Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-12-10
NEWS AND GOSSIP
Of the FIeecy Staple

NEW YORK. Dec. 10,-N L. Carpenter
d Co.: Liverpool advance was said to be
on continental selling and American buy
ing. There was a wave of selling on
opening here from ring scalpers and Wall
Street interests
T. II. Price estimates commercial crop
Tor season at l4,500,000 bales
GO Waarehouse stocks in New York today
66, 1913, certiticated 54,630.
Weld, SChill and Hentz were good buy
ers. Wall Street, locals and Liverpool
good sellers. Business was of a small
1t is said that the ring crowd is good
and short and many expect to see the
market make a sudden leap.
Hammering by the ring crowd caused
the decline after the call.
Norden, Wilson, Pearsall and Clifford
We're the leading sellers today.
Inc Journal of Commerce says: There
was less than usual effect shown in the
government report throughout the dry
goods section"
Dallas wires: "Texas-Partly cloudy
to cloudy and cold. Oklahoma-Generally
fair to cold. "
Browne, Drakeford &, Co, Liverpool, ga
BILE: THE market has advanced in con-
sequence of nothing offering; sellers
scarce; scattered buying; also Weld buy
ing"
It is said that some mills have sold
their output to next September without
| buying the cotton to make the yarn.
George w. Neville, president of the
New York cotton exchange, gave out an
estimate on the crop at IA ,225 600 to Ia,
5eo, goo bales based chiefly on the size
G. 7. Revere estimates the crop at L.
$4,000 bales.
Thursday the government will issue its
estimate on the commercial crop.
Following are II a. m. bids: December
l221, January 1888, March 12.47, May
! 1912. July 1897.
Clark: The weather map shows fair in
Atantics, Alabama Cloudy elsewhere
No rain except sprinkle in central and
south Texas. Indica lions are for fair in
! Carolinas, cloudy and warmer elsewhere
making for rainy weather; warmer by
! Wednesday night or Thursday.
English consos sd lower at 75$d.
gined business over government bureau
Liverpool cables: Market advanced
on on +, fair spot demand light offerings and
| New York wires: Looks like good buy
ing orders under market. Weld buying
! Think will do better"
Spots dun but no pressure to sell
| Spot interests appear aslo waiting foi
government estimate to get clearer view
i of values.
The New Orleans Times Democrat says
! Ginning returns to December l of l1,S4i,-
| 600 bales fell below expectations by about
| 100000 bales and the market advanced
! little on the reading of the report
Later on liquidation of long interest was
encouraged by some of the leading bulls
whose object seems to be to clear the
way for an advance in the event the
government crop estimate IT THURSDAY
exclusive of linters and repacks. Bears
thinking they helped the bulls, get th'
weak brother out of the way by usina
the time honored argument that heavy
! bales indicate heavy yield. In this case
! however the average weight of the BAL
is 52719 pounds, against 521.3 pounds las
; year and this may be directly traceablt
to the fact that the cost of bagging ant
ties this year is SO per cent greater thar
| last year, and by the further fact that NJ
more bagging and ties are purchased t.
| cover a 7-pound bale than to cover {
! 52l-pOund bale.
The quantity of cotton ginned to De
cember l exceeds that ginned to the sam'
date in any previous year except 1911
For this reason; the big crop man feel;
greatly exceed that in 1908-l909 th'
largest crop prior to the freak yield o
| 1911.
Following are 10 a. m. bids: Januar!
1850, March 65, May 1910, July 1915.
Estimated receipts Wednesday,:
New Orleans -. 1850 to $500 1926
Galveston ...... %, 600 to "a 900 1902