Greene County herald. (Leakesville, Miss.) 1898-current, 1922-05-05

uates Manufacturing. ~ II
st. Louis.-F1oods in the Mississippi
Valley have retarded farming opera-il
tions seriously and have caused total.
destruction of crops in some sections.
the Federal Reserve Bank of st. Louis
declared in its monthly review Of bust
ness conditions. ~
The report said the floods were
the worst in many years, had inun-
dated great stretches Of rich farm
land, wrought much damage In towns
and cities, and hampered railroad
traffic. t. 4
Reports from all sections Of the
Eighth federal reserve district, accord
ing to the summary, indicated that.
seeding of the spring crops has made
little progress, and that irreparable
damage had been done to the winter
wheat and alfalfa crops, as result
of rivers and creeks overflowing their
banks. Relatively little cotton has
been planted, it was reported.
An optimistic business outlook and
tO4ltuu00 btcouy ihPhoFSLhCht AZ
many lines Of industry, was shown
In replies to questionnaires sent TO
manufacturers and merchants in the
district, the review continued Com
ment was made in the answers that
conditions Of stocks and prices are
more stable, and that the public is in
need Of commodities, the report as
serting:
stocks OF merchandise In retailers
hands continue abnormally low in
many sections, and orders for goods
are being placed in large numbers.
Manufacturers are increasing their
purchases of raw materials and foi
the first time in a long while, are
accommodating finished. goods In antlc
ipation of demand later. Plentiful
and easing money has q tendency to
broaden manufacturing programs and
buying of merchandise for forward de-
| livery"
Prevailing conservatism was empha-
sized as the result of the first month
OF the nationwide strike of coal min-
ers, and some building and purchas-
! lib WClC Cui tahOu.f ANO utanICo IA
prices of coal and coke were noted
and consumers are said to have suffi-
cient reserve stocks to last them six
weeks longer. A radical curtailment
In production occurred.
Improvement took place in the mar.
ket for iron, steel, lumber, shoes,
clothing, groceries, automobiles, candy
| nd hor 1xuo xuhiI In
| ported in wholesale dry goods, flour
and electrical supplies.
Reports from scattered sections OF
the south indicated that while food
raised last year was in greater guam
tity than previous seasons, it will be
necessary for many southern planters
to purchase corn and hay for live
the next few months.
Throughout the southern states, a
strong campaign is being pushed for
diversification and production of food
crops and live stock, the report de-
clared A number of banks in Missis-
sippi are reported to have announced
they will nd grant credits for the
purchase Of food and fodder.
An abundant fruit crop is promised
in the district, and an especially good
crop Of strawberries in Arkansas, de-
spite slight frosts.
Not much corn was reported planted.
In Kentucky the acreage in corn was
reported smaller, while in Tennessee,
Arkansas and Mississippi slight de-
creases were Indicated In Missouri,
Illinois and other states of the dis
trict, the area sown in corn is expect
ed to be about the same as last year
Cotton planting was reported to be
progressing slowly. probably due to
the flood situation in the lower
reaches of the Mississippi river, de-
manding the attention Of workers to
help strengthen the levees. Arkansas
reported an increase OF 16 per cent
would be made in cotton acreage in
that state.
The soggy condition of fields as a
result Of many heavy rains and the
lateness of the season has caused an
unusually light acreage of oats to be
seeded, 1t was reported. and in some
localities q shortage Of cereals is
fearod.