Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-20
COTTON GOSSIP

OUl IUN GUNSlT
Everybody is waiting To see what the
ginning figures win be tomorrow, and
trading was rather small to-day, eN-
cept general evening up business,
: Tate says: The action OF the
committee cotton exchange revision
mediate effect on the market, but as the
bullish factor
Their action met with general APP
proval but we have not heard from
outside interests yet
This revision win have little i'm
mediate effect on the market, but as
market becomes adjusted to the DIFF
ferences II should bring spots and fu-
lures nearer together, The market IS
now waiting on ginners report to-mor-
row at 10 o'clock
The revision committee of the Cotton
Exchange at its meeting Wednesday
increased the penalties on low grade cot
Ton from 10 to SO points, making low
mlddling ] % points under middling, and
placing good ordinary cotton al DIS
count Of 500 points, comparing with the
spectively
High grade premiums also were in
creased slightly, and the most general
comment Of brokers who stayed down
town to receive the report was that the
committee had adjusted the differences
to meet the requirements of d low grade
crop
The old grade differences. compared
with the new grade differences, are
shown as follows.
Strict midanng, fair, 90 on. 100 on.
Fair middlinE 1850 on; l15 on.
Middling fair, no on; 1870 on
strict good mddling, IS on, 80 on.
Fully good mlddhug, 81 or rs on.
Good middlng, i6 on; IS on
Barely good mtddllng. IS on; As on
strict mid0ling, a on; 81 on.
fully mlddling, u on, l6 on.
MiddlinR basis:
Rarely middllng. II OF; rs on
Strict low middling, S5 off so on
Fully low middling, SIS on, SIS of
Low middling, 80 OFF; l25 on
strict good ordinary middllng, 40 off;
200 OF
Good ordinary m!ddlng. 215 of; 800
Strict good midsltng tinged, SO on;
As on.
Good mlddling dnged, value Of mid
ding, value OF middling
Strict middling. tnged, 10 of; 20 of.
Middling, tinged, 30 on 40 off
Strict low middlng, tingcd, So on 10
Low mAdling, tinged, 200 of 800 on,
Middling. stained, 20 Off l25 of
NEW ORLEANS. Nov 20.-Haywsrd
& Clark. The weather map shows
cloudy over the western half Of the belt.
Generally fair in East Texas, except in
the Gulf districts, where il Is cloudy,
Indications are for cloudy and unset
lied weather over the entire belt, eN-
cept fair in the Atlantics to-day, fol
lowed by a general rainy spell over
the entire belt over the weekend
The New Orleans Times-Democrat
says: "On the eve of the Bureau gin
ners report neither talent nor trade
was in humor 10 incur fresh liability
and a little LIQUIDATION in the absence
The bear faction is not at all conf
dent that the market will work in its
direction after the Agricultural Blu
redu's crop estimate shall have been
promulgated next month. The bull fac
ton Is not at all confident the imme-
dtate course Of the market will favor its
interests. Under the circumstances
specuD' tiOn is limited, the trade waits
and hour to hour influence shapes the
fluctuations
"a factor Of some moment yesterday
was the belief that recent favorab BILE
weather, which has hepled rather than
hurt the grade was entitled TO figure
as an influence in shaping New Yorks
grade revision For this reason less
drastic Increase OF the discounts on the
low grades than previously expected
was looked for yesterday Beyond the
shadow Of a doubt. the market has dis
nounced Friday"
Bank of England rate unchanged at
per cent.
The New York Stock Exchange Wig
orously denounces the work OF scandal
mOngers in creating false rumors re
garding brokerage houses,
Directors Of the Realization Company
aH-.. Il Nj
financially and that a statement Of re
sources will be issued in few days
1t is said that Louisiana will issued
81 600. cor short term bonds to take up
the States Indebtedness dNe January l.
The New York Telephone Company
agrees to physical valuation Of its prop
critics by the Interstate Commerce Com
mission figures to be used for revision
of its rates.
Twelve industrials declined 81 20
active rails declined ID
A prominent local cotton man travel
ing In ToXas wires III Dallas terri
tory is representative Of Texas as
whole, the State ~ under 1000, 600 bales.
Fields are clean and gins are closing
down. From TeNarkana to vicinity Of
Pine Blur fields are back and picking
is finished Pine BlUG to Briul<ley con
siderable cotton I'm the fields. about 80
per cent. Ginuings Tomorrow will be
large. hut VIII only mislead a. TO ult-
mate yield
IL is reported that tho fns' estimate
of Nati1Ual Ginners report places the
amount glnued TO November u At 10
t43. GOO bales, aud estimates the prOha
bic crop al l3,500,00 To 10 $50 600 bales,
esclusiye Of linters