Evening star., 1922-08-01
Jump IN COTTON
OF $3.50 A BALE
Advance Based on Depart
ment Report on Country's
Crop Conditions.

This years cotton crop was placed at
ll'44s,0o0 bales Of 500 pounds gross
weight in the second forecast of the
season. announced today by the De-
partment Of Agriculture, basing its es-
innate on the condition Of the crop July
20, which was 7o.8 per cent of a normal.
ihere was a decline Of 0.4 points in
condition from June 25 to July 25, the
condition Of June 25 having been 112
per cent of normal, on which the first
lorecast Of the season. II ,065, 900 bales
~ oVo pounds gross weight. was based.
! me average change in the last ten
years between June 25 and July 25 was
q decline of 3.9 points
Condition by States.
| Inc condition Of the crop on July 25
by states follows:
| virginia, so; North Carolina, rs;
south Carolina, SO; Georgia, 54; Flor
ioa' 90; Alabama, 20; Mississippi, "a;
LOUISIANA, 70; Texas. ~. Arkansas. 81;
! tennessee. s.; Missouri, so; Oklahoma,
| 70; California, s5; Arizona, Sc; New
! me acreage of cotton abandoned 10
JuIy l was summarized at IL per cent
the department announced in a supple-
mental statement issued in RESPONSE 10
Senate resolutions
| Boosts Price in New Orleans.
NEW ORLEANS. August Cotton
jumped $3.50 a bale at the local ex-
change today immediately after the
| reading of the Department Of Agri-
i cultures report. placing the condition
of the growing crop at 70.S per cent
1 OF normal. October touched 22.50 and
he Hr-ar
1.69 to LII points higher than yes
| terday's close within a few minutes
after receipt Of the governments re-
port.
The carry-over from one season to
another Of American cotton shrank
! IN a record-breaking manner during
the cotton year ending yesterday. ac-
cording to the annual statistical
statement issued today by H. G. Hes
ter. secretary Of the New Orleans Cot
ton Exchange. He put the carry-over
from the season just ended at 1904
600 bales. against 1864 900 a year
ago.
World consumption of American
cotton. ne placed at 12,So4.ooo bales,
against 100000 last year.
The carry-over figures were con-
siderably smaller than expected by
most traders and brokers ir cotton.
Early Trading Quiet.
NEW YORK. August Cotton fu-
lures opened steady; October. 2I23;
December. 2I16; January. 2l.02:
March, 20.97; May, 20S3-
The market continued very quiet
during today's early trading. Liver
pool was slightly better than due.
but except for some scattered cover
ing there was very little demand. and
after opening steady at a decline of
points to an advance of l point.
prices held within a range of or
6 points, with October ruling around
21.20, compared with 21.21 I the close
yesterday. There was some bullish
comment on complaints of dry. hot
weather in the southwest, but traders
generally seemed to be waiting for
the government crop report. due al
midday.
The market held quiet without
much change until just before 10
o'clock, when it rose 55 to so points.
before the figures of 7O.S were read
to the ring, and then bulged an ad
ditional 100 to 100 points for the per
centage was far under general en-
pectations. October traded up to 22.50.
where the more active positions
showed net gains on the day of 16s
to III points.