Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 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. PARROT 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
Their.
The general feeling is that the long
interest has been pretty we'll Iiquidated
ana 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
Io,foO'ooO 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
Columb bus, Ga. wires: THE cotton
report for Muscogee County shows that
~ ehtI september %, there had been
l,0f2 bales Of cotton ginned this wear.
against l,479 for the same date last
year.
pecat ur. Ga. wires: -Four hundred
ana eighty lone bales of cotton of the
1919 crop have been ginned prior to
september 25, as against 81 bales the
same date in 1912. according to the re-
port of Special Agent William c. Bruce,
made public to-day"
Journal Of Commerce: IAN ewes ara
on me weather and many think it will
, De an the more potent on influence in
tIIing prices, should it become bad from
the fact that there has lately been a
reaction OF about 20 points, and a large
amount or 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.
rains in Dennison. Mexia: warm. Ok
Ia li generally part cloudy to cloudy;
Storm warnings will he 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 favorable:
me growing weather over the entire
! oeIti not even cooler in Northwest.
temperatures in northwest Texas s de-
sfees 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 with little rain. except possibly
heavier precipitation in the Atlantic
coast districts on account Of disturb
ance there,
Official weather details show that yes
lerday's reports of heavy general rains
in Texas and Oklahoma were all false
Rainfall; Taylor OF. San Antonio IS.
Little Rock %, New Orleans 9S. VIII
mington $40, Raleigh IS, Jackson o.
The New Orleans Times Democrat
saws: How much further the Iiquida-
| uon which was the eature Of yester-
days market will go is a mater open
to 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 lac.
With this line of long cotton liqul-
dated the view prevails in more con-
seryative circles that he technical posi-
tioE of the market is decidedly more
: ScG.thy.
ION 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 saw
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
tons remained unchanged"
1t was reported that more than 1908
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-
lions that this month would see the
stock largely increased Nevertheless it
was said yesterday that the largest spot
houses here are heavily long of Octo-
Der and will yet force cotton to come