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 2,736,O0O bales. ex-
eeIa1asive of linters, which amounted to $780,
00O bales; in 1910. the ginning after De-
Ceihper /, exclusive of lnters was 1,424 =
Wv, hnters about 100000; therefore, on a
oasis OF the near completion of this pick
ing and ginning, the public is expecting
a crop estimate under $4,000 600 bales.
- thlnk the report will simply mean
me removing OF one uncertainty and OBJ
stacle IN the bull market, because with
prospects OF worlds consumption of IA,
oQV,O0U bales of American cotton indica-
TONS 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.
Ihfere rs growing feeling here that
positions have been evened up, so that il
ngures are very bullish and the market
SHOWS a sudden advance, there may be a
disposition to sell it temporarily for reac-
tion"
Trading was very light throughout the
morning session.
Some of the large spot houses bought
cotton freely and were the hest buVers
during the entire day There was some
local short covering The ring crowd
seemed to be uneasy and covered
Al times the market was stagnant.
me selling was little and scattered.
Gossip among the ring crowd was some
what confused. Many say the report will
snow hgures around 1S,500,000 bales.
Dallas wires; "rexas-Generally cloudy
and cold; Is at Amarillo; raining at San
Antonlo, showing at Bryan. Oklahoma
| Generally clear and cold.'
Following are II a. m bids: January
1850, March 1858, May u S. July 1855
NEW ORLEANS Dec. 12.-Hayward &,
SIark: the weather map shows fair in
spd No2fb Texas ArkaRsss
states cloudy elsewhere; general rains,
good over south Texas. Indications are
for fair 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 S
crop guess by the government win fall
sent additional shorts to cover, and
throughout the session the contract diYi-
sion reflected great strength.
erawfb e Sc fd19 81 5o WI estimate the
running bale is heavier than 500 by some
~ pounds according to Mr. Hester's rec
ord thus far this season. Consequently
the figures given by the department of
agriculture today will have to be reduced
by about 5 per cent in order to make the
hgure read commercial bales" How
ever, the talent as a rule will draw no
such nice distinctions, but will ad. say,
a halt million bales to the government
figures, to include linters, and then, il
the interpreter be a very large crop man,
he will add another half million bales
because the government underestimate
last years crop. on the other hand, the
moderate crop people, who Of late have
vigorously endeaVored to convince the
trade that only a scant and unimportant
remnant remains unpicked in the fields on
December l, will claim that since the gov
eminent estimate Is in 500-pound bales,
the growth, in running bales was record
ed in smaller figures and that any crop
under 1880, 600 bales with consumption
running on record proportions. is bound
to constitute bullish condition in the
cotton market.
Estimated receipts Friday:
1912. 1911.
New Orleans 49,. 1000 to 5000 1852
Galveston II 900 10 Is 600 16.44g