Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-08-30
'BU[L|SH' COTTON
SEASON FORECAST
BY DIXIE DEALERS
Crop Shortage Insures Good
Price for Producer, De-
clare Leading Factors and
Exporters in South
BY ESTES DoREMUs

BY ESTES DoREMUs
King cotton is coming into his
own again.
The short condition report as of
July rs last, which brought with it
the full realization that not more
than 100000 bales would be made
this season, and subsequent private
estimates falling far short OF that
figure coupled with distressing re-
ports from Texas and the southeast,
that the growing crop was being
curtailed by one or more inevitable
causes, has resulted in bull move
ment that promises to insure the
farmer of the south a good price
for the staple.
Such is the opinion of leading fac
tors and exporters, not only in At
lanta, but from those in Galveston,
New Orleans, and Augusta. 1t is the
general concensus of opinion that
cotton again is to enjoy bull year
and some go so far as to hi at a
possibility of 25 cents per pound
DSlOIS Tic ID ONOlb Gil
though from Is to II and 10 cents
appears to be the conservative esti-
mate for the maximum price range
These opinions, requested by wire
by The Journal, are based on the
concrete fact that the growing crop
is the shortest in years, due to de-
creased acreage, the ravages of the
boil weevil, worms and adverse
weather conditions. Rain has come
where dry weather was needed and
droughts have been the order where
rain was prayed for. From Texas,
the greatest cotton-raising section
in the belt, comes a pitiful picture
Of crop conditions there. The Gal
weston Cotton Exchange telegraphs:
"Texas crop has suffered from al
drought, boil weevil, worms, etc.
This state hardly promises a pro-
duction today of 100000 and unless
we get immediate relief from this
continued drought, results may be-
come most serious. Very little cot
ION LOT sale anu ulOIS puyoIS IMAM
sellers. Expect advance in price"
Georgia Crop 100000
Such Is the condition at the west
ern end of the belt-in state that
normally makes around 100000
bales. That condition is reflected
in Georgia, what may be termed the
eastern end. J. Hope Tigner, secre-
tary of the Atlanta Commercial eX-
change, declares that oil mill in
terests are estimating the Georgia
crop at 100000 bales against L.
$4,000 last year and that they ex-
pect the price to go materially
higher. Right here at homo is a
potential shortage of more than
100000 bales,
"All spot cotton interests" said
Mr.. Tigner, ARE aware of the i'm
pending shortage in the southeast
in addition to the general bad con-
ditions and are not surprised at the
upturn. They expect good year
for the farmer. One member of the
exchange, who has little to say,
and whose opinion always is eager
ly sought, sees materially higher
prices.
"The consensus Of opinion on the
floor here is that the price will
keep at a good level provided sales
keep up with the movement. 1t is
what merchants and bankers want,
for a free movement will bring in
the full buying power, When the
present crop was planted the mar
ket was around II and IL cents.
SIS per bale higher, considerably
more than the producer had in view
when his seed went into the
ground"
Since the issuance of the gov
eminent condition report, private
show a deterioration of the crop in
this state of from 10 to Is points,
Mr. Tigner pointed out. He also
called attention to report from
the agricultural commission OF
Texas, which placed the condition
approximate yield of only 1,5o0,-
900 bales, 100000 less than expect
ed in other quarters.
Estimated Price Range
AS to the price range for 1929,
estimates range from IL to 20 cents,
with a general AGREEMENT IHdL ILLS
and next year will be bullish. Cot
ton dealers, who were not willing to
hazard a forecast Of the range, were
free in predicting that the price
would go higher and remain at a
level that would insure a good profit
for the farmer,
Ehney G. Co. here look for Is to 20
cent cotton and believe that it may
go higher.
Henry Hillbrath, agent for Ravens
croft & Co., expects a good year and
Frank H. Barrett, president of
Barrett & Co, Inc, Of Augusta, est1-
mates the crop at 100000 bales and
adds IAN advance Of great proper
tons seems inevitable to me-
The Augusta Cotton Exchange ex-
poets spots to reach Is cents by jan
uary and adds q bull season ID in
prospect.
H. & B. Beer, Of New Orleans, say
higher prices are indicated. especial
ly eventually.
Norman Mayer & Co., Of New Or
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