Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-17
COTTON GOSSIP

J. NJ Anderson: Traders who went
home short last night, expecting an cas-
fsr 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-
sissippf 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
~ taking 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 81
per cent, as compared with 69.s per cent
two weeks ago, against 7S.4 per cent
month ago and 7O7 per cent for the
same period last year.
All States show declines as follows:
North Carolina, /; South Carolina, .;
Georgia. 8. Florida, 4; Alabama, 3. Mis-
sisSippi. 3; Louisiana s, Arkansas, 6;
Tennessee. u; Oklahoma, per cent,
and Texas remains the same as two
weeks ago. when the condition was 6S
per cent
Condition by States follows: South
Carolina rs. against 70; Georgia II,
against so. Florida 81. against IS: Ala
bama 20, against 70; Mississippi 10,
against 10; Louisiana IS, against "A;
Texas 50, against 65; Arkansas 66.
against 70; Tennessee IS, against so;
Oklahoma Al, against So, Average g.,
against $50.
S. Tate says: Liverpool cables
strongly reflect change Of sentiment
abroad Foreign manufacturers have
not secured their cotton They may
now be expected to come actively into
the market. l look for considerable
advance before the end of the month.
Brown. Drakeford & Co, Liverpool,
cable: Heavy buying by America and
the continent. Reports OF crop damage
and local bears turning to bulls caused
| advance"
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 spinners are not buying because
of the doubt due to the tax legisla-
| ton They do not believe the advance
will hold.
Ocean freight rates to Liverpool are
easier, being quoted at 30 to IS cents,
against fiat S5-cent rate last week.
NEW ORLEANS. Sept. l7.-Havward
< 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-
! ton where the Government saws rain
is needed; general showers also Zen over
| the AtIantiSs
Rainfall. Roswell. Texas OF AmariI-
! 10 ~. 0klab0ma Is, TayIor raining
! o.. San hnfonio raining % SnrnITs
| iSbristi raipiny 2ci CtaitSs,st,,, 49,
a.. Palestine 7raiping no SbraVar,aI!79
| Of! Fort Srnitb %. SiclSsb,,rg roiIing
"a, %au- Orleans 10. NTontgCr2art, az!
| Nashville IL Chattanoopa a.. Atlanta
- ,r,,ii,, ~ H,S., a. e tiS.Ii 20
IfGtetD as, IacLsc -, Niiss nj
tli,I,I,. Ni - ''
mn p ''''''''
The New orleans Times Democrat
Sr Tho con (T gCe o. gE1nng n ac t5a
c6araCter 81 tho cottH1, II,a1Iya+ IagisIa
pass the cotton market stood at atten-
| for the worst, and ready. on the one
| hand to begin a perfod of splendid con-
| structiva endeaVor in the behalf Of the
cotton Industry as a whole. and on the
of Interest 70 for day to come G when the the
STABLE shall revert TO primary I'm principies
of trade in vogue before the DAYS Of
scientidc protection
5Sews from 70, washington was Of the en-
oouraging sort. The New Orleans tai
mem Who " during A recent a' yea G9 have