Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-15
COTTON GOSSIP

The tone OF the market was much bet
ter to-day and looks as II ii Will work
higher through active buying by strong
interests However. sentiment continues
5earIsh and there is still disposition
on the part OF tue rug and scattered
longs TO sell on all rallies and sofa spots.
New Orleans wires: Spots not active
here. Many say spot cotton sold Is OF a
cent lower yesterday ana are lower TO
trade to-day. Atlantics selling US"
swanson 8 Co estimate the cotton
crop at lS.500,OO0 bales.
The weather map was again favor
able. but the market looks uyerso!d.
McFadden. Geer and Gumoeus were
good sellers on the declines. Hentz was
probably the best buyer.
Sentiment is SO bearish that prices
may swing Temporarily lowers. Tate.
Dallas wires: Texas ana oklahoma
iaIri no rain or frost; temperature GO
NEW ORLEANS. oct. l5-Hayward x
Clark: The weather map shows fair
and warmer over the eastern half of the
belt; partly cloudy TO warmer over the
western half. Not a drop Of rain over
the entire belt, except 04 Of an inch at
Galveston. Indications are for unset
tied rainy weather coming on Texas.
Oklahoma ana Arkansas. Cooler in the
northwestern quarter Of the belt. Cen
orally fair in the eastern half
The New Orleans Times-p Democrat
says: For the first time in some days
ideal cotton belt weather robbed the bull
Of his weather scare weapons, and the
market vision being clear fundamental
conditions began TO exert a normal in
iuence. The result was a decline Of
about 81 a bale.
The eastern belt. with its large crop
OF ialrlN good grade cotton. is now the
DOMINATING influence, just as il was dur
ng the fall Of 1911. Georgia has a b! &
crop, and Savannah, the leading Georgia
spot market reflects w!llingness-if not
Nlety-amOng spot owners TO part
with their holdings. Yesterday Savan-
nah reduced middling liverpool Classl
Is, TO l2.75C, while travellers returning
from the east reported receipts AT the
Georgia towns were averaging strict
middling
''On the whole. Georgia seems to have
raised better average crop than the
west especially on the river lands, where
much commercial l 3-16 and - inch
staple cotton has been produced
Experience has shown that the early
season attitude of spot owners is the
best guide To the volume of the yield in
the several sections The west is sot
il''N Il iNt 1HlaalF llbi ~ il - very II &c
shipper. The east is a very free seller
and is becoming a very free shipper
Aside from all other proof, this is good
evidence that the east has a fun supply
10 draw from, while the west has not
CordI wires from Memphis. Brook
haven. Jackson Nlcksburg to Rolling
Fork the weevtl practically ruined the
crop.
Rolling Fork TO Leland crops are
good. Leland, Clarksdale to Memphis,
the Delta, excepting the southern part,
has the best crop in its history Simply
immense and practically assured The
weevil has been 50 destructive and act
i've in hills and extended over SO much
greater area / am afraid it will Offset
largely the gain in the Delta and north
Mississippi. Locally around Memphis
the crop is excellent. Memphis district
large crop practically assured.
September rains followed by favor
able weather maturing crop normally.
North Mississippi and Tennessee show
no new growth but fun maturity Of
normal crop. which is safe from normal
frost Sufficient time elapsed TO make
intelligent report on Texas. Oklahoma
and Arkansas.
weather continues favorable for
normal opening and maturity.
THE Delta has had a big crop all the
year except in the Weevtl district, and
still has il. Past few days has been
favorable for rapid maturity and open
ing"