OCR Text |
Show COTTON SITUATION IN SOUTH Decreased Acreage in Texas and Oklahoma Okla-homa Will Probably Be Taken Up by Wheat and Oats. A prominent New York cotton brokerage bro-kerage house in its weekly review says in part: . "The question of acreage is steadily growing in importance as a market factor and is without doubt even now the most vital of the long-distance price influences. More and more sections sec-tions are being heard from and all reports re-ports so far received point to a decrease de-crease in acreage. The Journal of Commerce made a report as the result of a special inquiry as to the probable acreage to be planted in Texas and Oklahoma which says 'the Texas indication indi-cation is for a reduction of about 25 per cent, while Oklahoma expects to reduce 30 per cent The decreased acreage will he largely taken up with increases in corn, wheat and oats. Many people are also turning their attention at-tention to the larger production of feedstuffs for home consumption. It is too early to determine the exact acreage, acre-age, since weather conditions from now on until planting season will alter estimates.' "Last year 37,900,000 acres were planted in cotton. The excess in the acreage of fall-sown oats In the cotton territory this year is placed at 1,900,-000 1,900,-000 acres, and of fall-sown wheat at 1,800,000 acres. This should unquestionably unques-tionably be subtracted from the cotton cot-ton acreage, which, theoretically, would leave a little over 33,000,000 acres for the coming season, provided there should be no increase in the area allotted to corn, spring-sown oats and other food products. This, oi course, is highly improbable and it looks now as it a decided acreage reduction re-duction could be counted upon aside from the lil.rlihood that a certain amount of cotton land will be permitted permit-ted to remain idle." |