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

NEW YORK, oct. 10. NJ Anderson
says Liquidation was continued again
this morning by commission houses,
which brought the market down a few
points.
This selling was checked around IL
o'clock by brokers identified with the
bull side and the market rallied with
little offerings. Shorts inclined to cover
fearing unfavorable weather conditions
overnight
ut would take very little now to start
an advance, as the technical position OF
the market after the heavy liquidation
OF the past few days is more favorable
to the long side.
81 would not advise following the de-
cline too far. There is undoubtedly
local short interest existing and most
OF the long contracts it is believed are
held by spinners.
1t is believed by a great many con-
sentative operators that. the market is
pretty well cleaned up and short in
terest is existing and we are in favor
for an upturn.
Some fthe leading spot interests
were good buyers Thursday. which
brought out some scattered short cover
Ing. However, there was aggressive
Selling up TO the close. The liquidation
seems to be coming mostly from com
mission houses. This selling is thought
to be catching stop orders and tired
longs liquidation.
=, Around the close Thursday. Weld.
Hartcorn. Waters. Schill, Clifford. Nor
den, Hentz. Cone, Rich. Springs, Wig
gin. PARROT and Young were the lead
ing buyers. Gwathmey. McAlory. Mont
gomery, Starr RAFT Chairman, Roths.
enid. Bartlett, Wilson and Russell were
the leading sellers. Springs and Weld
were proba bly, the best buyers on the
close. Weld bought December and Jan
uary and Springs bought January.
Dallas wires: Texas generally part
cloudy to Gear; temperatures. 65 de-
grees. Oklahoma threatening eastern
part; cloudy in western. no rain, 10 de
grees."
NEW ORLEANS. Oct. 1O.-Hayward
& Clark The weather map shows
cloudy in the western half Of the belt;
fair in the eastern half of the belt, ex-
cept North Carolina. where II is also
cloudy; no rain. except a few light
and the Carolinas. Fine. warm weather
throughout the belt
The New Orleans Times Democrat
says: Spots are declining and the tai
ent has a tip that contract values win
work lower. while it Is practically
cinch that the spot basis on the better
grades will work higher. But the tai
e1t mas learned 10 rear It's own SHADOWS,
and something more than a simple tip
is required. There is logic in the be-
lief that clearing weather and a more
or less Indifferent demand for the
actual in conjunction are playing into
the hands of those spinners who. left
al the post on the rise. are now work
ing for a decline in order to provide a
supply against forward need.
There is a'so logic in the belief that
the low grade crop Of the West win
work wonders for the man who owns
the better sorts of the raw material
But mere logic alone will not answer
TIE talents requirement in 1o13-14 The
y\,e Of the crop is still unknown. Most
people. however, are inclined to raise
their estimates to some extent. Dam
age OF importance has been done in
Txas and 7 ouis'alI and in spite Of
large girnings the oklahoma crop prom
ises to he small one. from the eastern
belt, however good reports continue to
come and Georgia looms larger"