Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-19
COTTON GOSSIP

Wall Street and the uptown crowd
were inclined TO sell on the hard spots
yesterday and the South sold on the
Texas rains. There was a lot Of small
sized orders executed both ways, but
the volume of business was the light
est for the week
Many traders are bearish at the heart
but are afraid to 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.
The impression seems TO prevail that
the MARKET technically, is weak. owing
20 the enormous short covering for the
past few days.
Dallas wires; West Texas, cloudy
part cloudy
John d. Rockefeiler's general board Of
education reported planning to spend
100000 a year TO teach southerners
better farming
NEW ORLEANS June 19-Hayward
& Clark The most important news
over night Is the QlHCnAFke OF the mead
Of the Bureau Of Statistics at Washing
ton V. y. olmstead, for lack Of disci-
pline 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 10 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.
and the American cotton future markets
declined about enough TO widen out the
international parity as much as IL was
narrowed Tuesday. Low price people
promptly revived their claim that under
lying conditions are better beartsh and
asserted the market viii now work low
or However, crop reports at 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
he promise at this time seems suffi-
ciently involved 70 modify the influence
Of the bear promise of a monster yield.
which, IN the parlance Of the day, means
inward of 1900 600 on the other
hand. acreage increase. favorable wealth
err, the excellent reports low price peo-
Pile are in position TO produce day after
day from one section or another hold
the bull on consumption wen 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 90 the acreage is beginning 10 CEN
ter on an increase over last year of about
3 per cent. The low condition percent
age put out by the government on June
seems 10 have met with more con-
vinCing reception among consumers than
among the talent. the former acting on
hn NJ he a =
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 10 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
erinE 10