Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-10
COTTON GOSSIP

NEW YORK, July "A prominent
Texas spot man here learned for the
first time yesterday that the Clarke
amendment taxes contracts made in
Liverpool $50 the same Is in New York
or New Orleans and Immediately got
busy with Washington.
Il think much Of the apparent apathy
on the part of Southern spot merch-
ants in regard to the bill is due to
their belief that they can hedge as usual
in Liverpool, so they don't worry about
the fate Of American exchanges. l be-
lieve 1t would be advisable for every
body to acquaint spot merchants in their
neighborhood with the fact that the
amendment tax and trade in both do
nestle and foreign exchanges. When
they realize that in order to hedge.
either they or the producer must pay
so cents a bale, and they will probably
wake up and begin working to have the
bill defeated. "-Clevenberg.
Dick Bros were good sellers after the
call.
"Gwathmey was the principal buyer
Of new crop Of the cali. The market
was steady on light offerings and fair
demand on talk Of boil weevil in Texas
being more numerous than since 1909.
The map was favorable. Anderson.
Atlanta, Ca. wires: 1--WE think the
prospect of Improvement in crop oondi-
tons during July is decidedly favorable
We, had a good rain yesterday, which
general in the State. Cotton was not
suffering, but occasional showers will be
decidedly beneficial. The only thing
that can be said against the plant now
in size. but this small cotton, as well
as the larger size, looks healthy and
strong, has a good tap root and we be-
lieve by the first of August will be a
ing on full August crop. We feel
very hopeful over the situation"
A commercial agent of a prominent
Eastern railroad summarizes his report
by stating: LAS a whole, il may be said
that the crop goes into July in the best
state of cultivation in many years with
a thrifty, healthy plant that is in con-
dition to stand more than the usual sum-
mer vi .hs II, and with the acreage
Dallas, wires: Texas clear and hot;
Oklahoma generally fair and warm"
NEW ORLEANS, July 9-Hayward &
Clark: THE weather map is very IA
vorable; showers and cooler in Oklahoma
and North Texas; part cloudy to fair
over the entire belt. Scattered showers
no excessive temperatures. Indications
point to part cloudy weather with scat
tered showers over the belt; cooler in
the Northern half of Texas and Okla
homa, Arkansas and Tennessee, and
making for more rain in the Central
States by Saturday"
The New Orleans Times Democrat
says; while hot weather is normal
in July, talk of heat spells yesterday
was reflected in a very steady new crop
market. Bulls said high temperatures
are feared because $4,000, 900 bales, may
be more, was needed another year, and
any development that suggests the pres
ence of yield reducing factors is bound
to work new crop shorts. on the
other hand, bears said the old crop
market is tethered to a practically cor
nered position, and may be advanced at
will by the men who own the long in
terests For this reason even a sugges-
ton of excessive heat will answer the
purpose of the bull faction.
Tuesday the cotton belt was prac
tically free of rain. The weather was
hot everywhere, and particularly hot in
the West, but the temperature records
Of other years, as rule, were not more
favorable than the current records, and
the crop this year is, in the main, get
tink plenty of moisture. Delay in the
arrival of the first new bale is worry
ing the old crop shorts no little, but
spokesman for the bear party say that
there is likely to be less delay in the
development Of a movement Of impor-
tant proportions this year. after the first
new bale turns up, than is usually the
case. But spokesman for the bull party
say the world really needs a good grade
cotton, therefore, Will absorb the new
receipts with eargerness.
Meanwhile. cotton is being delivered
on July contracts in very small volume,
and those remaining shorts who do not
desire to make delivery do not yet see
the road that will lead them out OF their
troubles"