Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1924-07-30
TRADE VOLUME DURING
JUNE MUCH SMALLER
Continued from page one

Continued from page one
exception of Alabama, have report
ed Improvement. In Alabama, The
review shows that the condition of
the cotton crop stood at 70 per cent
on May 25 as we'll as June 25.
Shortage of farm hands, which
made it necessary for the farmers
90 work longer hours, coupled with
:he limited credit which q few have
been able to secure, has resulted in
rigid economy being practiced, the
review states, while the increased
use. of poison for insects, following
last winters cold spell, has resulted
in much smaller amount OF wee
wills during 1924. The output Of
sugar and rice in Louisiana is de-
scribed as being Somewhat better
than last year"
Recessions somewhat greater than
probably expected because of sea
sonal factors, is shown in business
lines at this period, it is stated in
the review, in retail and wholesale
trades. Until more definite in
formation is gained regarding the
output of the seasons crops, ac-
cording to the review, business is
described as generally hesitating. .
An increase in unemployment
continued in June in the Birming-
nam district due to part time oper-
ations in various industries, al
though building and road work con
struction still employed large num-
bers, the review further shows.
Small increases from month to
month are noted in the saving de-
posit statistics, while the total saw
ings held by ninety four banks at
the end of June was III per cent
greater than compared with the
same period in 1923. Although re-
serves are high, bank loans are
given as being at a low point, the
same conditions being true of the
Federal Reserve Bank, which re-
serve ratio was reported higher in
the weekly statement issued on july
16 than in any preceding report
date in almost a year and half.
The review continues.
Retail Trade: Sales and stocks
both registered declines in June, ac-
cording to confidential figures re-
ported by 43 department stores in
the sixth district. The index num-
Der of sales by these 43 reporting
stores in June is $3.50, compared
with 1864 in May, and stocks and
merchandise on hand at the end of
June were 6.7 per cent lower than
a month earlier. This decline in
sales is somewhat greater than that
which occurred last year At the same
time, when the index number ce-
elined from 1881 in May to 1O4.7
in June"
wholesale Trade: Confidential
reports made to the Federal Reserve
Bank for June by more Than $50
representative wholesale firms in
the Sixth District, in nine differer.
lines of trade, show a smaller
volume of business than in either
The preceding month or the corre-
spending month last year. Electrical
supplies is the only line to show a
larger volume of sales in June thar
IN May or June 1923.
DRY Goods Dry goods sales dur
ing June at Atlanta and New Or
leans We're larger than in May. but
declines at other points resulted in
an average decrease for the district
Of 10.4 per cent, while compared
with June 1928, sales showed a Je-
cline of 17.3 per cent. Collections
were reported good by six firms,
fair by thirteen and poor by one,
Agriculture: The area in cuItiya-
ton throughout the belt is .ostinated
by the Department of Agriculture
o be about zO,4O3,O 900 acres. an n
,rease Of 100000, or Al per cent. |
as compared with The revise estin,ts
Il acreage ia,eultivation year ago
anf the estimated nprpduetion 4
pi4eed at 12,144,00O bales, based
lpln this aereage ana tlis condition
5H June 25. Georgia's arop Is q !
better condition and tha proaneess
or making a crop brighfAr tn. 4.