Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-20
COTTON GOSSIP

The impression seems 10 prevail here
that the July option IS pretty well tied
up with the stock here so small
Around the close yesterday Black.
Waters, Virgins. Finn. Mitchell
Schil and Iiartcorn were the leading
buyers while sieuberg, HaHneman,
Shautz Hubbard clifford. Montgomery
and Wilson were the best sellers.
Foreign houses say they are getting
orders 10 buy on scaledown.
There is considerable guessing re-
gaTding July. Many think there Is stin
a large short interest existing in the
Htou. while on the other hand many
think II dead duck.
Dallas wires: Texas generally part
cloudy 10 cloudy. light rain al Amarillo
oklahoma generally cloudy"
NEW ORLEANS. June 20.-Hayward
g. Clark The weather map perfect gen
orally. fair in the western half partly
warm night temperature. No excuses
anywhere. Few scattered showers in
Alabama Georgia and west Texas. In
dicatous are for generally fair In At
lanucs. partly cloudy 20 cloudy else
where scattered thunder showers, cool
or iu the north.
Rainfall: Amarillo .os. Montgomery
.03, Jacksonville "a. Jackson. Miss, OF,
Admission Ala. 49,
New York wired late Yesterday. Il
looks Ike market IS being supported 10
sell on
The New orleans Times-Democrat
says. The shakeout In the crop re-
porting division Of the Department Of
Agriculture az Washington started the
tongues Of the gOssips going in the cot
ton market and the condition Of the
crop was the leading news Of Discus
sion. But nobody made any practical
progress in solving the riddle Of the
market and price variations were lin
tied
In certain sections OF the belt be-
cause of the mildness of the winter the
boil WeeNils are unusually active for this
time Of the year. and high price people
never tire Of exploiting the fact But
cotton market bears gain hearing
when they explain that boil weeyils
We're In the cotton fields I'm the big
crop years. since when. through Cow
eminent endcavOr, the farmers have
learned how TO fight the pest more eff
feCtlvely.
THE first analysis lacks impeuing
inspiration In either direction. The
intrenChed position Of the New York
july longs and the fact that the trade
holds the bulk Of new crop long interest,
while spectators hold the short end
NAHi4't as d hhllltl against btATISn en-
terprise. on the other hand, the con-
viction among the talent at large that
the crop as q whole is doing better than
admitted. together with the fact that
the market is now much higher than IN
was some weeks ago, renders bullish
enterprise at this time a bit dangerous "
NEW YORK, June 20.-Trading was
extremely light at the opening to-day,
with little or no outside business The
weather map was considered favora bile.
There was some scattered commission
house buying. Wilson and Hartcorn
were good buyers Of July
Liverpool cables: American for
warded 5s.135 bales: total, &C 935.
American decreased $50 bales"
RiOrdan was a good buyer after the
call Mitchell led the buying move
ment at $3.50 o'clock, when he bid II 90
for October. The ring looked short and
bought freely There was very little
cotton for sale. During the forenoon
the buying was general. led by Riordan,
Wilson and Geer Baruch also bought.
Hentz, Clifford and Hess were the
leading sellers There was some scat
tered profit taking on the advance