Atlanta Georgian., 1913-10-08
COTTON GOSSIP

Cone was probably the best buyer on
the call with Geer the leading seller,
which was thought to be for the up
town crowd. Cones buying was at
tributed chiefly to McFadden and Weld
interests. Parrott also was a conspic-
uous buyer. The selling on the call
was rather scattered, but not aggress-
I've. Later offerings increased, but buy
ing orders from prominent bulls pre-
vented the market from breaking fur
ther.
The general feeling is that the long
interest has been pretty well Iiquidated
and in some conservative quarters the
belief is that the bears have had their
inning for the present However, many
of the most radical bears still put conf
dence in Habersham Kings estimate of
lo,75O,0O0 bales for the seasons output
Kings high estimate presents a revol
from the extremely bullish tension Of
the trade recently when no price looked
too steep. Mr.. King may be too high in
his calculation, but his bold challenge to
prevent bull clean up has worked
wonderfully well.
cotton
report for Muscogee County shows that
up untll september 25, there had been
l,Of2 bales of cotton ginned this wear.
against 1,479 for the same date last
Decatur, Ca, wires: -Four hundred
and eighty-one bales OF cotton of the
1918 crop have been ginned prior to
september 25. as against 81 bales the
same GATE IN 1872, according to the re-
port of Special Agent William C. Bruce,
made public tO-day"
: Journal of Commerce: IAN eyes are
on the weather and many think il will
be all the more potent on influence in
lifting prices. should it become bad from
the fact that there has lately been a
reaction of about 20 points. and a large
amount of long liquidation and an obvi-
Gus tendency to Increase the short inter-
est. Even under ordinary circumstances
such decline calls for at least a tenn
porary rally"
Dallas wires: Texas generally clear,
rams rams IN Dennison. Mexia; warm Ok
lahoma generally part cloudy to cloudys
no rain, TO-"
storm warnings will be issued to-day
Tor the Atlantic coast but there is no
| chance for disturbance to come inland
as pressure over continent is too high
The weather map is very favorab BILE;
iine growing weather over the entire
belt not even cooler in Northwest;
temperatures in northwest Texas de-
grees higher and over so degrees mini
mum; no rain except at San Antonio;
generally fair in Texas and eastern
states, except in North Carolina Only
| ram OF consequence in south central
Gulf districts and North Carolina coast
indications are for continued partly
cloudy to fair over the belt continued
warm win little rain, except possibly
heavier precipitation in the Atlantic
coast districts on account Of disturb
ance there.
Official weather details show that yes
terday's reports of heavy general rains
in Texas and Oklahoma were all false
Rainfall: Taylor OF, San Antonio ss.
| Little Rock .04, New Orleans 98. VIII
mington S.1o, Raleigh .26, Jackson .Oi
The New Orleans Times Democrat
says; How much further the liuuida-
ton which was the feature Of yester-
days market. will go is a mater open
10 debate. The heavy selling early in
the day in New York was reported to
| be for the account of prominent opera-
| tor. who recently stepped into the lime
| light OF the market when contracts were
lowering around 14C.
with this line of long cotton Iioui-
| dated the view prevails in more con-
/
tion of the market is decidedly more
, SeE,thy
'On the other hand judging by the
| bad reports that continue to come in,
| not only from Texas and Oklahoma, but
also from Louisiana and Arkansas, the
/ crop outlook. instead of improving in
| the central and western portions of the
belt. is daily growing worse. Reports
| of cotton sprouting in the bolls are com
mon, while from Texas yesterday came
one telegram stating that farmers were
stripping the stalks of both opened and
unopened bolls as the only means of say
ing what the rains have left of their
crops.
"While the local spot market ruled
quiet, sellers refused to make conces-
sions, and the result was that quota
tions remained unchanged"
II was reported that more than 1000
bales of spot were shipped for New
York from Savannah Saturday of which
only 100 bales were for forward ship
ment SO far there has been little cot
ton arriving despite confident predic-
tions that this month would see the
stock largely increased. Neverth eless it
was said yesterday that the largest spot
houses here are heavily long of Octo-
Der and will yet force cotton to come.