Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-07
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW ORLEANS, Feb IN. L. Car
penter & CO.: There is very little of In
terest to give readers on the cotton mar
ket al this time. We are drifting be-
tween seasons; both factions awaiting de-
velopments which will justify more con-
WINGED opinions and some stronger move
toward the confirmation of their judg-
ment.
OF course we have had temporary linn
tied declines from time TO time on any
effort at liquidation, because the market
was too narrow to Withstand the press
ure, but we think on the whole optimistic
ideas have predominated, encouraged by
reports of continued good trade conditions
kilograms today from the South re-
port better demand for spots and Savan-
man. nan, Ga. reports an advance OF IS This
is causing considerable nervousness
among local shorts, particularly those who
are short of March, as first notice day is
now only three weeks off
Warehouse stocks In New York today
122,39I; certificated 92,S05 bales.
Liverpool has been good buyer this
morning; reported spot markets higher;
better demand for spots; March shorts APP
Liverpool cables: American forwarded
1880 bales; total 1851; American in
crease 23,899 bales.
Kings into-sght figures estimated at
a20,000 to 1000 bales; spinners' takings
$50, 900 to 370 900 bales.
Liverpool was a buyer. There was con-
siderable covering of shorts. The demand
was supplied on the advance, however,
and it looked as If the larger long lines
were being reduced Press dispatches in
dicating that holy war had been de-
clared by the MoslemS attracted attention
and was emphasized by local bears as
likely to prolong unsettled European con-
ditions.
The sleeping market, which has been
witness for the past week or two, was
awakened yesterday during the last half
hour OF trading caused by the heavy buy
ing, which was said to be for Pell inter-
ests.
What the market needs worse than any
| thing else is support"
The big traders have been lurking
around almost ever since the high rec
ords we're established during the middle
of December
Thomasvile Ca, reports that there has
| been more work done in that section than
mas been the case In previous JanuaryS
| in a long time.
! The New York Commercial says: There
] Is, evident abroad none of the pessimism
| which is obser Bile here and the trade is
beginning to be impressed by the mani
| fest confidence there in the face of the
| fresh outbreak of war in the Balkans.
Reports from England point to continue
| ton of the great prosperity which the
| spinning industry enjoyed last year, when,
| according to an English cotton mill au-
thority the profit on the share capital OF
Most of the English mills have sold their
! product ahead to July. Reports from
| Manchester show that large orders have
been booked from the continent particu-
been helpful
Liverpool cables: American middling
fair, 1850; good middiing, 7.l6; .middling,
| 716; middling, 6.49; low middling, 6.76;
good ordinary. 6.36; ordinary, 500
Following are II a; m; bids; March
NEW ORLEANS. Feb. Hayward &
Clark: The weather map shows cloudy
over the entire belt. Some rain in Texas,
light sprinkle in Arkansas, none else
| where. Much cooler in northern and cen-
! trail Texas. Indications are for clearing
clod in the northwestern quarter. Rain
or snow in central states. Rain in east
ern states. Some storm along gulf coast
followed by severe cold wave clearing
| Sunday.
Northeast storm warning: Louisiana to
Rio Grande, will move eastward and cause
brisk to high northeast to north winds
Freezing nearly to coast.
Spots about lsc higher to buy on the
quoted &c higher today If futures hold
Demand small and scattered.
The New Orleans Times Democrat says
Like the proverbial worm, the spot cot
ton owner turned and had an inning Of
his own. There was not much demand
but there was enough to suggest that spot
buyers are tired of the waiting game be.
fore spot sellers had begun to feel nerv-
Gus, This being contrary to bearish ex-
pectations, the market reflected underly-
ing strength and an advancing tendency
| During weeks past the talent has been
bearish to the core. and bearish factors
have been exploited with keen vigor and
subtle enterprise. Even the little things
| inconsequential in themselves, but sus-
ceptible of bearish Interpretation, have
been made to do full service as prices
hoping influences. But the market has
shown logged resistance to further de-
clines, and has persistently refused to
work toward the extreme low levels re-
peatedly promised by constitutional bears
THE men on the sidelines. while open
to conviction in either direction not
| at all surprised over the action of the
market. He has heard all the talk about
bullish manipulation. He has heard the
ship agent complain bitterly over the alb
sence of inquiry for export freight room
] War news and lack of demand for the
! actual stuff have been served to him as
! a daily diet. But he has notes on his
| own account the persistency with which
| spinners absorb greater quantity of cot
| ton each week that the growth of 1917
| can possibly supply on the average He
has noted besides the rapid shrinkage in
/ the volume of receipts, in the stocks al
! the ports and in the supply available fol-
| export. particularly at New Orleans: and
he has reached the conclusion that the
statisticians are now merely reproducing
| the medal of the market for the die cast
by far sighted demand long ago"
| Following are Ii a. m. bids: March
| 1888. May 2.45, July 12.47 October IL SO
/ Estimated receipts for Saturday:
|