Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-26
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb 26.-N. L. Carpenter
Co NJ. Anderson says: There is
leellng around the ring among the bears
that the advance from Yesterdays low
was only a furry which will cool down
as soon as the shorts are through cover
ing. However, spots. reported in better
demand today and of course this is the
basis for buying and some of the spot
brokers are among the buyers"
- Rlordan sold about $4,000 July during
the forenoon, thought to be for Exchange
Place house; buying scattered.
Gearing good seller today. said to be
for Waldorf and the West; Mitchell was
good buyer, bidding market up.
Augusta, Ga, wires: Receipts 1856
against |, 745 bales; spots unchanged; bet
ter export demand"
The market is narrow. but took the
Selllng Wen. Liverpool reported buyer
here. Owing to improved political condi-
IONS abroad there is a better feeling in
wall Street The West and the uptown
crowd reported among the sellers during
today's session. With further improve
ment in the spot situation we look for a
substantial rally.
p PARROT bought 5000 May at noon from
Rlordan. Mitchell, Hentz and Waters
good buyers. Ring shorts look to be COW
ering.
Sentiment in the cotton market is play
ing greater part than it is entitled to.
The ring crowd were good buyers today
which gave the market a steady tone dur
ing the early trading. Wall Street We're
noticeable sellers. Geer, Wilson and
Hicks principal buyers Riordan leading
seller.
The Mexican situation in some quar-
ters Is regarded as bearsh feature
others saw in the menace of intervention
Il bulllSh card for the cotton market A
WIRE from N. Z. Blackwell, editor of The
cotton and Cotton Oil News. says that
war with Mexico of three months dura-
ton would cost Texas 1000 600 bales of
cotton from this years crop, as one-tifth
OF texas crop is raised and harvested by
MeXlcans and recruiting offices in Texas
hpGIapaH nv e. ,rY,, I,h q,
louS TO hight against Mexico
Inc New York Commercial says: "Only
passing attention was paid to press dis
patches from Washington saving that
Senator Smith, of South Carolina, would
move in the senate today to discharge
the senate committee on judiciary from
rurther consideration of the cotton flu
lures bill, which already has passed the
house, with the object of securing the
passage of the measure at this session
IN local trade circles the impression
seemed 10 prevail that even if the COM
mlttee. should be discharged from consid-
Grafton of the bill. the senators from New
York would block the bill and prevent
its passage"
Port receipts are today estimated at
1000 bales; compared with 27,201 last
week and 52,6S2 last year. against 1882
oa les, Tor the same. week in 1911.
FolloWing are II a. m bids: March
II. %. May 1906, July 1919, October II So
NEW ORLEANS, Feb 26.-Hayward &
Clark: The weather map shows cloudy
S,
west Tennessee and north Louisiana, but
precipitation light so far. Indications are
ioF more general and heavier rains in the
Delt Tor the next two days.
Good spot inquiry here, but offerings
so small that little business could be done.
Spot brokers say market sold 4 higher.
Nothing doing on Smith bill today. Sen
ate acting on department of labor bill
now. Tomorrow morning they will prob
abiy vote whether the judiciary committee
VIII be discharged. This is the committee
that has held up Smith bill.
Inc New Orleans Times Democrat
says: TUESDAYS cotton market respond
ed to natural influences. The rings were
snort and shorts were made nervous by
the character of their company Demand
for the actual began to develop in some
volume. Committed merchants, seeing
the handwriting on the wall, began paying
the market price for needed supplies. The
Mexican situation seemed to be improv-
ing. No progress was made by the anti
future people at Washington Unfavor-
able and teamwork delaying weather was
promised for the cotton belt.
Favorable reports came from the
American dry goods centers. And to top
all. rumor has it that the Balkan war
mas been terminated. European houses
bought contracts in New Orleans and in
New York and speculative shorts sought
cover on the run. Under such conditions
ana IN narrow market a sharp advance
was both logical and inevitable At the
close constitutional bulls felt better than
they nave felt at any time recently and
promptly asserted that the market should
do better now that the CHIEF causes of de-
preston seemingly are being eliminated
on the other hand the bear forces gen
orally appeared resigned if not to a turn
OF the price tide, at least to a period Of
non-success, leaving bearish exploitation
to the as vet uncovered shorts"
Following are 10 a. m bids: March
1928, May 1925. July 1921. October il 50
Estimated receipts for Thursday:
1913. 1912
New Orleans e.. 5000 to $500 1888
GalNeSton $500 10 $500 9335