Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-12-06
THE ATLANTA NEWS FRIDAY DECEMBER g. 1917
NEWS AND GOSSIP
OF the FIeeCy Staple

NEW YORK, Dec 5.-N s. Carpenter,
Baggot & Co: Liverpool more than met
the decline yesterday and there was con-
tinued selling on and after opening.
Shorts covered ana buying by some Of
the bulls caused a rally, which brought
out a 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
concerteGly and completely changed their
market attitude and are selling"
Paris, Texas, wires Cotton about all
out in this portion of the country, eX-
e ..p 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 a
week Some closed for season
This market is a liquidaNng one and
no one can tell just where the turn
will be.
Pearsan, Gumeens and Weld brokers
and an Clifford were the best buyers today,
Hubbard, Waters, Marsh and McGhee
were the leading sellers The market was
very quiet during the forenoon trading
with tight trading.
ket came just about as precipitant as
the upward movement recently.
he Inc coming bureau report Monday IS
99eing anticipated to be very bearish.
proXimstely 14,500, 900 bales
Liverpool is getting in its right steps
again Gales there have increased won
dertully during the past three days.
The big and old bulls have side
course.
gressiveness, as reports from over the
belt are very bullish as to the spot situa-
ton, saying the fields are almost bare of
cotton. In some sections picking and
fS ont trpl frt-
Dallas wires: Texas generally cloudy,
damp and warmer; Oklahoma, eastern,
clear balance cloudy. damp and
Following are II a. m. bids: December,
II %; January, 1884; March. 12.41; May,
NEW ORLEANS, Dec. Hayward &
Clark; The weather map shows cloudy
over entire belt, except fair in Oklahoma.
General rains throughout. except north
Texas and Oklahoma. Indications are
Oklahoma, and Arkansas. Cloudy and
raining elsewhere, followed by clearing
and colder Saturday
Consols unchanged; rentes % higher;
bullish comparisons of mill takings ex-
pected tomorrow as we compare with
$4,000 bales last year and 100000 bales
year before.
The New Orleans Times Democrat
Yesterdays. cotton market developed a
reactionary tendency, and lost rapidly.
a guess at the g1nnlngS 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
to the PRONUNCIATION of the agricultural
bureaus crop estimate next week. No
body seriously believes the government
utterance will forecast a crop in excess
of l4500. 900, linters and other additions
included, and most everybody seriously
expects actual consumption to exceed
that figure. However, prices are much
higher than they were 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 Decem-
Der, 12.41; January, 1880; March 1858;
May, SO.
Liverpool cables due tomorrow points
higher on December and 51a TO S12 points
higher on other positions.
Estimated receipts Friday:
1912. 1911.
New Orleans. ......11, 900 to II. 600 4.40i
Galveston .........21 900 to %, 500 19,94S