Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-12-12
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Dec. IN. L. Carpenter
x Co; ). Tate says: Ginning last year
after December l was 2,7S6,000 bales, ex-
elusive of linters, which amounted to $50,
oUU nales; in 1910, the ginning after De-
cemoer /, exclusive of linters, was 1,424.-
COO, linters about 10000; therefore, on
basis OF the near completion of this pick
ing ana ginning, the public is expecting
a crop estimate under $4,000, 900 bales,
think the report will simply mean
the removing of one uncertainty and OBJ
stacle In the bull market because with
prospects of worlds consumption OF a.
100000 bales of American cotton, indica-
lions are that the demand for the re-
malnder of the crop will be sufficient to
sustain prices and even force a general
advance during the. winter and spring be-
fore the new crop becomes a factor.
There is a growing feeling here that
positions have been evened up, so that il
figures are very bullish and the market
SHOWS q sudden advance, there may be
ton"
Trading was very light throughout the
morning session.
Some of the large spot houses bought
cotton freely and were the best buyers
during the entire day. There was some
local short covering. The ring crowd
seemed to be uneasy and covered.
AT times the market was stagnant.
The selling was little and scattered
Gossip among the ring crowd was some
Some went as high as 14,50O,O00.
Dallas wires: ''Texas-Generally cloudy
and cold; Is at Amarillo: raining at Sar
Antonio showing at Bryan. Oklahoma
Generally clear and cold
Following are II a. M bids: January
NEW ORLEANS, Dec. 12.-Hayward 81
Clark: The weather map shows fair in
Oklahoma, northwest Texas, Arkansas
and North Carolina. No rain in those
good@ over south Texas. Indications are
for 'fsir and colder IN northern half of
belt; cloudy and further showers In south
ern portion; freezing probably to the
coast.
Liverpool cables; Look for bureau Of
IL. 100000 or less"
The New Orleans Times Democrat says:
Smaller movement higher and firm spot
markets and spread of belief that today
crop guess by the government will fan
sent additional shorts to cover, and
throughout the session the contract divi-
sion reflected great strength.
The government 9,a1n will estimate the
running bale Is heavier than 500 by some
/ q pounds according to Mr.. Hester's rec
ord thus far this season. Consequently,
agriculture today will have to be reduced
| by about per cent in order to make the
! ngure read commercial bales. How
ever, the talent as rule will draw no
such nice distinctions, but will ad, say,
half million bales to the government
| figures, TO include linters, and then, II
tHe interpreter De q very large crop man,
| he will add another half million bales
| because the government underestimated
last years crop. On the other hand. the
moderate crop people, who of late have
| vigorously endeavored to convince the
! trade that only Scant and unimportant
remnant remains unpicked In the fields on
December /. win claim that since the gov
eminent estimate is in 50O-pound bales,
| the growth, in running bales was record
| ed in smaller figures and that any crop
i under 1850 600 bales. with consumption
running on record proportions, is bound
| to constitute a bullish condition in the
cotton market.
| Estimated receipts Friday:
1912 1911.
New Orleans -. 1000 to 5000 1852
| Galveston ........17, 900 to $4,000 16, 449