Atlanta Georgian., 1913-03-11
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March In. l.. Carpen-
ter & Co.: ]. NJ. Anderson says While
Liverpool was some to 3 points better
as It should, owing to continued selling
by the speculative interests, who have no
faith in an advance at present. The
only support apparently was short COW
er1ng and some buying by Liverpool
houses.
There has. been some selling today OF
new crop options.
today.
Some of the brokers who represent
spot interests have been fair sellers of
March and buying July
Warehouse stocks in New York today
1885 bales, certificated 91,716.
Memphis wires. There will be good
spot sales here today, but at big con-
cesSion"
The principal sellers today in New
York have been Riordan, Wilson, Shear
son and Morris, The buying during the
forenoon was scattered and looked to he
coming from shorts. The market showed
no snap and the crowd was trying to sell
on all hard spots. Hooper and Waters
We're good buyers. Hooper's buying was
said TO be Tor Liverpool. Schill was the
The ring crowd seems inclined to sell
on hard spots.
Offerings today were smaller than they
nave been for several days past.
Bull leaders were principal buyers.
Shorts were anxious and bought freely
sentiment continues bearish. Conserva- =
tive bears are inclined TO sell on all soft
spots,
The Journal of Commerce says: I'm
Texas the weather was generally warm
and clear, and crop preparations are well
advanced. From Memphis came advices
that crop preparations in the Mississippi
delta are the best for many years past
The Journal of Commerce estimates that
the extent of the short interest in the
cotton market are as high as SOC, 900 bales.
Following are IL a. m. bids: March
IL; l6, May 11,S7, July 11.s0, October IL AZ
NEW ORLEANS, March 11-Hayward
better than expected Partly cloudy to
fair in the western and central states; no
rain cloudy in the Atlantics. There was
general precipitation, but mostly very
light. There were no heavy rains except
at Jacksonville. Indications are for un-
settled and rainy weather coming on
the northwestern quarter of the belt and
in the central states tomorrow; generally
fair in the eastern states today.
London cables: THE alarming develop
ments of European ornaments and the
the possibility of war created a feeling
Liverpool cables: American middlins
fair 7.S+d. good middling I'd, low middine
SOD, middling, ,6.7Sd, good ordinary sad
ordinary 5.92d."
Local buyers report somewhat more
demand for spots, probably to fill old
March commitments
The New Orleans Times Democrat saws:
The bear contingent, which is greatly
in the majority in the cotton market, ex-
pected important assistance to reach them
from the interior spot markets yesterday,
especially from Memphis. where values
were privately reported down at least
3-l6c. Official returns showed decline
of 1-16c at Memphis, Galveston and Mo-
bile. hc down at New Orleans and Nor
folk and an advance of Lice at Dallas
while private advices from other interior
points in Texas encouraged the bulls
rather than the bears. All Of which dem
onstrated the danger OF making the wish
father to the thought
However, In the analysis, the situation
Is about as harassing for one faction as
for the other as neither seems able 10
discover a guiding light. Yesterday one
operator, who Is inclined to be bullish
said: L would buy contracts now but
for the fact that / am constantly dis
couraged by so many people who talk
against the market A few moments
later another operator who is inclined tc
be bearish put his troubles into words
thus: I would sell contracts now but foi
the fact that everybody is bearish and
the future markets are short up TO the
hilt.'"
Following are 10 q. m bids: Marcf
1924 May 1909, July 1895. October II. 45
Texas wires Galveston, San Antonio
! Austin, Dallas. all clear. Tempera tures
range from 50 to 70 degrees, including
Oklahoma"
Spot brokers say. more demand. Price.
very STEADY today
;.