Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
COTTON GOSSIP

9 Tate saws. Liverpool cables re
feet Increasing anxiety OF the part u
foreign cotton manufacturers as We ar-
prOach the close Of the next condition
report period. and the date for c.osIug
the gin reports, the prospect Of those
two reports become more bulllsh, and
those who have 50 long been bearish are
now changing their views and "a cents
IS freely predicted in the next week OF
ten days Weld & Company say their
travelling representative estimates crop
IN Texas 3.505. 600 bales This is allow
ing for a good deal Of late cotton IN the
Middle West and northwest Texas. the
principal bullish factor Is the prospect
I've yield from this crop, which prom
ises % be small, compared with the
world estab ished requirements Of
American cotton. ! look for al advanc-
ing market with only slight temporary
reactions
Washington wires: 1T T. said that
the cuDterees have practically come 10
al agreement on the cotton futures bill.
j is tU accept the amendment offered in
the House by Congressman Lever and
In the Senate Of Senator Smith cf South
Carolina, in which raw cotton IS divided
into nine grades. from which real deIiv-
cries must be made. Cotton sales not
consummaied in this WAY on exchanges
and therefore constituting not real sales
are 10 be taxed 80 cents bale"
Dallas wires: Texas and Oklahoma,
generally clear, very cool"
Browne, Drakeford & CO. Liverpool,
cable. Market advanced In cOnse-
quence Of further unfsvorabie weather
reports; little actual Offering, heavy
buying by America and local
NEW ORLEANS. Sept. 22.-Hayward
& Clark. The weather map shows
fair over the entire belt, no frosts in
the western half Of the belt. and tenn
peratures rising all over the State. 80
degrees minimum. but some low temper
atures prevail over the northeastern
quarter Of the belt, with light frost
a. Admission, North Alabama and the
Tennessee Mountain district lndiCa-
tions are for partly cloudy 20 fair and
warmer over the western and central
belt, fair and continued cool over the
Atlantics, possibly Hight frost IN por-
lions Of the CarOlinas and Tennessee.
Washington forecast for the week.
Generally fair during the week except
local showers in Florida Monday and
Tuesday Lower temperatures will eX-
tend TO tho Atlantic coast by Wedues-
day night. light frost probable Monday
morning IN extreme north Of Alabama
and Mississippi. in Kentucky and Ten
nessee, and possibly on Tuesday morn
ing In interior Of North Carolina and
northern portion Of South Carolina.
Tho New Orleans Times Democrat in
monthly report on the condition OF
the cotton crop says:
81. sharp deterioration has been the
rule, and in some sections radical
change has occurred
80 The boil weevn has done great
damage in Louisiana and Mississippi
but elsewhere the loss seems to have
been less than was feared
80 Many correspondents refer 10 the
scarcity OF pickeTs, the migration of la
Dor having been considerable
- Farmers seem generally disposed
to sci, at current prices at least enough
10 meet all obligations, but there will
probably be strong holding movement
little later on
"5. The recent rains have distinctly
lowered the grade The effect on the
yield i'm Texas and Oklahoma Is prob
lematiCal as yet, for much will depend
on the date OF killing frost"
Il T. Kearney, FIRST vice president Of
the Texas and Pacific lines, on his re-
turn 10 New Orleans Sunday from a trip
through the cotton district, SAYS: The
fully % per cent" He based his opin-
ion on the reports OF agents along the
Texas and Pacific lines which were that
the recent rains throughout Texas
came too late TO do the good that was
expected, and the loss VIII be approx
mately 1000 0N00 bales over what had
been expected at the outset OF the cot
ton season The reduction Of the cot.
ton tonnage VIII have marked effect
on the expected car shortage through
out Texas and Louisiana. and Ii Is said
that the car situation has materially
improved within the last few weeks IN
consequence