Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-12-13
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. Dec 13.-N. L. Carpenter
CO.: our opinion is unchanged. Think
yesterday report very bullish and be
lieve the world will so regard It when it
is analysed. Demand for spots and
manufactured goods is on a basis of ID
100000 bales consumption of American
COTTON. Price Of spots will dictate the
price Of futures for the balance of this
season."
McFadden, Mitchell, Cone, Gwathmey
and Waters leading buyers today.
hilbert, Finley and Hood of Liverpool
cable; Nothing offering in South.
Manchester active and large buyers Tx
pect spinners to buy for immediate pres
Browne, Drakeford & Co.. Liverpool.
caDle; Market has advanced in COnse-
quence Of nothing offering; sellers scarce. "
John j. Shute. of Liverpool, recently
returned from trip over Texas and
| OHahCma, after buying about 20 900 bales
OF Texas cotton and 10000 in Oklahoma.
He said that Texas cotton is high grade,
but is held too high, as it is 40 points
above Liverpool basis.
spot cotton failed TO follow the decline
in futures and the chief bull argument
IS that futures will have to go up to par
ity with them.
Estimate of e. f. Hutton on the com
mercal crop is u G6T coo bales as FOL
lows: Alabama / $50 900. Co., Arkansas ii2 s8 81,
GOO, Florida ,000 Georgia 1870 900,
louisiana 4l5,000, Mississippi 1880 900,
North Carolina 10000, oklahoma 1100,-
0Q0, South Carolina 1880 600, Texas 4,7S2,-
261 900
Spinners are expected to take a stand
IN me market, now that the government
report IL out OF the way.
FOLLOWING are II a. m bids January
1865; March 1918, May 1879, July 1858
october 1880.
NEW ORLEANS. Dec. 13.-The wealth
er map shows freezing in northern half
OF the belt; cloudy, rainy in southern half.
indications are for partly cloudy 10 fair
in south portion; misty in coast districts
TAR IN upper two-thirds of the belt;
warmer
The New Orleans Times Democrat SAYS:
The cotton market received the govern
ment quantitive crop guess with some re
spect and much interest. Visitors crowd
ed the exchanges and gay millinery
made the galleries a vision of kaleido-
baIes Of 800 pounds gross weight, exclu-
sive of linters and repacks, about met the
expectations Of the trade, since the mar
ket tiuctuated within narrow limits and
prices on the days trading changed but
niue. Liverpool remained inactive until
late at night, lost English points after
the bureau, and is due to advance about
3 points on the opening this morning
50 much for the estimate and its imme-
uIate results. What it means is another
matter. HencefOrth, the soft cOlOrs of
prophecy will rapidly melt into the cold
light of history, and trade conviction will
replace varied opinion under an immuta-
BILE law.
Consequently, interpretations of the bu-
reau guess, from various angles, are now
timely. In the first place, the govern
ments figure Of l3,820,0OO compares with
The, Times Democrats figure published
on December . Of 1895 900. After an
alysis one leading student of the market
announced his belief that the govern
ment guess points to a commercial crop
in commercial weights of about 49, $50
600 bales. He says: 1.-THE commercial
bales are running about per cent heavier
than the government standard practical
" as much cotton from the growth Of
1917 Will be he'd back as will come into
1911 Making the proper deductions and
additions to the bureau figure of 10 500, =
eco 500 pound bales the crop looks like
1916 900 commercial bales everything
included "
Estimated receipts for Saturday:
1912, 1911.
New orleans .....S,50O to $500 II 467