Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-18
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 unfavorable crop reports from Mis-
sisSi ppi, 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
~ 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 Septem Der II at 81
per cent. as compared with 699 per cent
two weeks ago against 7S.4 per cent
month ago and 707 per cent for the
same period last year.
All States show declines as follows:
North Carolina, 1; South Carolina, 2;
Georgia, 3. Florida. 4; Alabama, 5 Mis-
sissippi, 5; Louisiana. 6, Arkansas, 6;
Tennessee, u; Oklahoma, per cent,
and Texas remains the same "a two
weeks ago. when the condition was 65
per cent
Condition by States follows: South
Carolina IS. against 70; Georgia II,
against so, Florida 81, against So. Ala
bama 10, against 49, Mississippi 70,
against 70; Louisiana 6S. against "A;
Texas 90. against 65, Arkansas Sc,
against 70; Tennessee IS, against so,
Oklahoma AZ, against So. Average 81,
against 6S.9.
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 l 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
advance"
Bull leaders are, talking "A cents with
In week but the shadow of Senator
Clarke hangs over the market.
However, some good spot people say
that spuners are not buying because
Of the doubt due to the tax legisla-
uon. They do not believe the advance
will hold.
Ocean freight rates to Liverpool are
easier. being quoted az 30 to 30 cents,
against fiat 3j-cent rate last week.
NEW ORLEANS. sept 17-Hayward
& Clark. The weather man fayorsh bile
shows cloudy over the entire belt. gen
eral rains, only very light in Texas and
Oklahoma, but some good rains in Ala
bama, particularly I'm the eastern nor
tiun, where the Government saws rain
is needed: general showers also fen over
the AtIantiCs
Rainfall. Roswell Tevas n. Arnarf-
To- az. Oklahoma 1G. TavIor rai,f,,e
o.. San Antonio. raining 70. G, orn15s
Cbristi rainirg az Gai,ISe,s,,,- 49, 10 80
ralII,ls; ~ oialE yes ICii, RAINING
al E,0rt smith %. TicLsL,,rg Tai6Ii ~ =
ID, Nov orleans 10. lT@ntgo1,ar,I az.
Nashville IA C'haftannnpa a. StIanta
- I'barI.,t,r ~. t-r,e+, n $50, ="
UoUetnn 0S. Iarl,sCr, Niiss a.. nj
I,ir'r,l,.,r,, 60. tn,istn,, -'i a. - -"
by the conference conTit fem Sn The the
character Of no coft,n ,,,srI-,t I.e,i,Ia
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-
strIctiye endeaVor i'm the behalf o. the
cotton Industry as a whole. and on the
Of interest. for a day TO come when the
barter and sale of the South's chief
st staple shall revert to primary principIes
Of trade in vogue before the DAYS Of
scientific protection.
New" Jews from Washington was Of the en-
couraging sort. The New orleans tai
n mem Who d9Tng recent '' years. G3e have awe