Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-03
COTTON GOSSIP

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Opinions are mixed. but rather lean
to higher prices.
New Orleans wires: spot demand
somewhat slower. Spot prices un-
and western States"
Reports Of food damage IN Texas had
a stimulating effect in the cotton mar
ket to-day There was some foreign
buying BY local spot people. However
there was considerable proflt-taking by
those VINO gathered their lines at lower
,ve!s. The principal selling came from
wal street and commission houses
Liverpool also SOLD. The leading buyers
were RiorGan, Mitchell, Waters. Cone,
&. Co. and Gwathmey sold.
The press dispatches quote Chairman
Lever Of the House Committee on Ag-
ricqlture. as stating that his committee
VIII report bill at the next session OF
Congress to regulate cotton exchanges.
The Senate last night adopted the
conference report On the tariff bill, but
receded from the Clarke amendment,
and rejected the Underwood substitute.
BY this action the bill will go back to
the House, with the report that the
senate c.sa grees to the Underwood cot
ION futures tax and has reCeded from
thsE withdraw its amendment and again
agree 10 the bill. II Is expected that
some time this afternoon or tonight the
bin viii be sent to the President.
The Morning Sun says: Twelve are
dead; $4,000 600 loss IN Texas foods;
rain stin falling over nearly the entire
state, estimates Of probable cotton
over central and south; pleasant
"Oklahoms-East cloudy, south and
central part cloudy. north ana west
clear"
NEW ORLEANS. Oct. Hayward
& Clark: Tho weather map much more
favorable; shows only rain In Texas and
that much lighter. No rain in the belt
outside Of that State except sprinkle
Warm weather generally, and indica-
tons are for continued fair to warmer
in the central and eastern States clear
Ing In the northern and eastern half Of
Texas Showers prevailed in west and
south Texas.
Rainfall: Abilene SO. Fort Worth,
raining, 10; Taylor raining, San An
tonic raining, SO; Galveston, raining,
o. Shreveport, 20; Wilmington, IS;
ton 80.
Manor, Texas wires: Nine inches Of
rain has fallen during the past 36 hours.
All lowlands under water. Actual dam
age TO open cotton 10 TO 10 per cent loss.
This @ ndition prevails in Williamson,
Travis, Bastrop, Caldwell and Hays
Counties. Nothing will move in this
section for several days"
The New Orleans Times Democrat
says: "Torrential rains in Texas con-
fined TO no particular part Of that State,
with spot sales a Liverpool amounting
10 the large total OF 10000 at a sharp
advance in quotations and two Govern
ment Bureau reports. one on ginning and
the other on condition. covering up to
September 20, market Influences yester-
day were Of a dynamic character ANY
one Of these Influences by itself would
have made or marred a market, but
taken In one-lump dose, the trade and
the talent both had all that they could
stomach.
Liverpool apparently repentant over
the cabled hoax about labor troubles in
Lancashire. uied to atone by selling
10000 bales Of spots at an advance OF
IL penny points, while futures there
came better than due, and even when
the American market declined sharply
on the publication of the bureau condi-
tion figures, but refused to 10 below
Wednesdays closing level in the English
market.
ITO all appearances. the English
cousins had the bull fever. and were
taking no chances on the bureau or the
weather causing another sharp upturn
without their having at least a few
bales of spots and contracts
New high levels, reached In this
market during the early morning ses-
sion. attracted but passing notice, Janu-
airy selling at l4.06 before the bureau
report on condition came out The gin.
Cept those of 1911, for the period up to
September %. were ignored until the
bureau condition of cal was announced
This showing being a trlfie better than
expected, bears, as II by concerted
move, attacked the market savagely"
Texas rainfall Abilene, .8s; Balm
ger. 1.12; Brenham, 90; Brentwood,
"a; Columbus, .9si Corsicana. 70; Dali
las, Is; Dublin, 50; Fort Worth. 70;
Galveston, 90; Haskell, 40; Henrietta
%; Houston. 80, Huntsville IL; Kerr
Vile, SO, koppert. 30; Lampassas, AZ /;
Longview, L6S; Luling, "a; Mexia, 20;
Nacogdoches, IL: Paris, %; Quanah,
OS; Riverside 20: san Antonio, 40;
Taylor 90; Temple, 70; Waco, ~;
WaNahachie, / inch: Weatherford, 80,
A large Alabama SPOT house says:
September weather conditions will add
largely to the yield. With killing frost
at average date, but even with medium
frost date we see no reason why the
States east OF the Mississippi river
should not produce yield nearly equal
to 1911.
Mineral Wells. Texas, wires: "Rained
all day yesterday and last night. now
pouring down Cotton rotting and
sprouting badly Weevil and worms do
ing big damage. A friend and I con-
fident deterioration s or more points
since September 20. Am sure Texas and
Oklahoma will not make 4 200, 900 bales "