Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-05-27
Observation-Disclosures
l,5OO BALES GO
WHEN MARKET
TOPS 20 CENTS
VIII Mean Much To Community
In Easing Credits BY Liqui-
dating Debts

Cotton worth nearly S150,00O was
sold in Americus Friday afternoon,
most of it after the close Of the fu-
lures markets The sales Tor the
day totalled about 1850 bales, of
which 900 bales went from the L.
G. Council warehouse. fhe price
paid for most Of it was 20 cents FOR
round lots, or $1,000 per bale Of 500
pounds.
Sales today were negligible, yester-
days market having cleared the
boards of practically all the local
cotton being held for 20 cents.
Stocks remaining in Americus ware
houses now total about $500 bales,
which is rather low for this time of
year, and the bulk Of it being held
for an unnamed higher price Cot
ton on hand in Americus last year
in August, at the time the new crop
started coming in, totalled more than
5000 bales. 1t is believed that the
warehouses here VIII be, practcaly
cleaned out this year when the new
crop begins coming in, condition
rarely seen.
The sale of $150,00O Of cotton,
some of it three and four years old,
will mean much to the community.
Practically the entire amount will
go to the liquidation Of debts and
ACCOUNTS, thus easing the credit con-
dition locally and permitting prog
ress logn held up to the get under
way again.
The strength Of the cotton market
is resulting from continued rains over
the cotton belt which has deteriorat-
ed conditions and heightened the
propect of another very short crop.
j. w. JAY g. Co., Of New York, in
a report just issued, estimated the
average condition for the entire belt
as of May II at G5 per cent. This
has undoubtedly been materially Re-.
duced in the ten days since that date
as result Of continued rains. This
is the lowest condition FOR any wear
as of May 25 except in 1920 when
the condition on that date was GA,
with a final condition report on Sep-
tember 25 that year of 59.l per cent.
Last year the condition report on
May 26 was &C per cent and that on
September 25 42.2 per cent, the low
est known. Many are expecting
repetition of last years crop condi-
tions throughout the season
There are others, however, who
are more optimistic. 1t is pointed
out that the crop in this sect.oa IS
in fine condition, with an carly
start, almosts complete chopping and
plowing before the rains set in, and
the plants off to a good start 50 that,
should fair, hot weather follow short
ly to dispose Of the weeyils offec-
lively the outlook would be excellent
or a good crop here this year. It
IS recalled that two years ago the
spring was wet, and cultivation very
seriously retarded, but a dry sum-
mer permitted the making Of a crop
Of some $4,000 bales.
Fertilizers are being used rather
heavily this year compared with re-
cent seasons. "My fertilizer sales
this year viii be 100 per cent above
what had expected" said l.. G.
Council today. Il had calculated
on about $500 to 5000 tons sales.
but they viii reach 6,000 tons. The
farmers keep buying It and hauling
1t out every day. This means they
are pushing their crops and if we get
favorable weather will help material
ly the yield this fall"