Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-17
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Jan. 16.-N. l.. Carpenter
* Co: Selling today has come from all
seemed to be short covering. There was
fair buying by New Orleans.
To- The selling was general during the fore
moo! with little or no support Mitchell
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 at the moment.
Schult and Ray bought January; Hart
corn sold; Hentz Calm, Cone, Hicks. Jr.,
and MeGhee bought March; Riordan,
schill, Wilson ad ClearmaH sold March,
Waters, Wilson, Chairman and Schill
bought May Clifford, E X Cone, Finn
sold May Mitchell, Wilson Norden.
Finn, McGhee and Seidenberg bought
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
seasons cotton crop is practically over
and receipts at interior market points are
steadily falling off since the holidays
Barney Baruch, who recently purchased
a cotton exchange seat, is said to have
bought a lot of cotton.
There was considerable buying lately
to fix prices for spinners.
1t is said that Georgia has sowed so
per cent more grain than in ten years.
Cotton about 10 per cent short
Following are IL a. m. bids: January
lace March 1890, May 1918, July 12.12,
October Has.
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 Indications are for cloudy
and rainy weather over entire belt, ex-
Cept fair in North Carolina
Spots quieter yet some demand; hedged
cotton undertaking factors cotton.
English consols lie lower, 74H Lon
don says Balkans firm in resolve to re-
new war; only in Difference to powers they
may wait for few days with opening
hostilities This shows that yesterdays
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, ierked 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
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
dbie " 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
is against the market. The mills are in
position to wait while and the middle
man seems to have learned a lesson from
his 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
12.40 March 1888, May 1910, July 1916
October 12.49.
Estimated receipts for Friday:
1913 1919
New Orleans 2, 900 to 3 300 1O, 789
Galveston . $500 to 5000 10,7S9