Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-19
COTTON GOSSIP

With the exception of buying of July
by Lester the cotton market was fea,
tureless at the outset to-day. Mitchell
sold December.
Watkins ginning by States follows:
AIiabama 1:1S4,000; Arkansas. S99 900;
florlda, 1000; Georgia, 1888 900; Louis
lana, $4,000; Mississippi, 1856 900: North
Carolina, sos. 900: South aaroifna, 1884,
000; Oklahoma, 642 900; Tennessee. 1885,
VOV' IeXas, S,16S,000; others. $1,000; to-
The revision committee meets this
afternoon at $3.50 O'clock
1t is said that McFadden interests are
responsible for the last downward move
ment. That interest is believed to be
seiilhg against purchases in Liverpool
Tor big straddle operation.
However, there is too much strike
talk, Mexican trouble and predictions
OF big ginnings and large crop esti-
mates TO bull the market.
Liverpool failed utterly to come UP to
expectations, cables being about 2 points
lower than due. The weakness abroad
was attributed to large offerings from
the south. and hedge selling from this
market However, the foreign market
continues to flash large spot sales. Yes
teraay 1900 sales were recorded and
1900 today. This evidently indicates
mat mills are taking on supply.
Merchants will carry over a big stock
OF cotton bagsing and ties, according to
Selma. Ala, advices. Farmers say this
ginning Will end the crop in that dis
trict
According to Savannah advices, Euro
peah plds for cotton are 50 bale too
low There is no demand, and exporters
are trying to resell.
Paris, Texas. wires that the quality
OF cotton coming to that market is
grade strict low to middling. There
is no top crop to speak of.
Dallas wires: Texas cloudy: scat
tered to light showers Oklahoma
Cloudy and threatening; pleasant. .
C.; c. Torbert. of Opelika. Ala, sent
n. L. Carpenter & Co. bunch of bolls
Killed by the frost, and they were in
spected yesterday with great interest
by cotton brokers and traders. Some
OF them We're rotted and others were
too immature to use. but most of them
were cracking and some were partly
open A mill man who saw them gave
1t as his opinion that the sound bolIs
would make very good "bolie" cotton
view that if the killing frost had treated
other young cotton as we'll there would
be lot of it which could be spun. Mr.
Torbert wrote that the bolls were sam
pies OF the young or late planted cot
ton In that district. They had been
through five frosts. three of which were
freezes.
NEW ORLEANS, Nov. 19.-Hayward
& Clark: The weather map shows gen
the belt and Tennessee and North
mississippi. Generally fair over the rest
OF the belt. Some rain over East Texas.
The New Orleans Times Democrat
says Tuesdays American cotton mar
ket exhibited exactly as much weakness
as strength. In other words. the po-
tentiality of each of the opposing fac
tons, for the time being at least occu-
ped common ground, the influence of
the one neutralizing the influence of the
otner AS matter of fact, most every
BODY Is resting on oars, awaiting the
census report on ginnings to Novem-
The bull believes the gnnings will
prove very large for the period. He also
believes the total outturn will be small
enough and the seasons actual con
sumption large enough to take good care
of the market throughout 1913-14.
me bear believes the ginnings will
sons as of November IA will show an
excess over last year, in contrast with
more bullish comparisons as of No,
vember l, which will seem to make the
large crop estimates plausible, and that
period of bearish influence will fol-
low.
Meanwhile, sLiverpools spot sales
have increased to 5000 bales a day.
But forward sales on this side com
plain that America is too near Liverpool
for the encouragement of fresh business,
and In some quarters the impression
seems to be spreading that the British
market Is rather incluined to permit
America to carry the bulk of the load
until nearly time to make deliveries to
the consumer
Desirable cotton is no easier to buy
than 1t has been all along. Undesira BILE
cotton is no easier to sell The specu-
lative interest in contracts is not nearly
so large as it usually is at this time.
Nevertheless, the short seller is now
constantly haunted by the suspicion that
strong people pick up a few contracts
on all dips and lock them up for future
use"