Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-21
COTTON GOSSIP

INT, The bears are timid and watching the
1t takes very little buying OF the
old crop to bring about a rally.
While general crop conditions continue
5000, not much attention is paid TO it,
SO any unfavorable reports would nat
uraily nave q stimulating effect
Around the close yesterday Hartcorn.
McEney, Mitchell, Shantz, Hess, Leh-
man, Virgins. Cone, McGhee, Upper.
Norden and Meyer were the principal
buyers, while Orvis, Schley, Rothschild,
Burnett; Schill. Royce, Hubbard. Gift
fora and Shearson were leading sellers.
Dallas wires: "Texas-Panhandl
raining; central part cloudy; balance
clear. Oklahoma-PartIy cloudy over
entire State; no rain"
Limited offerings, especially on July
and January
The market at the moment is ignoring
the probable yield and looking at the
summer months and probability Of large
consumption.
J. b. Turner, Of Memphis, reports the
Following on the cotton crop for the week
ending June 20:
Favorable progress in cultivation was
made in every cotton State during the
week. Grass seems no longer an imme-
date or serious menace in the Caro-
linas, Georgia and elsewhere and the
excellent field and soil conditions which
nave been notable Characteristic Of the
season are maintained. The rainfall in
Texas was highly beneficial and was
heaviest where most desired. Tempera-
lures were higher everywhere and the
plant is gradually coming out Of the
lethargy induced by the unseasona BILE
cold Of the early month.
But while every development of the
week was favorable, 1t is evident that a
continuation of warm growing weather
is needed to restore the plant to COM
plete vigor and to give il normal size
FOR this date, This statement is espe-
clally applicable to the Atlantic States
where considerable irregularity in re-
ports is noted and where the plant is
generally less thrifty and more notably
understood than in the Mississippi Val
ley and the Southwest
Correspondents are generally quite
hopeful Of the crop and il is certain that
the promise on Central and Western
states is very good, Notwithstanding a
small plant What IA most 10 be desired
is warm weather and if moderate rains
fall during the coming week east Of the
Mississippi River and in Arkansas, a
great impetus TO growth will be given.
boil weevils appear numerous in Ger
tain districts, but without detriment as
yet TO the CROP
NEW ORLEANS, June 21.-Hayward
& Clark. The weather map indicates
fair in Atlantics; part cloudy with prob
ably scattered showers elsewhere, just
as needed. The map shows perfect con-
ditions fair in eastern half; part cloudy
in western half; warm weather, but no
excesses anywhere; few scattered show
ers; raining In Northwest Texas and
Northwest Oklahoma: fine growing
weather: western half unsettled, with
scattered showers.
The New Orleans Times-D Democrat
says. The strength shown by yester-
days cotton market was not attributed
to covering by shorts, bears having used
TINS explanation so many times of late
as to have robbed 1t Of all influence In
stead, low price people said that the
seWed-up condition of July was the re-
sponsible factor On the other hand,
bulls whispered it about that any change
in the current perfect weather must be
for the worse. that July longs expect
to call for the cotton at both New Or
leans and New York, and that a crop
scare, always possible at this time Of the
year, would boost values many points.
The question Of the next seasons
supply and requirement is, of course,
Wlue open 10 argument Low price peO-
pie contend, taking The Chronicle as
authority, that the acreage of 1913-1914
is about 1000 600 acres in excess of that
of 1S11-19l2, when the growth, according
to Mr. Hester, was 16, 500 900 bales;
therefore they say IL is not unreasonable
to expect a crop OF 16, 900 900 bales. The
yield per acre in 1911-1912 was 207.7
pounds OF lint, which is the highest in
recent years The lowest in recent
years was 1913 pounds in 1909. No
body expects the yield per acre TO be
as small as 154.3 pounds, but there are
a lot Of people who do not believe the
crop progress thus far justifies arbitrary
confidence in a yield Of 207 pounds per
acre.
Broadly speaking, the crop west of
the Mississippi River is making excellent
progress. East of the Mississippi there
seems to be large area in which the
crop is not doing so well. Bear specu-
lators say two thirds of the crop is now
in most excellent shape, while one-third
is below the ten-year average. Bun
spectators do not draw the line so
closely, but fall back on the well ground
ed belief that the monster yield Of 1911
1912 was a freaky YIELD, and attempt to
prove that average need is apt to crawl
up on average supply"
Following is the statistical position of
cotton on Friday, June 20, as made up by
The New York Financial Chronicle.