Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-20
WASHINGTON NEWS
CONTROLS COTTON
Heavy Rains Throughout the Belt,
Preceded by Drouth, Is Playing
Havoc With the Plant.

NEW YORK. Sept 2O-N l.. Carpen-
ter & Co. in their weekly review of the
cotton market says;
THE American cotton markets con-
tinue to feel the disturbing influences
of threatened political action at Wash
ingtOn. Under present conditions and
prospects il is probable prices would
rule considerably higher if the trade did
not feel so deeply the uncertainty of
the situatiOnn, but before the end of the
month 1t Is very probable the tariff bin
will have become a law with either the
Clarke amendment adopted or elini-
mated.
During the past week the cotton belt
generally has been visited by very
heavy rains.
In Texas. Oklahoma and Arkansas ad-
vices are to the effect that it has rained
from seven to ten days continuously
and from four to seven inches Of rain
has fallen. There are a great many ad-
vices, both telegraph and letter, descrtb-
ing damage from these excessive rains.
IN many instances as much as 80 per
cent of the crop was entirely open.
These heavy rains have beaten the cot
ton out on the ground and caused cot
ton still hanging in bolls to become
water soaked, bringing a little SDrOuting
of the seed i'm the boil, as well as
sprouting OF seed in cotton which had
fallen on the ground.
Some advices, however, also say that
the rains have been beneficial, pro-
middle of November
THE continuous rains for the past
week or ten days. just as cotton is be-
ginning to move freely, will have quite
an effect on the next ginning report
which comes out about October .
showing amount of cotton ginned up to
September %. With so much open. IL
was thought these figures would be very
large.
Record Gnnings Expected.
THE last Government report showed
the amount OF cotton ginned up to Sep
TENDER 1. 1918. as 794 900 bales. The
Der l to %, was 2,274,000 bales, or
total for the season up to September
rs of 100000 bales. The amount
ginned in 1911, for the season, up to
September %. was 1916 900 bales.
Under the circumstances ii was ear
lier supposed that the ginning from Sep
TENDER l TO 20, would approximate
5000 600 bales, thus breaking all rec
ords, but It is said that this would sim
ply Indicate that the crop In Texas was
being unusually early harvested, and
would seem to be exhausted.
There is more of a disposition on the
part Of the cotton world to analyze the
prospective consumption and continued
business conditions. as all hope of pro-
ducing a crop Of American cotton which
will satisfy the world : requirements for
this year, has been abandoned by the
large majority.
With a CONSUMPTION last year which
was placed at 1890 900 bales, students
of trade outlook claim that the world
will want quite as much for this year
and possibly more. We can not speak
so confidently Of foreign mills though
cables say trade conditions with China
have improved very much recently. but
we are told by reliable sources. mer-
chants who are in the active trade, that
American mills are doing good business,
have prospects for its continuing and
have not got their supply Of raw cotton.
This, in the face of small stocks,
makes the outlook very enc0urag ing.
and If there is no evidence OF an early
marked decline in the price of cotton.
mills-both foreign and American
should come into this market in such
an active force as TO easily absorb the
movement Of even this early prospective
heavy moving crop.
with the comparatively narrow mar
ket and small business. you may expect
from time to time temporarily and lin
tied declines in value, but unless the
political situation at Washington fur
nishes bearish influence, the tendency
of prices is going to be up until a higher
basis is reached"