Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-11
COTTON GOSSIP

4 wire To New York News from At
lanta says. According 10 information
received here by II. ~ Randolph A de-
cision which in effect sustains the valld :
ity of the futures contract system ot
the New York Cotton Exchange was
handed down Yesterday by the United
States Circuit Court of Appeals AZ New
Orleans. The decision was entered In
the case OF Haven q Clement. 81 New
York, against y. W James Of Bakery,
Ga. on an appeal from the verdict Of
the lower court against James for Slb,-
600. The appeal vas based chiefly on a
claim that the transaction involved in
the original litigation was a deal In tl-
lures and therefore void"
Preliminary estimate by The New
York Commercial makes the acreage TO
be planted this season 3G470, 600 an in
crease Of > per cent compared with
a year ago. North Carolina Will de-
cline 5 per cent South Carolina I'M
changed. Georgia increase I, Alabama
increase 3. Mississippi increase 3, Louis
lana increase 3. Texas increase /. Ar
changed. Oklahoma increase 10; all 9TH
ers unchanged.
NEW ORLEANS. March IL Hay
ward & Clark. The weather map
shows cloudy over the entire belt,
and general precipitation in the
eastern portion Of Texas and central
States. mostly light so far, but still
raining. Freezing temperatures in Ok
lahoma and northwest Texas. lndica =
tions are for unsettled. rainy and colder
weather over the central and eastern
States Clearing and much colder in
the western States. southern portion.
The census consumption report is ex-
H..
larger consumption BY our mills during
February than last year.
Early reports show showing in Texas
Panhandle.
The New Orleans Times Democrat
says: The cotton market continues to
puzzle bulls and bears alike. In the
first place speculation is practically
dead though the situation is speculative
in the highest degree. Then, again. no
should be IS points higher than May in
New York since the grades and differ
ences are precisely the same in each
case. Nor is it easy to see why May
should sell at a discount from March in
New Orleans, since cotton viii be
scarcer in May than in March, if it be
scarce al all But these anomalies will
disappear one by one, as the trade deals
with the remnant. The distant months
begin TO attract the attention of oper-
ators who appreciate the advantage,
which big discounts bring the bull
There is already good deal of talk
about the backwardness Of The season
in Texas and the approach OF another
cold wave gives this talk especial point.
1t is also said that an unusual acreage
will be sown to coarse grains thus de-
creasing the area available for cotton.
But apart from such considerations.
there Is sufficient food for thought in
the mere fact that the seed good. bad
and Indifferent is not yet in the ground,
though the hypothetical product is Of
fered by the underwriters at a discount
of 125 points from the official quota
ton for middling. This anomaly will
likewise vanish in the remote future and
there is pretty sure to be some farm
work while the readjustment is in
progress.
4 large Eastern spot house says;
Few know and appreciate the steady
demand for lower grades and the large
use OF them by Southern mills Offer
ings in these qualities are getting scant-
er and some concerns think of taking
up May New York to get the cotton,