Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-19
COTTON GOSSIP

With the exception of buying of July
by Lester the cotton market was fea-
tureless at the outset to-day. Mitchell
sold December
Watkins ginning by States follows:
Aiabama $4,000; Arkansas. S99, 900;
Florida, o.. 900; Georgia. 1888, 900; Louis
lana, 267, 900; Mississippi. 1856 600; North
Carolina, sos, O00; South aaroifna, 1885,
wv; oklahoma, 642 900; Tennessee. 1885,
600; Texas, 3,169000; others, 81. 900; to-
tai, 10,2S0000.
The revision committee meets this
afternoon at $3.50 o'clock
It is said that McFadden interests are
responsible for the last downward move
ment. That interest is believed to be
selling against purchases in Liverpool
Tor big straddle operation
However there is too much strike
talk Mexican trouble and predictions
OF big ginnings and large crop esti-
mates TO Dull the market
Liverpool failed utterly to come up to
expectations cables being a bout 2 points
lower than due. The weakness abroad
was attributed to large offerings from
the South, and hedge selling from this
market However, the foreign market
continues to flash large spot sales. Yes
terday $1,000 sales were recorded and
tv,VvV to-uay. ThlS evidently indicates
mat hllllS are taking on supply.
Merchants will carry over a big stock
OF cotton baggtng and ties, according to
Selma, Ala, advices. Farmers say this
ginning will end the crop In that dis
trict.
According to Savannah advices, Euro
pean bids for cotton are SO 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
graae strict low to middlng. There
Is no top crop TO speak of.
tered to light showers Oklahoma-
Cloudy and threatening; pleasant"
C. c. Torbert, of Opelika, Ala, sent
n; L. Carpenter & Co. bunch of bolls
Spected yesterday with great interest
by cotton brokers and traders Some
OF them were rotted and others were
700 immature to use, but most of them
were cracking and some were partly
open. A mill man who saw them gave
IL as his opinion that the sound bolls
would make very good "bollie" cotton
OF splnnable quality, and expressed the
other young cotton as well, there would
be lot of it which could be spun. Mr.
Torbert wrote that the bols were sam
pies or the young or late planted cot
through five frosts, three of which were
freezes.
NEW ORLEANS, Nov. 19.-Hayward
d Clark The weather map shows gen
orally cloudy over the western half of
the belt and Tennessee and North
MisSlsslppi Generally fair over the rest
OF the belt. Some rain over East Texas.
The New Orleans Times Democrat
gays. tuesdays American cotton mar
Ket exhibited exactly as much weakness
as strength. In other words. the DO
tentiallty Of each of the opposing fac
uons, for the time being at least, occu-
pled common ground, the influence of
me one neuralizing the influence of the
other. AS matter of fact, most every
body is resting on oars, awaiting the
census report on ginnings to Novem-
The bull believes the gjnnings will
prove very large for the period. He also
beHeVes the total outturn will be small
enough and the seasons actual con
sumption large enough to take good care
OF the market throughout 1874
The bear believes the ginnings will
De large. He also hopes that coTnpari-
sons as of November IA win show an
excess over last year. in contrast with
more bulIish 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. 0
Meanwhile. LiverpooFs spot sales
nave increased to $1,000 bales a day.
But forward sales on this side com
pam that America is too near LIVERPOOL
Tor 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
untlI nearly time to make deliveries to
the consumer
Desirable cotton is no easier to buy
than 1t has been all along Undesirable
cotton Is no easier to sell The specu-
latlVe interest in contracts is not nearly
50 large as 1t usually is at this time.
Nevertheless, the short seller is now
constantly haunted by the suspicion that
strong people pick up a few contracts
on al dips and lock them up for future
use"
Memphis wires: The average guess
or l3l members of the local cotton ex-
change estimate the cotton crop at IL
10000 bales. including linters. The high
est estimate was IL, 500 600 bales and
the lowest was 10, 5S5, 600 bales"
SPOT COTTON MARKET.