Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-10
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Jan. 10.-N. l.. Carpenter
x CO.: There has undoubtedly been a
great deal of long cotton liQuidated dur
ing the past week: also short selling.
Several who have been closely Identified
with the bull forces for some time past
nave become tired OF the waiting game,
and have expressed the belief that the
market is high enough for the moment.
Win all this the market received good
support on all soft spots from strong
sources. Unless there is some weakness
in spot situation, of which there is no in
dlcation. We need fear no serious break
The worlds visible supply shows a de
crease this week of $4,000, against an in
crease last year og $4,000.
Warehouse stocks in New York today,
1927; certiticated, 81, SIS.
\ cotton exchange seat was sold here
today for the sum of $4,000 an advance
Of $3.50 over the last sale. This is within
$4,000 of the high record
Trading light at noon today Some
scattered short covering on all declines.
IT Is believed that there is a short local
interest in the market and covering will
proba bly, cause upturns.
McFadden, Hartcorn, Hubbard. Cone
a aIit Rosenberg were leading buyers;
Mitchell, Clifford, ShearSon Orvis Wilson
and Riordan were best sellers. The mar
ket was very steady; little for sale. New
orleans brokers good buyers.
sentiment continues very bearish The
ring and commission houses inclined to
sell. The renewed support from the lead
ing spot interests was the chief factor
for the upward turn in the market.
Liverpool continues to repOrl neavy
sales. For the last week this market has
reported sales about 1900 bales.
FoHowing are Il a, m. bios: January,
i ~ % March, 12.$S; May, 12.41; July,
NEW ORLEANS, Jan. 1o-Hayward &
Ozark: The weather map shows raining
IN the entire western half of the belt; pre-
half; warmer. generally. Indications are
for snow in Oklahoma western Arkansas;
colder rains throughout the rest of the
belt; warmer.
Forwardings from Liverpool to mills
TINS week. 10000 against So, 600 bales last
year; looks like large mill takings this
week around 100000 probably.
New YORK wires: Reported 10000 bales
being shipped North to the New England
states from Galveston
The New Orleans Times Democrat says:
Inc census report showing the quantity
OF cotton ginned prior to January 1. OF
1913, PSI bales in the aggregate excess of
general expectations, and in at least one
specific case exceeded the agricultural de-
partment $ estimate. From these figures
the low price big crop people drew much
encouragement had the bears asserted
mat when the January position at New
York shall have been gotten out of the
way short selling will prove more attract
i've. Students of the market are of the
opinion that the declines which have car
ried contract values to their present level
from the high level Of December 10, when
the May position at New Orleans reached
1925, have resulted almost entirely from
the liquidation of long interests They
base this opinion on the belief that spec
ulatiVe short selling has not been reported
by any large number of operators, or to
any very great extent since the middle Of
last month.
IF their belief be correct bearish &C
tlVlty OF the moment may be looked for In
the event the spot market shows further
easiness. The remnant from the growth
Of 1912 remaining to be ginned and ac-
counted for is now small enough to en-
able the talent to begin calculating more
closely on the final showing"
Following are 10 a. m. bids: January
2.56; March, 70 IS; May, ~ 81; July, IL 50;
October, Go.
Estimated receipts for Saturday:
1913. 1912
New Orleans ......,. $500 to $500 5,094
Galveston ........... 1000 to 5000 10 ABS