The Johnson City comet. (Johnson City, Tenn.) 1916-1917, 1916-07-06
BUSINESS CONDITIONS
IN 9Th FEDERAL DIST.
REPORT OF BUSINESS
CONDITIONS IN SIXTH
FEDERAL RESERVE DIST.

ATLANTA, Ca, June 0O.-Ine gen
eral outlook in the district continues
bright, with money plentiful anC
rates normal with slight demand.
The impression is that with the
cessation of war money will flow
more freely along trade channels
and we look for more new and dl-
versifed industries in the district
says the Federal Reserve Bulletins
report of conditions in the sixth fed
eral district.
Cotton conditions are reported as
| favorable, but cotton is suffering
somewhat for want of sunshine and
warm weather, and especially is this
true in the northern section of the
cotton belt. The corn crop is the
best in several years. Crops will be
made at a less cost than average
this year and with good prices the
farmers will be in a prosperous con
dition. No unusual advances have
been made on growing crops and un-
less rains continue and crops be-
come "grassey' and necessitate a
great deal of additional money is
looked for,
New business has somewhat re-
ceded but manufacturing and gen.
eral industrial lines continue to op-
crate full time with plety of orders
ahead Labor in general is satisfac-
tory and we'll employed.
Crop Prospects.
COTTON-The boil weevel has made
it's appearance in some new sections
of the district in spite of efforts to
combat it. Owing to recent rains
grassy conditions are reported
from some cections, but grass is be-
ing rapidly "chopped-out." The
weather of late has been too cool,
especially in the northern section sec
ton of the cotton-belt but with warm
weather and more sunshine the pros
poets are good for an average crop.
CORN-There has been a large in
crease in corn planting, and condi-
tions have been very favorable. The
crop is in fine shape and present in
dications point to the largest and best
crop for many years.
GRAIN-Nothwith an in
crease of acreage in wheat and oats
the wheat crop is 25 percent off; and
oats reported poor. The hay crop
is exceedingly good and large crop
has been produced with prices sufti-
ciently high to make planters pros
porous
FRUIT-The fruit is light in Ten
nessee and Alabama. In Georgia ii
is lighter than 1915, but prices are
better and expectations are that
good prices will prevail owing to
shortage of crop. The average in
crease in price is 10 cents per crate
over last year, which means good
sum in the growers pockets. Owing
to rains the marketing is somewhat
late, but shipments are now begin
ming to move. Watermolons are be-
ginning to move to market. Recent |
rains were very timely and thecrop
will be a good one with heavy acre
age and prospects for good prices
the next few weeks at
least. Cantaloupes are being ship
ped in large quantities, with excel
lent prices prevailing. The Florida
citrus fruit crop is short and the
output is estimated from 60 per cent
to 70 per cent.
reports have been
the weather being ia
vorable for transplanting, fine crop
has been put in and the general con-
dition is good. There is strong
demand for export of previous years
but owing to lack of ship
ping facilities it is moving slowly
RICE, SUGAR, COFFEE New Or
leans reports the rice market as
quite with we'll maintained prices
Notwithstanding indications that the
present crop will be large one.
Rains have been general in the
sugar belt and planters are optimis-
tic in view of large yield and good
prices.
Interest in the coffee market ap-
pears especially strong and New Or
leans reports deliveries in New Or
leans in excess of the port of Tew
York.
LUMBER Conditions in lumber have
softened somewhat. Mills have large
stocks on hands and the market is
suffering from production
caused by car shortage and scarcity
of vessels. Some mills have shut
down while others do not believe
present conditions will last long and
are building larger mills with view
to expansion in the fall. The Ed
ward Hines Lumber company cf
Chicago have completed arrange
ments for the erection of mann
moth saw-mill at Gulfport, Miss, to
cost approximately 100000 The