Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-16
COTTON GOSSIP

NEW YORK. June 16.-J. NJ. Ander
son: Some of the ring crowd were
aggressive sellers on and after the open
ing and their sales found ready pur-
chascrs IL was evident that a lot Of
cotton was wanted, Memphis reported
a good buyer OF new crop. also some Of
the Wall Street houses This started a
wave OF short covering and a rapid adj
there seemed 10 be very little cotton for
sale The new crop option was much
stronger than the old in the beginning,
bat spot people were noticeable buyers
of old crops. Selling was scattered
, The Times Democrat was out with
bullish report which brought some
( buying from New Orleans. However,
/ Turner's report was bearish. Weather
was favorable and private wires report
ed good conditions In some sections.
| The bears are very limited. Interests
now seem to be entered on consumption.
/ which, Of course, must be recognized as
he rise or fall, until there are further
developments
NEW YORK June l6-The market
opened steady. The ring crowd was in
cliued TO sell The market, however.
held steady after a sharu decline from
the opening The TimesDemoCrat crop
report was construed as bullish, causing
heavy buying
Heavy short covering dominated the
market after the call; also speculative
/ buying Spot people purchased July,
causing the advance.
Memphis wires under date Of June IA:
Reports received at the Cotton lex
change to-day say farmers in and around
Kilmichael, Miss, are blowing up acres
Of cotton because the boil weevil has APP
peared In swarms
Liverpool cables: american mlddling
"a rnnJ rY,fHTlfper & QQg- MIL
ding, G75d. low middling, 6 sod, good
ordinary, 6.2Sd; ordinary 5.S9d."
Dallas wires Texas and oklahoma,
generally clear and warmer"
So far as weather news is concerned.
there is very little incentive to support
The new crops.
! NEW ORLEANS. June l6-Hayward
/ good. shows fair and warm over the
entire belt, except partly cloudy in
southwestern quarter, no rain except
I few spriulles In Central Texas and
some good rains in South Texas where
needed, night temperatures 10 to 20 de-
grees warmer than Friday and some en-
tirely normal.
Washington forecast for week: Warm
and generally fair weather greater part
, OF coming week in Southern States. al
| though local thundershowers probable
along immediate Gult ana South Auan-
tic coast
The map continues to Indicate gener-
I ally fair and warm weather. except pos
sibly few showers in South Texas.
The New Orleans Times Democrat
herewith presents its corresp ondents'
first report on the cotton crop OF 1913.
+ The consensus Of opinion points to the
4 following results:
l. The Increase of acreage is slight
| probably about per cent at the most
2 The general condition is fairly IA
vorahe, but many sections complain OF
/ poor stands caused by unseasonably low
/ temperatures
3 Labor is said to be scarce in some
districts in consequence Of migration to
/ towns and public works,
! 4 Taking the belt as a whole, the
crop is an exceedingly spotted one, and
/ the weather Of the next month win be
extremely important
/ S. There is a good deal Of talk OF boil
/ weeVil. but It is too soon to form an idea
/ of the probable damage