The star-progress. (Opelousas, La.) 1917-1921, 1921-10-05
|rgVCJS BUREAU
! NTTON REPORTS
PILL FUNNY STUNTS
raining Figures Send Stap-
X Fiting ilIi Upward to Tum-
ble Afterwards
CONDITION HAS
EFFECT ON MARKET
.bock of Governments Fig
ures Soon to Pass and
Reaction to Set In

ma cotton market was sent kiting
r.nasv on the receipt of the ginning
..,,-os issued by the federal bureau
+bs census, only to come tumbling
,..rvard when the condition report
.,,loved showing 42.2 which was even
s.,,sr than the talent expected.
s.,su million bales is. the estimate
!, .r,duction. compared with slightly
,.,,sr than these figures of month
- when the bureau issued its report
Y, august condition. This is a small
!, spterioration than was looked for
.rs therefore was a bad dose on the
mil speculators for they were looking
,r something worse.
The New Orleans Times-Picayune
hsued It's own report last Saturday,
being summary Of reports received
'tom It's correspondents throughout
he belt. It's prediction Of production
vas considerably under the govern.
.neuts figures and looked extremely
.DuIlish.
The cotton market has been on the
|snterhooks for some days, marking
lime as It awaited the government
reports, both of which came on Mon
tg and sent the whole bunch scat
ring. The buIlish element conf
hnlly believe that as soon as the
hit shock of the reports dies down
h exchanges will show a strength
.slng ali down the line and that be-
|bn the next report comes in there
|rll be some startling happenings
|shich will show the bear element
s exactly how matters stand in
cotton world. The producers
h Of them natural "buIls" when It
mes to selling cotton-side with
lelr speculative friends in assert
& the truthfulness OF this claim.
Merchants state that cotton goods
i've been advancing right along and
sy are expecting further advances
|sahln a very short time. Several
i've examples Of how this rising tide
n the cotton market Is effectIng man
lctured goods, quoting, by way OF
nstration, prices now and some
be ago on certain staple articles.
hey predict that consumers will
i've to pay almost as high for such
sods as they did during the peak Of
nr prices, and against that many 1f
em point out that wages have de-
|aned and the unlucky consumer who
caught between the two millstones
higher prices for clothing and low
'ages-will have indeed a difficult
.ne in weathering the storm.
This phase Of the situation does
'0t seem to affect the farmer. Sat
lrday night a reporter heard one Of
De best farmers in this territory state
bat he didn't mind paying five dol
hrs for pair Of overalls provided
he producer received a good stiff
Price for his cotton. However, when
A is said and done, the consumer
here and elsewhere, will naturally pay
lha freight.
The receipts of cotton on the OPP
elpusas market Monday were almost
assllglble as compared with the flood
q many days last week. This is ac-
oaanted for by the fact that Sundays
sain was a retarding influence both
q ginning and hauling to gins and to
market. Monday is generally an off
aay In cotton circles and buyers who
pun off any big transactions general
y DO so with some farmer who has
been holding a certain amount of
ne stuff over from past days.
Buyers are still shipping "flat," the
ssal press being blocked with the
PEAT receipts of the recent past and
baking desperate effort to extricate
lself from the tremendous mass Of
Alees stacked on its big platforms.