Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-12-03
NEWS AND GOSSIP
Of the FIeeCy Staple

NEW YORK, Dec. 3-N L. Carpenter
x Co; ). Tate says: Il feel very bullish
on ultimate results and expect the world S
demand of American cotton to exceed this
years production, unless the prices go to
q prohibitive high point one of our
foreign correspondents says commitments
l4,500,o00 bales.
The spot situation in the South and
the evidence of determined holding with
the demand will shape the course OF
\. J. Buston, of Liverpool. estimates
the total commercial crop at 100000
bales.
The market. held very steady through
out the morning. session and the buying
was of d good character The market
looks as If it will go higher
Rlordan, Mitchell McFadden and Weld
brokers were the leading buyers today
After the heavy liquidation of yester-
day, there was not so much pressure
TO sell around the opening, and the buying
was of good character
Dallas wires: "'FeXaS-Generally cloudy
and cold; scattered light rains; raining
all morning San Antonio and southwest
Oklahoma-Generally cloudy and cold,
light ram at Oklahoma City, Sayre Hen
messy; frost at Chandler, Bristow and
Stroud"
Following are II a. m. bids: December
1873, January, 1853, March 1851, May
NEW ORLEANS, Dec. 3-Hayward &
Clark: The weather map shows cloudy
over the belt; general rains in southern
half and entire eastern belt. Indications
are for more general rains and continued
cloudy; little change in temperatures
Spots are dull with no pressure, how
ever, to sell.
The New Orleans Times-Democrat saws
The extent of the break in cotton values
in Yesterdays market surprised every
body, and al the close some reactionaries
turned bullish under the belief that Liv
erpool this morning would not fully re-
spond to the American weakness. Con-
sequently, should Liverpool report a full
decline another slump viii probably be
recorded on this side today, without direct
reference to the primary essentials OF
supply and requirement.
Meanwhile, the bear on cotton, as far
as possible, ignores the plentiful evil
dence of heavy consumption, and devoteS
his entire time to the discussion of the
volume of supply and of technical Condi
tons. He believes the interior has beer
specializing extensively in actual cotton
that middlemen own many bales they have
not hedged and that outsiders, who are
weak on the declining market, hold the
bulk of the long contracts that have beer
sold across the New York ring during
the recent weeks.
With this belief as a basis it is a very
easy matter to describe very bearisf
condition of affairs cottonwise The
slump in export freight room engage.
ments is made to appear as conclusive
evidence that Europe has received enough
cotton. The strength of spots in The
interior all season Is made to appear a!
t1nal proof of spot speculation The un
favorable dividend showing of the Fal
River mills is made to serve as an inde2
to poor textile trade at home. The mag
nitude of the into-sight movement is ex-
plotted solely as a pointer to the presence
of a surplus supply in the interior
Following are 10 a. m. bids December
1851, January 1851, March 12.6S, Ma!
12.76, July 1888.
Estimated receipts Wednesday:
1912 1911
New orleans ...14OOO to $4,000 S,22
Galveston .......19,50 500 to 21,500 21,11