New-York tribune., 1918-06-05
Cotton Crop
May Be Largest
Raised Since 1911
Planting on May rs Was
1928 Per Cent
Normal

WASHINGTON, June 4.-The cotton
crop was in better condition on May %
than on that date in any of the last
ten years, excepting in 1911, the year
of record production, the Department
Of Agriculture announced to-day in its
first cotton report of the season.
No official announcement will be
made on the area planted until july
but unofficial estimates have indicated
a large increase over last year. From
these conditions officials feel this
years crop will be close to record
proportions.
The condition Of the cotton crop on
May 25 was 1873 per cent of normal,
compared with 69.5 on that date last
year, 77.5 in 1916, 80 in 1915 and 70
the ten-year average, the Department
Of Agriculture to-day announced.
The condition by states follows:
Virginia, 80; North Carolina, "a;
South Carolina, 80; Georgia, 78; Flor
lud, 10, AldDdlIld, 10, vi loSlSoiPpi, oO,
Louisiana, 85; Texas, 50; Arkansas,
e5; Tennessee, 90; Missouri, 10;
Oklahoma, Sc; California, 81; Arizona.
so; New Mexico, 80
Prospects Bright
In statement the department said {:
"The condition of the cotton plant
on May 25, namely 1913 per cent of
normal, was higher than any of the
past ten years on May 25, except in
1911, when the crop was record one,
consequently the crop is starting we'll,
whereas a year ago the condition of
the crop was the lowest of the ten
+, year period and the final outturn of
the crop was poor.
In general the crop is somewhat
late, but the stand is good; the amount
Of fertilizer used is greater than for
several years, and the quality Of seed
used IS tending toward improvement" "
Revised estimates announced to-day
show the area planted and in cultiva-
ton at the end Of June last year was
o4,925 900 acres, while the area picked
was 33,S41 900 acres. The average
| yield per acre was 1897 pounds of lint
An estimate Of the acreage planted this
year will be announced in July.
With average growing conditions
from now until time of picking officials
here forsee production approaching
the record crops of 1915 900 sales in
1914 and 1893 600 sales in 1911.
The first government cotton crop
report of the season was published
yesterday, showing the highest con-
dltlon with one exception for the past
ten years. The trade had been looking
for a favorable report, but the actual
figures placing the prospect at 823 per
cent o. normal was at least full point
better than expected. comparing with
69.5 last year and 70 the ten-year aver
! age. Its immedilte effect was to cause
! scattered selling. but there was no gen
eral or aggressive pressure, and the
failure of offerings to assume greater
or fresh buying for long account At
any rate the market quickly rallied
with July selling up from PASS to 25.O2
in the late trading, or 81 points net
higher That delivery closed at 24.97
with the general list very steady at a
net advance of 23 to 50 points.
The market was irregular during the
earlier trading. The opening decline
! Of 2 to ID points suggested a renewal
! Of Mondays selling movement, but the
early offerings were soon absorbed and
the market rallied rather sharply on
| the strength of Liverpool, reports that
the strike at New Bedford had been
! settled and by the spot advices. AS
/ approached prices sagged off under
realizing, and after its publication
| broke to 1856 for October and 22.8O
for December, or about 10 to Is points
net lower
Liverpool Demand Large
Trade interests were moderate buy
ers on the decline. Liverpool was a
good buyer of May, however, and the
market very soon firmed upon covering
AS prices worked higher without meet
ing any pressure of consequence in
spite of the favorable weather news
and high condition figures, the demand
from shorts became more active and
the best prices of the day were
reached in the late trading with new
crops showing net gains of 25 to so
/ points in the late trading July was
relatively firm during the entire day
owing to the nature of the spot advices
and the buying By Liverpool, presum-
ably TO cover the short end of strad
dies. No exports were reported for
the day. Reports that there had been
no change in the Federal marine war
risk rates probably helped the tone
/ of the early market, although at no
time has there been any apparent fear
/ of more than a momentary disturbance
Of shipping. Southern spot markets, as
officially reported, were all unchanged
except Baltimore, which was nominally
/ 80 points lower.
Yestcr- Day Year
day. before. ago
Cash .............. $3.50 1900 22.7O
Contracts:
July ............ 2497 24.45 22.32
October .......... 1928 $500 21.71
December ....... 22.94 2271 21.SO
January ........... 22.73 $3.50 2184
March ............ 22.76 22.53 22.01
Brazilian Notes
Get Renewal