Paragould soliphone. (Paragould, Ark.) 1918-1950, 1921-10-10

DELIVERY OF
COTTON CROP
Fifteen Hundred Loads of
Staple Handled in Para
gould This Week-Con-
gestion Of the Congresses.

Last week was the banner cotton
week of the season in point of de-
livcries, according TO the estimates
of local buyers. 1t Is estimated
that no less than fifteen hundred
loads Of the staple have been mar
kcted In paragould during the week
closing this evening. Receipts to
cent of the total yield for this
county or the section that looks to
paraSould to handle its production.
Tho grade of the staple Is up to the
general average and the marketing
conditions, apparently, nave been
of very satisfactory nature to the
producers.
The price being paid for the staple
upon the street today is the same
Us that of yesterday, around 6
cents in the seed and Is cents and
is IL cents in the lint. But De-
cember futures have fallen short OF
tho previous day, the quotation at
noon being 1885. some higher than
the closing price of yesterday. The
drop was from 20.47 that was an
nounced Thursday. Indications point
to a more settled condition Of the
market and it appears that no great
er than an average OF six cents
for the staple inthe seed aud around
Is cents for lint may reasonably
be anticipated. It appears there
is disposition on the part Of
mills and other sources Of consunp-
tion Of the crop to enter the field
and buy the vast accumulation of
the staple that has largely incon-
venienced local buyers, who are
heavily burdened by the acc,mula
ton. However. little buying thus
far has been recorded.
The receipt of the staple this
week has been evenly distributed
throughout the week. approximately
$50 bales per day having been re-
ceived. The heavy receipts are caus-
ing concern, due to the fact that an
embargo has been placed upon the
handling of the ginned product by
the compress companies at Jones'
boro and Blythcville which are re-
ported to be gorged with cotton.
The embargo was announced FROM
Blytheville ovor a week ago and
similar announcement was received
from Jonesboro this morning. The
compress at Blytbeville is the larger
user of the product from this Sec
ton, it is said.
A local buyer told representa-
tive of this paper today that the
accumulation Of cotton at Blytheyille
was something enormous. Paragould
and other dealers at points in this
section have vast string of ears
loaded with bales. in the waiting
limo to be received at the compress.
There is a string of cars extending
from Chickasawba to tho business
part of the city of Blythevflle, all
loaded to capacity with bales OF
cotton, waiting 10 be received at
the compress. The local delivery
of the staple from the territory ad-
jacent to Blythevllle il said to be
tremendous, hundreds upon hun
dreds of loads of the staple upon
farm wagons being in line every day
TO get accommodations at tho gins
of the town. 1t is said that sit
hundred loads of the staple were
upon the streets of that city yes
terday.
Such a congestion Of the COM
press at Blytheyille may mean that
several weeks may have to lapse be-
fore the surplus may be cleared.
adding some other difficulties to be
experienced by local buyers IN event
sudden demand from mills should
arise, requiring shipments.
However, taking all conditions in
to consideration, the situation is
very satisfactory to farmers, buyers
and the business element of this
section in general. There's a good
crop of the staple, the quality is
very good. and the price being paid
is considerably i'll excess Of that
anticipated earlier in the season.
At the present rate OF delivery,
the entire crop-or practically all
of it. Is going to be marketed far
in advance of the same date OF
previous seasons.