Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-08-02
PROGRESS IS MADE
IN FIGHT AGAINST
RAvACE OF WEEV|L

Brighter prospects at q this time
for the seasons production Of cot
ton than was true two or three
months ago and material improve
ment in the condition of all agricul-
tural crops in June and early July,
while in most lines of business there
is being experienced "a seasonal
lull," said to be usual at this time,
is reported in the July monthly
business review covering the agrl-
cultural and financial conditions OF
the Sixth federal reserve district,
issued Wednesday.
The cotton crop is said to have
improved from 65.6 per cent of no.
NAL on May % to 71.2 per cent on
June rs, in the report made by the
department of agriculture, accord
ing to the review, while all states
in the Sixth district, with the eX-
ception of Alabama. have reported
improvement. In Alabama, the re-
view shows that the condition of
the cotton crop stood at 70 per cent
on May % as well as June 25.
Shortage of farm hands, which
made it necessary for the farmeGs
" WOIh HOulS COuplSu Will
the limited credit which 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 weevils
during 1924. The output of sugar
and rice in Louisiana is described
us being somewhat better than last
year.
An increase in unemployment con-
tinued in June in the Birmingham
district, due to part time opera
tons in various industries, although
building and road work construc-
ton still employed large numbers,
the review further shows.
Savings Increase
Small increases from month to
month are noted in the saving de-
post statistics, while the total say
ings held by ninety-four banks at
the end of June was IL per cent
greater than compared with the
same period in 1928. Although re-
serves are high, bank loans are Civ
en- as being at d low point the
same conditions being true of the
Federal Reserve bank, which re-
- W ItAN1C wac lSpOI Yea HISuGf III
the weekly statement issued on July
Is than in any preceding report
date in almost a year and a half.
Retail trade sales and stocks
both registered declines in June, ac.
cordlng to confidential figures re.
ported by 43 department stores in the
Sixth district. The index number
of sales by these 43 reporting stores
IN June is 96.6, compared with 1O6
In May, and stocks and merchandise
on hand at the end of June were 81
per cent lower than a month earlier.
This decline in sales is somewhat
greater than that which occurred last
year.
"WholesaI trade: Confidential re-
PORTS made to the federal reserve
bank for June by more than 150@rep-
resentative wholesale firms in the
Sixth district in nine different lines
of trade, show a smaller volume of
business than in either the preceding
month or the corresponding month
last year. Electrical supplies is the
only line to show a larger volume
of sales in June than in May or
June, 1928.
Dry goods sales during June at
Atlanta and New Orleans were larger
Lnan IN May, but declines at other
points resulted in an average de-
crease for the district of 1914 per
cent, while compared with June,
1928, sales showed a decline of 17.3
per cent. Collections were reported
good by six firms, fair by thirteen
and poor by one.
Acreage Increase
1.-The area in cultivation through |
out the belt is estimated by the de- |
department of agriculture to be
about 40, 100000 acres, an increase
of 1,702 900, or A per cent, as COM |
pared with the revise estimate of
acreage in cultivation a year ago. !
and the estimated production is
placed at L, IA, 900 bales. based upon /
this acreage and the condition on
June %. Georgia's crop is in better
condition and the prospects for max
ing a crop brighter than in several
others. Fields on June % were re-
ported to be in a good state of cut- |
tivation in most of the state, plants
are fruiting rapidly in southern
Georgia, and the number in the
southern part Of the state is very
much smaller than last year.
Reports from Alabama indicate a /
stand on June - about - per cent
perfect, and a poisoning Of about 1875
per cent of the acreage on June 25