Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-26
COTTON GOSSIP

Greenville, S, G., wired The New York
in this country in machine, believe 95
per cent of the crop Is picked"
Tyler. Texas, wires: Texas crop
practically ginned and all sold"
Clement, Curtis & Co. issued a new
estimate Monday being 1S'4OO,OOO bales.
NEW ORLEANS. Nov. 26.-Hayward
& Clark: The weather map shows
cloudy over the entire belt, except fair
in the southeastern quarter. Scattered
light rains in the Western States"
The New Orleans Times-D Democrat
says: I'm the interest of their custo-
mers, future brokers ran from notices
of intention to deliver cotton on De-
cember contracts. Some $500 notices
were issued in the local market yester-
day and messengers spent the day in
passing them from one office TO another
before they found Judgment All of
which evidently proves that the New
Orleans official discounts on low grades
are not great enough to truly reflect
commercial trade conditions and that
further revision will be necessary. Lo-
cally, December traded at a discount of
25 points under January. or more than
enough below the latter to pay carrying
charges.
This reflects the fear OF a further
widening of differences Meanwhile, the
cotton market acts somewhat suspi-
ciouslY. Actual cotton handlers say that
undesirable cotton is weighing on the
market. though there is a fair demand
for some of the low grades. Money for
the carrying of cotton is not easy to
obtain, and merchants, as a rule, do not
encourage the carrying of lines of spots.
very large crop estimate is expected
to make its appearance today. and an
ttcfpatiOn thereof in conjunction with
relative weakness in the local Decem-
Der position, caused some Withholding OF
support
Sterret Tate comments on Joseph
Newburgec's crop estimate as follows:
"Newburger's estimate of IL. 500 900
minimum said to include linters and
repacks was made public to-day,
against l3600,000 last year, maximum
not including linters and repacks.
THE question is how does he get at
his figures this year They contradict
all the Information we are getting and
the unanimous claim made from most
sections that this has been the most
rapidly picked, ginned and sold crop
of record. His estimate by States fol-
lows:
Alabama. 1850, 900, to equal this
amount we must gin 100000 bales after
November ID compared with 4O6 900 last
y
bales must be ginned against 257 900 last
year. Florida, so. 900 means 279 900 TO
be ginned, against $4,000 last year.
Georgia. 1850 600 means $4,000 to be
ginned against $4,000 for last year.
In this State the records show
we have already ginned 100000 more
than last year. Louisiana, $50 900,
means 10000 bales must be ginned,
1,25O 600. means $4,000 must be glnned,
against 405, 600 last year North Caro-
lima, 950,c 600, means 45700 must be
ginned. against 30S 900 last year Okla
home. 925. means $50 900 must be ginned
against 1872, 600 last year. South Caro-
lima, l,550.000 means 555 600 must be
gined against $40 600 last year. In this
State we have already ginned 900
bales more than last year. Tennessee,
420, 900, means $4,000 must be ginned
against 49,, 900 last year, Texas 1000
600 means 600 must be giuted
against S6SO0o last year This State
has already ginned $4,000 bales less
than last year up to the same time.
The amount Of cotton ginned this
year up to November IA Is placed by
the Government at l0,434,000 bales, COM
pared with 100000 bales last year.
meaning an increase in ginning of 1874
600 bales. This is attributed to and
considered as confirmation of the
general claim that the crop has been
more rapidly picked and ginned than
usual. but is not regarded by the trade
as signifying an increase in the size of
the crop over last year The amount
ginned last year after November IA by
the Government figures. 3,791,000. The
amount to be ginned this year. not
withstanding the claim of early exhaus-
ton Of picking. etc. by Newhurgers es-
innate must be 1855 900 after November
"A or an increase over last year OF 575,-
900. win the gins turn this out? Where
is the cotton to come FROM"