Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-12

thltbt 'tblr al It' "'ti'N INN
ginning and marketing
Receipts yesterday in country
towns were enormous. In prep
aration for the weekend trans
actions in cotton, Atlanta ship
ped huge sums in currency to
country banks.
Never shipped as much money In
one day In all my life up 10 Friday
said a man grown gray In banking.
Good Prices Prevail
The cotton market is down about
81 a bale from the high point, but
the same fair weather which caused
the decline more than oveTbalanCed
the paper loss by increasing the size
Of the Georgia crop. And cotton still
Is FAR from cheap Thirteen cents Is
O good price for cotton.
Il ls well to remember these
things. In tho East, affairs are Of
different complexion. The Eastern
money powers take the currency bill
seriously very seriously. They are
frlohtened. They want TO fight. They
hear that President Wilson Is on
the eve Of a new crusade against the
trusts-no one else is worried. Tho
public, badly singed, Is "out' OF Wall
street, seemingly for keeps. Wall
street brokers, like Bryan, must find
q side line TO Increase their incomes.
Hence the lugubrlous reports from
Eastern financial writer's.
The writer on business affairs ls
bound TO reflect his environment.
That's why we're cheerful.
Wall street lie far away, flguratlVe-
by ard literally II has little to do
with Georgia.
Cotton has toboFEaned something
Ike 81 a bale from the seasons high
point, but Il Etill IS high.
Much OF the Georgia crop, how
ever, has been sold and money IS
easier Considerable sums viii be
returning 10 New York by another
week Money. like the birds, flies
North al the approach Of winter, and
the first fight is almost due
Two causes are aecribod for the
decline Iu cotton. First. good weather
has made receipts larger than the
trade can consume at this time. Sec
ond ideas OF the final yield have been
enlarged greatly
VIII there be rehound7
Anyone who wants 20 argue that
way hnls plenty OF support 1t IS
history that October Is bear month
The movement n the crop Is at it,
height iu october Bulls must carry
the I0yG af huge receipts often an
ins1rmnuntahle handicap, other things
being even.
Habersham Kings Estimate.
Tho leader OF the big crop cult is
Habersh8m King. with his recent es-
innate or l11a90O0 bales as a mini
mum nut-rurn This is totally AT
"arlauaR with all previous estimates,
since bad weather flrst appeared In
Texas ana oklahoma. II Is a million
bales and more above the general run
Of guesses. Mr.. King makes II strong
er by saying a late frost viii make
the crop Ib.2500OO or more.
Habersuam King stands high as an
authority. and his bald assertion has
been powerful enough 70 check the
markets upward glide Even the
vast majority who think Mr., Kings
notions eNtravsgaut have paused 20
sec n they have not erred somewhat
on the other side.
The next ginning report more
rains In the Western or Central belt,
or anything which checks the move
ment temporarily Will turn tho tide
OF the market
An early frost, or even one Of aver
age date will give the bulls a strong
argument Unless everything is IA -
vorable from now on, an uptun Is
easily possible
While there has been great deal
-.
Western belt Of white cotton being al
q premium because most OF the crop
was tinged. grades IN Georgia ART
the Southeast generally have been
high
Most OF the cotton in this part OF
the belt has been tight enough in the
boil 80 that the rains have not dam
aged the staple, and besides there
have been no excessive rains.
The Eastern crop Is grading good
&c fair milC,iug. with some light
tiuSes
Seed Full Of Water
Seed rrashcrs. ON the other hand,
are making complaints. The seed,
they say. is fun az moisture. Where
To per cent OF moisture Is normal
the seed this wear has been running
as nigh as is per cent water Out OF
ton Of seed The mills must nay for
500 pounds of water. Besides seed
which g faw ~ moisture quickly be-
gins 10 Cheat ur fg~meut and VIII
MOI Keep q Do should.
Crude s 81. .u- az about As cents at
The u lis @nu. brings from see go
s-- per- SEN with the market showing
$50 G. s.ar tendency just ruv.. The OH
fuls year .- ID. fair quality only.
En reforms are being sought by