Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-14
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb 1S.-There seemed
very little cotton for sale on the opening,
when brought out higher figures than
were expected. This seemed to be an
incentive to sell after the call and those
who were buyers the early part of the
week were among the leading sellers,
causing some 10 points decline in a very
short time.
The uptown crowd and commission
houses were reported good sellers ON un-
favorable war news. The decline checked
the support from the larger spot interests
and other leading bulls
Mr. Anderson says: There is a bear
lsh feeling around the ring, and from
what l gather on the floor it is evident
the general public are against the mar
ket. The interests who are behind the
bull movement are so strong that there
is constant uneasiness among the bears
TO sell the market short Spots are re-
ported in good demand from the continent
and American mills"
Selling was general at the outset today,
but the market remained steady and Of
ferlngs were absorbed readily
Wenman sold 10000 bales of July at
l2SO and 1921 on the call The buying
continued general
Shorts We're aggressive on the decline
Liverpool continues to report cables
better than due every day.
Warehouse stocks in New York today,
III; sos; certifcated 4,442
What trading was done yesterday in
stuffed in a nutshell
The bull leaders are still in the belief
1haL cotton VIII go through the 1S-cent
level, especially new crop months.
There is plenty of cotton for sale and
close observers and shrewd traders do
not hesitate in expressing the belief that
me large bulls are feeding the market
-, Trading was light at noon today
though it has been very good all the
morning. Several ten thousand lots
McFadden interests were among lead
ing buyers: The ring is inclined to sell
on on an rallies. Commission houses were
Following are II a. m. bids: March,
y y %; May, 12.41; July, 1881; October
NEW ORLEANS, Feb. 1S.-Hayward &
Clark: The weather map is favorable
SHOWS fair in northern third of belt
cloudy IN southern two-thirds Of the belt,
put no precipitation over night except a
little in south Texas. Indications are for
partly cloudy to fair continued cold in
peIt; possibly some slight precipitation
along the gulf coast.
| 81 Export statement today is likely to show
loO,OOO bales less exports for the week
IMAM last year. Spots reported quiet I'M
changed; only few staple lots sold
me break in foreign government Sc
cuIItleS continues; consols sd lower
The New. Orleans Times Democrat
says: During October, November, De-
cember and January S26 inches Of rain
| tell In Texas, as contrasted with SO last
| season 5.U9 inches two years ago, and
| 20 inches preceding the crop of 1908 90
| IiAI 'Il6 Clpp p6Ople Ap6CL
| favorable season in the West, while the
low price people expect full acreage in
| IeXas as a result of high prices thus far
| this season. Meanwhile the conflict he
| tween steady spots and bearish sentiment
Keeps the public out of the markets and
| pears are exploiting the fact that profess
slonals alone are left to take care of the
remnant. Bulls on the other hand, assert
! that since the remnant of the old crop is
| IN no way weighing on the contract mar
| kets, the care of the same is imposing no
hardship on the professional element
Following are 10 a. m. bids: March,
l2.5!; May, 1857; July, 1850; October,
Estimated receipts for Friday:
1918 1912
New Orleans. ....... 1900 to 1900 1853
Galveston .......... 5000 to 5000 1868