Word: baling
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Dates: during 1920-1929
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...price for future cotton, the latter never long lose sight of the weather map. For just now, it is mostly a question of the weather how large the 1924 cotton crop will be. On Aug. 1, the Government estimated this year's crop at 12,351,000 bales. But its report of the "condition" of the crop on Aug. 16 was 64.9-from which fact the trade is beginning to talk of a 13,000,000-bale crop. The boll weevil, while by no means eradicated, is not expected to be so severe a scourge to cotton this year...
Dauss King grew a bale of cotton on his Lord's acre, which he did not even spray with calcium arsenate. "It is in the Lord's hands," said...
Before the appearance of the boll weevil, the American cotton crop had reached 16,000,000 bales in one season. The demand for cotton has been good for the past two years, but so serious have been the inroads upon the cotton plant by the insect pest, that including the present year, there have been short crops for three years running. Slack demand and low prices can account in part for the small 8,000,000-bale crop of 1921; and to a much lesser extent for the 9,000,000-bale crop of 1922. During the past year, however...
Just how critical the cotton shortage will prove, will depend upon consumption as well as production. Consumption for 1923 is estimated as 630,000 bales less than in 1922. Actually, we have so far this year exported 283,499 bales more than we had last year at this time, and consumption for 1923 may exceed the 12,000,000 bales estimated. On the other hand, the high retail price of cotton goods has already caused a partial buyers' strike, which of course cuts down consumption by spinners of the raw bale cotton. While mills will continue to buy even...
...fall in the percentage condition from 71% on May 25 to 69.0% on June 25, to 67.2% on July 25 and finally to 54.1% on Aug. 25 has naturally reduced in proportion the estimate of the size of the coming crop. This estimate now stands at 10,788,000 bales, compared with an estimate of 11,516,000 bales made a month earlier, and with the single exception of 1921 is the lowest for August in the past nine years. The pessimistic tone of the Government forecast was a complete surprise to the trade, and resulted in a sharp advance...