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

NEW YORK. June 27.-Carpenter, Bag
got g. Co: The 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 "a per cent.
Stands are about equally divided as 10
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
G Sgt fa and nae q beow
which in 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 q good crop
South Csrolina-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 arc neglected. Recent warm
weather, however. has greatly improved
prospects, fields are we'll cultivated, and,
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
The cotton market has few friends.
Bears in cotton maintain that II the
crop accounts continue favorable 1t 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 q single heavy rain IN cotton belt.
Much warmer weather in Atlantics.
(Nh4rlaufnn n ArYo digfr 1ntu hod mr.
rain.
Following are L a m. bids: July Ills,
October II As, December 1854, January
NEW ORLEANS. June 27.--Hayward &
Clark: The weather map shows splendid
conditions; fair over entire belt, except
Mississippi Ipi, Alabama and Tennessee,
lantics had little rain on coast. General
showers In Mississippi, Tennessee, north
alabama. where they were needed Indi-
cal showers in Carolinas, Louisiana and
portion of Mississippi Generally fair
elsewhere; warmer generally
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 1t 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
JuIy contracts yesterday. IN the event
July longs stick to the end and demand
bale for bale, there may be fireworks of
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-
oning New York exploited heavy bid
ding for July there at lib as a bullish
factor at time when New Orleans ex-
porters were Offering 12hc for standard
middling here.
Estimated receipts Friday:
1912. 1911.
New Orleans ........ 500 to 700 767