Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-11-14
NEWS AND GOSSIP
Of the Fleecy Staple

NEW YORK, Nov. 14.-N. L. Carpenter
& Co.. Liverpool was weak this morn
ing, but our market did not follow the
decline Spot interests seemed to want
the offerings around the opening and the
ring crowd looked to be short.
Inc large spot interests were evidently
the leading buyers, and it is believed the
Waldorf crowd covered lot of shorts to-
day, some going long While there has
been some let-up in the spot demand, the
demand for desirable cotton is still good
and the white cotton hard to buy
Following shows Norden crop estimat
by states:
North Carolina, s75, 900; South Carolina.
Tx 521 SJ goo; Georgia, 1875. 600; Alabama, L.,
500, 900; Texas, 1850, 900; Oklahoma. $50, :
600. Total estimate. 14625, 900 bales.
:, spot interests have bought cotton heav-
bought freely
Henry Crews & Co are firmly sticking
70 their estimate that the crop will be in
excess of $4,000, 900 bales.
Mills in many sections of the belt are
only running one day a week.
The recent advance of about TO points
Is IS sun puzzle to many. as the main
Inc sudden drop yesterday was a heavy
blow to the bulls, but they resented it
today.
The advance today came more sudden
than the decline yesterday.
Traders are crying for their cotton back
tEey so freely sold yesterday
The beariSh estimate of Nell Bros, of
London, was somewhat ignored by the
New York spectators.
Browne, Drakeford e. Co., Liverpool
ca BILE: Continental unloading continues -
The Journal of Commerce says Weld &
Co. sold $4,000; Hutton & Co, so 900 bales
yesterday; Waldorf crowd also sold.
McFadden,, Mitchell and Waters were
the principal buyers today The ring
crowd sold heavily early
Amarillo, 49, Oklahoma, generally clear
Wistren."
Following are IL a. m. bids: December
lI5S; January, HI; March, 11.91; May
NEW ORLEANS, Nov 14-Hayward &
Clark: The weather map shows perfect
weather; fair in entire belt, except cloudy
tered sprinkles in eastern states. Indi-
cations are for fair and warmer generally
1t was reported that Pell & Co. would
come out this afternoon with their crop
estimate. Spots here are dull and lower
Nell Bros. of London, estimate the crop
p 14,500. 900 bales
Liverpool cables: Liquidation on Nlen's
bearish circular; continent e~lling; more
hedge selling"
The New Orleans Times Democrat says:
With the spot situation easier as a rule
the bulliSh argument lacks the force that
II had when there were two buyers for
every bale offered, as was the case re-
Gently. The missionary work being done
on the bull side by leading New York in
terests accentuated this phase of the sit
uation yesterday, and made professional
traders somewhat suspicious OF the mo-
tive for such friendly interest in the
staple just al this particular time. Re-
actionists, who had been preaching their
creed from the housetops of the market
lately found their faith justified when at
the extreme decline yesterday prices were
practically so points down from the top
notch of the recent advance. These reac-
tons in many instances were conserva
tive bulls who thought that the advance
had been too rapid and had gone too far
considering the unsettled state of Euro
pean politics and the continued movement
OF the crop. They sold out near the top
and now that practically half a cent de-
cline has taken place, some are inclined
TO replace their contracts
Following are 10 a. m bids. December.
ll.9l; January 1895 March, 1909 May.
1919.
Estimated receipts Friday:
1919. 1911.
New orleans ...... 900 Go M, 800 1857
Galveston .,,,+.,,,, 900 90 10000 10, 1870