Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-20
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March .O-N. L. Car
penler Co. j. NJ. Anderson says:
The ginning report was about as expect
ed except Tor the large percentage OF
linters, and fell fiat upon the market.
Later In the session MCFaddSn and spot
brokers We're moderate buyers, with Wall
Street brokers selling, also some selling
by RiorGan and others. which cotton was
taken by Waters, Hubbard and Mitchell.
Owing to three days holidays traders do
not care 10 make any new commitments.
hence we look for little OF no change in
prices for the day.
What few bulls there are, argue that
Wall Street traders generally are too
pessimlstic ana a big short interest eX-
lists which, with the combination of good
trade demand and just little bad wealth
er. would cause covering.
Warehouse stocks in New York to-day
lla,lGG- CertitCatea 80 ,234
Memphis wires: 'Bearish sentiment
seems intensified since ginners' report,
but market is still in ruL only possible
buillsh argument afforded by report lies
in large number liUterS at COS 900 bales,
which correspondingly cuts down spinna-
bic cotton. Heavy weight of bales does
something to Offset this. Severe cold
wave coming which will probably pre-
vent important rainfall in western and
central districts"
We have the following from Lucama, n
c.. Farm work badly delayed owing
to the continued rain, which viii leave
the soil in bad condition for the ensuing
crop. sim raining. See no prospects
for better conditions soon
Ginnings for season are on basis Of
counting round bales as halves and in
The crowd construed the ginnings re-
port as bearish and sold freely.
Schill was a good trader on the call
McFadden interests and Hubbard were
the principal buyers throughout the day.
During the forenoon very little cotton was
for sale.
At noon Mitchell, Waters and Hubbard
were supporting the market, but the ring
crowd continued to sell on all hard spots.
Futures and spots in Liverpool remained
| steady during the early session, but later
sold off on freer offerings from American
markets.
There was good buying today from
| local shorts. who were afraid 10 carry
over any great amount of short lines.
Following are II a. IN. bids. March,
l22i; May, lIS9; July, 1872; October,
NEW ORLEANS, March 2O.-Hayward
q Clark: The weather map shows partly
cloudy to fair weather in the western half
Of the belt; practically no rain, cloudy in
eastern half; general precipitation, but
mostly light, except at Mobile and Allan
tic Gulf districts, where it was heavier.
Indications are for cloudy to rainy wealth
er in the belt. followed by clearing and
colder in western and central belt sat
Cold wave warnings have been sent
out for oklahoma, Texas panhandle and
Arkansas; temperature viii fall 80 de-
! grees or more within the next "A hours to
! several degrees below freezing Thursday
night.
Spots here reported neglected and
easier. more desire to sell
Liverpool cables: American middling
! fair. 7.iId, good middling, 713d; midding
/ sud, low middling, 6.13d; good ordinary,
/ 6.39d; ordinary. 6.0jd.'
The New Orleans Times Democrat SAYS:
/ "on the eve of the census bureaus final
/ bulletin. showing ginnings, additions from
! the growth of 1912. conflicting pricc-mak-
( ing factors neutraliZed each other, and
/ yesterdays cotton market passed into his
! tory as a duh and unimpOrtant affair.
To-day the census bureau will relate
some important history to an eXpeCtant
! and more or less mixed cotton trade. As
a rule, the talent looks for $4,000 00C
/ bales, but there are some students of the
/ market who look for 14250 600 and some
who look for less than $4,000, 900 Nc
matter what the figures may prove to be
/ large crop people will add a round sum
/ for good measure, and the small crop peO-
1 pie will add very small sum In either
| case the wish viii be father to the de-
/ ductiOn, and invention win be the mother
/ Of the result, since no man even now car
| know within an important range JUS
] what the final OuttuTn will show. In thi,
/ connection the experience in other year;
/ is Interesting though the ginners this
/ year may come closer to the yield thar
previously. then again II may not
! Estimated receipts for Friday:
1913 1912
/ New Orleans. ........ 900 to 200 SSH
/ Galveston ............... $500 to 500 zoos