The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-04
CONDITION FIGURES
BRING PRICE RALLY
Unfavorable Report and Hot Weather in Southwest
Affect Cotton Market Southern and
Foreign Houses Sellers.

: gated fully 1904 bales. II Is roughly
calculated that the operation has shown
n profit of ut least 81 per bale. The
supply OF contracts released, or fur
nished by this selling, has taken care
Of the demand from shorts, and the
August position is supposed to have
been evened up considerably as a
result of the weeks operations Some
doubt exists as to whether tho South
crn selling here has actually been
against the crop. 1t is the season OF
the year when hodge selling generally
makes its appearance, but sentiment in
southern circles has been bearish. and
with the crop doing we'll in practically
all sections OF tho belt, except west of
the river, probably the bulk of the
southern orders have boon on spccu-
lative account.
The Condition Figures.
The government crop report publish
ed yesterday made the condition 100
against 100 last year. SCI in 1911,
and S3 in the previous big crop year
OF 1905. This report indicated a de-
terioration of - per cent for the month
of July, and on the basis of tcn-ycar
averages suggested a Yield of about
$50 pounds to the acre. Assuming the
acreage to be 35,622.000 acres as csti-
mated by the government last month,
II is mere question of mathematics
To reduce such a yield to n crop of
about 1880, 900 bales, allowing AIS
pounds to the bale OF lint cotton. Fast
experience has convinced many, how
ever. of the futility OF mathematic
reductions from; any condition figure
even later in the season, and the crop
IS still very largely dependent upon
the weather from now on and the date
OF killing frost
/. II may be noted that no crop grown
f1tt ri I,.,
in yield exceeding 1861 pounds to the
acre from an August bureau of un-
der SO per cent. During this period
the August bureau has six times been
under so per cent. In 1903. hn August
bureau of 79.7 resulted in n yield Of
lI4.5 pounds; in 1905. the August
bureau of $40 gave yield Of 1861; in
1907. the August bureau OF 10 gave
a yield of 1888 pounds: in 1909, the
August bureau of 71.9 was Followed by
a crop of 1913 pounds: in 1910, an
August bureau of 75.5 gave n crop OF
fO.I, while last year the August
bureau was 1G.5, and the crop is turn
ing out in the neiGhborhood of a.
100000 abes. During the big crop
year the August condition has inva-
riably been we'll above so per cent be-
ginning with ?l.6 In 1904; S2.9 in 1906;
IS in 1905. ana S9.l In 1911.
Reappearancc of dry, hot weather
in the Southwest was ono of the
features OF the week. While accounts
have been more or less contiicting, the
crop in that section of the belt has
probably lost ground since the gov
ernments condition figures were com
piled Most Of the dealers reaching
the trade indicate that deterioration
may become serious, should the situa-
tion fail to he relieved by lower tenn
peraturpS and Co,ttipupuS shnucrr ,,r
good soaking rains within the next
week or ten days. But few complaints
are now being received from other sec
tions of the belt, and the trade does
not as Yet seem inclined to abandon
the uniformly optimistic view OF the
new crop which ii has maintained since
the beginning OF the season.