Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
COTTON GOSSIP
Spinners buying

ChlLlitIS buN lIE
Liverpool cables were very strong at
the opening to-day This. coupled with
another frost report, caused active buy
ing by number Of the strongest inter
ests.
Selling was rather general after the
can Schlll and fHOrdan We're the lead
ing sellers.
Some Of the larger operators do not
hesitate 10 predict that cotton will reach
IA cents this week, owing 10 unfavorabIe
weather reports and the buying of spin
ners and the scarcity Of contracts
However, it is about the third success
I've week that they nave talked "A cents
Probably light frost will prevail to-
night in Interior Of North Carolina.
New Orleans wires Market very
firm. feeling decidedly buuish Weekly
weather report at II o'clock expected TO
be unfavorahle TO speak of tempera lures
much below normal in Eastern States
and Of light frosts'
Government Bureau says temperatures
have risen TO % degrees throughout
the cotton region during the last "a
hours.
A prominent cotton man in Augusta
thinks that Georgia and South Carolina
will raise fully 4,2O0. 600 bales Of cotton
this year
Hooper & co. Of Liverpool say in re
cent mail adviCes
The Manchester market is dun. and
new business hard 10 put through. but
reports from India are good and proba-
bly, good demand viii soon come from
that quarter again People here think
that the crop viii be around fourteen
million bales, and that seven pence a
pound Is about right for such a crou
There IS likely To be a large supply Of
cotton from India, Egypt and Brazil
The Russian crop is also a good on
though not large The recent rains
ought to benefit the Texas crop.
especially If they have an open winter
without frost our Oklahoma office saws
that the crop In that State will not reach
100000 bales"
W. w Talbert has the following from
Washington: president Wilson denies
having approved Clarke amendment.
The best Information is that the amend
ment Will be greatly modified and prob
ably the COnferees VIII adopt the Lever
amendment, which permits hedging con-
tracts"
Brown. Drakeford & Co. Liverpool
cable. Liverpool bulled on Clarke's
bill and frost cables"
Dallas wires Texas Panhandle is
clear, balance part cloudy. Oklahoma
generally cloudy threatening; no rain. !"
NEW ORLEANS. Sept. 28.-Havward
& Clark. Washington news SAYS yes
terdays rumor Of President favoring
Clarke amendment was entirely I'M
founded, PRESIDENT merely demands
conference TO hurry up decision The
chances considered In favor OF Hoke
Smith-Leve amendment
The weather map shows cloudy over
the western States and fair over the
rest of the belt: no rain anywhere
Warmer IN the eastern States than had
been expected. Only light frost in Ten
nessee mountains and parts Of North
Carolina. Warmer in the western and
central States
The New Orleans Times-D Democrat
says MANY wild rumors regarding the
attitude of the Congressional conference
committee on cotton market legislation
kept talent and trade i'm a stew an day
yesterday and prices moved IN and
down as the reports from Washington
seemed good or bad Through il all
however. those men who are i'm closest
touch with the legislative situation adj
here to their belief that the outcome
will be the enforced adoption of Govern
ment standards ana commercial differ
ences with nominal tax During the
late session the talent lost some " its
early morning fear of the Clarke meas
ure and the market reflected re-estab-
lished confidence
Meanwhile the interior spot markets
became upset over the uncertainty en-
gendered by the Washington rumors and
some reported advances. while others
reported declines Savannah is now
selling Liverpool good middlng at the
price of New York futures. and fully
good miidling at Is on
The Texas movement is expected To
slow up in the near future as a result
Of recent rains
Inquiry for actual cotton i'm the New
orleans market is expanding ana steam
ship men report q drop in the New or
leans Liverpool rate TO AZ cents from
As cents ana better demand for cot
ton room
a prominent Liverpool man inspecting
Texas and Oklahoma wires from north