Atlanta Georgian., 1913-10-17
COTTON GOSSIP

The next Government ginners' report
viii be issued October 25. at 9 a. m.
central time. showing ginnings to Oc-
tOber is.
The sudden rally of 80 points from
w Nednesday's low mark rather took the
breath away from commission house
traders and so few had the courage TO
hook on. that general outside business
was light considering the fluctuations.
The bulk of buying by the larger spot
interests took so many contracts out of
the market Thursday that Wall street
and the uptown shorts found 1t bare
when they tried to cover in that last
hour on buHish news from Oklahoma
and Manchester.
Many think that the TaIIy has been too
sudden and il must BE helped by con-
tinaed unfavorable weather in order to
hold
In many quarters last night the be-
lief was that if the cold weather pre-
dicted in the west did not materlallze
there would be considerable liquidation
to-day, as the market has advanced
fully 90 points in the past "A hours.
The Journal Of Commerce says: There
was a steadier tone in the cotton goods
market during the day according to the
, reports to US, without any material m
crease in business rendered There are
so many goods due that many merchants
welcome the quiet Of the past week or
ten days and will not feel troubled If II
continues the balance of the month.
Dallas wires: Texas and Oklahoma,
general rain stin threatening; average
temperature 55 degrees"
NEW ORLEANS, oct. 17.-Hayward
& Clark: The Government weather map
shows no frost whatever i'll the belt.
The map shows fair in the Atlantics and
cloudy over the rest of the belt. Cen
eral rams In the western half of the
belt; locally heavy in parts of Texas.
Warmer in the eastern States and
slightly cooler in the northwestern quar-
ter.
Rainfall: Amarillo 80. oklahoma City
so Abilene 30. Fort Worth lCl, Tay-
lor EOS. san Antonio OF, Galveston IS,
Palestine 10. Shreveport "a, Fort
Smith 73. Little Rock 80. Nicksburg
10. Houston AZ.
Oklahoma-Ge cloudy. threat
ening, heavy mist almost over the en-
tire State; temperatures so to 80. Tex
as--Bremond. raining, cold; Dallas,
cloudy, So, rained yesterday; TeXarkana
Paris and BOnham, cloudy, 55; Whites
The New Orleans Times Democrat
says: when the Government promised
rain and colder weather over much of
the cotton belt Thursday, speculative
shorts began to fear that spot people
would again scramble for supplies of
the better sorts Of the actual and when
the few gan to cover many developed
a desire for safety. The resHit was an
active session and sharp advance.
oil. Il
the days high level. the New Orleans
tone being very steady and the New
York tone being firm. Nevertheless,
some students Of the staple left the eN-
changes convinced The advance could
not hold in the absence Of frost or freez-
! Ing weather this morning, neither OF
which was included in the official fore
cast.
Liverpool is due to open at an advance
Of 10 English points. but, even though
the response be full. New York and New
Orleans will still be running relatively
close to the level Of the chief foreign
market.
Another factor that left bearish feel
ing in some quarters in the wake Of the
session was New orleans spot advance
of only l-i6 Of cent. when october
/ New Orleans closed at 1850 How ever,
other spot markets gave a better aC-
count of themselves, advances being re-
ported Of 4, at Galveston, a al Houston,
2-16 at Mobile "A at savannah. "a at
, Norfolk and IA at Augusta Exporters
now say that continental spinners have
been buying constantly during recent
! sessions. that the spot basis on deSiT-
able cotton has been running abnorm-
ally hugh and that lower basis would
now be logical; that there is no cheap
cotton TO be had anywhere, except Of
undesirable. low grades.
Spots firm and fully Is Of a cent high
er to buy: good demand for better