Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-20
COTTON GOSSIP

NIth the exception of buying of July
py Lester the cotton market was fea-
tureless at the outset to-day. Mitchell
sold December
watkins ginning by States follows:
AGiabama 1,1S4,000; Arkansas, S99, 600;
f. io iorldas goo; Georgia, 1888, 900; Louis
l GI' zoH 200; Mississippi, $4,000; North
Carolina, 50S,000; South aaroifna, / ,O34.-
W.; Oklahoma, ca, 600; Tennessee, 236-
wy; Texas, S,l69,000; others. $1,000 to-
tai. l0,2S0, 600
The revision committee meets this
afternoon at $3.50 o'clock.
1t Is said that McFadden interests are
responsible for the last downward move
ment' That interest is believed to be
seiIlng against purchases in Liverpool
Tor big straddle operation.
However. there is too much strike
TAX Mexican trouble and predictions
OF big ginnings and large crop esti-
mates to bull the market.
Liverpool failed utterly to come I'D to
expectations, cables being about 2 points
lower than due. The weakness abroad
was attributed to large offerings from
me me II, 9outh; ana hedge selling from this
market. However, the foreign market
continues to flash large spot sales. Yes
telnay l5,ooo sales were recorded and
I1,ooo to-day. This evidently indicates
minis are tdhlnS on supply.
Merchants will carry over a big stock
OF cotton bagging and ties. according to
Selma, Ala, adVices Farmers saw this
trict.
According to Savannah advices. Euro
pean bids for cotton are 81 a bale too
low. There is no demand and exporters
are trying to resell.
Paris, Texas, wires that the quality
OF cotton coming to that market is
good. The staple is nearly white. and
grade strict low to middling. There
Is no top crop to speak of.
Dallas wires: Texas cloudy; scat
tered to light showers Oklahoma
Cloudy and threatening; pleasant"
c: c. Torbert, OF Opelika. Ala, sent
n. L.. Carpenter & Co a bunch of bolls
Killed by the frost and they were in
Spected yesterday with great interest
by cotton brokers and traders. Some
or them were rotted and others were
100 immature to use, but most of them
were cracking and some were partly
open. a MIL man who saw them gave
1t as his opinion that the sound bolls
would make very good 'hollie" cotton
OF spinnable quality, and expressed the
view that If the killing frost had treated
other young cotton as well, there would
De lot of 1t which could be spun Mr.
Torbert wrote that the bolls were SAM
pies of the young or late planted cot
ton In that district They had been
through five frosts, three OF which were
freezes.
NEW ORLEANS, Nov. 19-Hayward
IL Clark: The weather map shows gen.
orally cloudy over the western half of
the belt and Tennessee and North
MISSISSIPPI. Generally fair over the rest
of the belt. Some rain over East Texas.
The New Orleans Times Democfat
says Tuesdays American cotton mar
ket exhlolted exactly as much weakness
as strength In other words. the po-
tenuality OF each of the opposing fac
uons, for the time being at least, occu-
pied common ground, the influence OF
the one neutralizing the influence of the
other AS matter of fact most every
Der IA
1.-THE bull believes the ginnings will
prove very large for the period. He also
oeneves the total outturn will be small
enough and the seasons actual con
sumption large enough to take good care
of the market throughout 1854
The bear believes the ginnings will
De large. He also hopes that compari-
sons as of November IA will show an
excess over last year. in contrast with
more bullish comparisons as of No
Vember l, which will seem to make the
large crop estimates plausible, and thar
a period of bearish influence will fol-
low.
Meanwhile, Liverpoors spot sales
nave increased to 5000 bales a day.
Sut forward sales on this side com
plain that America is too near LIVERPOOL
for the encouragement of fresh business.
ana In some quarters the impression
seems to be spreading that the British
market is rather incluined to permit
America to carry the bulk of the load
until nearly time to make deliveries to
the consumer.
Desirable cotton Is no easier to buy
IMAM II has been all along. Undesira BILE
cotton is no easier to sell The specu-
lative interest in contracts is not nearly
so large as it usually is at this time.
Nevertheless, the short seller is now
constantly haunted by the suspicion that
strong people pick up few contracts
on al dips and lock them up for future