Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-18
COTTON GOSSIP

J. NJ. Anderson: Traders who went
home short last night. expecting an cas-
Ter Liverpool because Of labor troubles,
were surprised at the quotations sent
over by that market and their covering
sent December TO 1920 on the opening
Gables reported good buying in the
English market led b ECcleS < Co. on
the unfavOrable crop reports from Mis-
slssippl, Louisiana, Arkansas and Texas.
which this market had yesterday but
ignored on the theory that they had al
ready been discounted.
Leading local bulls appeared to be
adding to their lines to-day, and there
was also buying by smaller traders, who
believed the trend points higher. Sell
Ing was scattered and looked to be part
~ nt-taklng and partly hedge selling.
Clearing weather may bring about
some reaction, but judging from crop
reports from central and western belt.
It looks a purchase on any reasonable
downturn.
Miss Giles makes the condition Of the
cotton crop as OF September II at Sc
per cent, as compared with 69.9 per cent
two weeks ago. against 1874 per cent
month ago and i0.G per cent for the
same period last year.
All States show declines as follows
North Carolina. 1. South Carolina, 2
Georgia. 8; Florida. T. Alabama, 3, Mis-
sissppi 8. Louisiana 6, Arkansas, 8
Tennessee. y; Oklahoma per cent.
and Texas remains the same as two
weeks ago, when the condition was IS
Condition by States follows: South
Carolina rs. against 70, Georgia =,
against so; Florida 81, against IS: Ala
bama TO- against 70 Mississippi 70,
against 70, Louisiana 6S, against "a
Texas 65. against 60. Arkansas &C.
against ~ Tennessee 6S, against So
Oklahoma AZ. against So. Average O.,
against $50.
strongly reflect change Of sentiment
abroad. Foreign manufacturers have
not secured their cotton They may
now be expected to come actively into
The market. look for considerable
advance before the end Of the month. "
Brown. prakeford & Co. Liverpool.
cable Heavy buying by America and
the continent Reports Of crop damage
and loca! bears turning to bulls caused
Bull leaders are talking IA cents with
in week, but the shadow Of Senator
Clarke hangs over the market.
However, some good spot people say
that spiuners are not buying because
Of the doubt due 10 the tax legisla-
ton. They do not believe the advance
will hold.
Ocean freight rates to Liverpool are
easier, being quoted at 80 to 30 cents.
against fiat S5-cent rate last week.
NEW ORLEANS. sept 17-Hayward
& Clark: The weather map favorable,
shows cloudy over the entire belt: gen
eral rains. only very light in Texas and
Oklahoma, but some good rains in Ala
bama. particularly in the eastern pOr-
rHrh.
is needed; general showers also fell over
the AtlantiCS
Rainfall Roswell. Texas. Of. AmariI-
10, .3S, Oklahoma, l6; Taylor, raining.
o.; san Antonio, raining u; Corpus
Christi raining. IS; Galveston raining,
A. Palestine, raining, 02, Shreveport,
OF; Fort smith, %, Nickshurg, raining,
81 New orleans, IL, Montgomery, 90;
Nashville. IA, Chattanooga, .O4, Atlanta
and Charleston, Of, Augusta, 10; Saysn-
nah, .02, Jackson, Miss Del Rio %,
Houston .0Ss Jackson Miss, "A, Biz
mingham. l.S2, Admission, .O2.
The New Orleans Times-pemocrat
says. ION the eve of determining action
by the conference committee on the
character Of the cotton market leglsla
tion the United states Congress is to
pass, the cotton market stood at atten-
tiou hoping for the best, yet prepared
for the worst, and ready, on the one
hand to begin a period of splendid CON
StruCtiVe endeavOr in the behalf Of the
cotton industry as a whole, and on the
way TO prepare, through the elimination
Of interest for day to come when the
barter and sale Of the SOuth'S chief
staple shall revert to primary principles
of trade in vogue before the days OF
scientific protection.
News from Washington was Of the en-
couTaging sort. The New Orleans tai
ent from whose ranks have come the
ma VI ~ Hly n