Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-21
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb 21.-N L. Carpenter
& Co-Mr ]. NJ. Anderson says; THE
only feature of interest in the market to-
day was the selling early by the specula-
tors and Wall Street operators. There
are reports TO the effect that there is
some weakness in spots throughout the
South. The scattered bull element seem
Disguised and out of the market, and it is
believed by some of the operators that
they have liquidated a part of their hold
ings. However, there is no evidence of
it and they still express confidence in the
bull side"
There seems to be renewed pressure
from Wall Street. Beruch Bros. were
again credited with selling. Talk of less
favorable Southern spot advices, based
partly no doubt upon Memphis wiring
that factors making concessions, but can
not sell, looks like the backbone of the
holding movement is broken here, seemed
largely responsible for increased offer
ingS.
The buying was scattered today; no
special support; the bulls seems to be dis
gusted; Shearson good seller, said to be
for Baruch Bros; Geer sold, said to be
for Waldorf crowd: Waters, Riordan and
Mitchell also constant sellers.
Warehouse stocks in New York today,
1885; certiticated, 49, $3.50.
The local crowd were good sellers dur
ing the forenoon This selling, however,
was met with considerable Foreign buy
| ing.
Liverpool cables: american forward,
69,5l5 bales; total, $3.50; American de-
creased, II $50 bales
Latest advices received by J. p. Morgan
& Co. in regard to Mr. Morgan's health
continue favorable.
The Journal of Commerce says: Job
bling trade is good in the large Eastern
markets. New York retailers operating
| on larger scale than year ago, There
are no signs of speculative purchases in
any quarter"
Hartcorn, Starr and Allen bought March
| today; Clifford, Rothschild Springs. Hub
bard Riordan sold March. Allen, Water,
| Wilson, Finn and Mitchell bought May
Fitzgibbons McElroy, Clifford, McGhee
Shearson, Hartcorn and Raft sold May;
Shearson selling said to be for Baruch;
| Robert Moore, Mohr, Hubbard, McFadden
| bought July; Riordan. PARROT and Miller
I sold July; Riordan good seller also.
Following are II a. m. bids March,
!Z.05; May, llSS; July, ll.Sl; OCTOBER
| ll.43.
| NEW ORLEANS, Feb 21.-The weather
map shows cloudy over entire belt; splen-
| dld rains in central and north Texas; none
| or very little in south Texas and central
| states; some rain in Atlantics but mostly
! light, except in coast towns, where heaV-
| Ter. Indications are for generally unset
! tied, ShoWery weather over betl.
! Liverpool cables: American middllng
| talr, 133;, good middling, 699 middllng
| go; low mtddling, 6.59 good ordinary,
90; ordinary, 59l.
Memphis wires: Factors making con-
/ eeSSionS, but there is no increase in the
| demand.
| Montgomery stock corrected by deduc-
|
Houston. Texas, wires: Some delay
! Waco territory, but more than offset by
| line season in balance of the state.
Memphis, Tenn, wires: Just talked to
| one of the largest farmers here He
| says strict low middling spotted red stains
and common river spotted cotton now SELL
| ing 12Ac This cotton was selling 1212c
when May New York was 1850 AS far
as any concessions being made ii is ridi-
| culous. He also states one factor here
with stock of 1900 bales has only 800
! bales for sale"
Augusta, Ga, wires ''Spots very
! strong at full prices. Cotton sold here to-
! day same price as when market 40 points
! higher"
| The contract market is quiet around
1912 for May up to noon.
| Port receipts are today estimated at 20,
| 600 bales, compared with 1897 bales last
week and 60,180 last year. against 2994S
bales the year before
The New Orleans Times-Democrat says:
The selling of contracts at discounts under
spots continues to be the only, open sesame
| to the conscious glory of being in the
swim and one of the elect as the prac-
! canonization that some men seem to like