Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-29
COTTON GOSSIP

The ring crowd sold their heads off at
the outset and some strong firms bought
The selling was based on the rumor that
theodore Price was out on an estimate
OF 10000, 900 bales. Mitchell, Gwath-
mey and Weld supported the market.
stocks of cotton at Savannah are
larger than those at Galveston, revers-
ing the usual state of affairs at those
two points. Savannah now has over
1888 bales, while Galveston has some
thing like 1871, 727 bales. A year age
Galveston had 313, 115 bales in stock
compared with only 1861 bales in Sa-
vannah,
S Tate says: This market does not
advance on all the bullish news, as
thought it would, and fear the technical
position mas been weakened.
Heavy buying during the last three
days undoubtedly piled up lot Of weak
long cotton. because buying has been
scattered and now there does not seem
to be buying pow er enough to lift this
Load, Notwithstanding that the situa-
ton Is as bullish as ii could possibly be
The freeze now settling down over
the belt will put an end to all further
growth and maturity OF green bolls If
and in spite of the fact that Mr.. Price
suggests the last ginning probably fore
casts total yield of 100000. | think
the crop figures will be materially re-
NuNVb duI iHt next lew weeks.
1t looks now as though. unless there
was some new bullish features develop
ing TO bring new support, that the mar
ket may ease off temporarily. Such a
decline, | believe, is going to be tenn
porary and offer much better opportu-
nifty for investment feel Just as bull
ish as ever, but would rather be eau
tious at the moment and buy only on a
decline"
Special reports to The Journal of
Commerce says:
Arkansas Excessive rain is the
cause OF much complaint. and the grade
has been greatly lowered Cotton is
hard 10 pick and Is coming on the mar
ket slowly, as picking returns show,
the crop being about so per cent gath
cred, against SO per cent last year and
66 per cent in 1911. There will be no
further top crop owing to a killing frost
on October 81, being sufficient to stop
growth. Some fields are flooded and
Dolls are rotting. There are few
correspondents who look for a larger
yield than last year and say the frost
mas improved prospects. Percentage
condltion is about the same as last
month. Last year the date of killing
frost was November Q.
Louisiana-On account OF excessive
rains, considerable cotton has rotten
In the bolls and the grade is much i'm
paired. Boil weevils took practically all
80 bcp SiOPt Willt ITOSI on october III
did considerable damage. Altogether,
the prospect is very poor and percent
age condition shows severe deteriora-
ton. A year ago killing frost appeared
on November 49, The crop Is only ~
per cent picked. against IS per cent last
year and 30 per cent In 1911. Farmers
are selling as fast as the staple is gath
cred. e''%''
80 Tennessee-Killing frost on October
~ destroyed largely top-crop prospects
FaH NJ ,.-
the first killing frost was on Noyem
Der z, and in 1911 was on October 30
But Tor frost and some injury by rain,
the weather has been favorable and
percentage condition shows some i'm
provement over year ago Picking is
Wei advanced, being 81 per cent gath
cred, against AZ last year So in 1911
and Il In 1910 Many correspondents
LOOK Tor a better yield than last wear.
only small percentage of cotton is
NEW ORLEANS, Oct. 29.--Havwar d
a. clark: The weather map shows fair
IN the Western States and Alabama.
CLOUDY oyer rest of the belt, freezing
Weather IN the northern half OF Texas
an1 All OF Oklahoma. colder in the Gem
tral and Eastern States, light precipita
ton in parts of Oklahoma, North Texas.
sippi.
I The New Orleans Times Democrat
,s says: With New Orleans in holiday
New York worked alone. Re-
Gently the Northern market has besn
crying for sellers. and few were at
tracted yesterday. II seems that the
Western crop, which was supposed 70
have been killed by the frosts and ice
OF October 20 and q. has been brought
10 life by single travelling expert, and
H Dew YORK sold contracts on his reports.
But the weather god, apparently miffed
az the nerve of mere crop expert and
determined TO end the argument, prom pt.
ly started blizzardy weather southwakEd
and New York recovered some Of re
early loss, when a forecast calling for
rains, snow, freezing temperatures and
storm OF some intensity in the West
was promulgated
Meanwhile, the trade and the talent
at large seem willing to admit 10 them.
serves the adverse weather has MT an
end 10 the making OF cotton verv early
In the season. and that the question for
them to answer now is by how much
will consumption of raw cotton sxcaed
Pr99!dnnetion in the cotton year OF 1919