Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1916-09-26
JOHNSTON STORM co.'s COTTON LETTER

NEW YORK. Sept. 25.-Our market this morn
the report OF the Memphis CommerciaI-Appeai,
which indicated deteriors tion since last month
OF over per cent. compared with their report
After the initial buying was exhausted the
market became quiet with fluctuations within
& narrow range. The main feature at present
Is the uncertainty of what the government con-
dition and ginning figures will show on october
? From the private reports already issued
there seems 20 be a wide difference in the opin-
ion OF statisticians. and while We feel conf
Iutely inadequate to meet the demand. IL is
best TO conservatism AZ the moment. The
consistent stronghold the market. however,
confirms our hullish feeling, which is based on
strong underlying facts and we believe that con-
ditions fully warrant much higher prices. We
advise purchases around present levels
upward tendency we look for a continuation OF
support from investors. On cotton seed oil. We
advise purchases.
JOHN F. CLARK & CO.'S COTTON LETTER
NEW ORLEANS. Sept 25.-This is the last
Ssy OF toe SEPTEMBER period covered BY the the
whole IL favorable to harvesting and the
development Of late crop. but general pessi-
mism over relative crop failure, about increase
In acreage and damage by insects may find
expression in lower condition reports TO the
government.
The first private condition forecasts ap-
pesred this morning, the Memphis CONNER
cial Appeal giving condition Of 5S.3, against
G49 last month. This revived the expecta-
vate authorities during the week and Of a
bullish bureau next Monday, and together with
bullish views on the weather, led to larger
buying on the market and an advance this
morning. First trades were 10 10 points up
and the gain was increased TO 16 points
Support was more general also in Liverpool
which market gave the start by being about
points better than cue with spots . points
higher, sales 5000.
While generally fair weather prevailed over
Sunday east Of toe river. general rainfall came
on the western states and precipitation was
heavy IN parts OF Oklahoma and Texas. There
are indications Of unsettled rainy weather for
the western states western, Louisiana and west
ern Arkansas. increasing cloudiness in the CEN
trail and generally fair in the Atlantic. Tn
peratures favorable.
According 70 New York sdvices bulIish views
prevail with respect - notice day develop
ments tomorrow. The certificaied stock is
small. only Is, 600 bales. Carrying premium 3
fairly large and stock in New York is mostly
esrmarrei FOR export. so there is no chance
fo- depression bly, tenders. Also there is a be-
lief that the strike extension may be of bullish
consequences for the market by interference
with I'll handling OF cotton.
COMMERCIAL APPEALS REPORT
MEMPHIS, Sept. 25.-COmmercial Appeal re-
ports cotton condition 5S.3. Crop opening in
record manner and picking rushed. Yield is
Disappointing. Growers selling record ginnlngs
AT current prices. Very little late crop, but
late frost may augment yield along the northern
rim OF the belt. Picking completed in portions
OF boil weevil infested sections.
Last report of season by states:
North Carolina. 63: South Carolina, 30: Geor-
gia 60: Alabama, 20; Mississippi, As; Louisiana.
CO: Texas, "a; Arkansas. 80; Tennessee, az;
Oklahoma. So.