Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-03
COTTON GOSSIP

NEW YORK. July As. Tate says:
The Journal OF Commerce crop report
tends to confirm advices of statsticians
like Turner and Miss Giles. and the re-
port issued by Clement and Curtis of
Chicago, that this crop has shown little,
If any improvement during the month
Of June. II The Journal of Commerce is
forecast of the Government, we NAV
see higher prices temporarily, as the in
nuence now will be weather conditions
for the next two weeks
Good generally soaking rains will tend
TO cause declines while a continuation OF
this dry weather on an already alb
normally small plant, which is said to be
two to four weeks late, will tend TO
strengthen bullish ideas. Our reports
from Texas and Oklahoma are very fine,
but Oklahoma Is said to be suffering for
want of rain now, though not seriously.
| have just returned from a part OF Ala
oama and Tennessee, where l saw q
great deal Of very small cotton and pec-
pie whom l questioned from other sec
tons. which 1 did not visit. generally
reported the plant as small and back
ward. being two to four weeks late in
growth. but stated there was good tap
seasonable weather in July can restore
the plant to its normal size and Yield
NEW YORK. July 1.-The ring was
ollpA ~ the opening OF the market To-
day. The Journal Of Commerce report
being bullish, caused a wave OF short
covering.
Riordan was good buyer Of October,
causing the rally. Shearson bought TO-
600 bales of January around 11.47
Schir. Geran and O'Conner sold some
Riordan offered him 5000 bales.
The position Of August is regarded
q tn Nd -
small, which is only about $4,000 bales,
1t might go to any price.
Around the close yesterday Mitchell,
Mohr, Wulson, Cone, Geer. Orvis. Nc
Ghee. Raft, Riordan and Starr were the
Leading buyers Chairman, Wiggin,
Finn, Schill, Watham, Black, Mont
gomery, Parrot and Rice were the
principal sellers.
Dallas wires: Texas, generally part
cloudy to cloudy. Few local showers;
Oklahoma, part cloudy to clear"
NEW ORLEANS, July Hayward &
able, shows generally fair in the At
and oklahoma Few scattered show
ers with good rains in Northeast Texas
Cloudy in Central belt. with fine rains
in Louisiana and Mississippi and parts
OF Alabama. Little rain so far In Arkan-
sas, but rain formation hiov,ng on that
State to-day causing general rains In
dicatiOns are for clearing in the West
ern States; rain in the Central tSates;
part cloudy to fair in the Atlantics
The Democratic Senatorial caucus to-
day adopted the Clark amendment to
the tariff BILL imposing a tax Of one
tenth of l cent pound on contracts
for the future delivery Of cotton in all
cases in which the delivery is not made
only Senators Thornton and Ransdell
of louisiana voted against 1t.
Party in Central Texas says: Crop
prospects are the best in history. In
Central Texas and West Texas where
last year all was dried up; the plant is
large and thrifty and fine reserve
moisture in the ground Cotton is
growing well, about three feet high
got some on our farm nearly four feet
high, showing ~ to IS near fully devel-
oped bolls already. on sandy land CON
ditions are still better, as they show
large. fully developed plant, strong and
healthy