Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-08
COTTON GOSSIP

Cone was probably the best buyer on
the call with Geer the leading seller,
which was thought to be for the up
town" crowd. Cones buying was at
tributed chiefly to McFadden and Weld
interests. PARROT also was a conspic-
uous buyer. The selling on the call
was rather scattered, but not aggress-
I've. Later offerings increased, but buy
ing orders from prominent bulls pre-
Their.
The general feeling is that the long
interest has been pretty well liauidated
and IN some conservative quarters the
Deilef Is that the bears have had their
inning for the present However, many
OF the most radical bears still put conf
dence in Habersham Kings estimate OF
lS'fSo,OOO bales for the seasons output.
Kings high estimate presents a revol
from the extremely bulIish tension OF
the trade recently when no price looked
TOO steeD. Mr. King may be too high In
his calculation, but his bold challenge to
prevent bull clean up'' has workeo
wonderfully well.
columbus, Ga, wires: THE cotton
report for Muscogee County shows that
up until september %, there had been
1912 bales OF cotton ginned this wear
year"
Decatur, Ca. wires: -Four hundred
and elghty,one bales of cotton Of the
1918 crop have been ginned prior to
september %, as against 81 bales the
same date in 1912, according to the re-
port of Special Agent William C. Bruce,
made public to-day"
Journal OF Commerce: IAN ewes ara
on the weather and many think it will
pc an the more potent on influence in
ilttlng prices, should II become bad from
Ine TACT that there has lately been a
reacuon OF about 20 points. and a large
amount Of long liquidation and an obvi-
GUS tendency to increase the short inter
est. Even under ordinary circumstances
such decline calls for at least tenn
porary rally"
DALLAS wires: Texas generally clear.
rains In Dennison. Mexia; warm. Ok
, rL aIi generally part cloudy to cloudy;
storm warnings will be issued to-day
Tor the Atlantic coast. but there is no
chance for disturbance to come inland.
as pressure over continent is too high
a. 'o Neatuer map Is very favorable.
hhe growing weather over the entire
oelt; not even cooler in Northwest:
temperatures in northwest Texas 8 de-
grees higher and over so degrees mini
mum; no rain except at San Antonio:
generally fair in Texas and eastern
states, except In North Carolina. only
| ram OF consequence in south central
Gulf districts and North Carolina coast
Indications are for continued partly
cloudy TO fair over the belt, Continued
warm with little rain. except possibly
| heavier precipitation in the Atlantic
coast districts on account Of disturb
ance there.
official weather details show that yes
terday's reports of heavy general rains
In Texas and Oklahoma were all false.
Rainfall: Taylor OF. San Antonio Sc.
Little Rock .04, New Orleans / 9S, VIII
mington $40. Raleigh &c, Jackson .O4.
The New Orleans Times-D Democrat
says: How much further the fiduida-
uon which was the feature OF yester-
days market. will go is a mater open
TO debate. The heavy selling early in
the day in New York was reported to
be for the account of a prominent opera
tor who recently stepped into the lime
| llght OF the market when contracts were
lowering around lac.
With this line of long cotton lidui-
dated the view prevails in more con-
| sentative circles that he technical posi-
tion of the market is decidedly more
(, aes.thy.
ION the other hand judging by the
bad reports that continue to come in,
not only from Texas and Oklahoma, but
also from Louisiana and Arkansas, the
crop outlook. instead of improving in
the central and western portions of the
belt. is daily growing worse. Reports
Of cotton sprouting in the bolls are com
mon, while from Texas yesterday came
one telegram stating that farmers were
stripping the stalks of both opened and
unopened bolls as the only mems of saw
Ing what the rains have left of their
crops
while the local spot market ruled
quiet, sellers refused to make conces-
sions, and the result was that quota
tons remained unchanged"
II was reported that more than 1000
bales of spot were shipped for New
York from Savannah Saturday of which
only 100 bales were for forward ship
ment. So far there has been little cot
ton arriving despite confident predic-
tons that this month would see the
stock largely increased. Nevertheless it
was said yesterday that the largest spot
houses here are heavily long of Octo-
Der and will yet force cotton to come.