Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-02
COTTON GOSSIP

The Journal OF Commerce has the fol-
lowing on the condition of the cotton
crop in Louisiana and Mississippi:
boulsiana-Som improvement is
shown in condition over a month ago,
when II was SIG per cent. The plant
IS small and late, owing to low tenn
peratures early in the month. but under
recent favorable weather it has greatly
improved. Stands are mixed and cul-
tlvatiOn good. Boil Weevils are uniVer-
sally reported, in many instances heavily
injected, but as yet little damage has
been inflicted. In many sections they
are more numerous than in years.
Mississippi-As in Louisiana, the
presence of the boil weevil is universal
and appears even as a greater menace.
however, there is evidence that farm
ers are fighting the pest hard. Other
wise, prospects are generally bright and
percentage condition has about held its
own compared with a month ago, when
1t was sos. Owing to the recent cool
spell cotton is about two weeks late and
the plant is small. Fields are clean and
well worked, but nearly all sections were
ports"
Brown, Drakeford & Co, Liverpool,
cable: Market declined in consequence
OF selling orders from the Continent as
the result OF political unrest. Local
bulls Iquidating; jobbers taking the
Dallas wires: Texas panhandle
cloudy, balance State generally clear
Oklahoma, good rains over the State .
Crop talk continues bearish, but talk
of freight room engagement for July
totaling $1,000 bales out of the $4,000
bales here had the market on its tip
toes all day yesterday.
It is said that Liverpool is heavily
long on August and it looks as though
there would be only very small sup
ply here to protect shorts in that op-
ton The bulls predict also that there
won't be any too much cotton here to
protect October shorts.
Yesterday the market had to contend
with talk of the coming Bureau report
and keep decision of Washington to tax
US out of existence. restricted business
until near the close, when the selling
or offering by Riordan Hubbard, Wat
ers. Logan, SchiU, Hicks, Clifford and
McGhee sent the market off sharply.
The cotton future tax amendment was
regarded as an especially vicious meas
ure.
There is a feeling Of unrest among
traders, brought about by the pending
legislation in Washington and there Is
very little snap to the market.
Miss Giles condition report by States
to June %, against June II:
Virginia so, against So
North Carolina 81, against 50.
Florida SO. against s.
Georgia II, against Is.
Alabama so, against SO.
Mississippi 81, against Sc.
Louisiana "a, against IS.
Texas 3d. against 81.
Arkansas IS, against SO.
Tennessee SIS, against 81.
Oklahoma "a, against 81.
Average S4S, against 1873.
NEW ORLEANS, July Hayward &
Clark: The weather map favor
able, generally fair, with only few
light showers in the. Atlantics; part
cloudy in the rest Of the belt, with fine
rains in North louisiana big rains in
Oklahoma scattered showers in Mis-
sisstppi. No excuses, except in Mem
phis district. where temperatures are
too high, but indications are for gen
eral rains and cooler coming on Ar
kansas and Tennessee and North Louis
lana tonight"
Reliable indications for general rains
over Arkansas inside Of As hours.
Cameron, Texas, wires: Crops are
the best in Texas l ever. saw. Have
looked for weevils and had my men do
the same and found none. l have been
in Oklahoma and West Texas and found
crops perfect. Plenty Of rain and full
of fruit. also well cultivated.
The New Orleans Times Democrat
say: THE cotton market advanced dur
ing the early session on fear creating
reports of boil weevil activity, and in
the late session declined on cabled ad-
vices reporting fresh complications, in
the Balkans The trade has heard boil
weevil talk many times in advance of
the raising Of a large crop, and now
when the men who inspect the fields tell
the talent that mild winter. followed
by frequent rains in the boil weevil sec
tions promise unusual boil weevil &C
tivity in a very short while,
The rings show moderate concern,
but no real apprehension. Similarly the
Balkan mess has been served up to the
trade so often that even a serious turn
of affairs in the Near East affects the
market in a limited way only. Satur-
day and Sunday fairly general rains fell
over large cotton belt area, and more
rain is promised. These rains make the
bears openly happy because in many
sections dry weather has been COM
planned of. They also make the bulls
secretly happy because the increasing
broOds of boil weevlls can not go on in
Creasing without moisture"