Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-10-31
NEWS AND GOSSIP
Of tie Fleecy Staple

NEW YORK, Oct. S1.-Carpenter. Bag
got & Co: Following shows The Journal
OF Commerce report on the condition of
| Texas and Oklahoma cotton crops
"Texas-The weather has been favor
able to the crop and prospects are some
What better than expected month ago.
No damage has resulted from frost, but
the yield from the top crop will be very
light. In a few localities rams have dam
aged qualities OF the staple, but as rule
, grades run high. Picking is well ad-
vanced, about so per cent being gathered.
against "a per cent last year and So per
cent the year before. II is generally
marketed as fast as ginned, but small
proportion is being held. 1t is generally
Deheved that the yield will equal last
years.
"Oklahoma-Wit exceptionally favor
able weather for the past month, the con-
dltion of cotton has shown some improve
ment. The season is somewhat late, about
% per cent being picked, against 81 per
cent last year, ana oil per cent the Year
before. killing frosts on the I'D instant
did no serious damage except to touch
the top crop IN some localities, the pros
poets for which are only fair. Cotton is
generally sold as fast as ginned, and none
is being held. The quality of the staple is
good"
The buying of commission houses and
the ring crowd bid the market up around
the forenoon trading. There was very
little cotton for sale.
Paris, Texas, wires; Raining and
turning cold"
Following are II a m. bids: December,
ll4I; January, 11.49; March, 11.65; May,
NEW ORLEANS, Oct 31.-Hayward &
Clark: The weather map shows raining
in the northwestern quarter of the belt
with snow at Amarillo, but no cold wealth
er except at Amarillo. Temperatures
oklahoma, A degrees; part cloudy to
cloudy elsewhere; no rain; no cold Indi-
cations are for rainy and colder weather
IN northwestern quarter; probably heavy
to killing frost in oklahoma ana north
western Arkansas; cloudy, rainy and cool
er elsewhere no frost of consequence.
The New Orleans cotton exchange will
be closed to business tomorrow (Novem-
Der u on account of All Saints day
The New Orleans Times Dem ocrat says:
In spite of reactionary theories cotton
values continue to advance. Simulta-
neously more moderate crop views have
begun to attract attention, and the con-
viction that the actual consumption of
American grown cotton will exceed the
record breaking quantity consumed last
year gains converts every day AS the
cause of the movement approaches with
prices on the up grade. bulls in general
become more firmly wedged to the belief
that requirement has been undereStimated
and that demand for the actual which,
they say, has fully taken care of the
heavy movement, will continue to take
care of the lighter movement later on.
In this connection it is well to remember
that greater percentage of the ginnngs
has come into sight this year than last,
consequently the crop this year has moved
more rapidly than did the crop of last
year
Meanwhile the heavy off-take has forced
low price people to realize that the tex
tile trade the world over is excellent, con-
quently they have had to fall back on the
favorableness of the weather, which has
promoted maturity, on the rapidity of the
advance, and on the repeated claim that
new business is conspicuous by its alb
sence. There is no getting away from
| the fact that recent weather has in
creased the volume of the yield but it is
as yet a wide open question as to what
the crop promised to be before good
weather in the late fall began to increase
the outturn Theoretically, the advance
has been too rapid, but since the market
has been an abnormal affair most of the
time during several years past. theory
and practice nowadays do not always har-
monte. AS for the absence of new bust
ness there is no denying the fact that ex-
porters have complained at this score ever
since the season opened.
Estimated receipts Friday:
1912 1911.
New Orleans ..... $500 to $500 ......
Galveston ..........27,50 500 to 29, 500 24,235