Atlanta Georgian., 1913-10-18
COTTON GOSSIP

The next Government ginners' report
will be issued October %, at a. m.
central time, showing ginnings TO Oc-
tober IS.
The sudden rally Of 80 points from
Wednesdays low mark rather took the
breath away from commission house
traders and SO few had the courage to
hook on. that general outside business
was light considering the fluctuations.
The bulk of buying by the larger spot
interests took so many contracts out of
the market Thursday that Wall street
and the uptown shorts found II bare
when they tried to cover in that last
hour on bullish news from Oklahoma
Many think that the rally has been too
sudden and it must be helped by con-
tinued unfavOrable weather in order to
hold.
In many quarters last night the be
lief was that If the cold weather pre-
dicted in the west did not materialize
there would be considerable liquidation
to-day, as the market has advanced
fully 90 points in the past "a hours.
The Journal of Commerce says; There
was a steadier tone in the cotton goods
market during the day according to the
reports to us, without any material in
crease in business rendered. There are
so many goods due that many merchants
welcome the quiet OF the past week or
ten days and will not feel troubled If 1t
continues the balance of the month.
Dallas wires: Texas and Oklahoma,
general rain still threatening; average
temperature 55 degrees"
NEW ORLEANS, oct. 17.-Hayward
& Clark: The Government weather map
shows no frost whatever in the belt.
The map shows fair in the Atlantlcs and
cloudy over the rest of the belt. Gen
eral rams in the western half of the
belt; locally heavy in parts of Texas.
slightly cooler in the northwestern quar-
ter.
Rainfall: Amarillo 80, Oklahoma City
so. Abilene 80, Fort Worth 10l. Tay-
lor 2.0S, San Antonio .01, Galveston .5S,
smith Is Little Rock 50 Vicksburg
10, Houston az.
Oklahoma-Gener cloudy; threat
ening, heavy mist almost over the en-
tire State; temperatures 90 to 90. Tex
as-Bremond, raining, cold; Dallas,
cloudy, 5S, rained yesterday; TeXarkana
boro, partly cloudy.
The New Orleans Times Democrat
says; when the Government promised
rain and colder weather over much of
the cotton belt Thursday, speculative
shorts began to fear that spot people
would again scramble for supplies of
the better sorts of the actual and when
the few began to cover many developed
d desire for safety. The res@lt was an
active session and sharp advance.
"In America. contracts closed around
the days high level the New Orleans
tone being very steady and the New
York tone being firm Nevertheless,
some students of the staple left the eN-
changes convinced the advance could
not hold in the absence of frost or freeZ-
ing weather this morning, neither of
which was included in the official fore
cast.
Liverpool is due to open at an advance
of 10 English points, but, even though
the response be full New York and New
close to the level of the chief foreign
market
Another factor that left a bearish feel
ing in some quarters in the wake of the
session was New Orleans spot advance
of only lie of cent, when october
New Orleans closed at 1880. How ever,
other spot markets gave a better ac-
count of themselves, advances being re-
ported OF IS al Galveston, "a at houston,
3-16 at Mobile. a at Savannah. a at
Norfolk and a at Augusta Exporters
now say that continental Spinners have
been buying constantly during recent
sessions: that the spot basis on desir-
able cotton has been running abnOrm-
ally high. and that lower basis would
now be logical: that there is no cheap
cotton to be had anywhere, except OF
low grades.
Spots firm and fully Is Of a cent high
er to buy. good demand for better
grades, but lower grades and off color
cotton entirely neglected.
Galveston wires: Made tour Of
the State of Texas, and it can not
make four million bales with frost on
December l."