Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-20
COTTON GOSSIP

NEW YORK, Jan. 2O-The selling on
and after the call was rather general
Schill and Rice We're the principal sell
ers. Rice sales was thought to be for
some spot houses New Orleans and
Wall street bought
The market has no snap, but general
sentiment continues bullish.
New York wired New Orleans that the
selling was due chiefly in expectation
OF large ginning figures but conserva-
tive cotton men in New Orleans said
that there was no inclination there to
follow the decline as futures are too
much under spot prices and that "a, 1000
or 10000 bales more in the coming Gen
sus report means nothing.
Spot people say there is large short
interest for February March shipments
among exporters and competition to get
the stuff will put prices higher Koher.
Memphis reports that besides $500
spots sold yesterday at lsc advance.
about 1000 bales were sold after hours
yesterday at fun prices
New orleans wires Option prevails
that "A considerable short interest is in
futures and spots is hoping for a little
easiness ON the Census report in order
to cover better advantage. Spot de
mand is already showing up here to-day.
-Kofier.
Talk around the ring was that it has
become harder than ever TO ring out"
March contracts.
Fort Worth. Texas. wired Norman,
Mayer < co. recently that spots are
strong with heavy demand for all
grades. High grades advancing daily.
Can the market be bulled from this
level? Bulls think it can he. especially
as they are counting on some 500, 600
bales of very low grade cotton in ad-
dtion to about 100000 to 100000 bales
of linters.
Austin. Texas, says: Midsummer
weather for ten days has brought out
such numbers of grasshoppers in Ham
ilton County, Central Texas, that the
State Department of Agriculture was
appealed to to-day to assist in prevent
ing these insects from ravaging crops,
The New Orleans Times Democrat
says: From consuming Centers gen
orally came evidence of character of
demand that seemed to spell higher cot
ton values in the near future. and from
centers of supply came evidence OF
hardening tendency in the spot mar
seemed to feel that the time to buy
contracts had not arrived. and lack OF
support toward the close caused the
loss of a part of the early gain,
Abroad demand for the actual is
brisk enough, while a remarkable ad-
vance in English ConsOls reflects reVl-
val of financial as well as commercial
confidence In America demand for the
better sorts of raw cotton greatly eX-
ceeds the supply and demand for the
less desirable kinds appears to be gath
ering potentialty right along. During
the fall and winter. when the tariff
and currency measures We're pending,
American cotton mills carefully avoid
ed the accumulation of stocks and
many of them actually reduced their
stocks of the manufactured products as
a measure of precaution Now these
mills report that not only are there no
cancellations but goods distributors are
urging ahead Of time deliveries.
1T is now clear that the West Will
have to overcome some important nan
dicaps before its new crop promise can
he made to appear flattering. Plow-
"g is generally backward. AS yet there
has been no weevil killing weather
Farmers on some half a million acres
are said to have lost the means of
making crop as result of floods
over a large area the seed supply is
poor. But Texas is a rich and re-
sourceful State, and may be expected
to do much to overcome these handi-
caps in the. event spring weather is at
all propitious.'
Sterrett Tate says: 81 haven't any
very strong opinion on the market
1t has gone up very much higher than
| have expected and the long interest in
the market is increasing gradually
Technically do not believe the advance
can hold, the conditions being more bull
ish than they have been earlier in the
season. 1t is possible they may put
March up little higher to attract here
to New York
Turner's ginning report by States to
January 49, North Carolina. 175 900
South Carolina, $50 900; Georgia, 2293-
600; Alabama, t,475.J00: Mississippi.
I 1853 900; Arkansas. 957, 900; Florida Sc,
600; Tennessee, 1858 900; Louisiana Az
COO; Oklahoma S2S coo; Texas, 3 1873 600:
others, 10000 United States 1856 600
bales. More than average progress has
been made in winter preparations of
land. and the presumption favors a large
in the spring. 1t is to he
and Oklahoma abundant rainfals en-
wheat planting. and it is gen
orally stated that the grain acreage is
large, which may possibly operate
against an extension of the area put to
cotton next spring in these districts
bur this territory constitutes about the
only section, which is not preparing for
a fun acreage. Exceptionally favorable !
weather was marked characteristics /
and where the ginning is light almost |