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

NEW YORK, Nov An. L. CARPENTER
a Co: Liverpool was weak this morn
ing, hut 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.
The large spot interests were evidently
the leading buyegS, and it is believed the
Waldorf crowd covered a 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
ana the white cotton hard to buy
FoHoWing shows Norden crop estimate
| by states
North Carolina. 975, 900; South Carolina.
TX I.zfo; 200; Georgia. 1875. 600; Alabama, H.
333900' cog; Mississippi, l,15O,OO0: Louisiana,
100000; Texas, 1850, 900 Oklahoma 1.150,-
600. Total estimate, IA, 1926, 600 bales
spot interests have bought cotton heaV-
ny throughout the day; also the South
! bought freely.
Henry Crews & Co. are firmly sticking
10 their estimate that the crop will be in
excess of 100000 bales
Mills in many sections OF the belt are
only running one day a week.
The recent advance of about 10 points
Is still a puzzle to many, as the main
facts are hidden to many.
me sudden drop Yesterday was heavy
today.
The advance today came more sudden
Traders are crying for their cotton back
they 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
cable: continental unloading continues. "
The journal Of Commerce says Weld ~
Co sold 25,UO0: Hutton x Co, 10000 bales
Yesterday. Waldorf crowd also sold
MCFadden, Mitchell and Waters were
the principal buyers today. The ring
crowd sold heavily early.
Dallas wires: Texas generally clear:
Amarillo, 81. Oklahoma. generally clear
and cold; frost al Chandler, Houston and
WisIren.
Following are II a. m bids: December,
LBS; January, I'D; March, 1871: May,
NEW ORLEANS, Nov 14-Hayward &
Clark: The weather map shows perfect
weather; fair in entire belt, except cloudy
on Atlantic coast, only "A few light seat
tered sprinkes in eastern states. Tndi-
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 duh and lower
Nell Bros, of London. estimate tine crop
at 1880 900 bales
Liverpool cables: Liquidation on Mel S
bearlsh circular; continent Cling, more
hedge selling.
The New Orleans Times Democrat says:
With the spot situation easier as a rule
HE bullish argument lacks the force that
every bale offered. as was the ease re-
Gently. The missionary work being done
on The bull side by leading New York in
terests acccntuated this phase of the sit
uatiou yesterday. and made professional
traders somewhat suspicious of the mo-
tive for such a friendly interest in the
staple just at this particular time. Re
aCtionists, who had been preaching their
creed from the housetops Of the market
la tely. found their faith Justified when an
the extreme decline yesterday prices We're
practically 80 points down from the top
notch Of the recent advance. These reac-
tiuns I'm many instances We're cunserva-
tive bulls who thought that the advance
had been TOO rapid and had gone too far.
considering the unsettled state OF Euro
pcan politics ana the continued movement
of the crop They sold out near The Top
and now ttat practically half cent de-
,lin" has taken place, some are inclined
to replace tueir contracts
Fu'loviuE are lH "A. u. bills. December,
: flHl; january 20, March, 1900. May,
1879
Estimated reyeuts FRIDAY.
'sI- l+lI
! N-. Dr'..u- 49, Hup goo ..1no aAi
, t.slt..IaH ....... N""I tu $4,000 l"l"