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

John Swanson may be right when he
estimated the cotton crop at 1880, 900
bales. but he certainly missed the re
turns last year when he estimated the
yield at 10, 4OO. 900 bales. The crop
turned out to be something more than
l4OOO,00O bales. He also missed ii in
1911, the bumper year, when he
guessed the crop at "A 600 geo bales the
yield in that year totaling about $685.
geo bales. He may guess it 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
ket WAS steady in the late trading, but
met a good deal OF selling on hard Spots
coming from spectators and Wall
street Some of the larger spot peO-
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
1t is very likely that we will have d
wave of short covering. However, the
popular feeling is that the market should
sell around r. so for December before
We SHOuiu expect an ADVANCE or 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
Spectator is against the MARKET
NJ. Anderson.
S. Tate says: 81 believe the world $
demand for American cotton will ex-
coed the crop, and, on a basis of supply
ana demand, believe higher prices Will
run as the season advances. Favor buy
ing on this decline"
Browne. Drakeford g. Co. Liverpool.
cable: The strike is ended; mana
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; 80 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
.O6; Abilene, .3S; Del Rio, SO.
The Journal Of Commerce says: "Spe-
cial adVices to us from New Bedford,
under date Of october IA, say New Eng
that comparatively little Is taken for
future shipment. The season has been
disappointing for brokers, and the ex-
IRENE 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 It
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 splen-
did weather, an acute Mexican situation
and further declines in the spot mar
kets
THE bulls said there was a steadier
undertone, but their assertions were not
backed up by the advices from the spot
centers.
Bears said the market was boosted
on an over-hOpefNl bullish view of the
near future market
THE Mexican situation looms larger
and larger, but the talent is somewhat
divided in their opinion as to he cotton
market effect open hostiities be-
tween the United States and the Huerta
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 alone would exert a de-
pressing influence on the cotton market
The more conservative view, however
has II that the great nations would re-
gard the sending Of United States
troops into Mexico more in the nature
OF police move than of war, and that
Ine aIect on trade would be nil, except
possibly Tor some temporary nervous
ness. Meanwhile, the crop in the east
ern half of the belt looms larger and
larger. and, as yet there is no evil
den?e TO show that spinners are becom-
ing uneasy over the supply outlook"