Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-05
COTTON GOSSIP

The trading on the opening was of a
light character. Cone was probably the
best seller. Wiggin was the leading
buyer on the call. After the call the
market was supported by March, Hentz,
Mitchell and Waters, with very little
cotton for sale. General sentiment con-
tinues bearish. however.
1t was rumored that the National
Ginners Association reports ginnings to
November / at $3.50, 900 bales. If the
Census Bureau report is the same 1t
may be very bullish, according to con-
sentative operators.
Journal OF Commerce SAYS: at is
pointed out that a good smany million
bales have been sold at the highest
prices for years past for the first few
months of a season, and II is contended
that this puts the farmer in better
position to hold If he sees fit The cot
ton, however. is being rapidly sold and
thus gotten rid of so that the bulls
think the statistical position shows a
also maintain that the very absence Of
the outside public is good thing, be-
cause the market is devoid of the weak
holdings incident to outside speculation,
and that at the same time, there are
now no large concentrated holdings in
the market They still insist that the
crop. is, far below the worlds require
ments."
Dallas wires: Texas generally rains
and pleasant. Oklahoma-Steady rain
over entire. State; average temperature
so degrees"
Rainfall: Oklahoma as, Dallas 90,
Taylor 2.S2, San Antonio 10, Corpus
Christi IS, Galveston 5s. Palestine 36,
Del Rio 06, Houston sc
Dallas wires: Eighty per cent OF the
crop picked in central Georgia. Gins
shutting down or running on part time
south of Macon. Estimates Georgia
crop at 2,225, 900 bales.
Several cotton firms in Dallas. in
GLIDING one of the largest in the South
have closed their offices for the season
Heavy general rains over Texas and Ok
lahoma will do further damage to the
crop and delay picking"
The New Orleans Times-Democrat
says: LAS on Saturday. only one
for business Tuesday and trading was
restricted largely to hedging operations
and to the shifting of position by scalp
ers. The belt was cloudy and rain fell
in Texas. Advices from the Atlantics
tended to confirm early reports of i'm
portant damage done by the frosts ten
or fifteen days ago. Liverpool spot
sales were large.
Europe. while seemingly not now in
clined to buy very much cotton on this
side. nevertheless, urged no delay in the
completion of old business. Actual
cotton merchants in the South said that
the spot basis on desirable cotton was
stiffening, but that the banks are very
tight;
public to the southwark seems to have
reached a climax. and hostilities be-
tween the United States and Mexico are
9v.sW tod lN-f I'll ia
generally believed that Europe enter
tains sufficient respect for the So called
Monroe Doctrine to prevent outside COM
pllcatons. which would mean that inc
United States would merely engage in
international police operations on a
big scale. Under such circumstances
the cotton trade, at least. believes that
International trade in general would not
be interfered with. and that irmy re-
quirements would really result in more
trade activity in some directions"
Columbus. Ga. wires Crop turning
out shorter than expected since freeze
Picking nearly over Columbus stock
900 bales, 5000 less than last year.
fourths market sold"
S. Tate says: Every condition but
one is bullish, but that one is so power
full that even with the buying that Is
taking place prices do not lift as they
should. I refer to the technical posi-
ton. ! believe there is too much weekly
held long cotton, and until this line is
reduced, l do not believe the market
will advance TO any great extent or
hold what advance takes place
"On the other hand, | believe we may
have a good break of 40 to 60 points.
But | believe in 10 cents at no distant
day"
J. B. Turner. OF Memphis. wires:
"Ginnngs to November | are as fol-