Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1912-06-18

I the recent advance haze been good sellers to
secure profits. shorts have been forced 20
cover aud have practically ceased their opera
/ tons FOR the time being Notwithstanding that
/ crnp accounts continue Of the most optimistic
character. Technically the market is specua-
/ lively long, where a few weeks ago at SO per
/ bale lower Il was badly oversold.
/ The spot situation has been used as the chief
/ bun argument. Good grades seem 70 be hard
/ TO get and are commanding good premium.
/ On this account sdYOcateS OF higher prices are
eontepding that as this last crop has not been
/ = pressure on the market another large yield
/ must be had In order 10 keep prices at this
level. Basing their bullish ideas on this theory
/ they are content 10 buy the new crop options
With the expectation OF only moderate yield,
arguing that With late start and a reduced
acreage crop OF over 1s,SOe,oOo bales Is I'm
| probable.
There is no question that the visible supply
viii Be larger than last year, and. too. from
all Indications the reserve stocks OF both raw
material and finished product have been well
/ built Up the world over. On this account II
seems vel TO await further crop Developments
before taking a bullish position, especially as
futures ere WITHIN g r ss5,s 81 az We uet
We can see nothing mone than a broad scalp
l ing market for the immediate future and be-
/ iisve that sales on hard spots viii soon pay
moderate profits.
HAYWARD & CLARK's COTTON LETTER
NEW ORLEANS, La, June l7.-Meather
conditions over Sunday were perfect. While
official forecasts were for unsettled, showery
weather IN the CeulIAA ana NarNtfA nAAANaf
there was, In fact, very little precipitation
there. On the other hand, this mornings map
shows splendid rains in northwest Texas, Okla
bona and west Arkansas, where IL was needed
Nice high night temperatures throughout the
belt. somewhat lower day maximums In tne
northwestern quarter. Indications are for fair
In the southeastern quarter OF the belt; partly
cJoud With probably a few Isolated thunder
showers IL the central states and the Caro-
Iinas. Cloudy IN Oklahoma and Texas, with
prohably more general rains IN Texas.
| I1verpo0f cane strong, With futures about
4 points better than due; spots, points lower
sales were large. being ls,O0o bales. the
strength there and the good opening In New
York we're, Il appears. due to a bullish eondl-
tion forecast by Miss Giles, making the conai-
tion on June "a, 500, against sos on May p,
when tie favorable weather Developments over
sunday became known abroad. The first trades
here were az ,vsrn sT Rolhi tse gies conation
report which was a great surprise. lnforma-
tion here confirms considerable improvement
In crop, but such condition forecasts az Apols
referred to shows that the north Is possessed
Of different ideas and the scarcity OF seners
explains itself By fear OF further pull opera
ton, probably IN order to build up market
on which TO reduce long lines beore the coming
bureau report.
NAVAL STORES
SAVANNAH, Ca, June 1T.-Spirits steady,
As cents: sales none. Rosn firms water white
sI.eo. window glass s7;56 S;Ss, sf.49s
q ~ 80 ss SOD ss.4o $500; sales none.
Receipts spirits. esq., rosin, 1.Tes.
BUTTER, CHEESE AND EGGS
NEW YORK, June 1.-THE butter market
vas unsettled. Creamery extras, 2ehq2Iei
nrsts 2sei seconds, 2ll4@22e; state dsiry
tubs, finest zec geod to prime, ,ra 1ae zs
25ikc. firsts. 24a24ikc; seconds 22dzSc; fac
tory current make, frsts, 22is 92Se; seconds,
al62iMc; current make, 1sh@2Oe packins
ess market nrH :s:: v4 4ss., mix i. new
state whole MILK new under s5sass, i Deg
best. I[ike; skins, new specials llQllAei
new choice, s%d1oei SKINS undeFsFaaes'
ErE market steady; fresh gathered extras,
Hds2c; firstts, 1sh 6lec; fresh gathered
dirties, No. 1, lie; No. 2. logleei nesn
Estnered checks, prime l5al5lkei poor to fair,
Ia ~ storsse eharFes paid. aOd20lSc do frSts
Zoe; do poor. lTaisc; do. dirties. ieo2Oe.
KANSAS CITY BUTTER AND EGGS,
CRy Associated Press.l ss-
KANSAS CITY, June 17.-Butter, creamery,
2sHc; fIsts, 21e; seconds. 20ci packing
Esss, extras, issi fiFsts, i7ei seconds ise'
ooMMKRc1A1 APPEAL's REPORT
MEMPHIS. Tenn.. June 1.-THE Commercial
Appeal publishes today the following review Of
sSs e fShS'iqRi fS Sur fns tbe week in
Georgia and the two Carolinss. Elsewhere the
rainfall was highly beneficial to cotton aud
Warm weather set in at the close OF the week
following hu1seasonably low temperatures east
OF the Mississippi river for several days. THIS
made tee outlook more hopeful and the week
4 whole was favorable one.
Widely scattered local showers In Oklahoma
and Arkausas were Of very great benefit in
thoss states and the late planted cotton Is be
ginning 10 come up, but there are still some
fields that have not sprouted
Conditions In Texas are uniformly good, no
complains being received. The cotton IL not as
well developed as last year, but is now grow
ing rapidly and the state Of cultivation Is eK-
cellent
Cultivation is generally vel advanced save
In the Atlantic states, where, owing to too
much rain. a few Fields are grassy, As
plant Is beginning TO look more vigorous than
heretofOTe. II Is stin email, however, as
showers are needed In all central and western
states 10 stimulate the plant.
LIVE STOCK By WIRE
(By Associated Press.)
ST. louis, June iT.-Cattle; Receipts 1000.
steers. ssooGs IS; stoeisrs. ss.75as.7s: Texas
an dlndlan steers, S5.256S.0oG cows and heif-
ers ss.7S9s25; calves in carload lots, $500
Hogs-Receipts 1000; market 5a1oc lower;
pigs and lights, S5.25dT.45; mixed and butch
ers, S.l5g7 40; good heavy, sT.4o@7.45.
sheep-Reeeipts 5,OO0i strong; native NUT
TONS Ss.T5a5.Oo; lambs, s.. Oo9s.e0.
CHICAGO, June 1T.-Cattle-Re Receipts 21 900;
market weak, mostly i0c lower. Beeves, 50. 10
~ 90 Texas steers, 80. bOGS- -; western steers
SO. 500 8. %; stoekers and feeders 81 25@6. 80;
cows and heifers, 81 .9ods rs; calves, 5.JO9
s 80.
Hogs-Reeeipts. $4,000; market slow. 5a1Oc
under Saturdays average. Light SO. e66lT. 30; /
mixed, Sc. s6GT IS; heavy, So s0aT AS; rough,
So s0g7 10; pigs, IS. l096.T5i bulk OF sales, |
81 .25nT. IS.
Sheep-Receipts. 1900; market slow, gen
orally steady. Native, s. T5db. 10; western,
81 .5on5 IS; yearlings, 81, T5aT 90; lambs, ma
tive, 81 258s %; western, 81 506 90; spring
lambs. s. .25Ge. 90.
COTTON OIL MARKET
Open Gloss
epeAss .s-.--r.-. o.oOd0.eO
June. .. =. .. =. ..6.T0G6.TT 6.T5GT 90
July. =, e.. .. :. =. 6.sTd6.S9 e.s76e SO \
August .. .. .. 6.sT96.09 6.9IQ6. 80 ]