Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-12-05
NEWS AND GOSSIP
Of tire FIeeCy Staple

NEW YORK. Dec. 5.--N. S. Carpenter,
Baggot & Co: Liverpool more than met
the decline yesterday and there was con-
unued selling on and after opening,
the bulls caused a rally, which brought
out wave of selling by the ring crowd
and commission houses.
The Journal of Commerce says;
Heavy liquidation reported in cotton for
account of prominent interests. 1t is ru
mored that the Reid Moore party has
concertedly and completely changed their
market attitude and are selling.
Paris, Texas, wires: Cotton about all
out in this portion of the country ex
cept what Is tied up on railroads. Expect
This ginners report will represent nearly
entire crop in this section Some large
gins only running two or three days
Week Some closed for season
This market is a liqudatng one and
no one can tell just where the turn
will be.
Pearsan, Gumeens and Weld brokers
and Clifford We're the best buyers today.
Hubbard, Waters, Marsh and AIcGhee
were the leading sellers. The market was
very quiet during the forenoon trading
with tight trading
The reaCtiOnarY tendency of the mar
! ket came just about as precipitant as
the upward movement recently.
The coming bureau report Monday is
! being anticipated to be very beariSh.
; Some say il viii indicate a crop APP
proXimately 14,500,000 bales.
Liverpool is getting in it's right steps
again Gales there have increased Won
derfully during the past three days.
The big and old bulls have side
stepped, giving the reaction its fun
course.
Large spot houses continue their ag
gresslVeneSs, as reports from over the
! belt are very hulliSh as to the spot situa-
ton saying the fields. are almost bare Of
! cotton. In some sections picking and
ginning is entirely finished
Dallas wires: Texas generally cloudy
damp and warmer oklahoma, eastern,
clear balance cloudy, damp and
Following are Ii a m. bids: December,
i225; January, 12.34 March, 12.41; May,
NEW ORLEANS, Dec 5.-Hayward &
Ozark; The weather map shows cloudy
over entire belt, except fair in Oklahoma.
General rains throughout, except north
Texas and oklahoma. Indications are
! Tor clearing and much colder in Texas
| Oklahoma and Arkansas Cloudy and
raining elsewhere. followed by clearing
and colder Saturday.
ConsOlS unchanged: renteS 25 higher:
bulllsh comparisons of mill takngs eX-
pected tomorrow as we compare with
100000 bales last year and 100000 bales
The New Orleans Times-Democrat
says: After an early show of strength
yesterday cotton market developed a
reacuonaTE tendency. and lost rapidly.
| A guess a the ginnngs to the close of
| November. showing full figures for Geor-
gia and Texas, was given as the cause
! of the decline, but it is more than prob
able that bullish caution has prompted
! many longs to reduce their lines prior
! 70 the PRONUNCIATION of the agricultural
| bureaus crop estimate next week No
| body seriously believes the governments
utterance Will forecast a crop in excess
! Of 14,5O0,o00 linters and other additions
| included, and most everybody seriously
! expects actual consumption to exceed
that figure However, prices are much
! higher than they We're earlier in the sea-
/ son, exporters, are showing singular
apathy in the matter Of ocean freight
! room engagements, and the American
| markets have been running too close to
| Liverpool to. permit parity trading Under
Such conditions reactions downward are
! logical and to be expected
! Following are 10 a. m. bids Deem
! Der l2,4l; January 1850; March 1888;
! May. 1853.
Liverpool cables due tomorrow ? points
! higher on December and 512 to Si2 points
! higher on other positions
| Estimated receipts Friday.
1912 1911.
New Orleans. ......11. 900 to IL. 900 14.4Gi
| Galveston .........2l 600 to 23, 500 1J,94S