San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-30
Goods Manufacturers and
Traders Will Change
Attitudes.
ESTIMATES ARE MIXED
Increased Demand for Fin
ished Products Has
Appeared. j.
BY j. c. ROYLE.


New York, Aug. 3O-The waiting
attitude which many cotton goods
manufacturers and traders have been
following is not likely to be main.
tanned long after the publication Fri
day of the report of the Department
of Agriculture on the condition of
the present cotton crop as of August
%, no matter what the official fig
ures may show.
Increased demand for finished
products has, appeared in the goods
trade even at price levels slightly
higher than obtained short time back
and hopes for a drop in quotations
based on cheaper costs Of raw cotton
are beginning TO fade.
Even if the bureau report should
indicate a yield of well over 11,0O0,-
600 bales the statistical position of the
staple is such that demand for goods
would not be materially checked.
In addition recent consultations OF
textile interests and purchases of tex
tile machinery in New England give
indication of increased activity in the
mills.
Crop Predictions Vary.
Private estimates this month have
placed the condition of the crop at
from 55.3 to 5S per cent as compared
with 67.2 as reported by the Depart
ment of Agriculture as of July 20.
These reports declare that heavy
deterioration has come about this
month through drouth in some Sec
tions, too much rain in others and In
sect damage over a wide area.
These condition figures show de-
terioration in excess Of the ten-year
average and many factors in the trade
are basing their calculations on them
owing to the fact that the government
par" or key for finding the indicat-
ed yield which is determined from
month to month over period of years
has been sharply criticized as not ap-
plicable 10 the present situation.
One crop statistician whose est.
mates have shown remarkable accur-
. acy has called the attention of the
depa rtment to his contention that as
the loss in condition this month shows
N loss in excess of the tenyear. avcr-
age it follows that the indicated yield
as figured out blythe August % par
would forecast crop less than the
July % estimate of the department
WHICH WIS lpI -Dlp.OOo
ON the other hand. however, such
of 11.100,000 bales, which seems i'm
possible.
Individual crop Investigators also
contend that the labor shortage, I'M
favorable weather and insect activity
point to a large abandonment of acre
age and that every private reporting
(which has pnnnniln1
estimates has found much less land IL
cultivation than indicated by the de
partment.
The Georgia Cotton Growers Co
operative Association closed its first
years business today with every pounC.
of short staple cotton handled, sold
and delivered.
Officials stated the association had
secured net profit of S1,J00,000 for
its $4,000 members through judicious
marketing. an average price of 2I.6O
cents a pound being obtained against
a general average for the crop of 24.GO
cents.
The cost of operation. they said. in
Guiding storage. insurance. grading
and selling was 1.JI cents pound.
More than 10000 planters have signed
contracts to market their present sea
son crops through the association.
Heavy BituminOus Shipments.
While carriers and distributors were
adding their objections 10 certain
phases OF the Pinchot anthracite
peace plan. consumers of bituminOus
continued to receive large shipments
for their winter needs.
Bituminous coal shipped from Lake
Erie ports TO Upper Lake and North
west ports up 10 August % totale,l
1S,S63,9JS tons since the opening OF
navigation which included 933, 9ls
pzaons used for fuel on boats.
This tonnage compares with 1901
944 tons last year when the mine
strike was on, 1860, Alb in 1921. and
10.2S2, ST3 in 1920.
The reason for the heavy shipments
this season is that while other see
tons were pretty well supplied wit1
soft coal earlier in the year. the bins
of the Northwest were practically
empty.
Then also the heavy shipments OF
iron ore from the head of the lakes
this season provided an unusual sup.
ply of bottoms for coal on the up,
trips.
THE Northwest is now well sup.
piled with soft coal. although still
lacking its usual supply of anthra
cite" said L. X. Maher. large Cleve
land operator who has just returned
from the Northwest.
Investigation Of reports that 1000
600 tons of anthracite had been re.
ceivel at the head of the lakes showed
that an error in transmission by one
of the telegraph companies had dis
torted the figure by 100000 tons
About 100000 tons has been received,
or from 100000 to 100000 less than
the normal requirements.
Mr.. Maher estimated that there
would be soft coal production this
year in excess Of actual requirements