Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-05
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 5.-N. L. Carpenter
Co: J. M. Anderson says: The mar
ket has been featureless, both in the way
Of trading and news. Transactions have
been extremely light and. the trading CON
hned to local operations Some of those
inclined to the bull side contend that from
d commercial standpoint cotton is worth
the present prices, But in the absence
OF outside speculation and sentiment de-
cidedly against the market, with the spec
ulator taking advantage of all hard spots
to sell 1t short it is hard to bring about
rally until there are further develop
ments i'll the new crop, and 1t now looks
like waiting game for the present.
Some reports are coming In to the eff
feet that preparations are well advanced
in Texas for the new crop Other sections
are sending in similar reports. All of this,
OF course, has a tendency to encourage
short selling. The National Ginners esu-
mate the figures at 14,l00,e00 bales. in
Guiding linters which is an increase over
their former report
with all this, the bull element con
tends that it Is only a matter of short
time when supply and demand will cause
prices to rule much higher"
The selling at noon was based upon the
reports coming in from Texas and other
sections to the effect that crop prepara-
tons are well advanced, some reports
from other sections, and also in the alb
sence of spot demand
Finn sold 10000 May, which was said
to be for Wall Street
There is absolutely nothing doing in
cotton Market at standstill." This
was the way j. NJ. Anderson. a local
broker. expressed himself of the market
today
National Ginners' figures issued this
morning say the commercial crop for
l912l913 is "a, 100, 900 bales.
Mitchell was apparently the best buyer
at the outset today; also Hentz bought
The selling seemed scattered, but am
pie enough to satisfy the demand
Fair weather prevails throughout the
western belt.
The Democratic caucus is expected to
decide at once on the tariff plan for re-
vision.
Ing to The Sun Madero plans new
revolt in Mexico.
Wilson's inaugural message did not in
spire any active trading yesterday, but
Following are II a. m bids: March
2.S3, May 1908, July 1876, October 11.55
NEW ORLEANS, March Hayward
& Clark: The weather map is very, ia
vorable. Shows fair weather over the
entire belt, except little cloudy on At
lantic coast and in North Carolina. No
precipitation except light sprinkles scat
tered over northeastern quarter and in
Atlantic coast towns Indications are for
continued fair and warmer.
Liverpool cables: American. middling
fair 1880; good middling 705d mid
ding $3.50; low middling 665d; good or
binary 6.31d; ordinary $50"
Memphis wires Representative SELL
ing gin machinery just returned from
over central, southern and eastern part
Of the state. Great areas of land are
plowed and temper Is to plant heavily.
Talking 5000 600 bales. Memphis CAPT
talist Just returned from Brownsville dis
trict says corn up and cotton being
planted on increased acreage. There is
q good stock in the country warehouses
throughout the state"
The New Orleans Times Democrat says:
During the early session the cotton
market yesterday marked time while the
talent awaited the presidents first mes
sage. During the late session the cotton
market marked time while the talent di-
gested the new presidents first message.
ION the whole, the message inspired ac-
tive discussion rather than active trading
and It passed into history as a factor
of no immediate influence on cotton mar
ket affairs. Scalpers dominated the con-
tract market as they have done during
some days past. and spot owners domi-
have done all season.
SALES Of the actua\were made to Eu-
rope at above a future parity. A prom
lse of unsettled weather marred the sim
pie Joy of selling contracts at discounts
under spot Another cut IN ocean freight
rates to Mediterranean ports passed al
most unnouced Bearish patience or bull
ish caution held the attention Of men
on fence. meanwhile the talent pins its
faith to the final ginners' report on March
20. as a price moving factor, and COM
mission merchants generally depend upon
that document to pull the market out Of
a rut and recreate a desire among oper-
ators to buy and sell the commodity
weather need alarm no one
Following are 10 a. IN. bids. March
1929, May 1924, July 1924. October 1L51.
Estimated receipts for THURSDAY:
New Orleans .. $500 to $500 1921
Galveston flCl1 II 600 415