Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-13
COTTON GOSSIP

NEW YORK. June 1S.-J NJ. Ander-
son: The trading was rather active for
the first hour. Brokers representing the
uptown crowd and Wall Street were good
buyers of the old and new crop which
was said to be short covering. The
selling was scattered. coming mainly
from Liverpool and the South. Specula e.
tive element also sold.
Weather favorable. but crop news
mixed. Regardless of conditions, there
is a steady demand for old crop which
is the strength Of the market The
question now advanced by a great many
operators Is how much cotton is
needed and from the way the old crop
is being absorbed, il appears that the
worlds needs are more than many be-
lleve II TO be While there is a bea IRISH
feeling existing, those inclined to the
bear side are timid about selling the mar
ket short until they see further into the
situation"
Serrett Tate says: You may expect
general complaints of too much rain,
arucularly in the eastern part of the
belt, shortly. The large short interest
was not reduced yesterday in the aver
age and think prices will work grad
ually higher with only slight reaction
until there is more covering. Any I'M
favorable crop reports caused by I'M
seasonable weather will encourage bull
Look who's here, Friday, 10, 1913.
1t is said not a single boil weevil com
plant has been heard Of in Kingston.
Ark, which is one of the worst boil
weevil territories in that State
According to information received
from Georgia. crop conditions over that
State as well as the Carolinas are gen
orally favorable.
If McFadden is still short Of July. he
is not worrying about il. through the
gossip in many conservative circles.
The United States Department Of Ag-
riculture is taking active measures to
help farmers fight the boil weevil in
Louisiana These take the form Of ad-
pest. 4. A. Morrow. of the Federal
demonstration work calls upon the
farmers of East Baton Rouge to take
immediate steps to exterminate the pest
OF reduce the possibility of injury In a
circular addressed TO the farmers Of that
parish he says. under date OF June s.
THE appearance of the boil weevil in
East Baton Rouge is no surprise and
sOhuld cause no alarm We have been
expecting It even earlier. The farmer
that wants to make cotton under boil
WeeVu conditions must make up his
mind TO fight the weevils, first by gath
tIAAk the WttNll III A0t quo OF the COT
ton and later by gathering forms or
punctured squares, and destroy them by
burning Owing to the fact that most
cotton is young and the weevil infesta-
ton heavy. owing to the hot days. the
pest can easily be found on top Of the
young cotton, and the work Of picking it
of can be done Cheaply by children at
small cost. Every weeVil gathered
now is a saving of from 80 to 70 squares
later. With the present condition of the
crop and the good cultivation il has re-
ceived up TO date with intense. late and
shallow cultivation, there is no reason
in the world why the farmers should
not make better crop Of cotton to the
acre tran before the advent Of the Wee
vii with the old methods OF cultiva-
don"
NEW ORLEANS. June 13.-Hayward
& Clark: The weather map is very
favorable. showing fair and warmer
over the entire belt. except cloudy in
South Texas. No rain except a little in
Northwest Texas. South Texas and a
few points in North carolina. Jndica-
tions are for cloudy in West and South
Texas, probably more there, but fair and
much warmer weather in East Texas,
Oklahoma, central and eastern States.
Liverpool cables. American middling
fair, 735d; good middling. 7.0ld, mid
ding, 6.77d. low middling 66ld. good
ordinary, 625d; ordinary, SID"
above sd higher Rest unchanged
The New Orleans Times Democrat
says. Crop progress delaying temper
atures have revived the bullish claim.
repeatedly made throughout the plant
ing season, that the crop got a late
start. In any event yesterdays cotton
market climbed without enCOuntering eff
fectlve opposition. and the bearish as
sertiOu that technical conditions alone
SUNNY basis Of strength fell n
preCiatiVe ears. As a matter Of fact.
nobody, in professional circles at least
believes the present cool weather has
actually damages the cotton plant. but
for doubt that low temperatures during
the past three or four days have caused
the crop as whole to lose the progress
10 would have made had the weather
been warm and favorable In this con
neCtiOn comparison between the we(E-
er now and at this time in 1911 are par
ticularly interesting. because large crop
people are predicting a yield this year
fully as great as the monster yield Of
l9ll-19l2
Almost without exception. YESTERDAY
morning and the morning before the
Government central stations IN the cot
lower Than the minimum temperatures
reported on the same DAYS in 1911
Meanwhile. the New York July position
continues To hold the center of the stage.
The entire stock Of cotton certifcateG
and uncertiticated, at New York is now
only 1901 The talent as whole is
convinced so small a stock is entirely
Inadequate 10 protect the outstanding
short contracts in the NOTheru market
The situation. however. is made more
acute by the premium over New York
contracts at which actual cotton is sell
ing in the South. and by the scarcity
Of desirable grades. which fOres hadows a
Keen trade demand for the early re-
ceipts. which, as a rule, are of good
grade cotton
Because u this scarcity, the grades
above middlinE We're marked up iEC in
the New Orleans market yesterday