Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-08
COTTON GOSSIP

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Cone was probably the best buyer on
the call with Geer the leading seller,
which was thought to be for the up
town" crowd. Cones buying was at
tributed chiefly to McFadden and Weld
interests. Parrot also was a conspic-
uous buyer. The selling on the call
was rather scattered, but not agrees
i've. Later offerings increased, but buy
ing orders from prominent bulls pre-
Their.
The general feeling is that the long
interest has been pretty well liquidated
and IN some conservative quarters the
belief is that the bears have had their
inning for the present. However, many
OF the most radical bears still nut conf
dence in Habersham Kings estimate Of
10, 100000 bales for the seasons output.
Kings high estimate presents a revoI
from the extremely bullish tension OF
the trade recently when 10 price looked
too steep Mr.. King may be too high in
his calculation, but his bold challenge to
prevent bull clean up" has WORKED
Columbus, Ga, wires: THE cotton
report for MuscOgee County shows that
up until september 25, there had been
| l,O72 bales of cotton ginned this wear
| against 1,479 for the same date last
year"
Decatur. Ga, wires: -Four hundred
and eighty-one bales of cotton of the
lSlS crop have been ginned prior to
september 20 as against 81 bales the
same date in 1912, according to the re-
| port OF Special Agent William c. Bruce,
made public to-day"
! Journal of Commerce: IAN ewes are
on the weather and many think it will
| De all the more potent on influence in
| llttlng prices, should IL become bad from
me TACT that there has lately been q
reaction OF about 40 points. and a large
| amount of long liquidation and an otvi-
| Gus tendency to increase the short inter-
| est. Even under ordinary circumstances
such decline calls for at least a tenn
| porary rally"
Dallas wires: Texas generally clear.
| rains in Dennison Mexia: warm, Ok
| .ahoma generally part cloudy to cloudyG
| storm warnings will be issued to-day
| LOT the Atlantic coast. but there is no
| chance for disturbance to come inland.
| as pressure over continent is too high.
| The weather map is very favorable:
| me growing weather over the entire
J belt; not even cooler in Northwest:
| temperatures in northwest Texas s de-
| grees higher and over 80 degrees mini
mum; no rain except at San Antonio:
generally fair in Texas and eastern
| States, except in North Carolina. Only
| ram OF consequence in south central
| Gulf districts and North Carolina coast
! Indications are for continued partly
| cloudy to fair over the belt, continued
] in III.
! heavier precipitation in the Atlantic
| coast districts on account of disturb
ance there.
Official weather details show that yes
| ierdays reports OF heavy general rains
In Texas and Oklahoma were all false.
Rainfall: Taylor OF. San Antonio IS
! Little Rock .04, New Orleans %, VIII.
mington 80, Raleigh 20, Jackson o.
The New Orleans Times Democrat
| says: How much further the liquida-
| tion which was the feature of yester-
| days market. will go is a mater open
TO debate. The heavy selling early in
| the day in New York was reported to
| be for the account of a prominent opera
| tor, who recently stepped into the lime
| light Of the market when contracts were
lowering around i4c.
| with this line OF long cotton Iiuui-
I dated the view prevails in more con-
| sentative circles that he technical posi-
| tion OF the market is decidedly more
healthy.
"Gn the other hand judging by the
bad reports that continue to come in,
not only from Texas and Oklahoma, but
also from Louisiana and Arkansas, the
crop outlook instead of improving in
! the central and western portions OF the
| belt. is daily growing worse. Reports
| of cotton sprouting I'm the bolls are COM
mon, while from Texas yesterday came
| one telegram stating that farmers were
| stripping the stalks of both opened and
! unopened bolls as the only means Of saw
| ing what the rains have left of their
| crops
while the local spot market ruled
| quiet, sellers refused to make conces-
siOns, and the result was that quota
tions remained unchanged"
| It was reported that more than 1000
| bales Of spot were shipped for New
! York from Savannah Saturday of which
| only 100 bales were for forward ship
| ment. SO far there has been little cot
| ton arriving despite confident predic-
| tions that this month would see the
( stock largely increased. Nevertheless it
| was said yesterday that the largest spot
! houses here are heavily long of Octo-
| Der and will yet force cotton to come.