Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-19
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb. In L. Carpenter
&; Co. J. M. Anderson says: There was
a fair demand after the opening coming
from the larger spot interests and some
of the ring scalpers who are inclined to
the bull side. On the advance, however
Wall Street was a good seller, causing
the market to lose most of its advance
on the day.
The bulls continue to express conf
dence and advise the purchase on all soft
spots. The new crop has shown con-
siderable strength today which buying is
attributed to foreign account. Several
conservative operators advise the sale Of
old crop and purchase the new as a
straddle. Market has ruled very narrow
and dull during todays session, with very
little outside business"
on February %, all American exhanges
will he closed to business on account of
Washingtons birthday The Liverpool
cotton and London stock exchanges will
remain open for the usual session. The
February 25 (primary day..
J. p, Morgan &. Co. this morning re-
ceived cable today from Cairo, saying
Mr.. Morgan's health continued to improve.
There has been lot of bearish talk
about the dry goods trade not being as
active as in the past. Greenville. S. c.,
Several of our biggest mills have made
large sales of export goods at satisfac-
tory prices"
ing after the rally. Waters was said to
have started the advance by absorbing
large blocks of offerings, which brought
out good buying wave from many re-
liable sources.
The early buyers We're Wilson, Hicks.
Hubbard, Waters, Royce, Stack and
Hentz. Mitchell, Wenman, Bashford,
Gwathmey and Shearson were the lead
Gables were higher than due today, but
our market refused to respond to the for
| eign advance.
John McFadden and his crowd were on
the floor early and there they remained
throughout the day. 1t was said they
were quietly buying
The Journal of Commerce says: Sen
| timent in cotton is little more favorable
to the market, but still predominately
| bearish.
"There is nothing TO speculate on in
cotton goods trade, but the volume of
| business continues very steady. Jobbers
| doing a good business In weak fabrics
and retailers buy freely. Jobbers' stocks
small"
Following are II a. m, bids: March
1922; May 1906, July 1.s5, October 11.47
clark The Weather re man shows cioudy
over entire belt, scattered light rains.
Indications are for general rains in belt
and colder in northwestern quarter
Consols unchanged Prospects of a spell
| of bad weather coming on the cotton
states tonight, causing early bullish COM
ment.
Liverpool cables: Think present prices
are safe, but until outside Influences are
better see. no good reason for an ad-
vance at the moment"
| Spot market unusually dull today; so
far no demand at all. Factors willing to
| trade
| The New Orleans Times Democrat says:
| Exporters sold cotton in some volume to
| Europe at the decline Monday, and being
unable to buy in the actual stuff at a
| practical parity, bought depressed futures
as hedge Tuesday when speculative
| shorts attempted to cover, enough of them
were booked on trade hedges to make the
| process Of taking profits bit difficult.
| This in itself may not have caused yes
terday's advance, but at least 1t was a
| factor.
Liverpool opened higher, instead OF
| lower, as expected, and the American
rings took their cue therefrom. Then
came advices from abroad. reporting con-
sumption exceeding estimates and report
| ing the Swiss mills holding very linn
tied supplies Next some. Of the interior
| buy. Last, constitutional bears exhibited
| less enterprise and less confidence in the
immediate future, and So In spite of Scant
| inquiry for export room, and of bad
break in the market for barometer stocks
cotton climbed upward again, leaving In
the actual. which has been held open
in the hope of catching better terms.
| Notwithstanding yesterdays advance, flu
lures are still being traded in at discounts
under spots at a time when about the
worst the low price people could do to
the actual cotton owner was to make him
! a bit nervous and willing to follow de-
clines in part only"
Following are 10 a. m. bids: March
1928 May 1921, July 1922. October 11.51.
Estimated receipts for THURSDAY; 1919
New Orleans 49,. 1900 to $500 1882
Galveston .......9 800 to 10000 4,7S1
----------