Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-08
NEWS AND GOSSIP
OF THE FLEECY STAPLE

penter s; Co; There is very little of in
terest to give readers on the cotton mar
ket ar this time. We are drifting be
tween seasons; both factions awaiting de-
velopments which viii justify more con-
vnced opinions and some stronger movs
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
IRE, 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 SaNan-
nah, Ca. 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
l2239l; certiticated g. SEQ bales
Liverpool has been good buyer this
morning; reported spot markets higher
better demand for spots; March shorts APP
pear very nervous.
Liverpool cables: American forwarded
1880 bales; total 1851; American in
Kings into-sight figures estimated at
s50000 10 80, 1000 bales; spinners' takings
$50 600 to $40 900 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
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
a 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
Thomasville, Ga, reports that there has
Deen more work done III that section than
has been the case IN previous Januarys
in long time.
The New York Commercial says: There
is evident abroad none of the pessimism
which is obser e. BILE here and the trade is
beginning TO ba 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
spinning corporations was II per cent
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-
larly Germany and France, while re-
taxation in the monetary situation has
been helpful
Liverpool cables; American middling
fair. $50; good middling, 49, middling,
ZIG; middling. Sac; low middling, 6.76i
good ordinary, $50; ordinary, COZ,
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 GEN.
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
Sunday.
Northeast storm warning: Louisiana tC
Texas coast: Disturbance off mouth OF
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
advance in figures. VIII probably be
quoted lsc 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 ano
subtle enterprise. Even the little things
inConSequential in themselves, but sus-
ceptble of bearish Interpretation. have
been made 10 do full service as prices
! hoping influences. But the market has
shown logged resistance to further de-
clines. and has persistently refused tc
work toward the extreme low levels re-
peatedly promised by constitutional bears
THE men on the siGelines, 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 a 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 ir
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
sta tisticians are now merely reproducins
the medal of the market for the die cast
by far-sighted demand long ago"
Following are IL a. m bids: March
1888, May 12.45. July 12.47. October II IS
Estimated receipts for Saturday:
1918. 1872.