Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-16
COTTON GOSSIP

John Swanson may be right when he
estimated the cotton crop at lS,ooO,ON
bales. but he certainly missed the re
turns last year when he estimated the
yield at S,4O0. 600 bales. The crop
turned out to be something more than
1911. the bumper year. when he
guessed the crop at 1860. 900 bales the
yield in that year totaling about $685.
goo bales. He may guess II this year.
but there are many from the "show-me
State
The principal feature Of the market
Wednesday was the buying by the spot
people, and il is said that spinners
were large buyers all day. The mar
ket was steady i'm the late trading. but
met good deal Of selling on hard spots
coming from Spectators and Wall
street. Some Of the larger spot PEG
pie are said to have sold this market
and bought in Liverpool, and there was
hedge selling throughout the day
Opinions last night were very much
mixed and the course of the market Will
depend largely on weather conditions
during the next few days should a
cold spell develop in the western belt
IT Is very likely that we will have a
wave Of short covering However. the
popular feeling is that the market should
sell around 1880 for December before
we should expect an advance Of any con-
sequence. The reason for this is that
the weight Of the bales will be heavy
and trade demand will not be able to
take care of the hedge selling, as the
Spectator Is against the MARKET
NJ. Anderson.
S. Tate says: ~ believe the worlds
demand for American cotton will eX-
coed the crop and, on basis Of supply
and demand, believe higher prices will
run as the season advances. Favor buy
ing on this decline
Browne. Drakeford & Co. Liverpool.
cable: The strike is ended; mana
ger apologized; resume work to-day"
Dallas wires: "Texas-C Cloudy. misty,
warm, except Amarillo, 80. oklahoma
Cloudy, threatening showers over the
northeast, central and southwest part Of
the State; cloudy; 80 degrees"
The map is favorable. Shows fair
over the Auantics. cloudy over the rest
of the belt; few light rains in Texas
misty in oklahoma and Shreveport, No
frosts anywhere in the belt.
Rainfall: Amarillo. 20; Oklahoma,
.O6; Abilene, .3s; Del Rio, SO.
The Journal of Commerce says: "Spe-
cial advices to us from New Bedford,
under date Of October IA, say New Eng
land mills are buying cotton slowly and
that comparatively little IA taken for
future shipment The season has been
disappointing for brokers, and the eX-
IRENE fluctuatUn in the market is said
to be responsible for the short supplies
in the mills
The New Orleans Times Democrat
says: "On the face OF the returns II
would SEEM that the excellent weather
i'm a
some shorts to overreach themselves
Tuesday. But, in any event, contracts
advanced Wednesday, in spite Of SPLEEN
did weather an acute Mexican situation
and further declines IN the spot mar
THE bulls said there was a steadier
undertone, but their assertions were not
backed up by the advices from the spot
Centers
Bears said the market was boosted
on an over-hopeful bullish view of the
near future market
The Mexican situation looms larger
and larger, but the talent is somewhat
divided in their opinion as to he cotton
market effect open hostiiIties be-
tween the United States and the Huerta
faction would have. Among some tn
belief exists that war would disturb
TEXAS and unfavorably affect the cotton
field labor situation there. Others think
That war itself alone would exert a de-
pressing influence on the cotton market.
The more conservative view however,
has 1t that the great nations would re-
gard the sending of United states
troops into Mexico more in the nature
of police move than OF a war, and that
the affect on trade would be nil. except
possibly for some temporary nervous
ness. Meanwhile, the crop in the east
ern half Of the belt looms larger and
larger, and, as yet there is no evil
den2e to show that spinners are becom-
Ing uneasy over The supply outlook"