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

NEW YORK, Dec. I'm. L. Carpenter
4 Co: S. Tate says: Ginning last year
a ai,, Decemoer l was 2,7S6,000 bales, ex-
eedalaslVe OF linters. which amounted to $685.
e00 bales; in 1910, the ginning after De-
GENDER l, exclusive of iinters, was E42A-
wv, Anters about 100000; therefore. on a
oasls OF the near completion of this pick
lhs ana ginning, the public Is expecting
crop estimate under $4,000, 600 bales
a. mink the report VIII simply mean
me removing Of one uncertainty and OBJ
stacle In the bull market, because with
prospects of worlds consumption of IA
/ S0U,VVo bales of American cotton, indica-
ions are that the demand for the re-
nalnoer of the crop will be sufficient to
sustain prices and even force a general
advance during the winter and spring be-
fore the new crop becomes factor.
iuhiere IS growing feeling here that
positions nave been evened up, SO that If
ngures are very buliish and the market
SHOWS a sudden advance there NAV be a
disposition to sell 1t temporarily for reac-
Trading was very light throughout the
morning session
Some OF the large spot houses bought
cotton freely and were the best BUYERS
during the entire day. There was some
local short covering The ring crowd
seemed t9 De uneasy and covered;
AT umeS the market was stagnant.
The selling was little and scattered.
Gossip among the ring crowd was some
what confused Many say the report will
show figures around 1850 600 bales,
Dallas wires: "TeXas-Generally cloudy
and cold; Is at Amarillo raining at San
Antonio, showing at Bryan. Oklahoma
Generally clear and cold"
Following are II a. m. bids: January
l2.60 March 1858, May 1855, July 265
NEW ORLEANS, Dec 12.--Hayward &
Sis,rk the weather map shows fair in
OKLAHOMA. northwest Texas, Arkansas
and North Carolina. No rain in those
states; cloudy elsewhere; general rains.
good over south Texas. Indications are
f4tr In Ahats Anl -
belt; cloudy and further showers in south
coast
Liverpool cables: Look for bureau Of
Is, 700, 600 or less"
The New Orleans Times Democrat SAYS:
smaller movement; higher and firm spot
crop guess by the government will fall
below 14,000,000 bales, linters excluded.
sent additional shorts to cover and
throughout the session the contract divi-
sion reflected great strength.
me government will estimate the
growth of 1912 in 500-pound bales. The
running bale is heavier than 500 by some
n pounds, according to Mr.. Hester's rec
ord thus far this season. Consequently,
the figures given by the department Of
agriculture today will have to be reduced
by about per cent In order to make the
figure read commercial bales" How
ever, the talent as a rule will draw no
such nice distinctions, but will ad, say
half million bales to the government
ngures, to include linters, and then, If
the interpreter be very large crop man.
he will add another half million bales
because the government underestimate
last years crop. On the other hand, the
moderate crop people who of late have
vigorously endeavored to convince the
trade that only a scant and unimportant
remnant remains unpicked in the fields on
December 1, will claim that since the gov
eminent estimate is in 500 pound bales,
the growth, in running bales, was record
ed in smaller figures, and that any crop
ff..N,
running on record proportions, is bound
to constitute a bullish condition in the
cotton market.
Estimated receipts Friday:
1912. 1911.
New Orleans 80. 1000 to 5000 1882
Galveston ...... II ,000 to 1900 Is AA9