Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-12-17
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Dec In. l.. Carpenter
y Co: Friday, December 20, the govern
meht VIII make public its ginnings report
on ginned bales from December to 13.
Figures will be compared with II .S44. 4S2
pdies as OF December l. and 1879, 652
DaIes TO December 10 last year.
% Rbie ei zen 4 Nogelgesang, Liverpool,
cdpie Next crop near 6l2 pence; scale
up selling is profitable proposition"
Mitchell, Wilson and Hentz were among
me FIgo ieaa ding buyers todaE. shin and Nc
s Gnoy We're the leading sellers; market
steadled up after the call on buying said
TO come from big spot people.
me ring crowd hammered today,
turning against the market early, offering
The ring looks to be short and a quick
ADVANCE may be expected at any time.
. >. rate says; Think market in posi-
uon TO decline further on LIQUIDATION and
general evening up of accounts over holt
Gays There may beS some advance on
Ihe SlnnerS report Friday. Look for
lower prices after; higher prices later on -
PPiIo"he' Lraketord Co, Liverpool,
MGFadden buying"
% following are il a m bids: January,
So 81; March. l2S4 May, 12S6; July,
NEW ORLEANS, Dec. 17.-Hayward q.
ozark; Highest authority estimates East
indian crop at $4,000 over last year, and
owing 10 increased Oriental consumption
estimates the surplus available for Eu-
rope at $4,000 over last year.
me weather map shows fair in Texas,
OHahOma, Louisiana MissisSippi and Ala
bamai cloudy elsewhere; general rains in
LOUISIANA, Mississippi, north Alabama
parts or Arkansas and Tennessee; no rain
elsewhere. indications are for fair and
colder in western states; Arkansas cloudy;
showers eastern half of belt
NEW ORLEANS, Dec. 17.-Under the
impression that too many people are eX-
market backboards before Christmas q
some OF the leading bulls who have con-
Slstently adhered to the long side through -
out the fall are now preaching the logic
OF reaction; others expect the market
10 malt Tor a while, and still others seem
moved by the belief that the edge is off
ana that the long side of cotton now of
terS few, If any, substantial attractions.
Such ideas where discussed throughout
Yesterdays session and heavy selling pre-
vailed just before the New Orleans close,
Whlch broke the March position, surprised
Controlling sentiment is never segre-
gated; It moves in waves. Recently most
everybody, bull and bear alike, was bull
.Sm lor the near future. Now most opera
tors, bull and bear alike, seem to be
Sllghty bearish for the immediate future.
The spot markets of the South will, of
course, shape the future markets and the
spot markets show no sign whatever of
weakening. Meanwhile. Europe reports
treer spot offerings by the South and ship
agents report scant demand for ocean
freight room. Spot offerings in increased
volume may mean merely that current
values are proving attractive enough to
loosen up some actual cotton, and when
such selling shall have been completed
less cotton viii be for sale This sort of
thing has occurred repeatedly this season.
Following are 10 a. m. bids; January,
1893; March, 1904; May, 1903; July, 1916;
Estimated receipts for Wednesday:
New orleans. .......18 900 to to- i45oo 63.25716
Galveston ........, 2l00O to $4,000 1913