Goldsboro semi-weekly argus., 1909-06-12
WEATHER RAISES
CROP PROSPECTS
Experts Predict That This
Seasons Crop Will
Equal Last Years.
Staple BRINGS GOOD PRICE
Less Acreage This Year-AH Cstttl
is Now Sold Final Analysis
VIII be Recksaad BY
We itheF.

oOICON3 az CIIo oCdoou, - q CIOP
.bout which spectators, on the bull
+ the bea1 side either, profess much
,nowledge, but the condition, in it's
inal analysis, is one that has to reck-
IN with weather, with rainy Of dry
spells, with heat and cold, with plant
ing and replanting, and with acreage.
Spot cotton is getting to be a
commodity In this section, and what
is sold is getting the top mitch figure
of from 10 3-4 to IL cents. At this
eigh not over 200 bales, While a year
ago at this time there were over 1,50G
bales, and besides this, there were big
holdings by farmers. All the cotton is
now practically sold, and hence the
II cents a pound has very little in it
fort the farmers. 1t is said that all in
this section will be needed by the
home mills at prices from 10 ga to l.
cents,
Men who study cotton conditions
say that they look for a crop this
year about the same as last year,
when it was about fourteen million
bales. In Wake county last years
crop touched $1,000 bales, and this
year it is expected to be about the
same. h crop Is now about ten
days late because of the cold and the
heavy rains when cotton was first
planted, the conditions then having
been such that some of the cotton
ever terminated and never broke
through the crust, and in some places
the stands are very poor There has
been a good deal of replanting, but
some farmers were without the seed
to do this, while some did not care
to do so. Despite this the fine, warm
weather of the last ten days has been
such as to bring out the cotton, and
It's catching up on the ten days OF
bad weather.
What the future will bring forth is
of course a problem and there are
varying and conflicting reports from
various sections. The government re-
port OF June 4, telling of conditions
up to May 25, could not, of course,
have in it the results of backward
conditions which came from May 25
to June 4, in which time there wa
material damage done in the Soutl.
Atlantic States, in Alabama and in
Mississippi.
The reports that reach Raleigh are
that there is less acreage in Wake
county in cotton than there was last
year, but with conditions now Two or
three points above the same time last
ynar and acreage three or fou points
below, the results of last year are to
be expected, especially as it is said
that NOR fertilizer is being used, and
that better methods are being en-
ployd. If the present good weather
for cotton continues, it is practically
certain that the yield will equal that
Of last year.
Concerning the quotations in the fu-
lure market, it is said that h gov.
eminent report as to acreage of 4 Al
per cent. decrease was about as ex
pected, but the condition of 81 lit
per cent. was larger than expected
This report, however, has not weak
ened the market as the weather sine
May 25, when it was issued, has beer
very unfavorable in several impOrtan
cotton producing states. In a lette.
issued by one of the cotton firms O
the State, there occurs the following
1.-THE main reason, probably, for n
decline is found in the general belle
that a period of prosperity is aheaI
and that the consumption of cotton
going to be large and a big crop i
needed; and therefore present price
are not much too high even if tn
crop prospects should improve. Tn
situation seems to be that of no sui
stantial break is likely unless we d
have a spell of very favorable weathe'
On the other hand a continuation
bad weather will stimulate speculs
ton and cause higher prices. June
usually a month of sunshine n flow
ers and according to the calendar tn
weather should be favorable; there
fore some decline should not be SUI
prising."
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