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
2lS,s6S bales, while Galveston has some
thing like 1919 bales. A year ago
Galveston had 313,115 bales in stock,
compared with only 166.5S7 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 has been weakened.
Heavy buying during the last three
Gays undoubtedly piled up lot of weak
long cotton. because buying has been
scattered and now there does not seem
10 be buying power enough to lift this
load, Notwithstanding that the situa-
The freeze now settling down over
tne oelt Will put an end to all further
growth and maturity of green bolls If
mere was any left after the last freeze,
and In spite Of the fact that Mr.. Price
suggests the last ginning probably fore
casts total yield of $4,000, 900. think
the crop figures will be materially re-
duced during the next few weeks.
IL looks now as though unless there
was some new bullish features develop
ing to bring new support, that the mar
Ket may ease of temporarily. Such a
decline, l believe, Is going to be tenn
porary and offer much better opportu-
nifty for investment. I feel just as bull
ish as ever. but would rather be eau
nous at the moment and buy only on a
decline"
Special reports to The Journal of
Commerce says:
Administrators rain is the
cause of much complaint. and the grade
mas been greatly lowered Cotton Is
hard TO PICK and is coming on the mar
ket slowly, as picking returns show,
the crop being about so per cent gath
% per cent in 1911. There will be no
further top crop owing to killing frost
on October 81, being sufficient to stop
growth Some fields are flooded and
correspondents who look for larger
yield than last year and say the frost
mas improved prospects. Percentage
condition is about the same as last
month. Last year the date of killing
frost was November 2.
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
the top crop, while frost on October Fl
did considerable damage. Altogether,
the prospect is very poor and percent
age condition shows severe deteriora-
tion; A year ago killing frost appeared
on November 10. The Crop is only ~
per cent picked. against So per cent last
year and 80 per cent in 19i1 Farmers
cred e'
- Tennessee-Killlng frost on October
~ destroyed largely top-crop prospects
and checked further growth. Last year
me nrst killing frost was on Novem-
Der 2, and in 1911 was on Octoher 90
But for frost and some injury by rain.
the weather has been favorable and
percentage condition shows some i'm
provement over year ago Picking is
cred. against AZ last wear. S8 in 1911
and Al in 1910. Many correspondents
look for a better yield than last wear
only a small percentage OF cotton is