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

The impression seems to prevail here
thal me July option Us pretty well tied
up with the stock here so small
Around the close yesterday Black.
Waters Virgins. Finn. Mitchell,
Schill and Hartcoru were the leading
buyers, while Sieuberg, Hanueman.
Shautz. Hubbard clifford, Montgomery
and Wilson were the best sellers.
Foreign houses say they are getting
orders TO buy on scaledown.
There is considerable guessing re-
gardlug July. Many think there is still
large short interest existing IN the
uu9n while on The other hand many
MINK 1t a dead duck.
Dallas wires. Texas generally part
cloudy TO cloudy; light rain al Amarillo.
oklahoma generally cloudy
NEW ORLEANS. June 20.-Hayward
g. Clark. The weather map perfect gen
orally, fair in the western half partly
cloudy TO cloudy iu the western half
warm night temperature No excuses
anywhere. Few scattered showers in
Alabama, Georgia and west Texas In
dications are for generally fair iu At
lHutICS, partly cloudy TO cloudy else
where. scattered thunder showers, cool
or IN the north.
AkHa IillalIH shlIlH4AlIN I'D AlDII EnIHFTE
OF, Jacksonville "A, Jackson, Miss, OF.
Admission, Ala. is.
New York wired late yesterday. tt
looks Ike market is being supported to
sell on
The New Orleans Times-pemocrat
says The shakcout In the crop re-
porting division Of the Department Of
Agriculture at Washington started the
tongues of the gossips going I'm the cot
IafH. Ia
crop was the reading news of discus
sion. But nobody made any practical
progress In solving the riddle Of the
market and price variations were linn
tied.
In certain sections Of the belt be-
cause of the mildness OF the winter, the
boil wcevils are unusually active for this
time OF the year, and high price people
never tire Of exploiting the fact But
cotton market bears gain hearing
when they explain that bon weevils
We're In the cotton fields In the big
crop years, since when. through Gov
eminent Cndcavor, the farmers have
learned how TO fight the pest more Of
"The FIRST analysis lacks impenng
inspiration lu either direction The
IntrenchCd position Of the New York
July longs ana the fact that the trade
holds the bulk of new crop long interest
while spectators hold The short end.
stand as a barrier against bearish en-
terprlse. on the other hand the CON
yictiun among the talent at large that
The crop as q whole Is doing better than
admitted, together with the fact that
the market is now much higher than it
was some weeks ago, renders bullish
enterprise at this time a bit dangerous.
NEW YORK. June 20 Trading was
extremely light az the opening to-day.
with little cor no outside business The
weather map was considered favorable
There was some scattered commission
house buying. Wilson and Hartcurn
were good buyers Of July.
Liverpool cables. American for
warded 5S,t35 bales; total. &C. 935
American decreased 1850 bales
Riordan4 was "A good buyer after the
call Mitchell led the buying move
ment at $3.50 o'clock when he bid 90
for October. The ring looked short and
bought freely There was very little
cotton for sale. During the forenoon
the buying was general led by Riurdan
Wilson and Geer. Baruch also bought
Hcutz, clifford and Hess were the
leading sellers There was some scat
tered profit taking on the advance.