Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-10-15
COTTON GOSSIP

The tone Of the market was much bet
Ter to-day and looks as II Ii will work
higher through active buying hy strong
interests However. sentiment continues
bearish and there is still disposition
on the part of the rng and scattered
longs to sell on all rallies ana soft spots.
New orleans wires: Spots not active
{ mere Many say spot cotton sold = OF
cent lower yesterday and are lower TO
( trade to-day. AtlantIcs selling US
swanson & Co. estimate the cotton
/ crop at l3,5o0,oO0 bales.
| The weather map was again favor
able, but the market looks oversold.
McFadden. Geer and Gumoens were
good sellers on the declines. Hentz was
! probably the best buyer.
/ Sentiment is so bearish that prices
may swing Temporarily lowers. Tate.
| Dallas wires Texas and oklahoma
/ far; no rain OF frost, temperature 60.
/ NEW ORLEANS, oct. 15-Hayward &
/ Clark: The weather map shows fair
/ ana warmer over The eastern half of the
! belt, partly cloudy to warmer over the
western half. Not a drop of rain over
/ the entire belt. except "a of an inch at
| Galveston. Indications are for unset
tied rainy weather coming on Texas,
| Oklahoma and Arkansas. Cooler in the
northwestern quarter Of the belt. Gen
/ orally fair in the eastern half.
/
! The New orleans Tines Democrat
/ says. For the first time in some days
/ ideal cotton belt weather robbed the bull
t Of his weather scare weapons, and the
( market vision being clear fundamental
| conditions began 20 exert normal in
/ iuence. The result was a decline Of
/ about 81 a bale.
| The eastern belt. with its large crop
/ of fairly good grade cotton is now the
/ dominating influence, just as il was dur
| ing the fan of 1911 Georgia has "a big
/ crop, and Savannah. the leading Georgia
/ spot market reflects willingness-if not
anXlety-amOng spot owners to part
with their holdings. Yesterday SaN4n-
/ nah reduced middinE liverpool Class)
! lls, to l2.T5c, while travellers returning
| from the east reported receipts at the
| Georgia towns were averaging strict
middling
ION the whole, Georgia seems to have
raised better average crop than the
west especially on the river lands, where
much commercial ! 3-l6 and IA -lnch
staple cotton has been produced.
''ENperlenCe has shown that the early
season attitude Of spot owners is the
best guide to the volume of the yield in
the several sections. The west is spt
now free seller, nor is it very free
shipper. The east is very free seller
and is becoming a very free shipper
Aside from all other proof, this is good
evidence that the east has a fun supply
to draw from, while the west has not
COrdill wires from Memphis. Brook
haven. Jackson Nicksburg to Rolling
Fork the weeyl practically ruined the
crop.
Rolling Fork to Leland crops are
good Leland, Clarksdale TO Memphis,
the Delta, excepting the southern part,
has the best crop in its history Simply
: immense and practically assured. The
weevil has been so destructive and act
i've in hills and extended over so much
greater area | am afraid it will Offset
| largely the gain in the Delta and north
Mississippi. Locally around Memphis
the crop is excellent Memphis district
large crop practically assured.
september rains followed by favor
able weather maturing crop normally.
North Mississippi ana Tennessee show
no new growth but fun maturity Of
normal crop, which is safe from normal
frost. Sufficient time elapsed TO make
intelligent report on Texas, oklahoma
and Arkansas.
Weather continues favorable for
normal opening and maturity
THE Delta has had a big crop all the
1 year. except in the weevu district, and
! still has il. Past few days has been
/ favorable for rapid maturity and open
/ ing"