Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-22
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Jan. EN-. l.. Carpenter
Il Co: The strength of Liverpool gave
encouragement to the bulls and caused
uneasiness among the bears, which
brought out buying from many sources
Brokers representing spot houses were,
however the leading buyers.
The reaction in the past few days has
caused change in sentiment. Spot people
say demand is very good. Little or no
weakness among spot holders We UNI
derstand there is fair demand from the
continent.
Shreveport. La. wires; AN exporter
by local factor. but could not buy it.
Some small lots selling, but holders as a
rule refuse to sell at decline. Stock 1000
less than last year. Good demand from
continent"
steady; no pressure to sell. Schill offer
ing, but selling very little; Mitchell also
Offering.
Bulls talking much higher prices and
Market y very cry strong .rt a' Brown, Hayne and
McFadden among buyers; selling scat
tered with Riordan, Munds, Waters, Nc
Ghee, Hicks, Norden, Hent2 Mitchell and
longs constitutes some of the selling,
Liverpool cables: Powers have reached
settlement" This should stimulate mar
ket.
If all the interests could guess the mar
ket as the Pell interests have for the
past twelve months they would undoubt
credited with buying about 700, 900 bales
at the low level last year and when prices
advanced to about 10 cents they sold and
took fancy profits and turned to the short
side.
A certain broker sent out a wire this
morning advising his friends to sell the
entire list in case March should sell at
1920 or above by tomorrow. He evidently
thinks the reaction is not over
The leading spot interests were about
the best buyers today. Shorts We're free
crowd is more bulllsh than for some time
past.
The ring crowd inclined TO sell, but spot
people absorbed offerings remarkably
Liverpool cables today we're rather
Following are Il a. m. bids: January
l2.S9; March. l2Sl; May l214; July
NEW ORLEANS, Jan. 22.-Hayward &
Clark: The weather map shows cloudy
light precipitation in Texas and Okla
homa. Indications are for cloudy, rainy
weather over the entire belt; warmer, eX-
cept in the Carolinas.
New York wires: "Pell brokers and
Weld principal buyers on opening"
Large number of cables being received
here for immediate and forward ship
ments.
Spots reported in fair demand, about
3-16 advance paid. Factors were willing
to trade.
caDle says: TURKS ceded Adrian
ople."
Memphis wires; Good inquiry, but
sellers refuse to take prices offered ask
ing prices of sellers are within a quarter
of cent of highest for season. There
would be large sales here If sellers would
meet offers. There will be fair sales here
today. Memphis stock 16S,061, against
1881 last year. Unsold stock $4,000
bales"
The New Orleans Times-Democrat says:
"On, the face of things yesterdays cotton
market seemed to reflect the presence of
large speculative short interest made
afraid of the outcome by the develop
ments of demand for the actual before the
unhedged spot owner has given up the
tight. The fact that exporters and the
Southern mills again bought contracts
suggested near exhaustion of the supply
of hedged cotton, and the ease with
which the market advanced during the
last hour suggested that the bulk of the
speculative short interest is in weaker
hands than are the hands in which the
bulk of the remnant of unhedged cotton
rests Meanwhile the fact that the trade
is buying rather than selling hedges.
Better spot markets throughout the
South has attracted attention to the alb
sence of speculative buying of contracts
during the recent sessions and at the de-
cline have reawakened interest in the
probability that the visible carry over of
American cotton from 1928 to 1894
will be no more than the carry-over from
19ll-12 to 1912-i3, or but little more than
one months supply for the spindles.
Following are 10 a. m. bids: January,
1885; March, 1890; May, 12,12; July,
u 80; October. 11.44
Estimated receipts for Thursday:
Galveston .......... $500 to $500 1852