Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-05
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 5.-N. l.. Carpenter
Co: J. NJ. Anderson says. '"rhe mar
ket has been featureless, both in the way
OF trading and news. Transactions have
been extremely light and the trading con-
fined to local operations. Some of those
inclined to the bull side contend that from
commercial standpoint cotton is worth
the present prices. But in the absence
of outside speculation and sentiment de-
cidedly against the market, with the spec
ulatOr taking advantage of all hard spots
to sell ii short it is hard to bring about
rally until there are further develop
ments in the new crop, and ii now looks
like waiting game for the present
Some reports are coming in to the eff
feet that preparations are well advanced
IN Texas for the new crop. Other sections
are sending i'm similar reports. All of this.
Of course, has a tendency to encoura Sc
short selling. The National GtnneTs esti-
mate the figures at 14.100000 bales in
Guiding linters, which is an increase over
with all this. the bun element con-
tends that il is only a matter of short
time when supply and demand will cause
prices to rule much higher
The selling at noon was based upon the
reports coming i'm from Texas and other
sections to the effect that crop prepara-
lions are wen advanced, some reports
from other sections, ana also In the abb
SenCe Of spot demand.
Finn sold 10000 May, which was said
to be for Wall Street
There is absolutely nothing doing in
/ cotton. Market al standstill. This
was the way j. NJ Anderson. local
broker, expressed himself of the market
today.
National Ginners' figures. issued this
morning say the commercial crop for
l912-l913 is 100000 bales.
Mitchell was apparently the best buyer
at the outset today; also Hentz bought.
The selling seemed scattered. but am
pie. enough to satisfy the demand.
Fair weather prevails throughout the
western belt.
The Democratic caucus is expected to
decide at once on the tariff plan for re-
vision
The Balkan situation is mixed. accord
ing to The sun. Madero plans new
revolt i'll Mexico.
Wilson'S inaugural message did not in
spire any active trading yesterday, but
caused discussion
Following are IL a m, bids: March
12.33, May 1903, July 1876, October l 80.
NEW ORLEANS, March Hayward
Clark The weather map is very ia
vorable. Shows fair weather over the
entire belt. except little cloudy ON At
lantic coast and in North Carolina. No
precipitation except light sprindes scat
tered over northeastern quarter and in
Atlantic coast towns Indications are for
continued fair and warmer.
Liverpool cables: american, middling
fair 7.$9d good middling 7.O5d; mid
ding 6,sSd: low middling 665d; good or
binary 6.$1d; ordinary, 597d.'
ing gin machinery just returned from
Texas says crop preparations far advanced
over central. southern and eastern part
Of the state. Great areas of land are
plowed and temper is to plant heavily.
Talking 100000 bales. Memphis CAPT
talist Just returned from Brownsville dis
trict. SAYS corn up, and cotton being
planted on increased acreage. There is
a good stock in the country warehouses
throughout the state
The New Orleans Times Democrat says:
| During the early session the cotton
market yesterday marked time while the
talent awaited the presidents first mes
sage. During the late session the cotton
market marked time while the talent di-
gested the new presidents first message.
ION the whole, the message inspired &C
tive discussion rather than active trading,
and It passed into history as factor
of no immediate influence on cotton mar
ket affairs SCalperS dominated the con-
tract market as they have done during
some days past, and spot owners dOm1-
mated the actual cotton division, as they
have done all season.
! Sales of the actual were made 10 Eu-
/ rope ut above future parity A prom
| Use of unsettled weather marred the sim
| pie JOY of selling contracts at discounts
under spot. Another cut III ocean freight
! rates to Mediterranean ports passed al
| most unnoticed. Bearish patience or bull
| isl caution held the attention of men
! on fence. meanwhile the talent pins its
! faith to the final ginners' report on March
! 20. as a price moving factor. and com
mission merchants generally depend upon
| that document to pull the market out OF
ators TO buy and sell the commodity.
THE season Is yet early and bad
weather need alarm no one
| Following are 10 a. m. bids: March
! 1929 May 1924. July 1924, October 1l57.
Estimated receipts for Thursday: .
1913 1912. 1911.
| New Orleans .... $500 to $500 1921
/ Galveston .......l0,0G0 to 1000 5,445