Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-28
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb 2S.-N. L. Carpenter
Il Co; J. NJ Anderson says: The
feature causing covering and good buy
ing of other positions. Spot people seem
TO have March we'll in hand and there
looked TO be. a fairly large scattered short
interest which were hoping for heavy
tenders. 1t is hard to estimate just how
many notices were issued, but il is eSt
mated that there were anywhere from "a
coo to 1000.
Some of the speculative shorts have
covered today, as they were afraid Of
the strength in March. Sentiment con-
tlnues bearish around che ring. however,
ana it is not believed that the advance
will hold. and there is moderate selling
by the ring crowd on a scale-up; also by
Wall Street houses.
The weekend figures are expected to
weeks.
There is very little news in circua-
ton in regard to the spot situation
throughout the country today"
1t was reported that notices were is
sued out from about four houses,
ll9 495, certiiicated 1856.
Mctadden and Craig brokers were
among the leading buyers throughout the
day.
T. a. Johnson wires from Paris, Tex
Think ginning this county likely to show
rather large on account of large crop;
farming preparations very much delayed
Bashford, Wilson, Norden, Story Hicks
clifford and Green were the leading buy
ers after the call today Virgins. Rior-
dan, Rothschild. Watkins, Rice and Shear
son were the principal sellers.
1t was said this morning that fully 40,
0Q0 notices We're issued out by Hentz,
McFadden, Hopkins and Dwight, which
were quickly stopped by spot houses
The journal Of Commerce says; There
Is an idea that the March notices today
will eventually be stopped by Craig &
4.
New York wires: Think that the Tex
as acreage may be increased very much
through the augmentation of the labor
supply, due TO immigration from Mexico
on account of the disturbance there. Last
season everything was late il the South,
This season the acreage is expected to be
increased both east and west OF the Mis-
sippi river
The Balkan and Mexican situations
show further Improvement according to
latest news.
The larger market interests think the
market oversold and that we should have
a good reaction from present prices on
these technical speculative conditions by
a JudlclouS amount of bull1Sh activity DIS
counting the work of manipulation. But
the talent does not care to load up and
be caught with too much contract cotton
Don't worry There Is no chance of the
anti-futre trading bill being passed dur
ing this session Of congress.
Following are II a; m bids March
Clark: The weather map shows cloudy,
except fair in south Texas; very little
rain in western half of belt. but general
rains in eastern half; however, mostly
light to moderate, except heavier in Mont
gomery district. Indications are for part
ly cloudy to fair weather. except unset
tied. Snow in northwest Texas and Ok
lahoma Cold wave in eastern and south
ern Arkansas temperature will fall de-
cidedly next twenty -four to thirty six
hours
Liverpool cables: American middling,
fair, 7.45d; good middling, Lied: mid
ding $3.50: low middling, sid; good or
din2iry, 657d; ordinary 6,0$d:
1852; total 102,6o0 bales American; de-
crease 4,490 bales"
Another Liverpool cable says: Quiet
and steady market; demand for spots
continues"
Dallas wires: Demand for spots be-
coming more general at advanced prices
Recount of Bremen stock shows 9,0l9
bales; an increase in American and a
decrease of 1870 bales of other kinds.
The New Orleans Times Democrat says:
"AS forecast Wednesday, the turnover
in actual cotton was large There was no
weakness in evidence anywhere and spot
merchants expressed the opinion that all
that was needed to effect an advance was
some speculative activity. Rumor had it
that Turkey had decided to give up
Adrianople and in that way terminate
the Balkan war, and advices from Wash
ington spread the belief that the trade
need have no fear of anti future legisla-
ton at this session of congress
"Rains over the greater portion Of the
belt have further delayed crop prepare,
tons in the backward sections, but a cold
wave prediction carried with 1t a promise
of clearing weather..
70. "a, May 1894, July 1885, October 1854.
ESTIMATED receipts for Saturday:
New Orleans ...... 500 to 1000 S,2l0
Galveston ..........2,5OO to $500 1926