Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-01
COTTON GOSSIP

CUIIUN GUSSlP
The Journal of Commerce has the fol-
lowing on the condition Of the. cotton
/ crop in Louisiana and Mississippi:
| LOuisiana-Some improvement is
/ shown in condition over a month ago.
\ when IL was SIG per cent. The plant
IS small and late, owing to low tenn
1 peratures early in the month, but under
| recent favorable weather II has greatly
| improved. Stands are mixed and Gull
| tivatiOn good. Boil weevils are univer-
infected, but as yet little damage has
been inflicted. In many sections they
are more numerous than in years
''Mississippi-As in Louisiana, the
presence of the boil weevil Is universal
and appears even as a greater menace.
| However, there is evidence that farm
E=ers are fighting the pest hard. Other
wise, prospects are generally bright and
percentage condition has about held its
own compared with a month ago, when
1t was sos. Owing to the recent cool
spell cotton is about two weeks late and
the plant is small Fields are clean and
well worked, but nearly all sections were
needing rain at the date Of these re
ports
Brown, Drakeford & Co, Liverpool.
cable: Market declined in consequence
of selling orders from the Continent as
the result of political unrest. Local
bulls liquidating; jobbers taking the
cotton.
Dallas wires: Texas panhandle
cloudy. balance State generally clear
Oklahoma, good rains over the State. "
Miss Giles makes the condition Of the
cotton crop as of June "a s4.S per cent,
weeks ago and S1.9 last year, against
SO for the same period in 1911.
NEW ORLEANS, July Hayward &
able, generally fair, ''S with mo" only 1i few
light showers in the Atlantics; part
cloudy in the rest of the belt. with fine
rains in North louisiana big rains in
sissippi. No excuses, except in Mem
phis district, where temperatures are
too high, but indications are for gen.
eral rains and cooler coming on Ar
kansas and Tennessee and North Louis
lana tonight"
The proposed tax on 100 bales Of cot.
ton is one-tenth of 1 per cent. One
tenth of per cent would not amount to
$50 per contract.
Reliable indications for general rains
over Arkansas inside of 4S hours.
Cameron. Texas, wires: Crops are
the best in Texas l ever saw Have
looked for weevils and had my men do
the same and found none. | have been
in Oklahoma and West Texas and found
of fruit, also well cultivated"
The New Orleans Times-Democrat
say: The cotton market advanced dur
ing the early session on fear creating
reports Of boil weevil activity, and in
the late session declined on cabled ad-
vices reporting fresh complications in
the Balkans. The trade has heard boil
weevil talk many times in advance of
the raising of a large crop, and now
when the men who inspect the fields tell
the talent that a mild winter, followed
by frequent rains in the boil weevil sec
tions promise unusual boil weevil &C
tivity in a very short while.
The rings show moderate concern,
but no real apprehension. Similarly the
Balkan mess has been served up to the
trade so often that even serious turn
of affairs in the Near East affects the
market in a limited way only. Satur-
day and Sunday fairly general rains fell
over a large cotton belt area, and more
rain is promised. These rains make the
sections dry weather has been COM
planned of. They also make the bulls
secretly happy because the increasing
broods of boil weevils can not go on in
creasing without moisture
Crop talk continues bearlsh, but talk
of freight room engagement for July
totaling $1,000 bales out of the $4,000
bales here had the market on it's tip
toes all day yesterday
II is said that Liverpool is heavily
long on August and 1t looks as though
there would be only a very small sup
ply here to protect shorts in that OPP
ton. The bulls predict also that there
won't be any too much cotton here to
protect October shorts,
Yesterday the market had to contend
with talk of the coming Bureau report
and keep decision of Washington TO tax
us out of existence. restricted business
until near the close, when the selling
or offering by Riordan. Hubbard, Wat
ers, Logan, SchiD, Hicks, Clifford and
McGhee sent the market off sharply.
The cotton future tax amendment was
regarded as an especially Vicious meas
ure.
There is a feeling of unrest among
traders, brought about by the pending
legislation in Washington and there is
very little snap to the market.
Miss Giles. condition report by States
to June %, against June Il:
Virginia so, against so.
North Carolina 81, against 50.
South Carolina 70, against 70.
Florida SO, against IS.
Georgia II, against IS.
Alabama 80, against 50.
Mississippi 81, against Sc.
Louisiana 81, against IS.
Texas 80. against 81.
Arkansas IS. against SO.
Tennessee IS, against 81