Atlanta Georgian., 1913-10-17
COTTON GOSSIP

The next Government ginners' report
win be issued October %. at a. IN.
central time. showing ginnings 10 Oc-
tOber is.
The sudden rally of so points from
Wednesdays low mark rather took the
breath away from comm sion 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 II bare
when they tried to cover in that last
hour on bull.sh news from Oklahoma
and Manchester.
Many think that the rally has been too
sudden and il must be helped by con-
tirged unfayorable 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 materialjze
there would be considerable hQulcdtion
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 in
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 il
continues the balance OF the month.
Dallas wires: Texas and Oklahoma.
general rain still threatening, average
temperature 80 degrees
nnt IA aTfi
& Clark: The Government weather map
shows no frost whatever iI 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
lor EOS, San Antonio .0l. Galveston .5S,
Palestine 10, Shreveport n, Fort
Smith rs. Little Rock 81 Nicksburg
10. Houston ~.
Oklahoma Generally cloudy; threat
ening, heavy mist almost over the en-
tire State; temperatures 50 to Sc Tex
as-Bremond raining, cold; Dallas,
cloudy, 80, rained yesterday; Texarkana
Paris and Bonham. cloudy, So; Whites
boro' partly cloudy.
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 began to cover, many developed
a desire for safety. The resSlt was an
active session ard a sharp advance.
In America. contracts closed around
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 eX-
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
market.
Another factor that left a bearish feel
ing in some quarters in the wake Of the
session was New Orleans spot advance
of only l-l6 of a 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 Il at Galveston, "a at Houston,
3-16 at Mobile 4 at Savannah a at
Norfolk and 4 at Augusta. Exporters
now say that continental spinners have
been buying constantly during recent
sessions; that the spot basis on desir-
able cotton has been running abnorm-
ally high 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 Il of a cent high
er to buy; good demand for better
grades, but lower grades and of color
cotton entirely neglected
Galveston wires: Made a tour OF
the State Of Texas. and 1t can not
make four million bales with frost on
December l."