Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-20
COTTON GOSSIP

| ~ ~ - - ~ AN ~ ~
The revision committee OF the Cotton
Exchange, at its meeting Wednesday.
Increased the penalties on low grade cot
ton from 10 to SIS points, making low
mlddllng ] 20 points under middiing, and
placing good ordinary cotton at dis
count Of 800 points, comparing with the
differences OF so and 2l5 points, re-
spectively.
High grade premiums also were in
creased slightly, and the most general
comment Of brokers who stayed down
town 10 receive the report was that the
committee had adjusted the differences
to meet the requirements of low grade
The old grade differences. compared
with the new grade differences, are
shown as follows
Strict mlddrng, fair 1870 on, $50 on.
Fair middling. $50 on; l75 on.
Middling fair, ITO on $50 on.
Strict good middling 6S on 90 on,
Fully good midding. 81 on, rs on,
Good middling. 46 on; 60 on
Barely good mtddling So on; IS on,
Strict mlddling, "a on, 30 on.
Fully miCdllng, u on; Is on.
Barely middliug. II off: 20 off.
Strict low middling, IS off; 50 OF.
Fully low middling IS off, So off,
Low middllng. so off. Us off
Strict good ordinary miadling, $40 of
zoo of
Good ordinary middling. 215 of; 800
Strict good mlddling. tinged, IS on;
Good mlddling unged value OF mid
ding, value Of mid!lirg.
Strict middiug tluged, IS or 20 Off.
Middling, unged, so of 40 on. -
Strict low middllng, tinged. IS off; 1876
Low mlhdling tnged 200 of; 300 OF.
Middling, stained, 80 Off l25 off,
Everybody is waiting to see what the
ginning figures will be tomorrow, and
trading was rather small to-day, eX-
cept a general evening up business.
S, Tate SAYS: The action Of the
committee cotton exchange revision
mediate effect on the market, but as the
bullish factor
Their action met with general APP
prevail but We have not heard from
outside interests yet
This revision VIII have little i'm
mediate effect on the market, but as
market becomes adjusted to the DIFF
ferences it should bring spots and fu-
lures nearer together. The market is
now waiting on ginners report to-moF-
row at 10 o'clock"
NEW ORLEANS, Nov 2O.-Hayward
& Clark; The weather map shows
cloudy over the western half Of the belt
Generally fair in East Texas, except in
the Gulf districts, where il is cloudy.
Indications are for cloudy and unset
tied weather over the entire belt, eN-
cept fair in the Atlantlcs to-day. fol
lowed by general rainy spell over
the entire belt over the weekend.
The New Orleans Times Democrat
says: ION the eve Of the Bureau gin
ners' report neither talent nor trade
was in a humor TO incur fresh liability,
and a little liquidation In the absence
Of support caused moderate decline
The bear faction Is not at all conf
dent that the market will work in its
direction after the Agricultural Blu
reau's crop estimate shall have been
promulgated next month. The bull fac
ton is not at all confident the imme-
diate course Of the market will favor its
interests, Under the circumstances,
specuD tion is limited, the trade waits,
and hour to hour influence shapes the
fluctuations
"A factor Of some moment yesterday
was the belief that recent favorable
weather, which has hepled rather than
hurt the grade, was entitled to figure
as an influence in shaping New York :
grade revision, For this reason, less
drastic increase Of the discounts on the
low grades than previously expected
was looked for yesterday Beyond the
shadow Of a doubt, the market has dis
counted large ginning figures, 10 be an
nounced Friday"
A prominent local cotton man travel
ing IN Texas wires. IF Dallas terri
tory is representative Of Texas az a
whole. the State is under 1000, 900 bales
Fields are clean and gins are closing
down. From IeXarkana 10 vicinity of
Pine Bluff fields are black and picking
is finished. Pine Bluff TO Brinkley con
siderable cotton In the fields about 30
per cent, Ginn!ngs tomorrow will be
large, but Will only mlslead as to ulu-
mate yield"
It Is reported that the final estimate
Of National Gnners' report places the
amount ginned to November "A at 49,.
$4,000 bales and estimates the probs
BILE crop at l8,50O.O00 to l5.75O,0O0 bales,
exclusive Of linters.
G H. Potter says. While the mar
Set is extremely dun. there is slight
declining tendency, prObab bly, due to the
selling by some tired holders Of stocks
There is too much pessimistiC talk
and too many disquietinE rumors to
have them materialiZe, These exist
mostly In the minds Of the bearish OPP
orators and are circulated for the pur-
pose of depressing values. I have not
changed my opinion and remain con-
servatively bullish for the long pull"
National Ginners' report on ginnings
to November IA. by States, follows:
Alabama, l.1S0 600. Arkansas, $4,000;
Georgia I S32 900 Louisiana, 27G 900
Mississippi. i4S 900 North Carolina,
4g7 600. Oklahoma. SSl 600; South Caro-
lima 023 900. Tennessee. 242 900; Texas
a.23s, 900; Virginia, $4,000 Total. TO-,