The Birmingham age-herald., 1923-10-07
BIC INCREASE IN. SATSUMA YIELD IS.
 FORESEEN BY CYST.
Favorite Scheme Of Specu- IatorS To Pound Down Cot
 ton Prices Is Revealed
STATE CAPITAL BUREAu
 THE AGE-HERALD NF1-Rwov,awxv Alb na4 q

Dry weather has been favorable to opening and picking of cotton, and has also benefited other crops, al though preventing fall blowing and sowing. according to a statement is- sued today by r. w. Gist, agricul- tural statistician.
 Aside from comment on general field crops, MT. Gist's statement con tains interesting data on the satsuma industry of Mobile and Baldwin counties. He gives the indicated yield at 450.000 ooxes, an increase of 100000 over last year, while a big number of bearing trees and new acreage devoted to satsuma Is noted
 Mir. Gist's statement fellows:
 A Favorite Scheme.
 "A very significant phrase was hid- den away in .he story which came out of New York on the End instant relating to the action of the cotton market following the government report. It was due to the effect that the loss in price following the con- dition report represented 0 loss of S100,000.000 on the crop forecast" This figure was given as represent ing loss of $S.75 per balc on 11.OO0,- 900 bales. It is true that after go- ing up after the census ginning re- port the future market fell ITS points
  ceived. However, the plice of spot !, cotton for hat day on the 10 lead Ting spot markets lost only 35 points, Y or $1.75 per oa'e. Now 1t happens ? that only about 73,000 bales per day . are received as an average on an {, eleven million bale crop during the season, and at this particular time | not more than that average is re- ceived from sll farms growing cot ton. If all these were sold at the reduced price for the day. then the loss in value on actual cotton nov ing that day was less than $12S,000, or but little over one per cent Of the loss stated by the New York story. It also happened that the next day the price of spot cotton ad- vanced 22 poinrs, or nearly as much as it lost on :he End.
 This method of calling attention to q falling market is a favorite one. It Is practiced by everybody who happens not to like the particular thing which takes place on a given day with respect to cotton. The term lone hundred million dollars ' rolls off the tongue so nicely and sounds so impressive that the disap- { pointed ones just can not keep from s,using it. It is alright except that it never happens to be true.
 |. Cotton Opens. 4 ' Another week of dry weather has 4 beeQ experienced on Alabama farms. 1t Has con tinued to open cotton. en- Table farmers to pick without inter Y ruption. hastened the maturity of corn, put sugar in the cane and the vans, made having easy, kept the peanuts from rotting, while on the other hand it has prevented blowing for fall sowing and made the win ter gardens look rather sick. Pas lures have suffered some, but cows are still finding good grazing.
 "Information received from Mobile and Baldwin counties indicates that the satsuma crop this year will be 450,000 boxes compared with 350,000 last year. Approximately 100000 more trees of bearing age are found in those two counties than a year ago, and increased plantings during the year was about 2.00Q acres, or 100000 new trees. This makes the acrage devoted to this industry in the neiehborhood of 17,000. The price which growers will receive can not De safely stated at this time, as the fruit has not begun to move. Last year growers received net s1,S5 . for No. l, $1.14 for No. 2. and s076 for No. 8.