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

The impression seems to prevail here
that the July option is pretty well tied
up with the stock here so small.
Around the close yesterday Black.
Waters. Virgins, F1inn, Mitchell
Schlu and Hartcorn were the leading
buyers, while sienherg, Hannemau,
Shantz Hubbard Clifford Mont gomery
and Wilson we're the best sellers.
Foreign houses say they are getting
orders to buy on a scaledown.
There is considerable guessing re-
gardiug July. Many think there is stIli
a large short interest existing I'm the
pton. while on the other hand many
think 1t "a dead duck
Dallas wires. Texas generally part
cloudy TO cloudy light rain at Amarillo
Oklahoma generally cloudy
NEW ORLEANS. June 2O.-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 excuses
anywhere. Few scattered showers IN
Alabama, Georgia and west Texas In
dications arc for generally fair In At
lantics, partly cloudy TO cloudy else
where; scattered thunder showers: cool
or In the north.
Rainfall: amarillo .O6, Montgomery
~ II l.
Admission, Ala. is.
New York wired late yesterday: II
looks like market Is being supported TO
sell on %
The New Orleans Times Democrat
| says THE shakeout in the crop re-
porting division of the Department of
Agriculture al Washington started the
tongues of the gossips going in the cot
ton market and the condition OF the
! crop was the leading news OF discus
sion But nobody made any practical
progress in solving the riddle of the
market and price variations were linz
/ 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 hearing
when they explain that boil weevilS
were i'm the cotton fields I'm the big
crop Years, since when. through Gov
eminent endeavOr, the farmers have
| learned how TO fight the pest more Ell
| fecuvely
"The first analysis lacks impelling
I 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
I stand as a barrier against bearish en-
/ terprlse, on the other hand the con-
riCuon among the talent at large that
I the crop as a whole is doing better than
| admitted, together with the fact that
/ the market is now much higher than ia
was some weeks ago. renders bulliSh
/ enterprise at this time bit dangerous. 20
| NEW YORK, June 2O-Trading was
| extremely light 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
/ We're good buyers Of July,
Liverpool cables; American. for
American decreased 1850 bales.
I Riordan was good buyer after the
call Mitchell led the buying move
meut at $3.50 o'clock. when he bid II 90
/ 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 Riordan,
4 Wilson and Gecr, BaruCh also bought
Hentz, Clifford and Hess were the
! leading sellers. There was some scat
tered rotttakng on the advance