The Oklahoma Cotton Grower (Oklahoma City, Okla.), Vol. 15, No. 1, Ed. 1 Saturday, September 15, 1934 Page: 1 of 4
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Co-operative Marketing is this only
system which guarantees to the pro-
ducor the full market value of his
crop It pools the producta Into even
running iota and returns to the
rrower the entire amount for which
the products are sold less the actual
cost of getting them to the factory
Vol XV
Visitor
E F Creekmore general man-
ager of the American Cotton Co-
operative Association conferred
with the manager and Board of
Directors of the Oklahoma Cotton
Growers Association in headquar-
ters of the Association in Okla-
homa City September 19
Mr Creekmore was very opti-
mistic over arrangements which
the cotton co-operatives have
made to render service to cotton
r producers this year and stated
that the success of this year's bus-
iness and the result of the ef-
forts of the cotton co-operatives
in making it Fessible for the farm-
ers to receive these benefits and
the benefits of the government's
loan would depend upon the sup-
port the farmers give their or-
ganizations Mr Creekmore gives a very
clear analysis of the government's
12-cent loan under the heading
"Creekmore Manager of ACCA
Discusses 12-Cent Loan" appear-
ing on this page of the Grower
Local Receivers
The list of local receivers and
-
their location appears in this issue
of the Grower These receivers
have supplies and can receive and
take care of cotton for producers
whether it is to be put in our
Fixation Call or Valua-
tion Pool or whether it is to be
- put in the government's 12-cent
loan
— This list of receivers may not be
quite complete as only those
whose contracts have reached the
office are listed but by the time
this issue of the Grower reaches
the members there will be a local
A
receiver with full authority and
supplies for handling cotton at
every shipping point in the state
GINNING RATE
IS INCREASED
50 PER CENT
An increase of approximately 50
per cent of the cotton ginning rate
for this year was decided upon by
the state Corporation Commission
September 7 The reason given
was the extremely short crop
Rates will be 30 cents a hundred
for pick cotton and 35 cents a
hundred for snaps or bullies com-
pared with a rate of 20 cents for
pick cotton and 22 1-2 cents for
snaps MB lyear
Allowance for bagging was in-
creased to $100 for sugar bagging
and $125 for pipe against 90
cents and $100 last year
CUT-OFF DATE FOR SEED
4 WHEAT LOANS EXTENDED
Farmers in the drought areas
will have until October 15 to make
application for loans for the Fur
chase of winter seed wheat rye
or barley or for summer fallow-
ing Or both according to an an-
nouncement made recently by the
Farm Credit Administration The
cut-off date was previously !get for
September 15
The loans for the purchase of
winter wheat etc and for summer
fallowing are being made in both
the primary and secondary drouth
areas and disbursed from the
$40000000 crop loan appropria-
tion of 1934 This fund is also
being used in the secondary areas
to make feed loans applicatna
for which will be accepted until
January 1 1935 as previously an-
nounced Applicationa for the loans should
be made to the local county crop
and feed loan committees now op-
erating through the drought
areas
Farmers may use their drouth
emergency feed loans to hire ma-
chinery to cut or to pay for cut-
ting forage crops the Farm Cred-
it administration has notified E
w
E Scholl acting director of exten-
sion and state drouth relief director
A tasteless odorless rubber
from which unbreakable dishes
may be made in any color has
been perfected lyy an American
rubber company
The Oklahoma Cotton Grower
GOVERNMENT 12-CT LOAN MADE THROUGH OCGA
STATE TO GET
BIG FEDERAL
FARM PAYMENTS
Oklahoma will receive $39767-
000 in rentals and benefits to pro-
ducers co-operating in the 1933
1934 and 1035 adjustment pro-
grams for wheat cotton corn and
hogs E E Scholl acting director
of extension Oklahoma A and M
college said recently
The figure was derived from a
state-by-state tabulation of the
$779402000 that it is estimated
will be paid to all states Scholl
said
Oklahoma's share is made up of
$11730000 paid in the 1933 plow-
up cotton program and $8741000
In the 1934 cotton program total-
in $20471000 in cotton payments
$6880000 in the 1933-34 wheat
program and $7118000 in the
1934-35 program totaling $13-
998000 in wheat payments and
$1213620 in COM benefits and
$4085000 in bog benefits
Already received are $13162456
In cotton payments and $4805848
in wheat payments Corn-hog
checks also are being distributed
in scattered counties
Most recent compiliation of pay-
ments on the second 1933 instal-
ment of 9 cents a bushel less lo-
cal costs of wheat money shows
that Oklahoma is among the first
11 states to receive these pay-
ments with 955 checks totaling
$4163565 Scholl said
Wheat acreage reduction next
year will be 10 per cent from the
base acreage instead of 15 with
farmers getting the same adjust-
ments as last year
Notice Please!
All You Holders of Call
Pool Cotton Read
This Article
The management of the Okla:
home Cotton Growers Association
announces that all October con-
tracts and Call pool cotton held
by members on which this office
does not receive a request to fix
or transfer to some designated
month before the close of business
Monday September 24 1934 will
be transferred to March 11)35 with
the Association's regular transfer
charges
If you have cotton on call for
October and want it fixed or you
desire to use some other nionth
than March you should wire the
Oklahoma Cotton Growers Associ-
ation Oklahoma City your de-
sires before the close of business
September 24
Deadline For Feed Loan
Applications Extended
The Farm Credit Administration
announced recently that the time
for receiving applications for loans
for feed for farm livestock In the
secondary drought areas has been
extended to the close of business
December 31 1934 The cut-off
date was previously set for Sep-
tember 15 1934
The announcement that the
feeding loans In the secondary
areas will be extended beyond thel
1
time of pasture also states that
the not e51dencing such loans
hereafter will be drawn to mature
November 1 1935 thus corre-
sponding to the maturity date of
tbe feed and forage loans in the
primary emergency drought areas
The maturity date on feed loans 1
in the secondary drought areas
previously was October 31 1934
The statement points out that
the emergency feed and forage
loans in the drought areas are ad-
vanced from appropriated funds
through the emergency crop and
feed loan offices and are not dis-
bursed through the regular 'inane-
ing institutions under the Farm
Credit Administration The feed
loans In the primary drought areas
are being made from a part of the
$525000000 drought relief appro-
priation approved June 19 1934
and the feed loans in the second-
ary areas from the $40000000
crop loan fund approved February
23 1934
!
Published by and for The
Oklahoma Cotton Growers' Association
Creekmore Manager of ACCA
Discusses 12-Cent Cotton Loan
THE twelve cent loan recently announced by the Commod-
ity Credit Corporation while primarily directed to the
1934 crop in reality applies to three classes of cotton By
this I mean first the cotton still held by farmers in the
Option pool as a result of the 1933 plow-up
Lo campaign second cotton on which the ten
cent loan was made last season third and
c
qv last cotton produced or acquired this seas-
on under the 1934-33 crop reduction con-
tracts I shall take each form of loan up
' t 1 I in order mentioned
k
On the 1933 cotton producers pool or
I-212 : -'' :: option contracts resulting from the plow-up
campaign an advance of $2000 per bale was made by the
Agricultural Adjustment Administration on these certifi-
cates during the past season An advance of $1000 per
bales less carrying charges now amounting to $240 or a net
additional advance of $760 will be made to present holders
of certificates
OKLAHOMA CITY OKLA: SEPTEMBER 15 1934
Carrying Charges Fixed
Carrying charges on this pool are fixed at six points
monthly therefore if the loan is made in October tila de-
ductions will be $270 and a like reduction for each succeed-
ing month
Certificate holders are now given the right to fix the
price and receive a settlement in full at any time in their
discretion
On cotton on which the ten cent loan was made by CCC
last season and which has not yet been sold an additional
revenue advance of two cents per pound less carrying
charges to date will be made on this cotton by the CCC
It is estimated the average carrying charges storage insur
ance and interest on the ten cent loan cotton will amount
to approximately $400 per bale This would mean a net
advance at this time to our members who now have ten
cent loan cotton on hand of approximaely $600 per bale
On cotton produced or acquired this season or previous
seasons as landowner landlord or tenant provided the 1934-
35 acreage reduction agreement with the secretary of agri-
culture has been signed twelve cents will be loaned by gov-
ernment licensed classers on low middling or better in grade
with seven-eighths inch staple and better Eleven cents will
be loaned on low middling or better grade with staple under
seven-eighths inch
Holders of the option contract certificates can receive
if they elect to sell October quotations less forty-eight points
carrying charge less twenty points commission With Octoa
ber New York contracts closing tonight at twelve sixty two
the net sale price would be i:leven ninety four less the ten
cents per pound or $970 per bale This amount Ivill fluct-
uate from day to day as the market itself fluctuates
IThey have however the option of obtaining an addition-
' al advance at this time of $760 per bale regardless of the
fluctuations of the market and to maintain their interest
in the cotton which will give them the advantage of any in-
crease in the market Considering the net to be derived
from a straight out sale as compared with the additional ad-
vance which is offered the difference amounting to $210
per bale based on the market close of today I believe it la
to the interest of our members to take the advance rather
than to sell their certificates at this time
Those members who feel for reasons best known to
themselves they prefer selling their certificates rather than
take advantage of the loan can immediately avail themselves
of the sale value of sixty eight points off October by getting
in touch with their association or its dossers or receiving
agents
Washington advises the loan of $760 should be avail-
able within the next ten days
Additional Loan Due
Members who place their cotton in the ten cent loan
and who have not previously sold their cotton and paid the
loan will receive an additional loan of approximately $600
per bale net This is based on an estimate of carrying'
charges amounting to date to $400 per bale It is believed
advisable for the member to take advantage of this loan
rather than to sell his cotton at this time
With the twelve cent loan on low middling seven-eighths1
inch staple and better available to members who have signed
the acreage reduction agreement and eleven cents on low
middling and better with staple under seven-eighths inch
consideration should be given to the difference between the
sales value and the loan value A great majority of co-
operative members should be able to take the risk of obtain-
ing a higher price at the small difference between the present
sales value of their cotton and the loan value
In considering the advisability of taking advantage of
the loan or of selling the cotton our members should con-
sider that the administration is pledged sooner or later to
prewar parity prices which under present conditions is ap-
proximately fifteen cents per pound It is possible as was
announced last year by President Roosevelt that it may take
several years to obtain the goal of prewar parity prices
It must be remembered that in the plow-up compaigm of
1933 options were given to members participating in the
campaign to purchase an approximate amount of cotton
equal to the amount destroyed at six cents pet' pound
$'ZO Per Rale Made
Through the activities of the cooperatives an advance
on these options of $2000 per bale was made last season
Again this year an advance of $1000 per bale less the carry-
ing charges is being made on these options after a campaign
of two months by the cooperatives who advocated a loan of
fifteen cents per pound On cotton carried over in the ten
cent loan last year the loan has been extended to July 31
1935 and an additional advance of $1000 per bale will be
made less carrying charges to dates This together with
the twelve cent loan on this seasons cotton should be to ow:
members a fair illustration of the desire of the administra-
tion to do all in their power for the cotton producers
1 believe cooperative members have a real reason to be
proud of their organizations throughout the south Their
unquestionable and concerted efforts have been of material
aid in obtaining these advances for the cotton producers !
hroughout the south
E F CREEKMORE 1
STATE COTTON
CROP RAPIDLY
DETERIORATING
Condition Is Lowest Ever
Reported Since Records
Were Begun
-
The September 1 condition of
Oklahoma cotton was reported at
29 per cent of normal the lowest
condition ever reported for cotton
since records were begun and a
decline of 13 points during Aug-
ust The indicated yield is 80
pounds per acre and the produc-
tion is forecast at 424000 bales
The indicated yield is the lowest
in the history of the State and the
forecast production is for the
smallest crop since 1903
During the first three weeks of
August cotton continued the rap-
id deterioration which began about
June 21 The shedding of blooms
squares and small bolls continued
at a rapid rate: cotton plants ex-
cept on sandy loam soils made
only from one-third to one-half
their normal growth and a large
percentage of immature bolls
opened before reaching half the
size of normal bolls 1
The rains of late plants to make
second growth and the cooler
weather has halted temporarily'
the opening of immature bolts
Where the drouth had not dried
out the bolls beyond recovery
there will be a further growth of
small uoopen bolls especially on
bottom lands and on sandy loam
soils where deterioration from
drought was less severe Since the
rains cotton has begun blooming
again
There is a possibility that these !
late blooms may grow to mature
bolls if there is an abundance of
hot weather nights are warm and
frosts are late In the eastern
third of the State boll weevils are
still plentiful and will be a factor
which will greatly influence the
development of the late crop
Ginnings prior to September 1
follows: South Carolina 5000
Georgia 126000 Florida 7000
Missouri 8000 Alabama ris000
Mississippi 82000 Louisiana
94000 Texas 936000 OKLA-
HOMA 14000 Arkansas 59000
Arizona 6000 Other States 3000
United States States 1398000 I homa Cotton Growers Association
bales
in Greer
The following table shows the County
production of the 1933 crop by Tbe land upon which the class-
inrr office and assembly room is
states and the government 'a esti-
mated production as of September
4 for the year 1931
State Production (Gunning)
1931 Crop
Indicated
1933 crop Sept 1
Va 37000 38000
N C 681000 650000
Va
N C
S C
Ca
Fla
Mo
Tenn
Ala
Miss
La
Tex
OKLA
Ark
N Mex
Ariz
Al! Other
U
735000
1105000
28000
253000
443000
OG9000
1159000
477000
4428000
1266000
1041000
94000
96000
217000
15000
13047000
703000
933000
23000
175000
355000
9115000
1039000
436000
-300(1
424000
711000
77000
J04000
218000
32000
9252000
Loans Retroactive
In announcing the 12-cent gov-
ernment loan the Department at
Waslungton also anounced that
the 12 cents a pound which the
cotton producers could borrow on
their 1934 cotton was retroactive
relative to 10-cent loans made last
season
Any farmers vho has unfixed
10-cent government loan cotton
can borrow the difference between
the 10 cents a pound plus the car-
rying charges and 12 cents This
will give these holders of 10-cent
cotton who wish to take advantage
of the government 12-cent loan
approximately $000 a bale
The government added 100000
workers to the pay roll in the last
year not counting the unemploy
L1
FIRST WEEKLY
COTTON REPORT
FOR THE STATE
The first estimate showing the
percentage of each grade and
staple of cotton ginned so far this
season in the State of Oklahoma
was issued by the Bureau of Agri-
cultural Economics in Dallas at
11:00 o'clock a in on Saturday
September 13 1934 This report
was based on the actual classifica-
tion of samples furnished by se-
lected representative gins dis-
tributed over all cotton producing
counties and soil districts in the
state
This release shows for Okla-
homa as a whole that 25 per cent
of all cotton classed was shorter
than inch This compares with
12 per cent last year
About 57 per cent of the produc-
tion was lig inch 17 per cent 15-16
Inch and only 2 or cent 1 inch
and longer most of which was
ginned in the sandy belts During
the corresponding period last year
45 per cent was 1 inch and longer
The largest percentage of very
short cotton was ginned in the red
lands and plains of western Okla-
homa where approximately 53 per
cent of all samples classed were
shorter than the shortest tender-
able length of 74 inch In this dis-
trict there was no cotton ginned
which was classed longer than
31-32 inch District 5 in the
southern part of the state pro-
duced about 21 per cent shorter
than 74 inch and Districts 3 and
4 less than 1 per cent shorter
The total amount of tenderable
cotton to date is- about 73 per
cent as compared with 88 per
cent at this time last season
As far as grades are concerned
about 80 per cent of all samples
classed to September 13t1i were
middling and better c1 three-
fourths of this amount was on the
extra white standards
I CELEBRATION! I
Greer County Cotton Growers
Association members will celebrite
the opening of a new classing of-
fice and aisernbly room at Man-
guin September 27 700 p
A program of speeches winding
up with coffee and sandwiches
will feature the occasion of the
dedication of the efforts of the
interprising members of the Okla
mg wilco Kau ammrunity :
situated was donated by the MEM- I
gum Chamber of Commerce
The editor of the Grower was
asked to extend an invitation to 1
I all members who can al tend in he-
half of the committee
LOANS ON YOUNG SHE
STOCK TO BE MADE
--
Beginning November 1 1934
farmers and stockment in the pri-
mary drought areas may get teed
loan allowances for this year s
heifer calves ewe lambs and fe-
male kids in addition to the al-
lowances being nyide for maim e
stock according le) a stiternerit
made September 11 by George
Stisens of the emergency crop rind
feed loan section Yarn) Credit
Administration
Mr Susens said that feed loan
allowances will be mrAe only on
such stock which are ridained pri-
marily for breeding purpt Fes tie!
in no event will allwnrrs
made to feed a larger rionl'cr of
young and mature sioek in their
respetive classes than the num-
ber of mature breeding stock
which were owned and 1fssel
by the borrower on April 1 1934
or on sheep owned within six
months prior to that da!e
Thf- emergency feed loans which
are being advanced in the primary
drought areas are ibsbured from
the drought relief apprepriathei
approved June 19 1931 and ma lel
in monthly allowances Applica
thins are received by the local
crop and feed loan cotnmittee op-1
erating in counties throughout the
drought area agun early in
July to date more than 134000
of such loans and supplemental
advances have been made for (iv
er $100000011
ed the farmers and others who -
!
got money ro a rio us reItel ex- One-third of the farru n tn
penditures I United States grow cotton
Farmers Who Took Advan-
tage of 10c Loan Made
From $10 to $15 a Bale
FOUR ROUTES ARE OPEN
Liberal Advances to Be
Made As Soon As Cotton
Is Delivered
The Oklahoma Cotton
Growers Association has ar-
ranged to handle the govern-
ment 12-cent loan cotton for
all farmers la Oklahoma who
are eligible and who wish to
take advantage of the liberal
offer Full protection on
grade and staple is offered
and weight guaranteed on
every bale
The cotton co-operatives
are responsible for the 12-
cent loan just as they were
for the 8-cent and 9-cent po-
tential credit on seed loans
when cotton was selling for
from two to three cents per
pound less
The farmers who prefer the
Association's Call or Valuation
pool to the 12-cent loan or those
who have cotton which is not
eligible for the 12-cent loan are
privileged to use either of these
pools or they can deliver it to the
Immediate Fixation Pool and re-
ceive full settlement as soon as
the cotton reaches the compress:
Liberal Advances
Liberal advances will be made
by the local receivers at all ship-
ping points just as soon as the
cotton is delivered and full ad-
vance or settlements will be made
immediately after the cotton is
weighed at the compress and is
classed
Every effort possible is being
Put forth to render quick and effi-
cient service to all cotton formers
in the state who wish to patron-
ize the regular pools of the AS8O
dation or who desire to take ad-
vantage of the government's 12-
cent loan
The 10-eent loan last year was
the result of the efforts of the
cotton vo-operatives just as the
I 2-cent loan is this season
One-Way Contract
The 12-cent Joan is simply a
one-way contract in which the
producer borrows 12 cents per
pound with the assurance that
when the cotton is sold he will re-
ceive all net gsins in price above
the 12 cents borrowed and if the
price of coaon should decline no
charge will be made against the
borrower
Any cotton grading low midd-
ling or better with a staple of
seven-eighths inch or longer is
ells-rile for the 12 cent loan Cot-
ton grading low midang or bet-
ter with a staple less than seven-
eights inch is eligible for 11 cents
a pound loan
The only rcstrictions are that
the citton must be in the hands
of the original producer and that
the prodiecr hits signed the 1931-
34 cotton acreage control contract
The Association's regular pools
are the same as Were operated
last year anil b re open to any
I And ail cid bat owered by members
of the A iisociation er those who
are eligible for membership
charge
A salistantial advance is made
on the OW pool and tbe prodwasir
iileged to ihsignate any
hire t railing triontb in which he
ilesirea his col ton placed No
Htorage insurame or interest is
charg01 on Cau p01 cotton Cali
pool participants have until the
hist call day t) fix Ma cotton or
have it transferred to some future
trading month
The Valuation pool is one in
vehich the As$i iation is author-
ized to merchandise the cotton an
It deems best Participants in this
pool are credited with the full
value ot their cotton based on
grade and staple at the time they
' deliver it and P t the end of the
season share on a poundage basis
any profits made Liberal ad
vances are made on both the Cali
land Valuation Pool cotton at time I
of delivery at points other than
i compress points Full advances
No 1
Many Advantages Seen
In New Federal Loan
are made as Boon as the cotton
is weighed and classed at the
compress
Outright Sale
Immediate Fixation is an out
right FILIO at time of classing Any
cotton member delivering to the
Immediate Fixation pool will re-
ceive a liberal advance at the
time it is delivered if it is de-
livered at a point other than com-
press Full settlement will be
made as soon as cotton is weighed
and classed
No farmer ahould dispose of his
cotton before he bee fully ac
quainted himself with the probe
tion and service the Oklahoma Cot-
ton Growera Association offers
Local receivers and element are
fully equipped to render service to
any cotton producer regardless of
the manner in which he wishes to
have his cotton banditti:I
The management of the Okla-
homa Cotton Growers Association
feel that this organization is in
the best position this year to ren-
der service to the cottor farmers
than it hag ever been The man-
ager and directors of the ABSOCi
ation fully appreciate the fact
that the state is faced with the
shortest crop in years and that
cotton farmers are going to need
every dollar they can possibly get
out of this crop
RAINS BENEFIT
COTTON CROP
OF OKLAHOMA
General rains beginning about
August tt:':hvve visited practically
all the cotton belt Just how
much benefit the rains will prove
to be to the cotton crop depends
abnost entirely on insect damage
and the date of the first killing
frost
Boll weevils are rather active
in the previously infested territory
and much damage is being done
now by the leaf and army worms
Should the latter insects extend
their ravages Into the southwest-
ern section of the cotton belt the
top crop which has been promised
would be reduced just to the ex-
tent that these worms operate
cotton which has only matured
fruit on it is not likely to be
damaged to any considerable ex-
tent by the leaf or nmy wornis
hut where the top crop hits formed
the worms are working on the
young fruit and in many fields
have almost completely destroyed
any prospects of a top crop
The average date for the first
killing frost in Oklahoma is No-
vember 4 a fair top crop of cot-
ton can be made in much of the
southwestern belt provided there
is no insect damage Most farm-
ers are rushing the gathering of
cotton which was opened before
the rains started
Although the staple is short it
Is of much better character and
even of better length than was
anticipated Some of the farm-
ers were slow in getting their in-
terim certificates which slackened
the movement of the crop
The Association receipts to date
are very good but have been
slowed down some on account of
the 12-cent loan which the gov-
ernment is offering not having
been completed A considerable
arneunt of the 12-cent loan cot-
ton is TOW being offered through
the facilities of the Oklahoma
t7otton Growers Association
GRASS CAME THROUGH
DR3UTH IN GOOD SHAPE
--
Da Ills grass and lespecleza in
grass Mmontrations in Oklahoma
-
Lounty earn e through the drouth
in good shape and began growing
rapidly after the late Augis
September rains reperts A T
Burge county agent after an in-
spection trip Lespedeza 'as re
seeded itself in every ease and
Barge is confident Dallis and les-
' pedeza will find a place on Okla-
homa county farms Orchard
grass survived about 50 per cent
'rhe :erow w ho has a r:ght to
1:(oast (toes not have to boat
it
us
win° OUR PART
iteAsorts
Ala 619 ice
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Denton, H. J. The Oklahoma Cotton Grower (Oklahoma City, Okla.), Vol. 15, No. 1, Ed. 1 Saturday, September 15, 1934, newspaper, September 15, 1934; Oklahoma City, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc2093887/m1/1/: accessed June 30, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.