Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-08
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. March IN L. Carpen-
ter e Col. Nj. Anderson says: THE
opening of the market was quiet with
transactions light. During the first half
hour, however, there was several good
selling orders in the market coming from
brokers who sometimes represent some
of the larger interests here. However,
the cotton sold was said to he for specu-
lative account
Later in the day the selling started
again and at the moment there seems to
be very little cotton wanted. Many OPP
orators about the floor, some of whom are
visitors from the South, at present are
free in expressing the belief that May
contracts will sell at IL cents in very
short time unless something unforeseen
happens to prevent. There are very few
bullish expressions heard.
Have heard of several good sales OF
spot cotton yesterday, but there has been
no news of Importance in this line today"
Howard Wilson bid II 80 for 10000 July.
Raymond Pynchon bought the market on
scale down. The ring crowd were good
sellers.
Liverpool cables: american forward
ed 1888 bales; total, S1425; American
decrease, 81 900 bales
Warehouse stocks in New York today,
III .263; certiticated, 1910.
Up to Wednesday there has been &C, 900
bales delivered on March contracts
These deliveries are the heaviest for any
month yet this year.
The New York Commercial says
Ii. J. Watson, president of the Southern
cotton congress. has sent warning t.
cotton farmers throughout the South not
TO plant record crop of cotton this year
but jry to keep up a high stand price for
the staple by planting a certain percent
age of their land in corn and other food
Stuffs., This warning Is taken as con
firmatton of the growing impression thai
record acreage will be put in cotton this
season."
Black and Shearson bought March
Mitchell sold Hentz Wilson, Schin Ricf
and Montgomery bought May. Gumoens
Mitchell and Slack sold March. Orvis
Norden,. Schiley, Wilson, Hubbard ano
Finn bought July. Henta Watkins
sold. A. Rothschild and Norden bought
October. Russell sold,
After the call McElroy, Hartcorn
Boyce, Slack and Hooper were leading
buyers. Mayes Norden, Mitchell, Wat
kins. Hentz. Bashford, Shearson, Wig
gins Hopkins and Dwight were leading
sellers
Hooper bought 5000 July from Mitchell
which was said to be a Liverpool house
Sentiment continues bearsh with tht
majority inclined to sell on all hard spots
There is no evident support from the bull
forces. There was good selling on croI
preparations
The Journal of Commerce says: "Tht
weather in the main was favorable. Fiel6
work is being vigorously pushed. Rapit
progress has been made, it is stated, dur
ing the last few weeks in Mississippi
Arkansas and Tennessee with the soil il
good shape. North Carolina dispatches
stated that more field work has been done
in that state and in other Atlantic state,
thus far than was done up to April Is las
year Augusta, Ga, advices state tina
crop preparations are four to six week.
ahead of last year. adding, however, tina
last year they We're very backward
Some advices say that in Georgia felC
! work is fully up to normal.
Fort Worth, Tex, wires: Crop prep.
arations hardly up to normal; whole ives
Texas very dry. Believe new crop buy
all declines
Liverpool cables: Market steady, bu
! less continental demand"
Following are II m BIDS; Marcel
1873 May 11.90 July 11.S4, October II A
NEW ORLEANS, March Hayward &
| Clark Washington weather bureau an
| nounCed yesterday over Texas and thu
western portion of the cotton belt 900,
rains which put the soil in excellent con
dition.
| Possibly some light precipitation in tn
western half of the belt
Spots neglected. Lower to sell to affec
| any business at all.
Consols broke I'D over night now II
! Liverpool cables: American middlin
! fair 7.37d, good middling 7.03d. middlini
6.S1d. low middling $500. good ordinar.
| 6 pad. ordinary 5.95d"
Official cotton weights at the close o
February: Average belt 1868 agains
| 519.27 last year. Texas S39 10, agains
| 52S.8S; Louisiana 52607, against 527.10
| Alabama 1881. against 52S. 45; Georgi;
| 50144, against 511.12; South Carolina Al
| against 1876: North Carolina 49S, agains
$50; Virginia 1872, against 400; Tennessee
| 525.17. against 526,17; Memphis 53597
| against 533 20
| The New orleans Times Democrat says
| Sober second thought convinced the tai
ent that a lower premium for stapl
cotton and some easiness in the marke
/ for tinges and stains do not necessaril.
! constitute an inherently weak spot mar
! ket situation and the declining tendenc,
! in the contract market was apparent,
arrested at II Is for May in New Orleans
| The weather was good. demand wa
! limited. and bears were as bearish a
| heart as ever. They made much OF
! London cable reporting an urgent Ger
man demand for gold, and talked a grea
/ deal about military expansion in bot
France ard Germany as a warlike prep
! araton. Bulls, on the other hand. sal
white cotton, while in only limited de
mand, is becoming more and more diff
ficult to obtain and that to them tn
| position Of the seller of contracts AT dis
counts seems more and more untenable
| Meanwhile the market continues in a rut
Following are 10 a. m. bids: Marc
1217, May II 10. July 1909, october Ia
Estimated receipts for saturday:
New Orleans nab 200 to 5000 457
| Galveston .........1,OOO to SOU 5,l2