Atlanta Georgian., 1913-03-07
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK March IN. L. Carpen-
ter Col. NJ Anderson says: The
, opening of the market was quiet with
transactions light. During the first halls
I 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 be 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 op-
orators about the floor some of whom are
visitors from the South, at present are
free in expressing the belief that May
contracts viii sell at II 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 10,0 900 July
Raymond Pynchon bought the market on
scale down. The ring crowd We're good
Liverpool cables: american forward.
ed 1888 bales; total S1,425; American
decrease, $1,000 bales"
Warehouse stocks in New York today
117,2S3; certificated, 1910
Up to Wednesday there has been 40 900
bales delivered on March contracts.
| These deliveries are the heaviest fer any
The New York Commercial SAYS.
| 'E. J. watson, president of the Southern
cotton congress, has sent a warning to
cotton farmers throughout the South not
to plant record crop of cotton this year,
but try to keep up high stand price for
the staple by planting certain percent
age of their land in corn and other food
stuffs. This warning is taken as con-
tirmation of the growing impression that
a record acreage will be put in cotton this
season."
Black and shearson bought March.
Mitchell sold. Hentz. Wilson. Schill, Rich
and Montgomery bought May. Gumoens,
Mitchell and Slack sold March Orvis,
Gumoens, Virgins, McElroy and Mayes
sold. A. Rothschld 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 1900 July from Mitchell.
which was said to be Liverpool house.
Sentiment continues bearish with the
majority inclined to sell on all hard spots.
There is no evident support from the bull
forces. There was good selling on crop
preparations
The Journal of Commerce says: "The
weather in the main was favorable Field
work IS being vigorously pushed. Rapid
progress has been made, it is stated dur
ing the last few weeks in Mississippi,
Arkansas and Tennessee, with the soil in
good shape. North Carolina dispatches
stated that more field work has been done
in that state and in other Atlantic states
thus far than was done up to April Is last
year. Augusta, Ca, adviceS state that
crop preparations are four to six weeks
ahead of last. year, adding, however, that
last year they were very backward.
Some advices say that in Georgia field
work is fully up to normal.
Fort Worth, Tex, wires: Crop prep.
Texas very dry. Believe new @ crop buy
all declines"
Liverpool cables: Market steady, but
less continental demand
1923, May 11.90. July 1884 october IL a.
NEW ORLEANS, March Hayward &
Clark: Washington weather bureau an
nounced yesterday over Texas and the
western portion of the cotton belt good
rains. which put the soil in excellent con-
dition.
Possibly some light precipitation in the
western half of the belt
Spots neglected. Lower to sell to affect
| any business at all.
Gonsols broke I'd over night; now the
Liverpool cables. American taiddiins
fair 7.37d, good middling 7,03d, middling
$50, low middling ,e66Sd, good ordinary
Official cotton weights at the close of
| February: Average belt 1868 against
| olJ.2( last year. IeXaS &39. 10. against
52Ss8; Louisiana 526O7, against 527.10;
Alabama 1881, against 528 As; Georgia
507 A, against 511.12; South Carolina AZ,
against 495; North Carolina 498, against
490 Virginia 492, against 400; Tennessee
525.17, against 526.17; Memphis 535,s7,
against 53320.
The New Orleans Times Democrat says:
Sober second thought convinced the tall
ent that a lower premium for staple
cotton and some easiness in the market
for tinges and stains do not necessarily
constitute an inherently weak spot mar
ket situation and sthe declining tendency
in the contract market was apparently
arrested at 1915 for May in New Orleans.
"The weather was good, demand was
limited, and bears were as bearish at
heart as ever. They made much of a
London cable reporting an urgent Ger
man demand for gold, and talked a great
deal about military expansion in both
France and Germany as warlike prep
aration. Bulls, on the other hand, said
white cotton, while in only limited de-
mand, is becoming more and more DIFF
ficult to obtain. and that TO them the
position of the seller of contracts a dis
counts seems more and more untenable.
Meanwhile the market continues in a rut. "
Following are 10 a. m. bids March
1917, May 1910. July 1903, october II Al.
Estimated receipts for Saturday:
New Orleans .....3,20O to $500 4,57i
Galveston 1000 to 5000 6,12S