Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1922-05-29
CROPS BETTER
in SOUTHWEST,
SAYS SUMMARY
Brighter Prospects Follow
Exceptionally Heavy Rains
Over Southwest District
fBy The Associated Pressl

DALLAS, Texas. May 29-BrightcI
agricultural prospects have followed the
exceptionally heavy rains that have re-
Gently covered virtually every part Il
the Eleventh Federal Reserve district
except Arizona and New Mexico. accord
ing Ia the monthly review of business
and industrial co.tliiions issued today by
the Federal Reserve bank of Dallas.
While rains have retarded planting
operations in Texas and have resulted
in some losses 10 farmers. the review
said by reason II floods and overflow>.
The coming Of warm weather will rapidly
improve crop conditions and the state
''looks forward To a year of abmllant
cr.p production. subject. of course. in
the case of cotton, To curtailment of in
sect damage"
Conditions are more propitious IN
West Texas than they have been since
1919. the review states. Improvement
in range and crop conditions gives pro-
mise of making 1922 one If the ban
ner production years nf It's farmers and
stockmen." il was declared.
Further contraction in bank leans a
shown by the April reports of reserve
counts held by the Federal Reserve hank
az Dallas. emphasizes the unusual credit
situation that now obtains. according to
the rcview The hackwardnesS of this
demand. il asw said. is attributable IN
psrf af least. Ia the fact that planting
operations have been delayed 10y weather
conditions.
Trade activity in April was said tohave
exhibited some diminuiion from the
high tide of distribution reached in
March. Both retailers and wholesalers
reporting somewhat smaller sales totals.
cxrcnt dealers i'm furniture. hardware.
hulding materials and farm implements
Coitinued expansion in building activ-
ifv was reported. accompanied by a
growing demand for lumber and other
materials and a further reduction in un-
employment.
Resumption of mining and milling
plants at Silver City and Kingston. New
Mexico. and the reopcning of large
co,per smelter nj Globe. Arizona. were
outstanding developments Of the month
i'm the mining industry of the district.
The wool and mohair market has
shown increasing firmi.css during the
mast thirty davs and wool prices are
now railing at level approximately fiji
~ per cent above that Of year ago.
the review continued.
The Texas cotton crop this year viii
he from two To fcnr weeks late. due 10
the interruption of planting operations
md the necessity of replanting much Of
the crop as result of the continued
heavy rainfall. il was stated. Federal
.;atIsticians report n heavy abandon
mcnl Of the Texas winter wheat acreaG',
,i,ir "a the destructive effects Of the
drnnth last fall and winter. Some re-
duction in the districts fruit crop is in
.ncatcd 10y current reports.
Livestock movements coi.inued on an
exceptionally restricted basis IN April
The hank reported.
The Eleventh districts crude oil out
mt which reached a prak during
March. underwent a sharp decline dur
ing April when only 13.15O.JM barrels
were prodnce,l. This heavy reduction
was due in part 10 the unfavorahlc
weather a.. .liticnS and in part 10 the
low flush production of new wells COM
pleted. Despite the fact that heavy
rains during the past month impeded
drilling operations. the district witness
- the completion of more new wells
than any month of the preceding year