Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-15
COTTON GOSSIP

The tone Of the market was much bet
I ter to-day and looks as il il will work
( higher through active buying by strong
interests. However. sentiment continues
/ beartsh and there is still a disposition
on the part Of the rng and scattered
longs to sell on all rallies and soft spots.
New Orleans wires: Spots not active
! here. Many say spot cotton sold Is of q
| cent lower yesterday and are lower to
trade to-day. Atlantics selling us"
Swanson & Co. estimate the cotton
crop at lS.5Oo'ooo bales.
The weather map was again favor
able. but the market looks oversOld.
McFadden. Geer and Gumoens were
/ good sellers on the declines. HentZ was
probably the best buyer.
Sentiment is so bearish that prices
may swing temporarily lowers. Tate.
Dallas wires: Texas and Oklahoma
fair; no rain or frost; temperature co"
NEW ORLEANS, oct 15-Hayward &
Clark: The weather map shows fair
and warmer over the eastern half Of the
| belt; partly cloudy TO warmer over the
western half. Not a drop Of rain over
| the entire belt, except "a of an inch at
Galveston. Indications are for unset
tied rainy weather coming on Texas,
Oklahoma and Arkansas. Cooler in the
northwestern quarter of the belt. Gen
orally fair in the eastern half.
The New Orleans Times Democrat
says: For the first time in some days
ideal cotton belt weather robbed the bull
Of his weather scare weapons, and the
market vision being clear. fundamental
conditions began TO exert a normal in
tiuence. The result was a decline Of
about 81 bale.
The eastern belt. with its large crop
Of fairly good grade cotton. is now the
dominating influence, just as II was dur
ing the fall of 1871. Georgia has a big
crop, and Savannah, the leading Georgia
spot market reflects Willingness not
anXiety-amOng spot owners to part
with their holdings. Yesterday Savan-
nah reduced middling liverpool class)
] Is, to l2.75c, while travellers returning
from the east reported receipts at the
Georgia towns were averaging strict
ION the whole. Georgia seems to have
raised a better average crop than the
west. especially on the river lands, where
much commercial l 3-16 and IA Inch
staple cotton has been produced.
Experience has shown that the early
season attitude Of spot owners is the
best guide to the volume of the yield in
the several sections. The west is spt
shipper The east is very free seller,
and is becoming a very free shipper.
Aside from all other proof this is good
evidence that the east has a fun supply
to draw from, while the west has not.
Cordill wires from Memphis: Brook
haven. Jackson. Vicksburg to Rolling
Fork the weevil practically ruined the
crop
Rolling Fork to Leland crops are
good. Leland, Clarksdale to Memphis.
the Delta, excepting the southern part,
has the best crop in its history. Simply
immense and practically assured. The
weevil has been so destructive and act
i've in hills and extended over so much
greater area | am afraid il will offset
largely the gain in the Delta and north
Mississippi. Locally around Memphis
the crop is excellent Memphis district
large crop practically assured.
September rains followed by favor
able weather maturing crop normally.
North Mississippi and Tennessee show
no new growth but full maturity of
normal crop, which is safe from normal
frost Sufficient time elapsed to make
intelligent report on Texas, Oklahoma
and Arkansas.
Weather continues favorable for
normal opening and maturity.
THE Delta has had big crop all the
year. except in the weevil district, and
still has It. Past few days has been
favorable for rapid maturity ana open
ing"