Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-27
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb. 27--N. l.. Carpenter
Co: John McFadden was on the floor
this morning and his brokers were leading
buyers
Baruch Bros. sold about 10000 bales Of
May and July to scattered buying.
During the early forenoon Wilson. Full
down
Mitchell continues to buy March and
whenever the market says a little, he
GENES IN with buying orders. This is
giving strength to the market and ii looks
IKE ITS going TO higher levels.
49, is there going to be a March squeeze?"
rms IS the question that is puZzling the
trade at present Argument is pro and
con.
5V'OOO bales. A drive was made at them
ering heavily
The demand for March contracts was
pfob9hy the chief factor for the upward
few days.
Spot cotton shows no weakness Re
ports from the South say a better de-
The New York Commercial SAYS: "Ex-
act hgures by the bureau of foreign and
domestic commerce of the exports of cot
son curing January make them S99,S95
pales, valued at S5S, 307, 97S, and making
me seasons total for seven months $3.50
SSS bales. This record has been exceeded
to the end Of January 1856, 962 bales had
been exported. The value of the exports
thls season is S20,O00,000 smaller than
that OF the crop for seven months in the
season, BIOL. The average price of u 4
cents compares with 9.S for January, 1912,
ana Tor the last five months the average
price for export cotton has been 70 cents
against 9.9 in 1912 and 145 in 1911"
Offerings were very small today at the
outset. Mitchell was the leading buyer;
we'd. Liverpool and Wall Street leading
Following are II a. m. bids March,
ll22770; May, 1905; July, 1900; October,
NEW ORLEANS, Feb. 27-Hayward &
Texas and Oklahoma; cloudy in central
states; general rains overnight; heavy in
h0rjj ne5t Texas ga and The central states
fair, 7.42d; good middiing, 7OSd; MID
ding $3.50; low middling, 6.6Sd; good
ordinary, 6S4d; ordinary, Sd
spots are quieter so far today, but
steady at quotations.
The New Orleans Times Democrat says
An analysis of conditions in the actual
cotton market at New Orleans brings to
nght some very interesting facts In the
nrst place, free cotton in sufficient vol
ume is not drifting this way naturally In
the next, comparatively small crops were
grown in Louisiana and Mississippi and
also in those Southern states where the
be found
ms year even relatively small eX-
ports from the Atlantic states have forced
the Southern mills to buy more freely in
New Orleans territory and even in dis
tant Texas Consequently, the unsold
remnant remaining available in New Or
leans is relatively small in spite Of the
relatively large interior stocks Under
these circumstances, committed mer-
chants during the past few days have.
evidently through necessity, paid very
high prices for needed supplies in New
Orleans.
In so far as the trade can learn, there
IS no weakness in the spot markets any
where Overnight cotton was offered
rather freely to Europe and Europe
seemed in no humor to buy, but the
South pressed no cotton for sale, and
there the matter stands"
Following are 10 a. m. bids: March
1924, May 1927, July 1928, October 11.59.
Estimated receipts for Friday:
New Orleans ......5.5OO to 1900 1870
Galveston .........4,000 to 5000 1894