Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-16
COTTON GOSSIP

The tone OF the market was much bet
ter to-day and looks as II 1t VIII work
higher through active buying 10y strong
interests However. sentiment continues
be8Tish and there is stu Gispns ton
on the part of the Tug and scattered
longs to sell on ali rallies anu soft spots
New Orleans wires. spots not active
here. Many say spot cotton sold "a ot q
cent lower yesterday and are lower To
trade to-day Auauucs selling us"
Swanson & Co. estimate the cotton
crop at lS,5o0,0Uo bales.
The weather map was again favor
able. but the market looks oyersuld.
NcFadden. Geer and Gumoens were
probably the best buyer.
Sentiment IS so bearfsh that prices
may swing temporarily lowers. Tate.
Dallas wires. Texas and Oklahoma
far; no rain OF frost; temperature 90
NEW ORLEANS. oct. l5-Hayward <
Clark. The weather map shows fair
and warmer over the eastern half Of the
belt. partly cloudy 10 warmer over the
western half. Not a drop OF rain over
the entire belt, except "a OF an inch at
'stiA tSl'ill, lNttthAAoIA are LOT Ai4StN-
tied rainy weather coming on Texas,
Oklahoma and Arkansas. Cooler in the
northwestern quarter OF the belt. Gen
orally fair in the eastern half.
The New orleans Democrat
saws. For the first time jan some days
ideal cotton belt weather robbed the bun
Of his weather scare weapons, and the
market vision being clear fundamental
conditions began TO exert normal in
tuence. The result was a decline Of
about ST a bale
The eastern belt. with its large crop
OF fairly good grade cotton is now the
dominating influence, just as il was dur
ing the fan Of 1911. Georgia has a big
crop, ana Savannah, the leading Georgia
spot market reflects willinguess-if not
anXiety-among spot owners to part
with their holdings. Yesterday SHNhu-
nah reduced middling liverpool Class)
: Is, to l2.I5C. while travellers returning
from the east reported receipts at the
Georgia towns were averaging strict
mlddling
ION the whole. Georgia seems to have
raised a better average crop than the
west. especially on the river lands, where
much commercial 3-1G and IA Inch
staple cotton has been produced.
Experience has shown that The early
season attitude Of spot owners is the
best guide to the volume Of the yield In
the several sections. The west Is cot
now a free seller, nor Is IL A very free
shipper. The east Is n very free seller,
and Is becoming a very free shipper.
Aside from all other proof. this IS good
evidence that the east has a fun supply
to draw from, while the west has not
Cordil wires from Memphis: "Brook-
haven. Jackson. Nicksburg to Rolling
Fork the weevil practically ruined the
crop.
Rolling Fork to Leland crops are
good. Leland. Clarksdale to Memphis,
the Delta, excepting the southern part,
has the best crop I'm its history Simply
immense and practically assured. The
woevil has been so destructive and act
i've in hills and extended over so much
greater area l am afraid IL viii Offset
largely the gain in the Delta and north
Mississippi. Locally around Memphis
the crop is excellent Memphis district
large crop practically assured.
September rains followed by favor
able weather maturing crop normally.
North Mississippi and Tennessee show
no new growth but full maturity Of
normal crop, which Is safe from normal
frost Sufficient time elapsed to make
intelligent report on Texas. oklahoma
and Arkansas
Weather continues favorable for
normal opening and maturity.
THE Delta has had "a big crop all the
year except in the weevil district, and
still has IL. Past few days has been
favorable for rapid maturity and open
ing"