AC ALA COTTON IN CALIFORNIA 31 
a problem in finance which required considerable ability for its 
successful solution. 
That the association did succeed in solving the problem was of 
considerable benefit to other cotton-growing districts, since the asso- 
ciation's stock of planting seed was the best available in commercial 
quantities in the Southwest. This incident demonstrates the value 
of an organized one-variety community in husbanding commercial 
quantities of pure planting seed. 
Several methods had to be employed in order to obtain the funds 
needed to save the seed from the oil mill. A certain amount of 
money could be borrowed on the seed as it was ginned. Part of the 
seed was sacked and shipped to a bonded warehouse, where a 
larger amount of money could be borrowed on it. Growers were 
advised to pay as much of their ginning bills as possible in order to 
relieve the association of part of that strain. The gins also agreed 
to extend the association credit for their members' ginning. How- 
ever, for cotton ginned on credit, the gins felt that they should 
receive the usual $3 a ton profit made by reselling the grower's seed 
to the oil mill. This was in many ways a just demand, since if the 
association members' cotton was ginned on credit and the association 
kept the seed, the gins would receive neither the money for the gin- 
ning nor the seed. It was finally agreed that the gins were to 
receive their $3 a ton profit on the seed for every bale of cotton 
ginned on credit from which the association kept the seed. This 
charge was entered against the accounts of the growers who did not 
pay for their ginning, so that in the final returns growers who had 
paid for their ginning received $3 more per ton for their seed than 
growers who had not paid for their ginning. 
As in previous years, the seed was recleaned and put up in 100- 
pound sacks stenciled with the association brand. 
The wholesale price had been reduced to $90 a ton f. o. b. Coa- 
chella Valley, but for the first time all of the Acala seed saved 
by the association was not sold for planting purposes in other dis- 
tricts. On account of the low oil-mill market, the quantity of seed 
saved was more than double that of 1923, in spite of the financial 
difficulty. Of the 1,168 tons saved, 627 tons were sold for planting 
in other districts. This was a larger quantity of seed than had ever 
before been sold by the association. Though some of this tonnage 
went to New Mexico, most of it went to Arizona as in previous 
years. At 20 pounds to the acre this quantity of seed would plant 
62,700 acres. The remainder of the seed was sold to the oil mills 
after the planting season was over, and although the sale of the 
rogued seed at cost further reduced the returns, the growers finally 
received $40.05 a ton for their seed. This was a very satisfactory 
return, considering the low price the grower would have received 
had he sold his seed to the oil mill as ginned. However, had only 
the seed sold for planting purposes been saved, the grower would 
have received about $60 a ton. The above data are also given in 
Table 4 (p. 41) in comparison with similar data for other years. 
Although the new-stock seed and the original-stock seed, had been 
kept separate, the fact that part of the seed consisted of a new and 
improved stock was not advertised and there was no price differ- 
ential between the two stocks. Ail of the new-stock seed was sold 
