Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-15


acute. The present carry-over is
around 100000 bales and of much
better grade than usual. The ulti-
mate yield Is a rank guess but my
information leads me to believe it
will be around 100000. Look for
prices to range between twenty and
twenty-five cents and anticipate a
worlds consumption of at least 12,-
100000 bales. I look for an up
ward tendency as I feel optimistic
of future as all strikes of the past
always have been settled and pres
ent ones will prove no exception to
the rule.
Roscoe lockwood & Co., New Or
leans: The cotton crop had bad
start and is late. The condition is
comparatively low and entering
upon European conditions, but
think foreign spinners will take up
enough cotton over and above do
| nestle requirements to warrant a
price range from twenty cents to
thirty cents with probabilities in
favor Of later figure. We do not
think the peak has been reached,
and do not think prices will be
forced much lower. AS the Euro
pean situation clears and the do
mestic labor situation improves, we
think the tendency will be upward
and probably violently SO.
Fenner & Beane, New Orleans:
We believe that the recent decline
| in cotton went much further than
anything brought to light war
ranted. Its recovery of a large
part Of the loss in two days amply
demonstrates this.
twenty-five cents looks like a
certainty in the not distant future,
and it will not surprise us to see
| it go to thirty cents before the
next crop is made.
Climatic conditions are closely
| paralleling last August, when the
crop outlook shrunk million bales,
| and Weevils are much more numer-
Gus and more wild spread. Last year
the price advanced forty-flve dol
lars a bale as soon as this condi-
ton became obvious.
Information fir, our correspon-
dents all over the belt indicates
more than usual deterioration. this
| month, and we do not expect the
| crop to turn out in excess Of ten
| million, five hundred thousand
bales.
With such crop in prospect
the carry-over will not prove an adj
verse factor, as it is but little larger
than usual.
Consumption will probably run
thirteen million bales under exist
ing conditions, with Improvement in
Europe's buying power it may run
thirteen and a half million or more.
The farmer who withholds his
crop from the market until the
first rush is over will, in our opin.
ion. be well paid for doing so.
T. J. WALSH, New Orleans: AS.
Stunning the, government cotton re.
port Of August to be correct and
Judging by the complaints since
then from important and reliable
observers with regard to deteriora.
ton and shedding through drought
and reports of damage from boil wee
vii, we can hardly expect that the
growing crop is in anything but q
preearious condition at this time.
About this time last year the BOZ!
weevil began his work that result
ed in crop disaster, and as the gov
eminent entono1ogists tell us the
pest is two hundred and twenty-sev
en- times greater. than then, and add
ed to that we have the army worm
reported unusually plentiful lately
and which to destroy, the poison sup
ply has been exhausted, it would
appear that we must seriously con.
slider even greater insect damage to
! the growing crop. 5-s "f4~
l. &1 e.
pear that recent indication by the
government of 11,500,o00 hardly will
be exceeded no matter how favor
able conditions may be from now
on, and it's quite easy to see from
the causes mentioned that we car
have another repetition Of last years
disastrous crop. You ask for ex
| preston on carry-over:
/ This is now so widely distributed
and being either invisible or in for
| eign lands is Of no interest to trad
ers who are mostly concerned In
their inability to secure workable
cotton from the scant nondescript
stocks held at interior and ports
for example, New Orleans havins
81 900 bales against 465,000 bales
last year, which. amount is above
the combined stock at all ports to
day. AS to price range or Tend il
is as difficult to form an opinion a.
determining the yield at the mo
| naent. iarus 81 "'r r'4t
The market hears Whispering
that powerful interests view with
disapproval any advance in cotton
fearing there will be a speculative
upheaval which is calculated to
cause secondary initiation. and tt
overcome this, the public is being
taught to believe that two disaster
crops sold to other countries at low
prices are just the thing to cure al
of our economic ills.
Undoubtedly something is the
matter, for after raising half cot
ton crop and with good prospects
Of doing very little better the com
ing season and with consumption
that took almost two such crops in