Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-16
COTTON GOSSIP

NEW YORK, June 16.-J NJ. Ander-
son: Some OF the ring crowd were
aggressive sellers on and after the open
ing and their sales found ready pur-
chasers. II was evident that lot OF
cotton was wanted Memphis reported
a good buyer Of new crop. also some OF
the Wall Street houses. This started a
wave OF short covering and rapid ad-
vance followed After the FIRST hour
there seemed 10 be very little cotton for
sale The new crop option was much
stronger than the old In the beginning,
but spot people were noticeable buyers
Of old crops. Selling was scattered.
The Times Democrat was out with a
buying from New Orleans However,
Turner's report was hearish. Weather
was favorable and private wires report
Cd good conditions in some sections.
The bears are very limited Interests
now seem to be entered on consumption.
which, Of course, must he recognized as
the rise or fall, until there are further
developments
NEW YORK, June 16-The market
opened steady The ring crowd was in
clined 10 sell. The market however,
held steady after a sharp decline from
the opening The Times Democrat crop
report was construed as bullish. causing
heavy buying.
Heavy short covering dominated the
market after the call, also speculative
buying. Spot people purchased July
causing the advance.
Memphis wires under date Of June IA:
Reports received at the Cotton lex
change to-day say farmers In and around
Kilmichael, Miss, are blowing up acres
Of cotton because the boil weevil has ap-
peared in swarms.
Liverpool cables: American middling
fair z 33d; good middling. 699d. mid
ding, 6.75d low middling. esd; good
ordinary. 6.2sd. ordinary 5.S9d."
Dallas wires. Texas and Oklahoma,
generally clear and warmer"
SO tar as weather news is concerned,
there is very little incentive to support
the new crops
NEW ORLEANS, June Hayward
a. Clark. The weather map is very
good: shows fair and warm over the
entire belt, except partly cloudy in
southwestern quarter, no rain except
few srrinkles in Central Texas and
some good rains in South Texas where
needed, night temperatures 10 to 20 de-
grees warmer than Friday and some en-
tirely normal
Washington forecast for week: Warm
and generally fair weather greater part
Of coming week In Southern States, al
though local thundershowerS probable
along immediate Gulf and South Allan
tic coast
The map continues to indicate gener-
ally fair and warm weather. except pos
slbly few showers in South Texas.
The New Orleans Times Democrat
herewith presents its correspondents
first report on the cotton crop Of 1913.
The consensus OF opinion points to the
following results.
l. The increase Of acreage is slight
probably about 3 per cent at the most.
o The general condition is fairly ia
vurabe, but many sections complain OF
poor stands, caused by unseasonably low
temperatures.
8 Labor is said TO be scarce in some
districts in consequence Of migration to
towns and public works,
4 Taking the belt as a whole, the
crop is an exceedingly spotted one, and
the weather of the next month viii be
extremely important.
8 There is a good deal Of talk of boil
weevil. but II is too soon 10 form an idea
OF the probable damage.