Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-30
COTTON GOSSIP

The ring crowd sold their heads off at
the outset and some strong firms bought
The selling was based on the rumor that
Theodore Price was out on an estimate
of 100000 900 bales. Mitchell. Gwath-
mey and Weld supported the market
Stocks of cotton at Savannah are
larger than those at Galveston, revers-
ing the usual state of affairs at those
two points. Savannah now has over
21S, 1858 bales. while Galveston has some
thing like 1871, 727 bales. year ago
Galveston had 313,115 bales in stock,
compared with only l66,5S7 bales in Sa-
Yannah.
S. Tate says: This market does not
advance on all the bullsh news, as |
thought IT would. and fear the technical
position has been weakened
Heavy buying during the last three
days undoubtedly piled up "A lot of weak
long cotton. because buying has been
sea altered and now there does not seem
to be buying pow er enough to lift this
load, Notwithstanding that the situa-
ton is as bullish as it could possibly be:
The freeze now settling down over
the belt will put an end to all further
growth and maturity OF green bolls if
there was any left after the last freeze,
and in spite of the fact that Mr.. Price
suggests the last ginning probably fore
casts total yield of $4,000 900 / think
the crop figures will be materially re-
duced during the next few weeks.
was some new bullish features develop
ing to bring new support. that the mar
ket may ease off temporarily. Such a
decline, | believe, is going to be tenn
porary and offer much better opportu-
nifty for investment ! feel just as bull
ish as ever, but would rather be eau
tious at the moment and buy only on
decline"
Special reports to The Journal OF
Commerce says:
Arkansas Excessive rain Is the
cause Of much complaint, and the grade
has been greatly lowered. Cotton IL
hard 10 pick and is coming on the mar
ltet slowly. as picking returns show,
the crop being about 50 per cent gath
cred against SO per cent last year and
Sc per cent i'm 1911 There will be no
further top crop owing to killing frost
on October 81, being sufficient to stop
growth. Some fields are flooded and
bolls are rotting. There are a few
correspondents who look for a larger
yield than last year and say the frost
has improved prospects. Percentage
condition Is about the same as last
frost was November 2.
"Louislana-On account OF excessive
rains, considerable cotton has rotten
In the buls and the grade is much i'm
paired. Boil weeVils took practically all
the top crop, while frost on october Il
did considerable damage Altogether,
the prospect Is very poor and percent
age condition shows severe deteriora-
ton. year ago killing frost appeared
on November H. The crop is only 70
per cent picked, against SO per cent last
year and 80 per cent in 1911. Farmers
are selling as fast as the staple Is gath
cred
Tennessee Killing frost on October
20 destroyed largely top-crop prospects
and checked further growth. Last year
the first killing frost was on Novem-
Der 2, and in 1911 was on October 90
But for frost and some injury by rain,
the weather has been favora BILE and
percentage condition shows some inn
provement over a year ago. Picking Is
well advanced, being 81 per cent gath
cred, against AZ last year, IS in 1911
and Al in 1910.