Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-12-18
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. Dec. 1S-N L. Carpenter
& Co.; There was heavy selling at times
today which was attributed to Wall Street
and uptown interests. The leading spot
I aouses nave been buyers. Spots in good
demand at high basis As long as this
exists II 5 not likely that we win have
any serious decline
IN Warehouse stocks in New York today,
'o.41+ ceTtitCated, %, 226.
MCGhee was a good seller today. which
was said to nave been for Pell
Iarrott, Mitchell, Wilson. Hartcorn and
cone were principal buyers today Shear
son and McElroy sellers.
very little cotton was for sale during
The forenoon trading.
Mct2dden, Mitchell and Weld brokers
We're me leading buyers at noon. Moyse
was said TO have sold 10000 March con
tracts at l2.12; Mitchell and McFadden
bought 5000 each.
Pell & Co. issued a formal denial that
tney We're bears on the market saying
that they simply advise caution.
Spnners were said to have bought cot
ION Freely yesterday on the breaks.
Mitchell is sticking to his estimate that
ne, worlds taking of American cotton
VIII be about 100000 bales.
When Liverpool spot cotton was quoted
at llSd, about 10000 bales were sold.
The hrst notice day for January con-
tracts viii be Monday. December so.
Cotton merchants say 1t is very hard to
sell high grade cotton at prevailing pre-
miums, but middle and low grades are
moving remarkably We'll Along Worth
81 'tt tIlt dtuldilN Tor me cotton goods
are said 70 be much poorer than it is for
cheaper FABRICS, such as drills, sheetings
and print cloths
The Southern farmers and small mer-
chants usual sell their cotton freely to-
ward Christmas and this trade will at
tract interest
1t is believed that big spot houses stand
long about l,O00,0 900 bales of contract cot
ton by the way they have supported the
market during the past few days.
About the best argument the bears can
Norden, Hicks. Hentz, Wilson, McFad-
den, Clifford, Mohr and Hubbard were the
Leading buyers today. McGhee, Geer,
Moyse Shearrson, Rothschtld and Schill
Brown, Drakeford & Co. Liverpool,
cable: Reaction caused by reason OF
selling orders from the continent and
Following are II a. m bids: January,
1855; March, 12:74; May, 1916; July,
l2.6S October, ll92
NEW ORLEANS, Dec. tS.-Hayward &
Clark: The wea Their map shows fair in
the western half of the belt, no. rain;
cloudy in eastern half rather general; but
light precipitation over night except some
heavy rains in Tennessee mountains. In
dications are for fair and colder weather,
except in the Carolinas, where 1t is
cloudy with showers.
New Iork wires received here; Good
buying by strong interests, Think it diff
hcult to force it lower. Good trade buy
ing. also Wall. Street shorts. Expect
The New Orleans Times Democrat says:
Spot markets yesterday were generally
less steam and contracts closed at the
days low level, the accumulation of stocks
in some interior sections and the contin
ued slack demand for ocean tonnage play
ing a part in shaping professional senti
ment. The bear talent is coming to rely
on smallness of bookings to affect the
market adversely, and the moment at
least collateral developments are enCour-
aging their views. In letter to shippers
Galveston ship agent says: Get re-
fusals; the loading position of the steam
er you need can not always be found, es-
pecially so because ship agents, on aC-
count Of the lack of bookings, are not
ChaTtering steamers ahead or agreeing to
guarantee or promise owners cargoeS In
order to get liners on the BERTH
Yesterday spot men in Oklahoma re-
ported actual cotton accommodating, with
no shipping instructions attached, and
Southern spot markets, at least some of
them, gave out a little evidence showing
a slightly easier tendency. In other words,
The reactiOnary tendency Of the contract
market seems predicated on current drift
of something other than mere sentiment,
however, such drift has not yet acquired
potential force.
Following are 10 a. m. bids January,
1888; March, 1872; May, 1898; July, 1906;
october, 80.
Estimated receipts for Thursday: 49,.
New Orleans. ...... $500 to $500 1854
Galveston ......... % 500 TO 24,500 22,502