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

.Ju the bears bears are timid and watching the
It takes very little buying Of the,
OLD crop to bring about a rally,
While general crop conditions co,tir,,o
soOo, not much attention is paid TO If,
SO any unfavorable reports would nat
ui~'iS nave stimulating effect.
around the close yesterday Hartoorn.
AcEheyi Mitchell, Shantz. Hess Teb-
Nlan; Virgins, Cone. McGhee. IIpper.
bHvergI , az Meyer were the principal
Burnett, Schill, Royce. Hubbard. Cir
ioiu ana Shearson were leading sellers.
pallas wires: "Texas-Panhandle
raining; central part cloudy: balance
Gear Gear Oklahoma-Partly cloudy over
x Limited offerings, especially on July
The market at the moment is ignoring
the probable yield and looking at The
consumption
J. B. Turner. of Memphis. reports the
e ay,l},. on the cotton crop for the week
Favorable progress in cultivation was
Iidue IN every cotton State during the
week. Grass seems no longer an imme-
ulale or serious menace in the Caro-
mas. 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 NEST desired Tempera-
lures were higher everywhere and the
plant Is gradually coming out Of the
lethargy induced by the unreasonable
cold Of the early month.
But while every development of the
week was favorable, IL is evident that a
continuation Of warm growing weather
is needed to restore the plant to COM
plete ylgor and to give il normal size
tQr this date. This statement is espe-
clalIy 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 ii is certain that
the promise on Central and Western
states is very good, Notwithstanding a
small plant. What is most 10 be desired
IS warm weather, and if moderate rains
tall during the coming week east Of the
Mississippi River and in. Arkansas a
great impetus to growth viii 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-
feff aufa hn1 NJ Loud
in western half; warm weather, but no
excuses anywhere; few scattered show
ers; raining I'm Northwest Texas and
Northwest Oklahoma; fine growing
weather; western half unsettled, with
scattered showers.
The New Orleans Times Democrat
says: The strength shown by yester-
days cotton market was not attributed
to covering by shorts, bears having used
this explanation so many times Of late
as to have robbed il of all influence In
stead, ow-prlce people said that the
sewed-up condition Of July was the re-
5pOnsible factor. On the other hand,
bulls whispered it about that any change
In the current perfect weather must be
10 call for the cotton at both New Or
eans and New York, and that a crop
scare, always possible at this time Of the
year, would boost values many points.
=
supply and requirement is, of course,
wide open to argument. Low-prioe peo-
pie contend, taking The Chronicle as
that the acreage of 1913-1914
IS about 100000 acres in excess Of that
IF 19l1-1912, when the growth, according
70 Mr. Hester, was is, 500 900 bales;
therefore they say it Is not unreasonable
10 expect crop of 10000 900 bales The
weld per acre in 1911-1912 was 2077
pounds of lint, which is the highest in
recent years. The lowest in recent
years was 1543 pounds in 1909 No
body expects the yield per acre to be
rs small as 1543 pounds, but there are
4 lot of people who do not believe the
crop progress thus far iustifies arbitrary
confidence in yield of 207 pounds per
acre.
Broadly speaking, the crop west Of
he Mississippi River is making excellent
progress. East Of the Mississippi there
seems to be a large area in which the
crop is not doing so well. Bear specu-
atOrs say wO-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
1919 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 90, as made up by
The New York Financial Chronicle:
7'big 'Tbis Last