Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-05
COTTON GOSSIP

NEW YORK June 5.-The principal
feature or che market to-day was the
strength in July Cone. Schin and Wa
iers purchased the option heavily, caus-
ing the advance
Marsh. Hentz. Myers and Montgom-
cry were the leading sellers.
sentiment continues very bearish.
The market was extremely dull YES
terday, there being practically no ont
size business. The only feature was a
ntHe strength in July on buying by
waters, Hentz and Liverpool This
lt month hrmness held the new crops
STEADY, but there were no operations
III me latter Of any significance Some
OF the gossip affecting July was that
Liverpool would take 10000 bales more
9 Gut. OF Jhe local stock, that a prominent
New Orleans operator here was arrahg-
ing 70 finance what would be left of the
ceftncated supply and that there was a
snort interest IN July of 100000 bales.
Those buying the near options are ap-
pafentiy selling the new crop
Sentiment continues bearish and no
advance Of consequence is expected as
long as This feeling prevails. With the
Liverpool continues to report firm ca
hles, with big sales. The English on
orators, orators, however, have discredited the
day was said to be based on rumors of
not winds in Texas. Unless certain
sections Of Texas receive good showers
during the next few DAYS the crop will
suffer materially.
Liverpool cables: American middling
fair, 722d good middling. b.sSd: mid
ding 6.66d; low middling, 650d; good
ordinary, 6l49 ordinary. 5.8Od.
NEW ORLEANS. June 5-Tbe
weather map excellent. shows fair over
south central belt partly cloudy else
where Nice scattered rains in North
west Texas, parts Of Oklahoma, Arkan-
temperatures will prevail. Indications
are for rain; cooler In Western States,
Arkansas, North Louisiana, North Mis-
sissippi, Alabama and Atlantics.
Memphis wires: "Showery and unset
tied weather is indicated for most parts
OF cotton belt during next "a hours
Further light rains are reported from
Atlantic States, which IS quite favora-
bic.
The New Orleans Times Democrat
says. New Orleans declined and New
York advanced, the net result being the
practical restoration of the parity be
tween the two markets existing prior to
Friday, when the holidays began Most
everybody is bearish on favorable
weather, but i'm spite Of the fact the
bears have predicted toboggan price
slides ever since last winter. the mar
ket continues 10 move along a we'll
beaten path, with the actual stuff hold
ing its own in a confidence generating
manner.
Nevertheless. the spokesman for the
bear party are talking, with increasing
assurance about the splendur Of, the
crop prospects, the rapid progress being
made. and the .favorableness Of the
weather when contrasted with the
weather during April and May last year
and they now go even so far as TO
uropheSy very early large movement
of new cotton. only short while ago
ing to the world that while the chance
for a large crop had not been destroyed
bv cold weather and by dry weather
he necessity for replanting had de-
troyed all chance for an early maturing
crop"
a very reliable party writes from
san Antonio, Texas. we are certain
.y having growing weather here for
cotton. and where rains have been suf-
iCient the plant is doing nicely. There
Is a section including all the country
between san Antonio and BeeVille and
west or that line where no rain Iel
when we had our rains about the middle
Of Nav and where crops are doing very
poorly ON the whole the crop is still
very backward in this section and a
good rain would be Of great benefit in
AN Of South and Southwest Texas
one of our most trusted cOrre-
sp1udents from Georgia writes: do not
agree with the Government condition
report of this state They state. how
ever. that it was only made up 20 May
25. or a little before, and at thar time
we We're badly in need Of rain We
have had ample rain since then. how
ever. and the weather is hot and favora-
lle Stands practically perfect, fields
clean and well cultivated. and while q
little late. possibly conditions just now.
with a week more of clear weather to
CnOppIng out, could scarcely
1a more f4vDra hIn "