It's been said by others, more enlightened than I, that there is a "rule pf thumb" method for determining a good starting point for the CG placement.
It goes like this.
Determine the percentage of the wing area, of the stab and elevator. For the sake of this example, we'll use a modern number, 25%. (Thanks Ted.) We'll use a starting CG of 25% of the MAC. If the area of the stab and elevator, had been 18%, we would have used a starting balance point of 18% of the MAC.
Determine the MAC, the chord line approximatley half way out on the wing. Several ways are available to figure this, but the method of adding the legnth of the root chord to the tip chord, and dividing by 2 will give you a legnth close enough for our purposes. For this example, we'll use 10" for this legnth.
Find the location along the wing, where the distance from the leading edge, to the back of the flap, equals our 10" MAC legnth.
In our example, 25% of 10", we should measure back from the leading edge, along this line, 2.5 inches. The indicated spot would be our balance point at 25%, but since this is in the middle of the wing, we can extend the line out to the tip, or to the wing fuse junction.
Now, very good advice, has been previoously been given on adjusting, (trimming) the CG.
Best wishes.
John Miller