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VOL. 110 | NO. 176 | Wednesday, September 11, 1996

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lj 10/5 cates Cotton Council fall meeting convenes today By LAURIE JOHNSON The Daily News U.S. cotton industry issues ranging from world cotton competitiveness to eradicating the boll weevil will be the focus of a series of cotton industry meetings beginning today in Memphis. More than 200 cotton industry professionals are expected to meet at the Peabody Hotel and the Ridgeway Inn for the fall board meeting of the National Cotton Council of America, scheduled to continue through Thursday afternoon. The fall board meeting, which is held every September in Memphis, is expected to add $50,000 in out-of-town tourist dollars to the citys coffers, conference organizers said. Memphis is scheduled to be the site of the NCCs annual meeting in 1999, an event which is expected to draw an attendance of about 1,500. The NCC, formed in 1938 and headquartered in Memphis, represents the cotton industrys entire chain of distribution, from farmer to textile manufacturer. Seven segments of the industry, including producers, ginners, merchants, warehousemen, crushers, cooperatives and manufacturers, are represented in the NCC. The NCC employs about 95 people, 60 of which are located in the Memphis headquarters office. The Council manages a program totaling $35 million annually, including its own budget and that of its foundations and international affiliate, Cotton Council International. "The purpose of this meeting will be to review progress made on NCC resolutions that were adopted at the annual meeting regarding policies and programs facing the industry," said T. Cotton Nelson, public relations manager of NCC. The two-day event is one of three yearly meetings sponsored by the Cotton Council, which includes a spring board meeting and an annual meeting held in January. "Rather than go a whole year between annual meetings, we have these interim meetings to make sure were on track," Nelson said. The Producer Steering Committee, which is scheduled to begin today at 1 p.m. in the main ballroom of the Ridgeway Inn, will include a presentation on world cotton competitiveness by Memphis cotton merchant William B. Dunavant Jr. Additional presentations will be made by Georgia manufacturer Stephen Felker; Keth Henley of Cotlook Ltd. of Memphis; Dr. Preston Sasser, senior vice president and managing director of research of Cotton Inc. of Raleigh, N.C.; and Gaylon Booker, NCC Senior vice president. The NCCs board of directors meeting, which begins tomorrow in the Continental Ballroom of the Peabody, will include reports from NCC president Tom W. Smith of Bakersfield, Calif., and Cotton Council International president James Echols, a Memphis cotton merchant. Additional speakers will include Dr. Mark Lange, NCCs director of economic and information services; Dr. Andrew Jordan, NCCs director of technical services; and John Maguire, NCCs vice president of Washington operations. Staff reports also will be presented on NCCs risk management project, as well as an update on development of the councils World Wide Web home page. According to NCC research, more than 61,000 people are employed in the growing, ginning, warehousing, sale and shipment of Memphis Territory Cotton, which is grown in the regions along the Mississippi River extending from southern Missouri to Louisiana. Although the Memphis Territory crop varies in value each year by yield and price, its typical range is between $2.5 and $3 million.
PROPERTY SALES 74 74 17,458
MORTGAGES 93 93 20,128
BUILDING PERMITS 126 126 36,072
BANKRUPTCIES 63 63 11,227