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


NEW YORK. June 5.-The principal
feature OF lhe market to-day was the
strength in July. Cone, Schfil and Wa
ters 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 dun yes
terday, there being practically no out
SIDE business. The only feature was a
little strength in July on buying by
waters, Hentz and Liverpool This
near-month hrmnesS held the new crops
steady, but there were no operations
IN the latter of any significance. Some
Of the gossip affecting July was that
Liverpool would take 900 bales more
out or the local stock, that a prominent
New Orleans operator here was arrang-
ing to finance what would be left of the
ceruhcated supply and that there was a
snort interest in July of 100000 bales.
Those buying the near options are ap-
parently selling the new crop.
Sentiment continues bearish and no
advance Of consequence is expected as
long as this feeling prevails. With the
favorable weather and crop advices
coming in, lower levels are predicted.
Liverpool continues TO report firm ca
Dies, with big sales. The English op
orators, however have discredited the
bullish bureau report The advance to-
day was said to be based on rumors of
hot 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
talr, Z. ed; good middling, 6.SSd; mid
ding, 6.66d; low middling, 6.50d good
ordinary, 6.14d; ordinary, 5.Sod
NEW ORLEANS. June 5.-The
weather map excellent, shows fair over
south-central belt, partly cloudy else
where. Nice scattered rains in North
west Texas, parts of Oklahoma, Arkan-
sas. Alabama and Atlantics Warm
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-
The New Orleans Times-D 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 in spite Of the fact the
bears have predicted toboggan price
slides ever since last winter, the mar
ket continues to 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 splendor of the
crop prospects, the rapid progress being
made, and the favoTableness Of the
weather when contrasted with the
weather during April and May last year.
and they now go even so far as to
prophesy a very early large movement
OF new cotton. Only a short while ago
the talent was busily engaged in prov
ing to the world that while the chance
for a large crop had not been destroyed
by cold weather and by dry weather
the necessity for replanting had de-
crop
A very reliable party writes from
San Antonio, Texas: we are certain
cotton. and where rains have been suf-
hCient the plant is doing nicely. There
is a section including all the country
between San Antonio and Beeville and
west Of that line where no rain fell
when we had our rains about the middle
of May and where crops are doing very
poorly. on the whole the crop is still
very backward in this section and q
good rain would be of great benefit In
all of South and Southwest Texas
One OF our most trusted corre-
spondents from Georgia writes; do not
agree with the Government condition
report of this State. They state, how
ever, that II was only made up TO May
25. or a little before, and at that time
we were badly in need Of rain. We
have had ample rain since then, how
ever, and the weather is hot and favora-
BILE. Stands practically perfect, fields
little late. possibly conditions Just now.
with a week more of clear weather TO
complete choppins out, could scarcely
be more favorable