Thank you for visiting SNEWPapers!
Sign up free
Ajo Copper News
Ajo, Pima County, Arizona
What is this article about?
The Maricopa Co. Bankers' Association organizes centralized selling of local cotton, with samples exhibited to buyers and bids handled through banks to replace disorganized distress sales.
Clipping
OCR Quality
Full Text
The Maricopa Co. Bankers' Association has made arrangements for the organized selling of a large portion of the local cotton. Samples of each bale represented in the plan will be taken and exhibited to buyers in one central location. Bids for specific bales will be received from buyers and will be referred to the banks concerned for acceptance or rejection.
Each bank will handle cotton for its own customers. Cotton will be offered for sale only as fast as the market can absorb it.
In this way, organized, collective selling will take the place of disorganized, unguided offering of "distress" cotton.
Every owner of cotton should authorize his bank to include his cotton under this plan. The Bankers' Selling Agency should represent as large a proportion of the crop as possible.
The Agency is not designed to make a profit. A small fee, sufficient to pay necessary expenses, will be charged against the cotton as it is sold.
Ask your bank for particulars.
What sub-type of article is it?
What keywords are associated?
Where did it happen?
Domestic News Details
Primary Location
Maricopa Co.
Outcome
organized collective selling replaces disorganized offering of distress cotton; small fee charged for expenses.
Event Details
The Maricopa Co. Bankers' Association arranges for organized selling of local cotton by exhibiting samples in one central location, receiving bids referred to banks for acceptance or rejection. Each bank handles its customers' cotton, offered as market absorbs it. Owners urged to authorize inclusion; agency represents large crop proportion without profit motive.