Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-04
COTTON GOSSIP

Opinions are mixed. but rather lean
TO higher prices
New Orleans wires: spot demand
somewhat slower. Spot prices IN
changed, more offerings from Alabama
and western States"
Reports OF food damage IN Texas had
q stimulating effect in the cotton mar
ket to-day. There was some foreign
buying by local spot people. However.
there vas considerable profit taking by
those who gathered their lines at lower
levels. The principal selling came from
Wall street and commission houses
Liverpool also SOLD. The leading buyers
were R,orGan. Mitchell, Waters. Cone,
while Schin Wilson Hanneman, Springs
& Co. and Gwathmey sold.
The press dispatches quote Chairman
Lever. Of the House Committee on Ag-
Ticulture, as stating that his committee
VIII report bin at the next session OF
Congress &c regulate cotton exchanges.
The Senate Last night adopted the
conference report OF the tariff bill, but
receGed from the Carrie amendment,
and rejected The Underwood substitute
BY this action the bin will go back 10
The House with the report that the
Senate diss gTees to The Underwood cot
ton futures tax and has receded from.
the whole proposition. The House VIII
then withdraw its amendment and again
agree to the bill II ls expected that
some time this afternoon or tonight the
bill vii! be sent TO the President.
The Morning Sun says: Twelve are
dead; s50,000600 loss IN Texas foods;
rain stilI falling over nearly the entire
State: estimates OF probable cotton
losses run from 10000 oto 500 900 bales"
Dallas wires: Texas cloudy; rains
over central and south; pleasant.
'OklahOma-East cloudy, south and
central part cloudy. north and west
clear"
NEW ORLEANS, Oct. 3.-Hayward
& Clark: The weather map much more
favorable; shows only rain in Texas and
that much lighter No rain In the belt
outside Of that State. except sprinkle
IN North Carolina, north Louisiana.
Warm weather generally, and indica-
lions are for continued fair TO warmer
IN the central and eastern States clear
ing in the northern and eastern half of
Texas Showers prevailed in west and
south Texas
Rainfall: Abilene SO, Fort Worth,
raining, 10; Taylor raining, San An
tonic raining. Sc Galveston, raining,
o.: Shreveport, 49, Wilmington. IS;
Raleigh .OS. Del Rio. raining, So, Hous-
ton 80.
Manor Texas wires: Nine inches Of
rain has fallen during the past 36 hours.
All lowlands under water. Actual dam
age TO open cotton 10 to 10 per cent loss.
This Q ndition prevails in Williamson,
Travis, Bastrop, Caldwell and Hays
counties. Nothing will move in this
section for several days"
The New Orleans Times Democrat
says: "TOrrential rains in Texas con-
fined to no particular part Of that State,
with spot sales at Liverpool amounting
TO the large total Of 20 900 at a sharp
advance in quotations and two Govern
ment Bureau reports, one on ginning and
the other on condition, covering up to
September 20, market influences yester-
day were OF a dynamic character. ANY
one OF these influences by itself would
have made or marred market. but
taken In One-lump dose, the trade and
the talent both had all that they could
Liverpool apparently repentant over
the cabled hoax about labor troubles in
lancashire tried to atone by selling
10000 bales Of spots at an advance OF
IL penny points. while futures there
came better than due, and even when
the American market declined sharply
on the publication Of the bureau condi-
tlon figures, but refused to go below
Wednesdays closing level in the English
market
cousins had the bull fever, and were
taking no chances on the bureau or the
weather causing another sharp upturn
without their having at least a. few
bales Of spots md contracts
New high levels. reached in this
market during the early morning ses-
sion, attracted but passing notice, Janu-
airy selling at 1406 before the bureau
report, on condition came out. The gin.
ming figures the largest on record ex-
cept those of 1911. for the period UP TO
September %, were ignored until the
bureau condition OF Ga II was announced
This showing being a trife better than
expected, bears. as If by a concerted
move ATTACKED me market savagely
Texas rainfall: Abilene. SO. Balm
ger, LIZ; Brennan, 90, Brentwood,
l.22; Coumbus 9S; Corsicana. 70; Dal-
Galveston, o., Haskell, 40 Henrietta,
%; Houston. %; Huntsville, u: Kerr
vile, .3S; koppert. 30; Lampassas, AZ
Longview, l6S; Luling, .04; Mexa, %
NH9acoEddocheS l2; Paris o.; Quanah.
08 Riverside. 20, San Antonio. 46;
TAYLOR, SO, Temple, 10; Waco 10;
WaXahachie. ! inch; Weatherford, 80.
A large Alabama spot house says:
September weather conditions win add
at average date, but even with medium
frost date We see no reason why the
states east of the Mississippi river
should not produce yield nearly equal
to 1911.
Mineral Wells, Texas, wires: "Rained
all day Yesterday and last night now
pouring down. Cotton rottiug and
sprCuting badly Weevil and worms do
ing big damage A friend and ! con
hdent 6"tc. iuratiOn or more points
Stree September -. Am sure Texas and
Oklahoma win not make 1909, 600 bales"
Wool p11yTopo TH77op