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

NEW YORK. June IL. NJ Ander-
son: THE map was favorable and SELL
ing rather general after the opening.
Liverpool and the South were reported
sellers After this selling was over the
market steadied up and at the moment
there seems 10 be very few contracts
for sale and the market ruling very
steady II Is believed there is still a
short interest existing ia the summer
positions and 10 il Is true, we may eX-
poet a further rally. II would be nal
ural to assume that the technical posi-
ton was weaker after the enormous
short covering for tho past week nut
the bulls contend that new shorts took
their places and would be easily fright
eued TO cover on any substantial buy
ing; therefore. il IS wise 10 caution for
the present
Wall Street and the uptown crowd
were inclined 10 sell on the hard spots
YESTERDAY and the South sold on the
Texas rains There was a lot Of small
sized orders executed both ways, but
the volume Of business was the light
est for the week.
Many traders are bearish at the heart
hut are afraid 20 sell because Of the
trimming they have gotten In the past
few weeks.
A healthy reaction is freely talked by
the majority Of traders probably on ac-
count Of reduction IN the short interest
and the discharge Of the head Of the
Bureau Of Statistics at Washington.
Dallas wires: West Texas cloudy
showery In the central part and cloudy;
balance clear. Oklahoma generally
part cloudy
John D. RoclefeIler's general board of
education reported planning to spend
81, 100000 year to teach Southerners
better farming
NEW ORLEANS, June 19.-HaywRrd
& Clark. The most important news
over night is the discharge Of tho head
Of the Bureau Of Statistics at Washing
ton. V. n. Olmstead. for lack Of disci-
pine and poor administration Of that
office which sustains the claim that the
condition report Of May 25 was wrong
The weather map shows very favor
able conditions, part cloudy IN belt. ana
warm without any excess anywhere,
except at New orleans. Fine rains gen
eral over west Texas Scattered show
ers i'm the Eastern States Indications
are for part cloudy to fair, continued
warm some scattered showers
The New Orleans Times Democrat
says. Favorable temperature all over
the belt and further rains I'm Texas
where needed assisted the reactionlsts.
and the American cotton future markets
declined about enough to widen out the
international parity as much as Il was
narrowed Tuesday. Low price people
promptly revived their claim that under
lying conditions are better bearish and
asserted the market win now work low
cr However. crop reports at the mo-
ment are badly mixed and range all the
way from the best on record TO the
worst In years
Making fun allowance for enthusiasm
the promise at this time seems suffi-
clently involved 10 modify the influence
N the bear promise Of n monster yield.
which. IN the parlance Of the day. means
upward Of rs. 900 000s on the other
hand, acreage increase favorable wealth
err the excellent reports low price peO-
pie are in position to produce day after
day from one section or another. hold
the bull on consumption well within
bounds Meanwhile the talent. as a
matter Of fact Is still I'm the dark as 20
the status Of the crop, though opinion
as to the acreage is beginning to CEN
ter on an increase over last year Of about
3 per cent. The low condition percent
age put out by the government on June
seems to have met with a more con
vinCing reception among consumers than
among the talent the former acting on
the report by buying covers ana the lat
ter for the most part protesting that
the condition Of the crop Is better than
shown The creation of market inter
oct has been shaped by these opposing
views during the past three weeks and
for this reason the trade long interest
as opposed to speculative short interest
has been responsible for an exhibition of
strength rather than weakness at a
time when custom suggested technical
weakness as a result Of speculative COW
ering"