Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-19
COTTON GOSSIP

The impression seems TO prevail here
ihat the July option Is pretty well tied
up with the stock here so small
Around the close yesterday Black.
Waters, Virgins, Finn, Mitchell
buyers, while Sienberg, Hanneman,
shantz. Hubbard. clifford, Montgomery
and Wilson were the best sellers.
Foreign houses say they are getting
orders to buy on a scaledown.
There Is considerable guessing re-
garding July Many think there Is sim
a large short interest existing 10 the
utUH. while on the other hand many
think 1t dead duck.
Dallas wires: Texas generally part
cloudy 90 cloudy, light rain at Amarillo.
Oklahoma generally cloudy
NEW ORLEhNS. June 2O.-Hayward
q Clark: The weather map perfect gen
orally, fair I'm the western half partly
cloudy 10 cloudy In the western half,
warm night temperature. No excuses
anywhere. Few scattered showers in
Alabama, Georgia and west Texas. In
ulcailons arc for generally fair IN At
lantiCs partly cloudy to cloudy else
where; scattered thunder showers cool
or in the north.
Rainfall: Amarillo .O5. Montgomery
08 Jacksonville "A, Jackson. Miss. OF.
Admission, Ala. IS.
New York wired late yesterday. II
looks Ike market IL being supported to
sell on
The New Orleans Times Democrat
says. The shakeout in the crop re-
porting division Of the Department Of
Agriculture at Washington started the
tongues Of the gossips going In the cot
Inn ma WLHH BIO #H 49, 81.
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 linn
tied
In certain sections Of the belt be-
cause of the mildness Of the winter, the
boil weevls 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
were in the cotton fields IN the big
crop years, since when, through Gov
eminent endeayor the farmers have
learned how tn fight the pest more of-
fcCtively
THE first analysis lacks impelling
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.
stand as a barrier against bearigh en-
Afi ll lHfs VII the tlIfi manu-. the con-
yictlon among the talent at large that
the crop as "a whole rs doing better than
admitted. together with the fact that
the market is now much higher than n
was some weeks ago. renders bulIlsh
enterprise az this time "a bit dangerous.
NEW YORK, June 2O.-Trading was
extremely Hight at the opening to-day.
with little or no outside business The
weather map was considered favorable
There was some scattered commission
house buying Wilson and Hartcorn
were good buyers Of July
Liverpool cables American for
warded So, 1876 bales. total. sc, 935
American decreased 1880 bales -"
Rlordan was good buyer after the
call Mitchell led the buying move
mCnt at $3.50 o'clock, when he bid ! SO
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 Gccr Baruch also bought
Heutz, clifford and Hess were the
leading sellers. There was some scat
tered proittaking on the advance