Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-12-14
by VICTOR BARRON.

ATLANTA, Dec. AT don't be-
lieve that there will be 100000 bales
of spot cotton for sale By the end of
July, next" declared spot buyer
Tuesday. "All staple will either be
hedged, or contracted for, or so tight
ly held by farmers and merchants
that practically nothing will be for
SALE"
Mills are said to be booking ord
ers as far ahead as next autumn.
Southern mills are reported to be OPP
Grating close to normal, and New
England textile mills are running 80
to so per cent of capacity.
According to leading mill men it
is getting to be question of quality
and staple rather than quantity Mill
officials expect big revival in de-
mand for goods after the turn Of the
year. While spot merchants hesi-
tate in openly declaring that mills
are anxiously inquiring for staple 1T
is fact. Both spot firms and mills
know that the spot situation Is
tight enough already, despite prop
aganda that there is little demand
fer sstapley and, therefore, should
they speak out loud and tell Of the
anxiety Of mills as regards their fu-
ture requirements holders would
further tighten their grasp on their
staple.
Let's see how bearish the crop
estimate of 8,340,000 bales really ID:
American mills used 1,446,485 bales
for three months ending Oct. 81, last.
November's consumption totaIed
526,610 bales and the four mouths
consumption totals t,97s,0D5 bales.
Up to and including Monday, Dec.
IL, cotton exports totaled 2,5a2,319
bales. Add this to the consumption
by American mills for the first four
months of the season. This gives d
combined total of 4,555,4I4 bales.
December consumption by domestic
mills, it is believed, will be sharply
lin excess of November's, with every
indication of continued Improvement
and more normal consumption as the
season progresses.
Early estimates placed consump-
ton of American cotton this season
at about 12,000,000 bales. Providing
textile mills just hold their present
operating status, the seasons con-
sumption will total almost 14,000,00O
bales, or approximately 5000, ,00O
bales greater than what the bears
call their big Mondays crop
estimate of 8,340,000 bales.
! stated the other day the differ
ence between private crop ideas and
the official estimate would be equal
ed by this weeks worlds spinners'
takings. Last week mills took $685.
900 bales and 429, 900 the week be-
fore that. The trade expected crop
guess of 100000.
"The government made mistake
lin its October crop forecast of about
a million bales, estimating the crop
at 6,537,00 bales, when it should
have been about 1887 ,000," decIar-
ed a prominent Atlanta spot mer-
chant Tuesday. "And tneS guess Mon
day was just guess. Had it eliii1i-
mated the 100000 bales it probably
would have been accepted as about
right
Whether the crop is 8,3A0,00O, or
even more, American and foreign
spinners' need every pound of it and
about half dozen million more bales
before Aug. |, 1922. With the sur
plus practically wiped out what viii
they do the following season. Ger
tainly the South viii not produce any
thing like normal crop under wes-
vii conditions. Instead of decreasing
consumption is going to keep increaa-
inf, but production outlook appears
severe.
You can't make a No, 5 shoe fit i
No ia foof