, MORE COTTON SENT
CZECHOSLOVAKIA
Southern Farmers Ship ">.000
Bales?Larger Lots to Be
Forwarded Kegularly.
With their first shipment of 5.000
bales of low grade cotton well through
the mills of Czerho-Slovalfla and most
of it already manufactured into print
cloth, a group of Southern farmers who
took the bull by the horns when cotton
slumped and-organized their own export
association announced yesterday that
the second sb'pment of 0,000 bales to
Czecho-Slov?l<ia had just cleared Gulf
port, from which the first one
was and tiiat additional shipments
wouu be sent to that country at the
r?*e of 10.0^)0 bales of low grade cotton
a month. ?,
A. M. Friend, president of the Bleeeker
Export and Trading Company, is the
New York representative of the Missis
sippi Delta Export and Trading Com
pany, which is the name chosen by the
farmers who desired to sell their low
grade cotton abroad and who formed
the >600,000 corporation of that name
soon after the wave of liquidation struck
the cotton market. Mr. Friend said
yesterday that the company's export
machinery was working smoothly and
that cotton was being put into mills
which for more than five years have
been idle, due to the Inability to get
the raw materials.
The first step of the farmers who !
found themselves with a great amount of !
low grade cotton on hand which they |
could not sell except for eaerifice prices j
in this country was to finance the ]
solieme through the Federal Foreign
Rank Corporation of New York and the 1
International Banking Corporation of
New Orleans. The corporation under- j
took just one thing;?to ship, insure and j
get the cotton to its destination as
agents for tho farmers.
