The commonwealth. (Greenwood, Miss.) 1896-1923, 1914-06-05
'csrTs,y SENT SOARING M CON
BrTION REPORT.

Last Tuesdays New Ofifans iilheS'
I pIcax.ne says that the cotton market
t Monday developed a d,rgree OF excite.
{ ment that had not been experienced
at the local Cotton Exchange for 0
long period. Prices advanced rapidly
due to a c:ain bination OF circumstances
which have convinced the initiated
that the new crop is IT, serious danger.
Excitement around the trading ring
was at fever heat and trading was
heavy.
Cotton for October delivery IN this
market soil up 10 thirteen cents
which represents an advance ot
thiry-six points owe tho close Of Sat
urdav. OF a gain OF si.T5 per bale.
The advance in other trading months
was almost equally as great, and al
though the bulls took profits freely
and a moderate reaction from the
highest figures OF the day took place
lItTs way Il IrluoLu suHiA i'ht W t"
sorb all offerings. it being evident
tcrioraton that cannot be easily be
made UP later On.
The government will not issue its
report on the acreage planted until
July, but monthly condition average
reports, which will be given out Icgn-
Iarly together with with the unofficial
monthly and semi-montilly reports by
authorities of more or less repIte.
will KEEP The trade in a state OF ex-
portan,y fol- the rest of the summer
The consensus OF o~rinion at the
Cotton EXchanse was that the present
condition Of the crop is even worse
than 1t was on May Is, SIS since the
date the eastern half of the belt has
leen burnt by hot, dry weather, while |
the western half has had a succession |
Of excessive rains, causing floods IL |
all the streams and U%ver-rnnning the
cotton fields with weeds and grass.
The first government condition re-
port is always anticipated with keen
interest by the cotton trade, but ow-
ing To the unfavorahle weather of tho
past several weeks the report this
year was waited with even greater in.
terest than common. Taken in con-
1ection with what Is known of con-
ditions existing throughout the cotton
belt, the condition report Monday is
believed to mean that the crop has
made a bad start, aud such a begin
ming Is not conducive to hopes of q
Yield. no matter no v favorable
conditions may he from now on.
It win take very good weather
during the month Just opening, ir
in the opinion of local cotton
men, to enable the farmers Of tina.
state to clean their fields. and do the
extensive replanting that viii be ne,
essarv, while a continuance of the
Try and parvhing weather, which Is
REVEALING in tho eastern nalf If thr
oelt, will bring about progressive de-
erioration.
The condition average given out by
" the government representing thu
tate of the crop May %, was 74.3
s compared with 79.l last year
nd 1873 year before last. The a v
in the big crop year Of 1911
vas S7.s,an the ten-year average for
fay 20, is SO.4. ..
The condition average of Monday is
he lowest, with two exceptions, one
IN 1908, when the figure was
90, and the other being in 1909
he so-called Sully year when the av.
rage was TAI. The Texas average,
Which was placed at S., is probably
he lowest ver known and was ac-
epted as indicating taht the crop in
hat large State is in a de%plorable
onditlon.,. Z,
The continued dry, hot weather
of the Mississippi river and pro
excessive ram. in the West had
repaired the trade for a 10y condi-
lon average by he statistical bureau
I the Agricultural Department nj,
hence prices had advanc-
d even before the bureau report was
'sued.