Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1909-09-24
OVER SI0O,OOO,OO0
FROM OTTONCROP;
IN GEORGIA ALONE
Harvie Jordan Declares That
Amount Will Be Distributed
From Georgia's Yield Within
Six Months.

Over s1OO,Oo0.00O will be distributed
among the people of Georgia during the
next six months through the marketing
of the cotton crop, thinks Harvie Jordan.
one of the leading cotton men of the
country.
Mr. Jordan is exceedingly optimistic and
declares that the south is now being lift
ed by floodtide of prosperity. He says
in this connection:
cents at interior points and cotton seed
at $40 per ton, the fall season is open
ing with a veritable tidal wave of pros.
perity which will gladden. the hearts OF
Georgia farmers and MAKE rapid the pulse
of general trade in all departments OF
business. At present prices the Georgia
crop of cotton and cotton seed this Sea,
son will distribute over $1OO.OOO.OoO among
the people during the next SIX months. A
bale of cotton weighing 500 pounds and
the seed will now sell for $40 or three
fourths more than the sprice at which
the same products sold one year ago.
The staple is being sold at these prices,
into circulation rapidly finding it's way
into the various avenues of trade
throughout the state. Contrary to past
history the fall movement of the new
crop has shown no depression in prices,
but on the contrary the market appears
to be steadily advancing. This condition
of affairs is due in part to the demand
Of the mills whose stocks were largely
exhausted at the opening of the new sea-
son, and to the tremendous deterioration
OF the crop in the southwestern states
since the first Of June.
THE crop will be shorter in Texas, Ok
lahoma, Arkansas, Louisiana and Mis-
sissippi than elsewhere, while the produc-
ton in all of the eastern states will be
under that of last years yield. Reports
indicate a considerable portion of this
crop was sold during the summer by
growers and supply merchants for for
ward delivery in October and November,
and when these deliveries are made the
origial hedges sold against them will have
to be bought in, and this fact alone will
tend to strengthen and maintain the
market.
II wrote some articles in July which
were published throughout the south, in
which a short yield was predicted. ant
that prices would reach abnormal levels.
l would not be surprised to see prices
very much higher than present levels
sometime during the coming season, and
I base this prediction upon the memorable
laws of supply and demand. made more
positive and definite by a general 'bullish'
sentiment which at the present time per-
vades practically the entire cotton trade
in this country and in Europe.
GRAIN ACREAGE INCREASED.
1.-The acreage in small grain, corn and
hay has been increased this year, and
good crops in those products have been
harvested, which not only strengthens the
individual position of large numbers Of
farmers, but will enable them to keep the
cotton money at home another year
which has heretofore gone to the west for
supplies. The circulating medium of our
banks will be increased splendidly this
winter and every channel of trade will
feel the impetus of renewed activities fol-
lowing in the wake of good prices for the
cotton crop. The depression In business
channels, which has gripped the country
for the past two years will soon be for
gotten in the high tide of prosperity
which will smooth out the wrinkles of re-
cent care and paste a smile on the face
of every man In Dixie