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

/ 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
sent December TO 1920 on the opening
Gables reported good buying in the
English market led b Eccles & Co. on
the unfayorable crop reports from Mis-
Sisslppi, 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 to 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
~ proht-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 reasona BILE
downturn.
Miss Giles makes the condition Of the
cotton crop as of September II at 81
per cent, as compared with $50 per cent
two weeks ago, against 7S4 per cent a
month ago and 10.7 per cent for the
same period last year
All States show declines as follows:
North Carolina, /, South Carolina, 2
Georgia, g. Florida, T. Alabama, 3: Mis-
sissippi. 8; Louisiana. s; Arkansas, g.
tennessee, Il, Oklahoma, per cent
and Texas remains the same as two
per cent.
Condition by States follows: South
carolina Is. against 70; Georgia H.
against so; Florida 81, against IS; Ala
against 20, Louisiana IS, against "a
Texas IS. against IS; Arkansas sc,
against 72 Tennessee IS, against so;
Oklahoma a, against 90. Average 81,
S. Tate says: Liverpool cables
strongly reflect change Of sentiment
abroad. Foreign manufacturers have
not secured their cotton. They may
now be expected to come actively into
the market look for considerable
advance before the end Of the month"
Brown, Drakeford & Co. Liverpool.
cable Heavy buying by America and
the continent. Reports OF crop damage
and local bears turning to bulls caused
Bull leaders are talking "A cents with
IN a week, but the shadow of Senator
Clarke hangs over the market.
However. some good spot people say
mat Spinners are not buying because
tlon They do not believe the advance
will hold
Ocean freight rates to Liverpool are
easier being quoted at 30 to 30 cents, /
against fiat 35-Cent rate last week
NEW ORLEANS. sept. 17.-Havward
* LARK. The weather map favorable |
shows cloudy over the entire belt: gen
fraI rains, only very light in Texas and !
Inc 3r,
bama, particularly in the eastern pOr-
ton. where the Government says rain |
ls needed; general showers also fell over |
the AtlantiCs
Rainfall: Roswell. Texas. OF: AmariI- !
10. IS. Oklahoma, l6; Taylor, raining, |
.O2 san Antonio. raining. -, Corpus |
Christi raining, SO; Galveston. raining, !
o.: Fort Smith, %; Nicksburg, raining, |
"a, New Orleans. 70; Montgomery. !. 80: |
Nashville, IA, Chattanooga, .O4; Atlanta |
and Charleston, OIL; Augusta, 10; Savan-
nah, .02; Jackson, Miss Del Rio %: |
Houston .0S; Jackson. Miss, "A; Biz |
mingham, l,S2; Admission, .02,
The New Orleans Times Democrat |
says: 'On the eve of determining action /
by the conference committee on the |
character Of the cotton market leEiSla- /
ton the United States Congress is to |
pass, the cotton market stood at atten- |
ton hoping for the best. vet prepared |
for the worst, and ready on the one !
hand, to begin a period Of splendid con- |
structive endeavor in the behalf Of the |
cotton industry as a whole. and on the !
way to prepare, through the elimination |
or interest, for 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 en-
COuraglng sort. The New 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 a warning for the future
Very little rain fell in Texas and /
none in Oklahoma in the "a hours ending
morning, though the weather
unsettled in the west How
ever, the Agricultural Department
checked the spread of bearish sentiment
that showed signs OF developing by re-
porting in It's 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. IS; Alice
bus, IA; Corpus Christi, SO; Cuero 80:
IA Henrietta, %; Houston, |
.0S; KerTville, 81; Lampassas, .0S: L.ul-
ing, IA MeXia, Of; Palestine, 90; Paris,
Sherman, 20; Spur, .04, Taylor, .O2;
Temple IA.
MARROW, Okla, inch.
St Matthews, S. c., go; Columbia,
KosciusEo Miss, / inch; Lake. 1.5o,
Columbus, 2.3O, Macon, l 60. Wayncs-