Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-20
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 20-N L. Car
penter Il Co.: j. NJ. Anderson says.
/ The ginning report was about as expect
linters, and fell fiat upon the market.
Later in the session McFadden and spot
brokers' were moderate buyers. with Wall
Street brokers selling, also some selling
by Riordan and others, which cotton was
taken by Waters, Hubbard and Mitchell.
: Owing TO three days holidays traders do
not care TO make any new commitments
/ hence we look for little or no change in
prices for the day
What few bulls there are. argue that
! Wall Street traders generally are too
pessimlstic and a big short interest eX-
lists which, with the combination of good
trade demand and just a little bad wealth
er, would cause covering.
Warehouse stocks in New York to-day
115, 100; certifCated 90. 239
Memphis wires: '.Bearish sentiment
seems intensified since ginners report
but market is still in rut. Only possible
/ in large number linters at 5000 bales
which correspondiugly cuts down spinna-
bic cotton. Heavy weight of bales does
something 10 onset this. Severe cold
wave coming, which will probably pre-
vent important rainfall in western and
central districts"
We have the following from Lucama, ~
! c: Farm work badly delayed owing
| TO the continued rain, which will leave
the soil in bad condition for the ensuing
crop. Still raining See no prospects
| for better conditions soon
Ginnings for season are on basis of
counting round bales as halves and in
! Clude linterS.
! The crowd construed the glnnings re-
| port as bear1Sh and sold freely.
Schll was az good trader on the call
| McFadden interests and Hubbard were
! the principal buyers throughout the day.
| During the forenoon very little cotton was
| for sale
At noon Mitchell. Waters and Hubbard
| We're supporting the market, but the ring
| =.
Futures and spots in Liverpool remained
steady during the early session, but later
sold off on freer offerings from American
There was good buying today from
! local shorts, who were afraid to carry
| over any. great amount of short lines.
Following are II a. m bids: March,
| l2.24; May, 1.SS; July, 11S2; October,
NEW ORLEANS. March 2O.-Hayward
/ & Clark: The weather map shows partly
| cloudy to fair weather in the western haif
| of the belt; practically no rain; cloudy in
| eastern half; general precipitation, but
mostly light, except at Mobile and Allan
| tic Gulf districts, where it was heavier.
Indications are for cloudy to rainy wealth
/ er in the belt, followed by clearing and
colder in western and central belt Sat
! Cold wave warnings have been sent
out for Oklahoma. Texas panhandle and
! Arkansas; temperature will fall 30 de-
/ gTeeS or more within the next "A hours to
! several degrees below freezing Thursday
night.
! Spots here reported neglected and
easier; more desire to sell
/ Liverpool cables: American middlng
/ fair, 747d; good middling, 713d, middling
| 6.9ld; low middling, 6.T3d; good ordinary,
6.39d; ordinary, 6.05d'
! The New Orleans Times Democrat says:
/ on the eve Of the census bureaus final
/ bulletin, showing ginnings, additions from
/ the growth of 1912, conflicting price max
| ing factors neutralized each other, and
yesterdays cotton market passed into his
| tory as dun and unimpOrtant affair
! To-day the census bureau will relate
| some important history to an eXpeCtant
| and more or less mixed cotton trade. As
/ a rule, the talent looks for IA 900 900
| bales, but there are some students of the
| market who look for 1880, 900 and some
! who look for less than 1900. 600 No
| matter what the figures may prove TO be.
/ large crop people will add a round sum
| for good measure, and the small crop peo-
| pie will add very small sum In either
| case the wish will he father to the de-
duction, and invention win be the mother
! OF the result, since no man even now can
| know within an important range just
| what the final Outturn viii show In this
| connection the experience in other years
! is interesting, though the gnners this
! year may come closer 10 the yield than
! previously, then again it may not"
! Estimated receipts for Friday:
1913 1912
! New orleans. ........ 800 TO 2,l00 SSH
| Galveston ............ $500 to z, 500 9,O6S