Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-11-14
NEWS AND GOSSIP
Of the Fleecy 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
the offerings around the opening and the
ring crowd looked to be short.
The 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
ana the white cotton hard to buy
toloWlng shows Norden crop estimate
by states:
North Carolina, $4,000; South Carolina
Ia 2f 6 300 Georgia, 1,S75,000; Alabama, H.,
590, 600; Texas, 1850, 900; Oklahoma, / $50,
600. Total estimate, IA ,625, 900 bales.
=, spot interests have bought cotton heav-
ny throughput the day. also the South
Henry Crews Co are firmly sticking
TO their estimate that the crop will be in
excess of 100000 bales.
Mills III many sections OF the belt are
only running one day week
The recent advance of about 40 points
IS still a puzzle to many, as the main
facts are hidden to many.
The sudden drop yesterday was heavy
today
The advance today came more sudden
:
-, Traders are crying for their cotton back
they so freely sold yesterday.
The bearish estimate of Mel 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 q
Co. sold $4,000; Hutton & Co, so, 900 bales
yesterday Waldorf crowd also sold
McFadden, Mitchell and Waters were
the principal buyers today. The ring
snl hon Slxr ~Ix
Dallas wires: Texas generally clear:
Amarillo, 50. Oklahoma, generally clear
and cold; frost at Chandler, Houston and
Following are II a. m bids: December,
LIS; January, Ill; March, 1871; May,
Clark: The weather map shows perfect
weather; fair in entire belt, except cloudy
on Atlantic coast. Only q few light scat
tered sprinllles in eastern states. Indi-
cations are for fair and warmer generally
II was reported that Pel & 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 800 900 bales
Liverpool cables: Liquidation on Neil r
bearish circular continent "olling; more
hedge selling"
The New Orleans Times Democrat says:
With the spot situation easier as u rule
the hullish argument lacks the force that
IL mao NHbu lileIH were lMo buyers lNl
every bale offered. as was the case re-
Gently The missionary work being done
on the bull side by leading New York In
terests accumulated this phase of the sit
uation yesterday, and made professional
traders somewhat suspicious of the mo-
tive for such a friendly interest I'm the
staple just at this particular time Re-
actionists, who had been preaching their
creed from the housetops Of the market
Ia tely found their faith justified when AZ
the extreme decline yesterday prices were
practically 80 points down from the top
notch Of the recent advance. These reac-
lions 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
tu replace their contracts
Following are 20 "a. m. bids December
u.el, january Lbs; March, 1909 May
I9tp.
Estimated receipts Friday
19lg ielI
Sew orleans GOO go 81. coo Ms. $50
g.lN afol ....,. 0H0 To- 80 Oen NJ, IU.