Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1911-06-13

HAYWARD & CLARK COTTON LETTER
NEW ORLEANS. Ia. June 12--IAverPool l.
cnutent 10 follow our markets. This Is shout
the best policy. The coming crop Is all i'm
rortant and determines near and distant values.
The crop Is made this side and our mar
kets are more familiar With rs prpgress- ihe
Times Democrat IN it, monthly crop summary
to June S. egrees with other authorities
The nap shows generally fair belt, except
partly cloudy % cloudy In central and north
Texas No rain Of consequence and there was
none over Sunday Temperatures are somewhat
lower IN Oklahoma and northwest Texas but
rnntinne very high elsewhere and have risen
materially uver the eastern belt. Indications
are Tor partly cloudy and cloudy weather In
the northwestern quarter or the belt. possibly a
little precipitation caused By the cool wave. but
o. general relief Is yet in sight Generally fair
and hot weather i Indicated for the rest OF
the belt. except possibly some eloudiness and
some precipitation IN North Carolina Few re
alIze how serious the situation Is and what
TIE consequences viii be II there Is DO mois-
ture Ia the near future drought IN July and
profncrfon bur Il is not half bad when a
drought ocrurs just after cotton i planted.
The impofssnce q tnls a5y spen ! ane - ne
time AZ which i occurred large portion Of
this crop has nor Jet attained size at which
Il can prodnce anything.
Liverpool shows new crops about points
higher Il the elose. Our market opened fiat
% old CROPS and continued rather idle on sum
mer poxtdors. but new crops opened about ID
able on the advance. the market took all offer
ings With ease and prices worked IS high as
IS "a for October.
FIRST BALE OF COTTON
HOUSTON. Tex. June 12.-The first bale Of
the 1911 cotto0 crop was taken into the local
cotton exchange Tor sale today. IL i claimed
that this bale make a new worlds record ~
eleven days for the appearance at market OF
ne aeasgnfs first bale. The hale came from the
farm Of Ernest Natz. IN Cameron county.
me cotfaa vas sold al s2.O5.s4 per pound.
the total weight being f93 pounds. and the price
1.0l5- This vas the highest price ever paid
= Ipsse Jones Who Is not IN the cotton bus
iness. vas the successful bidder. He says be
does not know yet what he viii do with the
cotton Re had three competitors until the
81 900 marx was reached. whthen the Others
The bale vas carefully examined and pronounc-
NAVAL STORES
SAVANNAH. Ca June 12.-Spirits firm AT
slasi. Resin firm; .a,sE White s "a p; win
sss7is: ss.s7lsi + ss.s5; Se.9S; +
81 saH: Z $3.50. B S8.22H. Receipts. spirits
I'd. resin 2oS5-
CHICAGO CASH QUOTATIONS.
CHICAGO. June I2.-cash grain:
Wheat-No. red. sos g s9A@e; 10. hard
lSasIc; No l northern sf4s9e; No.
Northern. a21secs No ? spring. so0s4c; vel
vet chaff. s5as2e; drum. s5Gsse.
assEe. No. yellow. 54z a55Ae.
-Oats-No. ?. 3Gl5 SHE; No white. $50
MeEtEs sNaHaaAa - go
KANSAS CITY CASH QUOTATIONS
KANSAS CRY. June l2--Cash:
wheat f12e lOVer; No. hard. s44sie; No.
Com UNCHANGED 70 lse higher; No. mixed,
oats steady; No. ? white. ssasae; No.
mixed. 36&3Te-
ST. LOUIS CASH QUOTATIONS
ST LOUIS. June ie.-Cash-Wheat. lower;
,rsrk No red S50SScs No. hard sS8o5c.
Corn higher: track No. :. 55455lze; No.
white. 55Ec-
&c.
SELLERS PANIC KIT JULY WHEAT
CHICAGO. June IA sellers panic BIT
Irs~ uheat to-day and AZ one time the pres
~6.~e4 = fan o. nearly : cents bushel.
Relief Mas widespread that the leading own
- ~ cash wheat taken la on May contracts
- selling the grain for July delivery ana
- e.fns short % deferred months. antiei-
atm the hedging ~ new crop wheat SON
p~~nsratory t. such narrower today the bull
= - snaurenrly supported TIE market during
-. .s.rif Trading and helped hoist prices
T-t.r= faue = well rectfd effort 70 unloac
:. !. - saIiDg orders fuom ether sources
t,,..~s-r we're brought into operation In con
s-arencc prices dropped as much IS re BE-