Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-22
COTTON GOSSIP

NEW YORK. Jan. = Riordan bought
5000 bales of MAY on the call Parrutt
sold him 1900, The selling vas rather
general while the buying was attributed
mainly to local professionals. Riordan
Mitchell and HeutZ continued the best
buyers on and after the call
The market looks pretty well evened
up, pending the Census report to-mor-
row. observed a conservative operator.
Spot brokers say 1900 bales were sold
yesterday after hours. Good inquiry
this morning, promising further busl
ness Interior points already report de
mand AT fun prices.
Advices from the Eastern States are
that stocks are about the same as last
year, while there IL good demand for
practically all grades at the highest
ports that demand continues good, TAX
ports that demand continues good. TAX
ing in stains as well as the white goods.
LAGRANGE, Ga. reports state that there
IS a scarcity Of white cotton IN that
territory.
According TO reports received from the
South exporters are outblddiug Ameri-
can mills for cotton This attracted con
siderable attention. as 1t disclosed
spirited competition for the actual.
Atlanta, Ga, wired T.. +. Hutton a
Co. Good demand; offerings, light,
spot basis extremely high and advanc-
ing
The cotton crop now seems TO be es-
tablished in value as next in order after
corn. SAYS "a recent issue Of The
Farmers Bulletin. The lint of this
crop in 1913, at the price of December J.,
had an estimated value of $19S, 600 600,
and this was not equaled in any former
year. 1t is l4l2 per cent above the aV-
erage OF the preceding five years. The
estimated number of bales of 800 pounds
gross weight in this crop is 13,67I000;
CONSEQUENTLY this crop has been exceed
ed IN quantity by the crops of 1911 and
1912. If the estimated value of the
cotton seed is added to that of lint, the
total farm value of this crop amounts
10 S945. 100000. an increase of 10 per
cent over the average of the previous
five years. Texas usually produces from
one-fourth to one-third the cotton crop
of the United States. The cotton crop
OF the United States in 1913 covered
36,0ll, 600 acres, it is estimated, an in
crease of per cent over l9l2.'
Well Bros. have compiled data col
lected by them of stocks of cotton at
uncountod towns, which report total
Of i9,iSS bales. against 4S,60l bales last
year and SOLOS bales two years ago.
On January the Atlantic Compress
Company taking the actual stocks in
congresses they control and actual
stocks in towns al which congresses
are located. and estimating the stocks
on plantations and in towns tributary
10 their compress centers, made the
combined stocks SOS 762 this year.
against 745,l24 last year. In the terri
tory included in this report are Eufaula.
Montgomery. Opelika, Troy and DOthan.
Ala, and Americas, Athens. Atlanta,
Augusta, Fitzgerald, Macon. Millen, Sa-
vannah. Thomasville Toccoa. Albany,
Columbus, Cordele and Dawson, Ga,
and Pensacola, Fla.
NEW ORLEANS. Jan. Hayward
Clark. The weather map shows fair
over the Western states, partly cloudy
to fair over the eastern half of the belt :;
no precipitation, except in Florida"
The New Orleans Times Democrat
says: Nobody seems pleased with the
cotton market standard middling is
scarce and high. Owners of spotted and
tlnged cotton yesterday served notice of
intention of delivering on contract be-
cause that method offered the best out =
let AS a result local spot quotations
were Influenced. Nobody claimed local
quotations for the off colored sorts and
for some of the lower grades standa rds
were wrong but many men insisted that
the quotation Of ~ cents for standard
mlddling was about quarter Of a cent
too low.
The explanation seemed to lie in the
| were traded in, and the absence o
| transactions in such grades as STANDARD
! strict low midd'ing, middling and strict
mlddllng placed the basis at disad-
| vantage when quotation reporting time
came. Meanwhile all sections advised
| the presence of good demand for the
| actual sales quotations for middlinl
| being; New Orleans. 4.030 at 10 cents
| Galveston, 2,547 at 10 LIE; Savannah
| l.60l at 1874; Memphis, 800 at 139s
Augusta, 1.7S2 at 1879
LAS against these basic quotations for
| the actual stuff New York January
| closed at 1850 These comparisons
clearly indicate that the future contract
| reflects the market for the more nu,
merous and less desirable styles of cot e
! ton, rather than the market for the
n'iddling type. Under normal conditions
the future market would reflect the
value of the basic type. but under ex =
listing conditions small standard grades
are rather severely divorced from the
contract