Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-11-15
NEWS AND GOSSIP
Of the FIeecy Staple

NEW YORK, Nov. in L. CARPENTER
Co: Liverpool was weak this morn
ing, but our market did not follow the
decline. Spot interests seemed to want
me offerings around the opening and the
ring crowd looked to be short.
Inc large spot interests were evidently
the leading BUYERS, and it is believed the
waldorf crowd covered lot of shorts to-
DAY, some going long. While there has
been some let-up in the spot demand. the
demand for desirable cotton is still good
and the white cotton hard to buy
by states: 07'l''''' '0
North Carolina, 975, 900; South Carolina
9.sGo' 96 w; Georgia, I,S750O0; Ala bama, l.
23999S'ooSS 0 Mississippi LEO 600 Louisiana
600, Total estimate. 1885, 900 bales.
q, spot interests have bought cotton heav-
ny throughout the day; also the South
Henry Crews & Co. are firmly sticking
TO their estimate that the crop will be in
excess of $4,000, 900 bales.
Mills in many sections of the belt are
only running one day week
Inc recent advance of about ITO points
IS sun puzzle to many. as the main
facts are hidden to many
The sudden drop yesterday was a heavy
today
The advance today came more sudden
Traders are crying for their cotton back
they so freely sold yesterday
The bearish estimate of Neil Bros, of
London. was somewhat ignored by the
New York SPECTATORS.
Browne, Drakeford & Co, Liverpool.
cable: continental unloading continues
The Journal of Commerce says Weld &
Co. sold $4,000; Hutton q Co, 80, 00O bales
Yesterday: Waldorf crowd also sold
Mctadden, Mitchell and Waters were
the principal buyers today. The ring
crowd sold heavily early
Dallas wires: Texas generally clear:
Amarillo, 80. Oklahoma, generally clear
and cold, frost at Chandler, Houston and
Following are II a m. bids: December.
LBS; January, HI; March. 1L91; MAY,
NEW ORLEANS, Nov. 14.-Hayward &
Clark: The weather map shows perfect
wea Their; fair in entire belt. except cloudy
on Atlantic coast. Only few light scat
tered sprinkles in eastern states. Indi-
cations are for fair and warmer generally
1t was reported that Pell & Co. would
come out this afternoon with their crop
estimate. Spots here are dull and lower
to sell.
Nell Bros, of London, estimate the crop
at IA 100000 bales
Liverpool cables: Liquidation on NielPs
bearish circular; continent ~"lling, more
hedge selling"
The New Orleans Times Democrat says:
With the spot situation easier as rule
the bullish argument lacks the force that
every bale offered, as was the case re-
Gently. The missionary work being done
on the bull side by leading New York in
terests accentuated this phase Of the sit
uation yesterday, and made professional
traders somewhat suspicious of the mo-
tive for such a friendly interest in the
staple just at this particular time Re
actionsts, who had been preaching their
creed from the housetops of the market
lately, found their faith justified when at
the extreme decline yesterday prices were
practically 80 points down from the top
notch of the recent advance. These reac-
tons in many instances were conserva-
tive bulls who thought that the advance
had been too rapid and had gone too far.
considering the unsettled state Of Euro
pean politics and the continued movement
of the crop They sold out near the top
and now that practically half a cent de-
cline has taken place, some are inclined
to replace their contracts
Following are 10 a. m bids: December
1871; January, l1.95; March, 12.09; May,
1919.
Estimated receipts Friday:
1912. 1871
New Orleans ...'.... IA 900 to Ii, 900 25S7
Galveston .,........ 10000 to 10000 19,199