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

NEW YORK, Feb. 27-N L. Carpenter
x Co: John McFadden was on the floor
this morning and his brokers were leading
buyers
Baruch Bros. sold about 20 600 bales Of
May and July to scattered buying
During the early forenoon Wilson, Full
Ter and Shearson offered the market
Mitchell continues to buy March and
Whenever the market says little, he
comes IN with buying orders. This is
giving strength to the market and it looks
IKE its going to higher levels
is there going to be a March squeeze
rms is the question that is puzzling the
trade at present Argument is pro and
con.
10 Lake Bros. are said to be short fully
40,UOO bales. drive was made a them
tuesday and they We're credited with COW
ering heavily.
The demand for March contracts was
PROBABLY the chief factor for the upward
tendency of the market during the past
Spot cotton shows no weakness. Re
ports from the South say a better de
The New York Commercial says: CEN
act hgures by the bureau of foreign and
domestic commerce of the exports of cot
ION during January make them S99, 395
bales. valued at SOS. 1907, 976 and making
the seasons total for seven months $3.50
oSS bales. This record has been exceeded
only once in five years-last year when up
10 the end of January 1855 962 bales had
peen exported. The value of the exports
inns season is $50, 600 600 smaller than
mat OF the crop for seven months in the
season I9IO-ll. me average price of ! 2
cents compares with 9.S for January 1912,
ana Tor the last five months the avera ge
price for export cotton has been Il cents
against 80 in 1912 and 14.5 in 1911"
offerings were very small today at the
outset Mitchell was the leading buyer;
Weld, Liverpool and Wall Street leading
sellers
Following are II a. m. bids: March.
1157.
NEW ORLEANS, Feb 27.-Hayward &,
lark: The weather map shows fair in
Texas and oklahoma cloudy in central
states general rains overnight: heavy in
northeast Texas and the central states
Liverpool cables. american middling
ding. 6S8d: low middinsg, 6 $50 good
ordinary, 634d: ordinary. Cd
spots are quieter so far today, but
steady at quotations.
The New Orleans Times Democrat saws.
An analysis of conditions in the actual
cotton market at New Orleans brings to
4agnt some very interesting facts: In the
ii p place free cotton in sufficient vol
the next, comparatively small crops were
grown in Louisiana and Mississippi and
also IN those Southern states where the
greatest number of cotton mills are to
be found
This year even relatively small ex-
ports from the Atlantic states have forced
the Southern mills to buy more freely in
New Orleans territory and even in dis
tant Texas Consequently, the unsold
remnant remaining available in New Or
leans is relatively small in spite of the
relatively large interior stocks Under
these circumstances, committed mer-
chants during the past few days have,
evidently through necessity paid very
nigh prices for needed supplies in New
orleans.
In so far as the trade can learn. there
IS no weakness in the spot markets any
where Overnight cotton was offered
rather. freely TO Europe and Europe
seemed in no humor to buy, but the
South pressed no cotton for sale. and
there the matter stands
Following are 10 a. m bids: March
l2.24, May 1927. July 12.2S october 1159.
Estimated receipts for Friday:
1913. 1912.
New Orleans ......5 500 to $500 1870
Galveston 1000 to 5000 1894