Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-16
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Jan. In. l.. Carpenter
y Co; Selling today has come from all
sides and only support of consequence
seemed to be short covering. There was
fair buying by New Orleans
The selling was general during the fore
noon, with little or no support. Mitchell
was among the leading sellers. Looks like
few scattered longs who bought for turn
are throwing it over.
Mitchell and McFadden buying March
and selling July. Mitchell been fair seller
of July all day. New Orleans buying.
Market steady al the moment
Schult and Ray bought January; Hart
corn Sold Hentz, Calm, Cone, Hicks, Jr.,
and MeGhee bought March; Riordan,
Schill Wilson ad Chairman sold March,
Waters, Wilson, Chairman and Schill
bought May Clifford, f. X Cone, Finn
sold May Mitchell, Wilson, Norden,
July.
Business at the opening of the cotton
market was fairly active. Short cover
ing was in evidence after the call, but
sentiment is against the market.
Liverpool cables came about as due;
later declined.
Reports from Mississippi say that this
and receipts at interior market points are
steadily falling off since the holidays.
Barney Baruch, who recently purchased
cotton exchange seat, is said to have
bought a lot of cotton.
There was considerable buying lately
10 fix prices for spinners
1t is said that Georgia has sowed 80
per cent more grain than in ten years.
cotton about 10 per cent short.
Following are IL a. m. bids: January
15.6O, March 1920 May 1918, July 1919,
October 11.45.
NEW ORLEANS, Jan 16.-Hayward &,
Clark: The weather map shows cloudy in
entire belt except fair in Alabama and
eastern Mississippi; few scattered light
showers in belt. mdica tions are for cloudy
and rainy weather over entire belt, ex-
cept fair in North Carolina.
Spots quieter yet some demand; hedged
cotton underselling factors cotton.
English ConSols l-16 lower, 747a. Lon
don says Balkans firm in resolve to re-
new war only in Difference to powers they
hostilities. This shows that yesterday s
optimistic cable from Liverpool was not
correct.
Liverpool spot house cables: This
market near bottom for present, unless
American market weakens greatly
The New Orleans Times Democrat says:
Beyond the shadow of a doubt the spot
market anchor caught the attention of
operators, jerked one speculative ship
around and headed the craft into the wind
again. Nevertheless, the talent exploited
better political news from Europe as the
check on declines, and an estimate of
consumption of 14,750,0 900 bales as a sup
porting factor. In the last analysis the
spot market is the on1y factor of poten-
TALLY at this time, The trade knows the
mills are busy and that most of them are
able to pay current values. II also knows
the talent in the main is bearish on the
price, that demand for the actual is not
very active, and that sentiment as a rule
us against the market. The mills are in
position to wait a while and the middle
man seems TO have learned lesson from
mis- experience of last year. Under the
circumstances trade opinion is not strong
in either direction. on the other hand
speculative opinion, having failed to make
an impression in behalf of the bullish
contention, has turned bearish on gem
eral principles and the trailerS in the
habit Of following the line Of least mental
resistance, have conformed
Following are 10 a. m. bids: January
1910. March 1888, May 12.40, July, Y. 40,
October 12.49
Estimated receipts for Friday:
1913. 1919.
New Orleans 1900 to $500 10. 1888
Galveston . $500 to 5000 1879