Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-20
WASHINGTON NEWS
CONTROLS COTTON
Heavy Rains Throughout the Belt,
Preceded by Drouth, Is Playing
Havoc With the Plant.

NEW YORK. sept. 20.-N. L. Carpeu-
ter & Co, in their weekly review of the
cotton market, says:
1.-THE American cotton markets con-
tinue to feel the disturbing influences
OF threatened political action at Wash
ington Under present conditions and
prospects 1t Is probable prices would
rule considerab bly, higher IL the trade did
not feel so deeply the uncertainty Of
the siuationn, but before the end Of the
month it is very probable the tariff bill
will have become a law with either the
Clarke amendment adopted or climi-
mated.
During the past week the cotton belt
generally has been visited by very
heavy rains.
In Texas. Oklahoma and Arkansas ad-
vices are to the effect that il has rained
from seven to ten days continuously
and from four to seven inches Of rain
has fallen. There are a great many adj
vices, both telegraph and letter. descrlb-
ing damage from these excessive rains.
In many instances as much as 30 per
cent of the crop was entirely open.
These heavy rains have beaten the cot
ton out on the ground and caused cot
ton still hanging in bOlls to become
water soaked, bringing a little SprOutine
of the seed in the boil, as well as
SprOuting of seed in cotton which mad
fallen on the ground.
Some advices, however, also say that
the rains have been beneficial pro-
vided frost does not come before the
middle of November.
The continuous rains for the past
week or ten days. just as cotton is be
ginning to move freely, will have quite
an effect on the next ginning report
which comes out about october ..
showing amount Of cotton Ginned up to
September %. With so much open. IL
was thought these figures would be very
large.
Record Ginnlnes Expected.
1.-THE last Government report showed
the amount of cotton ginned up to Sep
tember I, 1918. as $4,000 bales. The
amount ginned last year. from Septem-
Der l to %. was 2,274000 bales, or a
total for the season, up To- September
ginned in 1911, for the season. up to
September %, was 3676,000 bales
Under the circumstances II was ear
lier supposed that the ginning from Sep
TENDER I to %, would approximate
100000 bales, thus breaking all rec
ords. but it is said that this would sim
ply indicate that the crop in Texas was
being unusually early harvested, and
would seem to be exhausted
There is more Of a disposition on the
part of the cotton world To analyze the
prospective consumption and continued
business conditions as all hope Of pro-
ducing crop of American cotton which
will satisfy the worlds requirements tor
this year, has been abandoned 10y the
large majority.
With a consumption last year which
was placed at 1900 600 bales. students
of trade outlook claim that the world
will want quite as much for this year
and possibly more We can not speak
so confidently of foreign mills, though
cables say trade conditions with China
have improved very much recently, but
we are told by reliable sources. mer-
chants who are in the active trade that
American mills are doing good business
have prospects for its continuing and
have not got their supply of raw cotton.
This in the face of small stocks,
makes the outlook very eucuurag inE,
and if there is no evidence of an early
marked decline in the price of cotton.
mills-bOth foreign and American
should come into this market IN such
an active force as 20 easily absorb the
movement Of even this early prospective
heavy moving crop.
with the comparatively narrow mar
ket and small business. You may expect
from time to time temporarily ana linz
tied declines in value. but unless the
political situation at Washington fur
nishes bearish influence, the tendency
Of prices is going TO he up until a higher
basis is reached