Atlanta Georgian., 1913-03-04
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March IN L. Carpen-
ter " Co: j. NJ. Anderson says: THE
been the early buying of March by broll
ers who usually represent spot interests.
Later the same brokers supported July.
The selling has been very much scat
tered. Memphis reports good spot de-
mand with best demand for stains with
some staple; white cotton hard TO sell.
Stocks in factors hands $4,000 more than
last year; all territory carrying large
stocks of cotton.
Jack Hartcorn was principal buyer to-
day and has been Il steady buyer OF
March all the morning. Later he began
to buy July. This buying was the prin
cipal feature of the market, which cotton
Is said to be for Craig. Other leading
buyers We're Mitchell, Wilson and Morri
son The selling was rather scattered.
No special aggressive buying. The mar
ket continues very steady and lolls as if
this class of buying may carry it some
higher. but at noon prices were around
Warehouse stocks in New York today
117,722; certificated, 193 SOL
j. NJ. Anderson says: Sentiment con-
tnues bearish.- Still there there are some
very conservative operators who believe
we should have an upturn from present
prices. one of the reasons Is that there
is speculative short interest existing and
spot continues firm with fair demand and
weather conditions not good at moment
However, outside speculation continues
very light and we may expect narrow
market until further developments in the
new crop and assurance of better condi-
tions abroad"
New York Commercial says: Sentiment
IN IN the local trade has veered around to
on the call Rothschild bought March :;
Schill, Story and Mitchell sold; Shearson.
Mitchell and Montgomery bought March;
Royce, Wilson and Hentz sold; Allen,
Hagedorn, Mitchell, Finn and Wilson
bought July. Clifford, Gearing. Beardsley
Af+er +ba an 1Ioe,rlor,, NJcE-,,oa,-
Mitchell, McGhee, Hent2 Clifford, Bash
ford, Fitzgibbon. Riordan were leading
buyers. Mitchell and Riordan possibly
best buyers, while Finn Shearson and
Montgomery apparently largest sellers.
Following are II a. m. bids. March
1926. May l207, July 1900, october 11.5S.
NEW ORLEANS. March Hayward &
Clark: The weather map very favorable:
fair in west; cloudy in central and east
ern states, No precipitation anywhere in
belt; only little mist at Memphis. In
to fair; no rain, except possibly a little in
north Arkansas and Tennessee mountains
Liverpool cables: American middling
fair 7.42d; good middling 7.OSd; middling
6.34d; ordinary 5000.
Switzerland reports that Italy has
Joined the other European powers in
making military preparations and in
creasing the army. All important rail-
road passages to France and via Switzer-
land have been heavily mined.
business wanted.
Very little cotton for sale; strict mid
ding selling at 1925 cents stock in this
| territory about Is to 20 per cent less
than last year and in good. strong hands.
The New Orleans Times Democrat
says: orthodox bears, disappointed
again and again by the failure of the
market to slump to the neghborhood of
I 10 cents, have learned the lesson of pa
tience. Orthodox bulls, whose greatest
asset is spot strength and whose great
| the actual have in the main stepped
aside. This leaves the cotton market to
| the tender mercy of the dealer who cares
nothing for the ultimate course of values
| so long as he can guess the near future
| fluctuations.
/ Under such conditions contract trad
| ing often reflects the presence of infiu-
| ences not at all in evidence in the spot
division, consequently particular adjust
with impelling force. without however
| necessarily bringing, to Hight any new in
! iluence of wide scope. Yesterday mid
| ding spots were quoted at 1215c in New
! Orleans as against 1850 one year ago
| From this comparison the constitutions
| bear leads himself to believe that spots
| must drop along wish futures to a lower
! level, and so he becomes a scalper ON the
| short side and sells contracts at dis
! cotton buyer goes into the open market
and attempts to buy supplies he learns
! to mis- chagrin that If any concessions are
| to be made by anybody he must make
| them or go without cotton
! Estimated reecopts for Wednesday:
New Orleans $500 to 1000 5,9Se