Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-10-22
NEWS AND GOSSIP
Of the FIeecy Staple

NEW YORK, Oct. 22-Carpenter Bag
got & Co.; Mr.. S. Tate says: 81 think
there Is a general disposition to overesti-
mate the crop in the western part of the
pelt, particularly Texas and Arkansas on
account of very heavy movement but the
carry maturing of this late crop and the
lact mat cotton opened so general all at
once IN central, southern and south
western Texas southern part of the gulf
states, has made ginning heavy and the
movement large, so | think this ginners
report on October 20, showing amount
ginned up to the 18th, will be from So TO
"a per cent of the crop The average
percentage OF amount ginned up to Octo-
cent.
This is since the extensive farming
mas been more in vogue. and since the
planters have resorted to putting in an
carry maturing kind of cotton in order to
nght the boil weevil, which is most de-
struct1ve late in the season.
We may have some lower prices, but
situation Is growing more bullish. Good
grades are oversod and the New York flu
ture market is by far too cheap.
am a strong advocate of the long side
buying cotton. conservatively around 10
@l0Ac with idea of buying more in case
1t goes down below these values.
The ring crowd covered today with large
spot brokers good buyers during the entire
tied colder weather with probable light
frost in north Mississippi
Heinekein and Volesgesang cable: NELL
expected Thursday with 1494 minimum;
Manchester reports bleachers short time
soon, owing to the Balkan trouble stop
ping deliveries"
Thompson. Towle & Co. sold about 25,-
600 bales on the decline, which was bought
by Schill, Mitchell, Royce, Hicks and ring
generally.
McFadden, Geer and others who were
early buyers today sold market off at
noon, which was said to be on bearish
cables and Cordills report on Texas also
National Ginners.
Beer Cowell & Co. Liverpool, cable:
India expects larger crop this year"
The best buying today seemed to come
from Parrot, Mitchell Wilson, Schill and
Rordan. The selling came mostly from
SchIll; watkins Royce and Martin.
west, cloudy, cooler; balance generally
clear; 46 degrees at Dallas, 2S at Amarillo,
80 at Hillsboro and sherman; no frost re-
ported. Oklahoma generally clear no
frost reported; 40 at Oklahoma City; 80 at
Perry"
Following are II a. m bids: October
go, December 1854, January 1885,
NEW ORLEANS, Oct. 22.-Hayward &
Clark; The weather map shows fair in
northwestern quarter, 20 at Amarillo,
Texas, and cloudy with general rains in
central and eastern states which are un-
favorable and will delay picking of cot
ton and damage the grade. Indications
are for clearing and colder in the north
central belt with rising temperatures In
the northwestern quarters; continued
rainy weather in Alabama and the At
lantic states,
The map showed the severest cold wave
formation of the season in the northwest
and looks like the cold wave will start to
move on the belt about Friday.
Liverpool cables: Manchester reports
poor business today"
The National Ginners' estimates the to-
tai ginned bales at 100000 and gives
Texas an estimate of 5000, 900 bales.
Texas, heavy frost reported over entire
Panhandle.
The New Orleans Times Democrat says:
Various men explain the Steadiness of the
the future contract market in various
ways but unbiased analysis seem to in
due before the hope and the expectation
of the bears can be realized. AS a mat
ter of fact most everybody is bearish,
shorts are far more in evidence than
longs and a majority of both talent and
trade is looking for a dip to 10c.
Under the circumstances bearishly dis
posed operators are delaying, if not de-
feating, their own end by the magnitude
of their numbers. Meanwhile, reported
takings, favorable reports from Manches-
ter and evidence tending to show that the
continental mills are better engaged than
some of the trade has been led TO believe,
have contributed support in the face of
an enormous movement, very large sup
ply and disposition among spot markets
to sink lower and lower.
Following are 10 a, m. bids: October
1895, December 1913, January 1881.
March 1887
Estimated receipts Wednesday:
New orleans 1880 to to 74.5oo s, So
Galveston E. 500 to 20, 500 rs, 060