Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-10
COTTON GOSSIP

party well posted in Alabama says
the State will do well to come up to
last years crop; practically all COTTON
is picked and sold in a great many
places.
It is not thought that spot holders
will become demOraliZed, but rather
that they will resist further decline,
while the trade may be eager to grasp
the opportunity of securing supplies on
cheaper basis.
Mineral Wells, Texas. wires: Regard
ginning figures as very bullish. as pick
ing is two to three weeks earlier. on
account OF drouth 1t is a cinch that
Texas had picked rs to so per cent
of her cotton by November l."
Dallas, Texas. wires: Rode 90 miles
through best cotton fields Of North
Texas Saturday and fully SO per cent
Is picked Farmers will now begin hold
ing. Texas surely under S.S commercial
Think market a great purchase now"
Eighteen inches of snow fell in Harri-
son, Va. Sunday. Elkins, w. Va, had
feet of snow
The first and second picl<lngs OF cot
ton in Lower Egypt have been COM
pleted, the weld from these being
Slightly above the average. The third
picking ts expected to be poor, In Up
per Egypt the cotton is all picked, the
yield beirg about go below the aver
age. The Nina crop is poor in quality
and the yield is late.
The Egyptian Government estimates
Egypts cotton yield this year at 1910
600 bales equivalent to 1,5l5000 Ameri-
can bales), while trade estimates place
the yield at $50 600 Egyptian bales
equivalent to 1,464, 900 American bales)
The 1912 crop was equal to 1923, 900
American bales
The early decline was stopped by good
buying by HentZ, MCFadden and Gwath-
mey. Bull leaders were advising their
friends to buy on all soft spots. Shorts
were frightened over an ugly weather
map and ran to cover
Those who have stuck to the bull side
through thick and thin continue liberal
buyers despite the bearish Government
ginnings and Cordill's crop estimate Of
l5,340,0OO bales.
E. P Loveman, who has just re-
turned from a trip through the Allan
tics, says: Il never saw cotton picked
and ginned so fast as this season.
Farmers are marketing their staple at
a record rate and demand for cotton Is
extraordinary. There is not the slight
est chance for a top crop; the frost
killed all that. The crop is made now
and l don't believe it will exceed A.
600, 900 bales"
Cordilrs estimate of 10, $40, 900 bales
commercial crop by States as follows:
Alabama, $50 900 bales; Arkansas 900, 70
900; Florida, $4,000; Georgia, 2,7sO 90:
Louisiana. 100000 Mississippi, 12250O;
Oklahoma 900, 600; South Carolina, L.
900 900; Tennessee, etc. $50 900 bales
Texas, 1850, 900; North Carolina, 1,O00,-
900
Mr.. Cordm says: Nearly a perfect
spring perfect soil preparation, largest
acreage ever planted, none of which has
been abandoned Nearly perfect stands
favorable spring: thoroughly cultivated
crop, laid-by clean. The foundation for
large crop was laid and nearly per-
feet conditions obtained by August TO-
after which date Texas. Oklahoma and
part of Arkansas deteriOrated sharply
from an exceptionally high condition,
for which due allowance has been made
East of river crop suffered very little
from any cause. A cool wet September
October, kept plant growing and fruit
ing right up to frost This coupled with
the heavy foliage has caused cotton to
open abnormally slow in parts of Geor-
gia and both Carolinas, Immense guam
titles Of fully matured unopened cotton
in these States which is opening very
fast since frost Georgia and Carolinas
will be the SlOWest picked crop in their
history Weather as a whole has been
distinctly unfavorable for picking crop
west Of river since September 10"
e. f. Hutton & Co. queried some Of
their Southern correspondents for views
on Cordill's estimate for their respect
i've States Here are some of their re
plies: Oklahoma City-"Thuk CordilI
about 100 900 bales too high"
Austin "Cordill too high.
Think Texas under 1000 600 bales"
Atlanta, Ga. Think Cordil about
100, 900 bales too high for Georgia"
Spartanburg, 5. C.-"Think 80 900 to
100 600 bales too high. Marketing al
most at standstill since decline"
The official weight statement of cot
ton for September and October shows
average pounds lighter than last year
or 5247S, against 52992 last year
PORT RECEIPTS