worked cut by Secretary Wallace for
cotton acreage reduction under the
two alternative plana which will be
made available to growers follow*.
Schedule of payments with options
<n government cotton at 6c a pound:
First figures—Yield per acre in
pound ; second figures—benefit pay
ment nor acre with option:
100 124 r 6.00; 126-149 $7.00;
150-174 *8.00: 175-224 *10.00;
225-274 *11.00: 275 and over
*12.00.
In all of these cases the amount
of cotton on which the grower will
be entitled to obtain an option will
be equal to the yield cf the land he
retires from production.
The yield of his land will be deter
mined on the basis of past produc
tion of the land and the appearance
of his crop this year and its gen
eral condition.
The plan for provding for cash
benefits without options calls for!
these payments.
Yield per acre; payment per
without option:
100-124 pounds *7.00; 125-149
*9.00; 160-174 *11.00; 175-224
*14.00; 225-274 *17.00; 275 and
over *20.
A farmer with 10 acres of cotton
would plough up 30 per cent or 3
acres of hfe cotton. If his yield i«
200 lbs. of lint per acre, his cash
rental without the option would be
*14 per acre or *42 for 3 acres. If
he chose to take the option also he
would get *10 per acre cash rental
or *30 for the 3 acres, and an option
on 600 lbs. of cotton at 6c per
pound.
If the production on the remaining
7 acres is 200 lb:, of lint per acre
or a total of 1,400 Vbs. and sells for
10c per lb. it would bring $140 plus-
*42 rental or a total of *1.82 fer
ten acres. If the price should go to
12c, which is the goal of the Gov
ernment, the 1,400 lbs. of lint would
bring *168 plus *42 rental, or a total
of *210. With the option the 10
acres would bring *140 plus *30
rental cf *170. If the price goes to
10c there would be a profit of 4c per
lb. on the 600 lbs. of cotton de
stroyed which would be *24 or a total
of *194 for the 10 acres. If the price
should go to 12c profit frrm the
option would bo Co per lb. or *36
•whch would give *206 for 10 acres
•of cotton.
If the cotton plan is not put into i
effect and the yield is 2,000 lbs. of
lint on 10 acres it would not bring
more than 7c per lb. or a total of
*140 for the 10 acres. This would
be *12 to *40 less on the 10 acres
than would be received if the cotton
plan is put into effect.
6. A campaign will be started
June 26 to determine whether or
not the farmers prefer this option to
the harvestng of their full crop this
fall.
7. Past history has shown that
the change in production of a mil
lion bales, of cotton changes the
price approximately a cent per
pound.
8. If a 16 million bale crep of I
cotton would bring about 7 per '
pound this fall, or *35 per bale or i
a total of *500.000.000 or less, then 1
a 12 ‘million hale crop should bring j
about 10c per pound or *50 per bale
cr a total of *600.000,000.
9. The value to the farmer j
who eliminates for and in considera
tion of beneft payments would be
able to secure now approxmately j
what is considered the value of cot
ton wculd be nt harvest and some
increase as a result of this destruc
tion in the remainder of the crop
he produces.
10. Of course nobody will know
what a 15 million bale crop would
sell for unless we actually produce
and market a 15 million bale crop.
Neither wculd anybody know what
a 12 million bale crop would sell for
unless we actually produce and mar
ket 12 million kales. But it is reason
able to assume that a 15 million bale
crop vi 11 sell for two or three cents
less per pound than a 12 million bale.
Crop. This is proved by the history
of the cotton market following the
August 8 condition report cf 1992.
.When this report indicated 11,300.-
000 bales, the cotton market rapidly
ro*.> from 5c to 8c per pound. Whin
later, the estimates increased the
crop and the final production was
13,000.000 bales, it is common
knowledge that cottm sold for 6c
per pound or a total of *390,000,-
000, or *100,000,000 less- than a
11,000,000 bale crop would have
sold for.
11. The present cotton market of
course is the result of approximately
20 per cent devaluaticn of the dol
lar together with n sudden spurt in
buying and the consequent specula
tion. IT the dollar drops a.iy lower
and if other business conditions do
not revive, there is little hope in
the minds of anybody of holding the 1
present prices o' cotton in the face
of a prospective yield of 14 or 15
million bales. The general estimate
is that acreage has been increased j
nearly 10 per cent with a consider-;
able inercase in fertilization in the |
eastern part of the belt
In 1932 the total value of the
Georgia cotter, crop was only *29,-
475,000; in l!>31, *46,976.000; in
1930, *88,929,000; and in 1929,
*132,785,000. The total value per
acre of lint and s' d for the same
years was as follow*: 1932, *9.49;
1931. *13.63; 1930, *23.02; 1929,
*32.72. The average, price per pound
was 1932, Gc; 1931, 6c; 1930. 9.61c;
1929. 16.79c.
Mr. J. Hope Tgner, authority on
cot on, says;
“In my opinion, failure to accept,
adopt and c'mpletc this cotton pro
gram means a repetition of just what
the farmers and every line of en
deavor has suffered for the past
four years. Prices of commodities
today are based almost entirely up
on the antic : pated acceptance and
carrying out of the proposed combi
nation program. Failure naturally
will bring price levels back to world
demand based upon world supply of
cotten, of which there is a large sur
plus and to which the present crop
will add a larger surplus without
curtailment. Bank credits will be
restricted to narrow margins and
wages reduced In keeping with the
'<-w prices Of commodities and un
employment prevailing throughout
the land.
“In my judgment, failure to adopt
the proposal would yield every farm
er an average net loss of *8.50 per
acre on all of his crop planted to
cotton and further privations of the
needs of his family, as against a
yield of *6 to *8 per acre covering
•he gross cost to date on abandoned
sem plus a profit of *5 to *7 per
acre abandoned from the sale .
cotton obtained from the govern
ment, and the total yield from the
abandoned cultivated and fertilized
acre- in crops for the home and
fan., use, tegether with the profit
of $10 to *15 per acre from the re
maining 75 per cent oi his crop as
a result of better prices obtained.
“I am of the opinion that the
fanner who plays the trick of letting
the other fellow cut will profit least]
if the propcsal is effected and he,
will suffer most if the proposal does I
not become effective.
"The cost of production depends;
mainly upon the yield per acre. The;
average yield per acre is one-third
of a bale of 165 pounds of lint and
325 poundr of seed, the average
value of which for the past two years
is approximately 0c per pound for
lint and 1-2 cent per pound for s.?ed,
or a total of Si 1.50 per acre gross.
The average cost of production per
acre, including labor, fertilizer, seed,
picking, ginning, bagging and ties—
marketing, mule and land rent and
incidentals fer implements and re
pairs, amount to a minimum of *20
per acre or a loss of $8.60 per acre
This loss applied to approximately
40,000,000 acres planted to cotton,
would amount to *340,000,000."
HAVE YOUR TIN AND SHEET
METAL WORK DONE NOW. j
Old Ice Boxes ReKned. We also
paint tin roofs. Satisfaction onr
motto.
BRADLEY’S TIN SHOP
109 1-2 Hancock St. MilladgaTilte, Ga
APARTMENT FOR RENT—Two
large rooms and larga kitchen. All
coavcniencaa. Phone 444-L.
THE
Green Frog
Sandwich Shop
PHONE 74
We Delhrer Anywhere in the City
Nagging Pains
n warning Signals
TEMPORARY pain relief remedies
may save you much suffering at
the moment, but putting a ma-k
over a warning signal docs not
clear up the condition It was tell
ing you to nvold.
When periodic pains, due to a
weak, run-down condition, dis
tress you, treatment for the causo
of the trouble should be started
without delay.-
Take Cardut to build up against
the nagging symptoms of ordinary
womanly r.IImonts. It has been In
use for over SO years. So many
women praise CARDUI, It must bo
good lo have the widespread use that
It has today. Sold at drug stores.
A Complete Drug Store Service
SKILLED PRESCRIPTION WORK
Binford’s Apothecary
“JUST A GOOD DRUG STORE”
Phone 57
BUTTER 25c. lb.
CHURNED FRESH DAILY
Quick Bicycle Delivery Anywhere in the City.'Just Call Us.
PHONE 83
Montgomery’s Milk Depot.
We are Ready to Take Care of ALL your Dairy Needs this
Summer. Call for Eggs, Cream, Milk, Chickens, Butter
Start Saving
TODAY
The entire facilities of this
strong bank are at your
command to aid you in
this important step, which
is the beginning of your
financial independence.
NO ACCOUNT TOO
LARGE—NONE TOO
SMALL
Forty-four Years of Service to The People of This Section
Merchants & Farmers Bank
CAPITAL
$80,000.00
SURPLUS
$80,000.00
Warning!!
To Every Flour User in Baldwin and
surrounding counties:—
Flour Prices Will Advance Materially on July lOthJ
When A Government Tax Will Be Added to Every Bar
ren and in Addition Wheat Prices are Advancing Daily.
We Have Bought A Car Load at Right Prices and We
are Giving You The Chance to Get Your Supply Before
Prices Go Up—and at The Extreme Low Prices We are
Asking—Don’t Wait and Get Caught Out—Buy Now
at These Low Prices—You Will Never Buy Flour This
Cheap Again.
Snow White or U S Flour
24'lb. bag Plain or S R 70c
Barrell $5.40
Dixie Cream or Rising Sun
24'lb. bag Plain or S R 85c
Barrell $6.40
My-T-Pure or Flo Rosa
24*lb. bag Plain or S R 95c
Baarell $7.50
75-lbs. Brand and Shorts
50 bars Octagon powder
$1.15
95C
25-lbs. Dixie Crystal Sugar
$1.25
45-Ib. can Jewell Compound
$3.35
2-bu. Corn Meal
$1.75
100-lbs. Best Scratch Feed
$1.85
Other prices on Staple and Fancy
in Proportion
Groceries
Phone 401
We Deliver or bring in your order
Purchase & Sale Co.
GROCERY DEPARTMENT