Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-17
COTTON GOSSIP

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
Gables reported good buying in the
English market led ECcles Il Co. on
the unfavorable crop reports from Mis-
sisSippi, 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 10 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
| ~ profit 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 u at 81
per cent, as compared with 69.9 per cent
two weeks ago. against 7S.4 per cent
month ago and 70.7 per cent for the
same period last wear.
All States show declines as follows:
North Carolina, 1; South Carolina, ?;
Georgia, 3; Florida, 1, Alabama, 8; Mis-
sissippi. 3, Louisiana. 6. Arkansas, 8:
Tennessee, u; Oklahoma, per cent,
and Texas remains the same as two
weeks ago, when the condition was IS
per cent.
Condition by States follows: South
Carolina rs against 70; Georgia q,
bSma 70, against IS; Mississippi 70.
against rs; Louisiana IS, against "A;
Texas 90, against s., Arkansas sc,
against n; Tennessee IS, against so;
Oklahoma ~, against So, Average 81,
against 699.
S. Tate says; Liverpool cables
strongly reflect change Of sentiment
abroad. Foreign manufacturers have
not secured their cotton. They may
now be expected 10 come actively into
advance before the end Of the month"
Brown. Drakeford & Co, Liverpool
cable Heavy buying by America and
and local bears turning TO bulls caused
advance
Bull leaders are talking IA cents with
In week, but the shadow Of Senator
Clarke hangs over the market.
However. some good spot people say
| that SpinnerS are not buying because
Of the doubt due to the tax legisla-
| ton. They do not believe the advance
will hold.
Ocean freight rates % Liverpool are
easier. being quoted at 30 to IS cents,
against fiat 35-cent rate last week
NEW ORLEANS. Sept 17.-Hayward
X 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, 81, Amari-
10, 3S; Oklahoma .16 Taylor, raining,
90; San Antonio, raining, ~, Corpus
Christi raining, 36; Galveston raining,
A, Palestine. raining, .02; Shreveport,
oil; Fort Smith, %; Nicksburg, raining.
Nashville, IA; Chattanooga, .O4; Atlanta
and Charleston, OF, Augusta, TO- Savan-
nah. 90; Jackson. Miss. Del Rio. %;
Houston .OS, Jackson, Miss, "A Biz
mingham, 1.S2; 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-
ton 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-
stTuCtive endeaVOr in the behalf of the
cotton industry as a whole. and on the
way to prepare, through the elimination
Of interest, for a 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 Ell
couraging sort. The NeY Orleans tai
ent from whose ranks have come the
men, who, during recent years, have
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
continued unsettled in the west. How
ever, the Agricultural Department
checked the spread OF bearfSh 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, 80; Alice.
20; Austin, .04; Clarendon, %; Column
bus, IA; Corpus Christi IS, Cuero, l80;
OS; Kerrville. 80; Lampassas. .O8: Lul-
ing. IA; MeXia, Of Palestine. .02; Paris,
OF: Quanah Is, san Antonio, -;
Sherman, 20; Spur. .04; Taylor, o.;
Temple, IA
NARROW, Okla. inch
ST Matthews, 5. c. $50 Columbia,
Ia.
Kosciusko, Miss. l inch, Lake. l. so,
Columbus, 80; Macon, $50. Waynes-
boro $50
Livingston. Ala. 12O; Tuscaloosa,
inches Montgomery, 1856
Amiet. La, 90,