Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-04
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March An. L. Carpen-
ter x Co: J. NJ. Anderson says: THE
principal feature of the market today has
been the early buying of March by brok-
ers who usually represent spot interests.
Later the same brokers supported July.
The selling has been very much scat
tered. Memphis reports good spot de
mand with best demand for "Stains" with
some staple; white cotton hard to sell
Stocks in factors hands $4,000 more than
IasI year; al territory carrying large
Jack Hartcorn was principal buyer to-
Gay ana has been steady buyer of
March all the morning. Later he began
to buy July This buying was the prin-
cipal feature of the market, which cotton
Is SAID to be for Craig. Other leading
buyers were Mitchell, Wilson and Morri-
son. The selling was rather scattered
NO special aggressive buying The mar
ket continues very steady and loks as if
this class of buying may carry it some
hlgher but at noon prices were around
the opening"
Warehouse stocks in New York today.
ll7,722; certificated, 1888 SOL
J. NJ: Anderson says: Sentiment con-
tinues bearish. Still there there are some
very conservative operators who believe
we should have an upturn from present
prices one of the reasons is that tt ere
Is a speculative short interest existing aud
spot continues firm with fair demand and
weather conditions not good at moment.
However outside speculation continues
very light and we may expect narrow
market until further developments in the
new crop and assurance of better condi-
tons abroad
New York Commercial says: Sentiment
IN the local trade has Veered around to
the bull side"
on the call Rothschild bought March;
Schill, Story and Mitchell sold; Shearson,
Royce, Wilson and Hentz sold; Allen,
Hagedorn Mitchell, Finn and Wilson
bought July, Clifford, Gearing, Beardsley
and Riordan sold.
After the can Hapadorn NIcL,nea,.
MITCHELL McGhee, Hentz. Clifford. Bash
ford, Fttzgibbon, Riordan were leading
buyers. Mitchell and Riordan possibly
best BUYERS, while Finn, shearson and
montgomery apparently largest sellers.
FoHowing are II a. m. bids: March
IL 80 ~, May Gp l2O3 July Zoo October lbs
Clark; The weather map very favorable;
fair in west; cloudy in central and east
ern states. No precipitation anywhere in
belt; only little mist at Memphis In
dications are for continued partly cloudy
to fair; no rain, except possibly little in
north Arkansas and Tennessee mountains
Liverpool cables: American middling
fair 42d good 1middling 70Sd middling
6.86d; low middling 6.6Sd; good ordinary
sad; ordinary GOOD
Switzerland reports that Italy has
Joined the other European powers in
making military preparations and in
creasing the army All important rail-
road passages to France and via Switzer-
land have been heavily mined.
Spots very dull really lower to sell if
business wanted.
Very little cotton for sale; strict mid
ding selling at 1925 cents: stock in this
territory about 5 to 20 per cent less
IMAM last year and in good, strong hands.
The New Orleans Times Democrat
says: orthodox bears, disappointed
again and again by the failure of the
market to slump to the neighborhood, of
10 cents, have learned the lesson of pa
thence. Orthodox bulls, whose greatest
asset is spot strength and whose great
est concern is present scant demand for
the actual have in the main stepped
aside. This leaves the cotton market to
the tender mercy of the dealer who cares
nothing for the ultimate course of values
so long as he can guess the near future
fluctuations,
Under such conditions contract trad
ing often reflects the presence of influ-
ences not at all in evidence in the spot
division, consequently particular adjust
ment sometimes comes suddenly and
with impelling force, without, however
necessarily bringing to light any new in
| t1uence of wide scope. Yesterday mid
| ding spots were quoted at l212c in New
| Orleans as against 1850 one year ago
| From this comparison the constitutional
| bear leads himself to believe that spots
must drop along wish futures to lower
| short side and sells contracts at dis
| counts under spots. But when the actual
! cotton buyer goes into the open market
and attempts to buy supplies he learns
to his Chagrin that if any concessions are
to be made by anybody he must make
them or go without cotton.
Estimated receipts for Wednesday:
New Orleans $500 to 1000 5.986