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

81, The impression seems TO prevail here
that the July option is pretty well tied
up with the stock here so small.
r, Around the close yesterday Black,
waters, Virgins Finn. Mitchell.
schil and Hartcorn were the leading
buyers, while Sienberg, Hanneman,
Shantz. Hubbard. Clifford Montgomery
and Wilson were the best sellers.
Foreign houses say they are getting
orders TO buy on a scaledown.
There IS considerable guessing re-
garding July. Many think there is still
large short interest existing in the
.puon, while on the other hand many
think II a dead duck
Dallas wires: Texas generally part
cloudy 10 cloudy; light rain at Amarillo
okiahoma generally cloudy"
NEW ORLEANS, June 20.-Hayward
a. clark: The weather map perfect gem
orally, fair in the western half. partly
cloudy TO cloudy in the western half.
warm night temperature No excesses
anywhere Few scattered showers in
Alabama, Georgia and west Texas In
dlcatoas are for generally fair in At
lantics; partly cloudy 10 cloudy else
where; scattered thunder showers: cool
er In the north.
Rainfall: Amarillo .06. Montgomery
-OS, Jacksonville "A. Jackson, Miss, Of.
Admission, Ala. IS.
New York wired late yesterday: II
looks like market ia being supported to
The New Orleans Times Democrat
says: The shakeout in the crop re-
porting division Of the Department Of
Agriculture at Washington started the
tongues OF the gossips going in the cot
ton market and the condition Of the
sion. But nobody made any practical
progress in solving the riddle Of the
market and price variations were lin
tied
In certain sections Of the belt be-
cause Of the mildness OF the winter, the
boil weevils are unusually active for this
time of the year, and high price people
never tire Of exploiting the fact But
cotton market bears gain a hearing
when they explain that boil weevils
were In the cotton fields IN the big
crop years, since when. through Gov
eminent endeavor, the farmers have
learned how to fight the pest more ef-
fectively.
"The first analysis lacks impening
inspiration IN either direction. The
intrenched position OF the New York
July longs and the fact that the trade
holds the bulk Of new crop long interest
while spectators hold the short end
stand as barrier against bearish en-
teTprlse. on the other hand the con-
vicuon among the talent at large that
the crop as a whole is doing better than
admitted, together with the fact that
the market Is now much higher than IL
was some weeks ago, renders buIlish
enterprise at this time a bit dangerous.
NEW YORK, June 2O.-Trading was
extremely Hight at the opening to-day,
with little or no outside business. The
weather map was considered favorable
There was some scattered commission
house buying. Wilson and Hartcorn
were good buyers Of July
Liverpool cables; American for
warded 5S,t35 bales; total &C, 1856,
American decreased 10, 500 bales"
Riordan was a good buyer after the
call Mitchell led the buying move
ment at $3.50 o'clock. when he bid II SO
for October. The ring looked short and
bought freely, There was very little
cotton for sale, During the forenoon
The buying was general. led by Rlordan,
Wilson and Geer Baruch also bought
HentZ, Clifford and Hess were the
leading sellers. There was some scat
tered proht-taldng on the advance.