Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-06-26
CROP PROSPECTS
PROMISING IN
4. nth DISTRICT
Decreased Volume of Bust
ness Is Noted in Mercan-
tile Lines, Due, Probably
g To Price Uncertainties.
tsp~clst correspondence to The Jnurnai.'

b Especial Correspondence to The Jnurnai>
Dallas, Tex, June 25.-Agrlcul-
tural and commercial conditions in
the Eleventh federal reserve dis
trict showed little change during
the last month, according to the
monthly report of the Dallas fed
eral reserve bank, made public to-
day. Generally speaking, agricul-
tural prospects were reported
slightly improved because of favor
able weather. In mercantile lines
continued evidence of decreased
volume is noted. This applies to
both retail and wholesale, and is at
tributable to price uncertainties.
The report, summarized, shows
that the conditions of most crops Is
still below normal and that late
harvests will be the rule. In south
and southwest Texas cotton, corn
and other crops were benefited by
seasonable temperatures and mod
crate precipitation. Heavy rains in
north and west Texas interfered
considerably with cotton planting
and probably will result in a small
er acreage than previously contem-
plated.
Steady improvement is shown in
general crop conditions in Arizona
where a large cotton acreage has
hlp rnn-
ditions also are reported from New
Mexico, where the cotton plant is
making a good growth and farm
ing activities generally are pro-
crossing at a satisfactory rate. In
,outhern Oklahoma about one-third
If the cotton acreage was re-
planted as result of heavy rains
IN May.
Much Cotton Replanted.
The condition of cotton in Texas
60 per cent normal and in Okla
homa 70 per cent. Much planting
and replanting in Texas was &C
complished in May.
Winter wheat made excellent
progress during May. Most of the
Texas grain has matured ana
threshing is uunder way. Harvest
ing also has begun in Arizona
where good yields are reported In
oklahoma the crop Is maturing
rapidly, with little smut or rust
developing to date. Owing 10 re-
duced acreage prospects are FOR an
extremely short crop in Oklahoma
however.
Latest reports substantiate pre-
yious reports that nearly all the
fruit was killed by April frosts' IN
East Texas the peach crop is TO-
tai loss in many localities, while in
others the crop will be less Una"
25 per cent of last years produc
tion. Similar conditions are re-
',,owed from other parts of Texas
Arizona and New Mexico.
Heavy Tomato Crop.
The loss to east Texas farmers
however, is offset to some exteh'
by a. prospective heavy tomato
crop.
In wholesale trade cancellations
are reported numerous and buylhe
nm a very conservative basis. Re-
cent propaganda on increased pro
duction, conservation of credit, cur
tai,ment of extravagant purchases
md other factors affecting the
economic situation has had neal
thy effect, according to the report
which says depression has shlfteo
from the retailer to the wholesaler
TRANSPORTATION difficulties, the
report says, are being relieved to d
considerable extent and the con-
gested conditions at Galveston and
other ports are being relieved.
Texas, New Mexico and Arizona
livestock ranges were benefited by
copious showers during May, the
need for which was beginning to be
felt Throughout eastern New Mex
leo and the Texas Panhandle the
moisture was ample for all needs
and the ranges now reported in ex-
cellent condition. In Arizona the
rainfall was not so heavy, but was
sufficient to break the drouth IN
desert sections where lack of mois-
ture was most acute. The major
ranges in Arizona, particularly IN
the mountain regions. are steadily
improving with the seasonal ad-
vance in Temperature.
Lumber Output in May.
Thirty-two southern pine mills
in the lumber section of the Elev-
enth district, report a combined av-
erage weekly production of II, 420,
932 feet during the month of May
This was ~ per cent of normal
The mills, however, are about four
months behind in deliveries, while