Atlanta Georgian., 1913-09-18
COTTON GOSSIP

1
J. NJ Anderson: Traders who went
home short last night, expecting an cas-
Ter Liverpool because of labor troubles.
were surprised at the quotations sent
over by that market and their covering
sent December to 1920 on the opening.
Gables reported good buying in the
English market led b Eccles & Co. on
the .unfavorable crop reports from Mis-
sissippf, Louisiana, Arkansas and Texas,
which this market had yesterday. but
ignored on the theory that they had al
ready been discounted.
Leading local bulls appeared to be
adding to their lines to-day. and there
was also buying by smaller traders, who
believed the trend points higher. Sell
Ing was scattered and looked to be part
ly protit-taking and partly hedge selling.
Clearing weather may bring about
some reaction, but judging from crop
reports from central and western belt,
II looks a purchase on any reasonable
downturn"
Miss Giles makes the condition OF the
cotton crop as of September II at 81
per cent, as compared with 699 per cent
two weeks ago against 1874 per cent
month ago and 70.7 per cent for the
same period last year
All States show declines as follows.
North Carolina. l. South Carolina, 2;
Georgia, 3; Florida, 4; Alabama, 3; Mis-
sissippi, 5; Louisiana, 6; Arkansas, 6;
Tennessee, IL; Oklahoma, per cent,
and Texas remains the same as two
weeks ago. when the condition was e5
per cent.
Condition by States follows: South
against 50; Florida 81, against IS; Ala
bama 70, against 70: Mississippi 20.
against 70; Louisiana 6s, against "A;
against 72; Tennessee 6S, against SO;
Oklahoma AZ, against 50. Average 81,
against 69.9.
S. Tate says; Liverpool cables
strongly reflect change Of sentiment
not secured their cotton. They may
now be expected to come actively into
the market l look for considerable
advance before the end Of the month"
Brown. Drakeford & Co, Liverpool,
cable: Heavy buying by America and
the continent. Reports OF crop damage
and local bears turning to bulls caused
advance"
Bull leaders are talking IA cents with
in a week, but the shadow Of Senator
Clarke hangs over the market.
However, some good spot people say
Of the doubt due to the tax legsa-
uon. They do not believe the advance
will hold
Ocean freight rates to Liverpool are
easier being quoted at 30 to 35 cents,
against a fiat 35-cent rate last week.
NEW ORLEANS, Sept 17-Hayward
Clark: The weather map favorable
shows cloudy over the entire belt; gen
eral rains, only very light in Texas and
Oklahoma, but some good rains in Ala
bama, particularly in the eastern por-
ton, where the Government says rain
Is needed; general showers also fell over
the Atlantics.
Rainfall: Roswell, Texas. Oh: Amaril-
10, .38; Oklahoma, 10; Taylor. raining
02; San Antonio, raining 10; Corpus
Christi. raining. Sc; Galveston, raining,
"A; Palestine, raining .02; Shreveport,
01; Fort Smith. 90; Vicksburg, raining
.G4i New Orleans, IL; Montgomery, 1886;
Nashville IA; Chattanooga, .04; Atlanta
and Charleston, oil; Augusta, 10; Savan-
nah, 90; Jackson, Miss, Del Rio. .22i
Houston 0S; Jackson, Miss, IA; Bir-
mingham 1872; Admission, .o2.
The New Orleans Times Democrat
says; ION the eve of determining action
by the conference committee on the
character of the cotton market legisla-
tion the United States Congress is to
pass, the cotton market stood at atten-
ton hoping for the best, yet prepared
for the worst, and ready, on the one
hand, to begin a period of splendid con-
structive endeavor in the behalf Of the
cotton industry as a whole, and on the
way to prepare, through the elimination
of interest, for day to come when the
barter and sale of the South's chief
staple shall revert to primary principles
of trade in vogue before the days Of
scientific protection.
News from Washington was of the en-
couraging sort. The New Orleans tall
ent. from whose ranks have come the
hn iTopr haTr
made the winning fight for the cotton
producer, felt that, should science and
intelligent business methods win the
day, the force generated in the Senate
by prejudice and ignorance should serve
as warning for the future.
Very little rain fell in Texas, and
none in Oklahoma in the "a hours ending
Tuesday morning, though the weather
ever, the Agricultural Department
checked the spread of bearrsh sentiment
that showed signs Of developing by re
porting in its weekly cotton region
weather bulletin excessive rains in some
sections and not enough in others"
Liverpool cables: spectators buy
ing freely on bad crop news from
Texas"
Texas rainfall: Amarillo, IS; Alice,
20 Austin, .O4; Clarendon, %; Colum-
bus. IA Corpus Christi, SO; Cuero, 1.3O;
GalNeStOni "a heuTletld, .ZAi 1OustOn,
0S Kerrville, 80; Lampassas .0S; Lul-
ing, IA; Mexia, .01; Palestine. :O2; Paris,
OF Quanah. .1S; San Antonio, 10;
sherman, 20; Spur, .04; Taylor, .O2;
Temple, IA
NARROW, Okla, l inch
st. Matthews, S c., 2.6O; Columbia,
10.
Columbus. 230; Macon, 1.6O; Waynes-
boro. $50.
Livingston, Ala, 120: Tuscaloosa, 4