Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-06-27
NEWS AND GOSSIP
Of tire FIeecy Staple

| NEW YORK, June 27.-Carpenter. Bag
Says Cotton in North Carolina is
j spotted, but on the whole conditions APP
/ pear to have held its own compared with
+! a month ago, when it was 81 per cent
j Stands are about equally divided as &c
! poor and good and the plant is almost
universally small, but in a good state
Of cultivation. The season is two or three
weeks late, and cotton is not all chopped
out Rainfall has been somewhat ex-
cessive and temperatures below normal
which I'm a few localities has encouraged
lice. very fair proportion of corre-
spondents consider the crop well up with
the best of years. and, barring adverse
weather conditions. expect good crop.
South Carolina-The early part of the
month was cold and yet, retarding growth,
and the plant is small. Grass is trouble
some In some sections and fields occa-
sionally are neglected. Recent warm
weather, however has greatly improved
prospects, fields are we'll cultivated, and
In many sections, the season Is normal
Percentage condition improved over a
month ago, and there is still a general
promise of good yield. In many dis
tricts the season is still about two weeks
late
Dallas wires: Texas generally clear
and warm oklahoma generally fair and
cool"
The cotton market has few friends.
Most people believe in lower prices.
Bears in cotton maintain that II the
crop accounts continue favorable II will
be next to impossible to hold the mar
ket
Craig, McElroy and Mitchell best buy
ers Ring selling
The National Ginners association re-
ported condition for June "a. This esti-
mate is decidedly bearish.
Said condition in Oklahoma and Texas
has been rendered as ideal by the abund-
ant rainfall
The official government report records
not single heavy rain in cotton belt.
Much warmer weather in Atlantics.
Charleston and Augusta districts had no
rain.
Following are II a. m. bids: July IL IS,
october II As, December ILL.,. January
11.4s
NEW ORLEANS. June 27--Hayward &,
Clark: The weather map shows splendid
conditions; fair over entire belt except
Mississippi, Alabama and Tennessee,
where cloudy, Warm everywhere. At
lantics had little rain on coast. General
showers in Mississippi, Tennessee, north
Alabama, where they were needed Indi-
cations are for cloudy, possibly some To-
cal showers in Carolinas. Louisiana and
portion of Mississippi. Generally fair
The New Orleans Times Democrat says
Local interests centered on July. There
were no fireworks. because only a few
notices of intention to deliver cotton on
contract were issued. Rumor had it that
the quantity involved was 900 bales, but
only 300 bales could be traced. All were
promptly stopped by exporters, some of
whom are said to have purchased more
July contracts yesterday. In the event
July longs stick to the end and demand
bale for bale, there may be fireworks Of
a rare order.
Meanwhile Liverpool is buying August
contracts in New Orleans and that posi-
ton has climbed nearer a parity with
spots. 1t is asserted that actual cotton
merchants are not reporting all their
transactions to the New Orleans ex-
change, and that 500 bales of fully good
middling. Liverpool class, were traded
in yesterday at 100 points on July, none
Of which appeared In the official reck-
9nins New York exploited heavy bid
factor at time when New Orleans ex-
porters were offering 12hc for standard
middling here,
Estimated receipts Friday
1919. 1911.
New Orleans ......... 500 to TOO 767