Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-28
NEWS AND GOSSIP
OF tie FIeeCy Staple

NEW YORK. June q Carpenter, Bag
got d Co: TIE Journal of Commerce
says: Cotton in North Carolina Is
spotted, but on the whole conditions APP
pear to have held its own compared with
a month ago. when it was 81 per cent.
stands are about equally divided as to
poor and good and the plant is almost
universally small. but in good state
OF cultivation The season Is two or three
weeks late. and cotton is not all chopped
out Rainfall has been somewhat eX-
cessiNe and temperatures below normal
which in few localities has encouraged
spondents consider the crop well up with
me best of years, and barring adverse
weather conditions. expect good crop.
south Carolina The early part of the
month was cold ard yet. retarding growth
and the plant is small Grass is trouble
some in some sections and fields occa-
sionallN are neglected. Recent warm
wea ther, however. has greatly improved
prospects fields are well cultivated, and
m many sections, the season is normal
Percentage condition improved over a
month ago, and there is still q general
promise of good yield. In many dis
lricts the season is still about two weeks
late.
Dallas wires: Texas generally clear
and warm oklahoma generally fair and
cool s."
The cotton market has few friends
Most people believe in lower prices.
Bears in cotton maintain that if the
crop accounts continue favorable II will
be next to Impossible TO hold the mar
Craig. McElroy and Mitchell best buy
The National Ginners association re-
ported condition for June 81. This esti
mate Is decidedly bearish
Said condition in Oklahoma and Texas
mas been rendered as ideal by the abund-
ant rainfall.
The official government report records
not single heavy rain in cotton belt
Mnrh Nt1unfirc
Charleston and Augusta districts had no
rain.
Following are II a m bids July HIS
October t45. December 1154. January
11.48
NEW ORLEANS. June u Hayward &
Clark The weather map shows splendid
Mississippi Ala bama and Tennessee
where cloudy. Warm everywhere At
lantics had little rain on coast General
showers in Mississippi Tennessee. north
cations are for cloudy, possibly some To-
cal showers IN Carolinas Louisiana and
portion Of Mississippi Generally fair
elsewhere, warmer generally.
The New Orleans Times Democrat says
local interests centeTcd on July There
were no fireworks. because only few
notices Of intention to deliver cotton on
contract were issued. Rumor had II that
the quantity involved was 900 bales, but
only 500 bales could he traced. MI were
promptly stopped by exporters. some of
Nnom are Sald TO nave purchased more
July contracts yesterday. In the event
July longs stick to the end and demand
bale for bale. there may he fireworks of
a rare order
Meanwhile Liverpool is buying August
contracts ia New Orleans and that posi-
ton has climbed nearer parity with
spots. 1t is asserted that actual cotton
merchants are not reporting all their
transactions to the New Orleans ex-
change and that 800 bales of fully good
middiing. Liverpool class. were traded
in yesterday a 90 points on July. none
oning New York exploited heavy bid
ding for July there at 1113 as a bulHsh
factor at a time when New Orleans ex-
porters were offering 12isc for standard
middling here
Estimated receipts Friday.
1917 1911.
New Orleans ......... 500 to 700 767