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

| COTTON GOSSIP
Opinions are mixed. but rather lean
to higher prices.
New Orleans wires: spot demand
changed: more offerings from Alabama
and western States"
Reports Of food damage in Texas had
stimulating effect In the cotton mar
ket to-day. There was some foreign
buying BY local spot people. However,
there was considerable pToft-tsking by
those who gathered their lines at lower
levels The principal selling came from
Wall street and commission houses
were Kiordan. Mitchell, Waters. Cone,
while Schiu Wilson HsnnemRn, Springs
q Co and Gwsthmey sold.
The press dispatches quote Chairman
Lever Of the House Committee on Ag
ricuituTe. as stating that his committee
will report 9 bill at the next session Of
Congress 10 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 20
the House, with the report that the
Senate G!sagrees 70 the Underwood cot
ton futures tax and has reCeded from.
the whole proposition. The House viii
then withdraw its amendment and again
agree TO the bill, II is expected that
some time this afternoon or tonight the
bin vii be sent TO the President
The Morning Sun says: Twelve are
dead; $50 900 900 loss IN Texas foods;
rain stiIl falling over nearly the entire
losses run from 900 % oto 20 90 bales
Dallas wires: TEXAS cloudy; rains
over central and south; pleasant.
oklahoma East cloudy, south and
central part cloudy. north and west
clear"
NEW ORLEANS, Oct. Hayward
& Clark. The 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
IN North Carolina, north Louisiana.
Warm weather generally. and indica-
tious 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 GO. Fort Worth,
raining. 10; Taylor raining. san An
~
o. Shreveport, %; Wilmington IS;
Raleigh OS. Del Rio raining. so; Hous-
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 o ndttion 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
hned to no particular part of that State
with spot sales at LiverpooT amounting
TO the large total of 20. 900 at a sharp
advance in quotations and two Govern
ment Bureau reports one on ginning and
the other on condition. covering up to
september %. market Influences yester-
day were Of 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
stomach.
Liverpool. apparently repentant over
the cabled hoax about labor troubles in
Lancashire, tEied to atone by selling
10000 bales Of spots at an advance Of
is penny points. while futures there
came better than due. and even when
the American market declined sharply
on the publication of the bureau condi-
ton figures, but refused to 40 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 SEES
sion, attracted but passing notice, Janu-
4 hafNFa he
report on condition came out The gin.
ming figures, the largest on record ex-
cept those Of 1911, for the period up TO
September rs, were ignored until the
This showing being a trifie better than
expected. bears, as II by a concerted
move, attacked the market savagely"
Texas rainfall: Abilene. 50; Balm
ger, LIZ; Brennan, %, Brentwood,
122; Columbus, IS; Corsicana, 70; DIAL
las, IS; Dublin, So. Fort Worth. 10;
Galveston, .02; Haskell 40; Henrietta,
.22; Houston, 80; Huntsville. 10; Kerr
vile. 80: Koppert 80, Lampassas, 40;
Longview, 1.6S; Luling. "a, Mexla, %;
Nacogdoches. ~: Paris, 90: Quanah,
.0S; Riverside. 20; San Antonio, 40;
Taylor, 90; Temple. IL; Waco, 70;
WaXahachie, l inch; Weatherford, 30
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 a 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: friend and I con-
f1dent deterioration or more points