Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-17
COTTON GOSSIP

John swanson may be right Wnen ne
estimated the cotton crop at 1880, 900
bales but he certainly missed the re
turns last year when he estimated the
yield at 1900. 900 bales. The crop
turned out to be something more than
II, 600 900 bales. He also missed 1t IN
1911. the bumper year, when he
guessed the crop at 1860 900 bales, the
yield in that year totaling about lo,lSs,-
600 bales. He may guess 1t 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 good deal of selling on hard spots
coming from spectators and Wall
street. Some of the larger spot PEG
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
cold spell develop in the western belt,
1t is very likely that We will have a
wave of short covering. However, the
popular feeling is that the market should
sell around 1880 for December before
we should expect an advance of any con-
sequence. The reason for this is that
the weight of the bales win be heavy
and trade demand will not be able to
take care Of the hedge selling, as the
speculator Is against the markell
NJ Anderson.
s. Tate says: Il believe the worlds
demand for American cotton will eX-
coed the crop, and, on basis OF supply
and demand, believe higher prices will
run as the season advances. Favor buy
ing on this decline
Browne, Drakeford & Co, Liverpool.
cable: THE strike is ended; mana
ger apologized; resume work to-day"
Dallas wires: "Texas-Cloudy. misty,
warm, except Amarillo, 80. Oklahoma
Cloudy, threatening showers over the
northeast, central and southwest part OF
the State; cloudy; so degrees;
The map is favorable. Shows fair
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. .Ss; Del Rio. SO
The Journal Of Commerce says: "Spe-
cial advices to us from New Bedford,
under date of October IA, say New Eng
land mills are buying cotton slowly and
that comparatively little Is taken for
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-D 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-hopeful 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 hOStilities be-
tween the United States and the Huerta
faction would have Among some th~
belief exists that war would disturb
Texas and unfavorably affect the cotton
field labor situation there. Others think
that war itself alune would exert a de-
pressing influence on the cotton market.
has it that the great nations would re-
gard the sending Of United States
troops into Mexico more In the nature
of a police move than of war. and that
the affect on trade would he nil except
possibly for 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"