Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-07-03
Cotton Gossip

Hugh McElroy says: Liverpool come.
about as due. The only change in weather
is predicted showers in North Carolina, bal
ance of the belt fair.
The journal of Commerce makes condition
49, but this is an improvement of only
S.5 from its figures of last month. If this
| improvement were applied to the bureaus
June figure it would indicate a condition
tomorrow around .6s, which is far lower
than any guesses so far. The public is
prepared for figures around 10.
| 1t would not be surprising to see a cover
ing movement in ADVANCE Of the bureau
and considerable advance if only temporary.
Journal Of Commerce says: Southern cot
| ton manufacturers who were in the mar
! kets yesterday stated that a wide premium
must be paid for good spinning cotton and
| that fact has a strong influence in making
! mills firm where future delivery goods are
| under consideration.
Light rains in Memphis district only
rainfall reported up to midnight. Temper
atures slightly warmer, highest 90 at Ok
lahoma City, with Abilene, Fort Worth,
| Shreveport and Fort Smith, "a. Forecast
| Thursday North Carolina and Tennessee,
| thunder showers, balance belt generally
| fair and warm.
| Forecast-Virginia: Partly cloudy to-
night and Friday; probably occasional show
ers. cooler on the coast.
ESnight and Friday, probably occasional show
| ers.
North Carolina: Showers tonight and Fri
| day.
South Carolina, Georgia: Local showers
probable tonight and Friday.
Florida: Fair tonight and Friday ex
cept local showers Friday in southern por-
ton.
Extreme Northwest Florida: Fair tonight
and probably Friday.
Alabama, Mississippi: Partly cloudy to-
night and Friday, probably local showers In
interior.
Louisiana: Tonight and Friday generally
fair, not much change in temperature.
Arkansas Tonight and Friday partly
cloudy to cloudy.
Oklahoma Tonight and Friday partly
cloudy to cloudy
East Texas, West Texas: Tonight and
Friday generally fair.
Times-Picayune says: The market for
the time being is overshadowed by the i'm
pending government reports due Friday.
While continued fair weather and favorable
private crop advices induce some bearish
sentiment the tendency to sell short is held
in check by the big discounts of futures IN
der spots which encourages trade buying on
all slumps, by the position into which the
July interest had drifted and by fears that
| the government may show some decrease in
acreage. ..
The boil weevfl scare was somewhat
allayed yesterday by the small mention made
Of the weevils in the weekly weather and
crop summary. The detailed report by
states, however, showed the weevils numer-
Gus in many states with the prospect that
they will become more damaging as the
plants begin to fruit, particularly should a
| spell of shcwery weather develop. If the bu-
reau is shade under 70 it will be the low
est July crop condition on record, and while
! there is the possibility Of a. slight change in
| the acreage compared with last year, lit
| tie more or less, chances are likely to be
against the making of a fair yield, much
| less large crop, unless the weather during
| the remainder of the season Is exceptionally
| good and weevils are not destructive. The
crop is still very late, and weevils have ap-
| calities of the belt. In thisf there is the
greatest danger for the crop, as in event of
showery weather they would likely multiply
and become destructive.
Norden " Co. make condition 67.5. Esti-
| mates by states: North Carolina, II; South
Carolina, 70; Georgia, 60; Alabama, Ga;
Mississippi, 81; Alabama, %; Texas, 6S;
Oklahoma, s p; Arkansas 81; Tennessee 81.
Map shows generally cloudy northeast
! quarter of belt with general rains over that
portion of the belt but mostly light, gen
! orally fair rest of belt, no rain. Decided
| rise in temperatures always the forerunner
of break in the weather.-Kofler.
TIMEs-PIcAYUNE REPORT
| NEW ORLEANS, July IA tabulation of
! the reports indicates IAN average condition
Of 1913 per cent of normal which compared
with the governments average month ago,
GA, indicates an improvement Of a frac-
ton short of points.
Following the governments formula for
forecasting the probable yield based on the
average cQpdition of June %, and the esti-
| mated acreage, condition of 1913 points
| to a yield with average conditions from now
on Of trifle less than 10000 600 bales.
The weather during the past month has
been generally favorable, particularly in
the eastern half Of the belt, In the west
weather has also improved although there
have been complaints of more rain than
needed in parts of Texas, Oklahoma and
| Arkansas and the wea Their has been some
what too cool in the more northerly portions
of the entire belt and along the Atlantic
coast to promote the proper growth of the
| crop.
While some Of the backwardness Of the
crop of a month ago has been recovered
the plants are, as rule, smaller than usual
at this season and the crop as a whole is
| still two or three weeks late with very
| irregular stands, largely due to the amount
of replanting and the late date at which
planting in many sections was completed.
| There continues to be a universal COM
plant of the scarcity of and unreliability
of labor. Wages are extremely high, great
ly adding to the cost Of growing the present
crop Only the very favorable weather of
the past month has permitted the proper
cultivation of crop with the labor available
and in some localities grass is still com
planned of. Nevertheless the crop has been
pretty generally chopped out and the fields
cleaned. There is general complaint OF
the presence or WeevllS IN the southern
portion of practically all states and as the
season progresses the insects are appearing
in more northerly districts.
The following table compiled from the re-
ports Of correspondents shows the percent.
age of acreage under cultivation June %
compared with the governments revised to-
| tails for last season, and the condition aver
age by states compared with the govern,
ment's two preceding seasons.
North Carolina, 90, II, 10, sS, 80.
| South Carolina. 90. IA 6S. 7S ~
Georgia, "a, SO, So, 70, so. ; --
Florida, lis, 81, 60, 81, 70.
Alabama, 90, 66, So. 81, 81.
Mississippi, 80, 20, 65, So, 60
; Louisiana, 80, 76, 70, 81, 81.
: Texas, 1O2, IS, 90, SO, "a.
Arkansas, 90, 81, 81, 81, 81.
Tennessee, 100, 65. go, "a, "a.
; Okla homa, 105, 70, TO-, so, 80.
California and Arizona, 1870, So, 90.
Totals, IS, 70.3 62.4 20, s5.s.
ATLANTA >CoTToNsEED PRODUCTS
MARKETS
, Corrected by|Atlanta Commercial
Exchange.)
: Crude oil, basis prime, tank lots. 3d.
G. S. meal, Z per cent ammonia, 100