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

NEW YORK. June Is.-J. NJ. Ander-
/ son: The map was favorable and sell
! ing rather general after the opening.
Liverpool ana the South were reported
| sellers. After this selling was over the
market steadied up and at the moment
( there seems 10 be verv rev contracts
/ for sale and the market ruling very
steady II IS believed there is still
short interest existing iu the summer
/ positions, and. II 10 is true, We may eN-
peCt a further rally. II would be nat
ural 10 assume that the technical posi-
I ton was weaker after the enormous
/ short covering for the past week. but
4 the bulls contend that new shorts took
their places and would be easily fright
ened 10 cover on any substantial buy
I ing. therefore, it is wise 20 caution for
1 the present
Wall Street and the uptown crowd
were inclined 20 sell on the hard spots
/ yesterday and the South sold on the
Texas rains There vas a lot Of small.
| the volume Of business was the light
est for the week.
Many traders are bearlsh 1t the heart.
but are afraid 20 sell because Of the
trimming they have gotten In the past
few weeks
A healthy reaction is freely talked by
/ the majority Of traders probably on ac-
count Of reduction IN the short interest
and the discharge Of the head Of the
Bureau Of Statistics at Washington.
Dallas wires: West Texas cloudy,
showery in the central part and cloudy;
balance clear. Oklahoma generally
part cloudy"
John p. Rockefeller's general board o.
education reported planning to spend
5000 600 a year TO teach Southerners
better farming.
NEW ORLEANS. June le.-HaywHrd
e. Clark. The most important news
over night ls the discharge OF the head
Of the Bureau Of Statistics al Washing
ton v y. Olmstead, for lack Of disCi-
pine and poor administration Of that
office. which sustains the claim that the
condition report Of May % was wrong
The weather map shows very favor
able conditions, part cloudy in belt and
warm without any excess anywhere.
except at New Orleans. Fine rains gen
eral over west Texas Scattered show
ers in the Eastern states. Indications
are for part cloudy to fair, continued
warm some scattered showers.
The New Orleans Times-Democrat
says. Favorable temperature all over
the belt and further rains in Texas
where needed assisted the reactionists,
ana the American cotton future markets
declined about enough TO widen out the
international parity as much as II was
narrowed Tuesday. Low price people
promptly revived their claim that under
lying conditions are better hearish and
asserted the market viii now work low
or. However. crop reports al the mo-
ment are badly mixed and range all the
way from the best on record to the
worst In years"
Making fun allowance for enthusiasm
the promise at this time seems suffi-
Ciently involved 60 modify the influence
Of the bear promise " monster yield.
which, In the parlanCe Of the day, means
upward Of 10 1000 900. on the other
hand. acreage increase. favorable wealth
er, the excellent reports low price peo-
pie are in position TO produce day after
day from one section or another, hold
the bun on consumption well within
bounds Meanwhile the talent. as a
matter Of fact is still in the dark as to
the status Of the crop, though opinion
as to the acreage rs beginning To cen
ter on an increase over last year OF about
per cent, The low condition percent.
age put out by the government on June
seems to have met with a more CON
vinCing reception among consumers than
among the talent, the former acting ON
the report by buying covers and the lat
ter for the most part protesting that
the condition OF the crop is better than
shown. The creation Of market inter
est has been shaped by these opposing
views during the past three weeks and
for this reason the trade long interest
as opposed to speculative short interest
has been responsible for an exhibition OF
strength rather than weakness at a
time when custom suggested technical
weakness as a result Of speculative COW
ering"