Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-29
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Jan. 29.-N. L. Carpenter
n Co.; The opening was quiet and the
buylns fairly good for while; However
there was no evidence of the leading hull
supporting the market and the selling
became general
Liverpool did not follow our market
after the opening, which was disappoint-
ing to the bulls Liverpool. New Orleans
and Memphis said to be sellers today.
There was constant buying yesterday
hE certain interests, which caused un-
lot of short covering.
At the moment the market seems to
he only a scalping affair. controlled en-
Oreiy by local operations.
During the forenoon trading the bull
leaders seemed to be looking on and the
bears have control Of the market.
Warehouse stocks in New York today,
10000; certifcated, 82,S97
Peace ENJOYS of Balkan allies today
presented note to the Turks breaking
Oft all relations between the delegates.
Hentz, Wilson and Rice and the ring
were general sellers throughout the day.
Very little support was rendered the
market There is no evidence of the
larger bulls buying.
Very few of the widest bulls say the
breaking of a levee along the Mississippi
would affect The size of the next crop.
The strong spot situations and con
sumption of cotton is the most essential
factor in the market at present The
bulls argue that the supply of cotton this
year would not meet the requirement and
pIlHeS VIII ultimately advance.
Pearsall says adViCeS from HaVre and
Bremen advise the purchase of October
Some think that the market will huc-
tuate between 111a and 12Ih cents and
make "A good trading market.
Attention has already been centered
upon the prospects of a new crop Some
say the acreage will be larger than this
year and another bumper crop will be
produced.
a good general demand prevailed at the
outset this morning. y number of the
larger spot interests We're the leading
buyers There was very little selling.
The ring .croWd, however sold at times,
but was limited
The opening was rather quiet. Bur
nett, Royce, Guemoens, Geer and Hart
corn We're. the best buyers. Hentz. Wig
gin, Shiffer and McEneay were the prin-
Cipal sellers.
Following are II a. m. BIDS: January.
$50 March, 1888; May, 1226;, July,
1921. October. l1.52"
NEW ORLEANS Jan. 29.-Hayward &
Clark. The weather man shows fair over
the entire belt. Indications are for fair
and warmer, except increasing cloudiness
in northern Arkansas and Tennessee.
Washington census report shows S45
OH mills returned 356,O74 bales of linters
from crop of 1912 prior to January /.
No spot demand at all 50 far today,
/ Factors are willing to trade
The New Orleans Times Democrat
says: The cotton market blows hot and
cold. The language the talent uses in
describing it is bit picturesque When
the market climbs, bears say men of
means are manipulating, and the adj
vance can only prove temporary. When
the mar llet Declines bulls say enthusiasts
are again selling the several deliveries al
discounts and will hang themselves if
given rope enough. Cnhedged spot own
ers. supremacy confident in the conviction
that every bale win he wanted await de
velopments and refuse To make couces-
sions Hedged spot owners pray for de
cllnes, in the belief that contract mar
ket dips of moment viii improve the
basis and let them out at profit
Here and there some belt banker talks
as though he would prefer liquidation of
cotton loans, but does not appear to en-
terrain intention of applying the screws
to spot owners. Scales fell on each other
and seem content. Ship owners reduce
freight rates and when demand for eX-
port cotton room fails to develop the re
duCed rates again. Students of the sta
pie and the market divide their attention
between the record of exports and the
record of spinners takngs. and usually
reach the conclusion that the talent and
the trade must soon abandon abstract ar
gumcnt and resort to an analysis Of con
crete fact as regards the relationship
| supply bears requirement.
Following are 10 a. m. bids January,
l250 March, 1910; May, 1887; July
u 43i October, It's
Estimated receipts for Thursday:
' 1913 1912
New Orleans......... 1900 to $500 500