Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-16
COTTON GOSSIP

John Swanson may be right when he
estimated the cotton crop at l3.5OO,OOJ
bales, but he certainly missed the re-
turns last year when he estimated the
yield at Is. 100000 bales. The crop
turned out to be something more than
1911. the bumper year, when he
guessed the crop at "A, 500, 900 bales, the
yield in that year totaling about 10, lSS,-
600 bales. He may guess 1t this year.
but there are many from the "show-me
State
The principal feature OF the market
Wednesday was the buying by the spot
people, and it is said that spinners
were large buyers all day. The mar
met a good deal of selling on hard spots
coming from spectators and Wall
street Some of the larger spot PEG
pie are said to have sold this market
and bought in Liverpool, and there was
hedge selling throughout the day.
Opinions last night were very much
mixed and the course of the market will
depend largely on weather conditions
during the next few days. Should a
cold spell develop in the western belt,
II is very likely that we will have a
wave Of short covering. However. the
popular feeling is that the market should
sell around 1850 for December before
we should expect an advance OF any con-
sequence. The reason for this is that
the weight Of the bales will be heavy
and trade demand will not be able to
take care OF the hedge selling. as the
speculator is against the MARKET
NJ. Anderson.
S. Tate says: IT believe the world
demand for American cotton will eX-
coed the crop, and, on basis of supply
and demand, believe higher prices will
run as the season advances. Favor buy
ing on this decline"
Browne. Drakeford & Co. Liverpool.
cable: THE strike is ended; marfa-
ger apologized; resume work to-day"
Dallas wires: "Texas-Cloudy, misty,
warm, except Amarillo, SO. Oklahoma
Cloudy, threatening showers over the
northeast, central and southwest part OF
the State; cloudy; 60 degrees
The map is favorable. Shows fair
over the Atlantics. cloudy over the rest
of the belt; few light rains in Texas
misty in Oklahoma and Shreveport. No
frosts anywhere in the belt.
Rainfall: Amarillo, 20; Oklahoma,
.06; Abilene, .SS; Del Rio, SO.
The Journal Of Commerce says: "Spe-
cial adVices to us from New Bedford,
under date of October IA, say New Eng
ldilt illllS are buNinS COllOn SLOWLY ana
that mparatively little Is taken for
future shipment. The season has been
disappointing for brokers, and the eX-
treme fluCtuatiOn in the market is said
to be responsible for the short supplies
in the mills"
The New Orleans Times Democrat
says ION the face of the returns il
would seem that the excellent weather
and declining spot markets encouraged
some shorts TO overreach themselves
Tuesday. But. in any event, contracts
advanced Wednesday, in spite of SPLEEN
did weather an acute Mexican situation
and further declines in the spot mar
kets.
THE bulls said there was steadier
undertone. but their assertions were not
backed up by the advices from the spot
centerS.
Bears said the market was boosted
on an oveT-hopeful buIlish view of the
near future market.
The Mexican situation looms larger
and larger, but the talent is somewhat
divided in their opinion as to me cotton
market effect open hOstilities be-
tween the United States and the Huerts
faction would have. Among some tn
belief exists that war would disturb
TEXAS and unfavOrably affect the cotton
field labor situation there. Others think
that war itself alrne would exert a de-
pressing influence on the cotton market
has it that the great nations would re-
gard the sending OF United States
troops into Mexico more in the nature
of police move than OF a war, and rha I
the affect on trade would be nil. except
possibly for some temporary nervous
ness. Meanwhile, the crop i'm the east.
ern half of the belt looms larger and
larger, and. as yet there is no evil
den2e TO show that spinne-s are becom-
ing uneasy over the supply outlook"