Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-30
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Jan. 30---N. h. Carpenter
& Co.: There mas been no evidence of
the leading bull operators supporting the
market so far, though they continue to
express the belief that the market should
be bought on all reactions. It is only a
scalping affair, however, at the moment,
and will probably remain so for some
time, until there are further develop
ments in the new crop. Spots reported
i'll fair demand.
Wall Street said to be buyers. Wilson
and Mitchell among leading buyers.
Shorts said to be covering
Warehouse stocks in New York today,
lis, lis; eertificated, S6,S44
1t IS reported ten thousand notices out
on January. This cotton must be deliv
cred tomorrow or Saturday. 1t is said
that Craig is unloading straddles, was
the principal feature of the market today.
Liverpool cables reported a sharp up
turn in the market there just before the
opening hn . Of the New York market
Bulls were absent and the market had
but one thing to do, 'go lower"
Mitchell was good seller today.
There has been plenty of fireworks dur
ing the past two weeks in squeezing the
shorts in January.
The New York Commercial says: I'm
dertone is good and the ring inclined to
be nervous because of the way prices re-
sponded to bullish manipulation
Messrs: Brown, Drakeford & Co, Liver
pool, cable: Market has declined in con-
easier prices from the South"
HILBERT, Finley & Hood, Liverpool,
CABLE Improvement due to rumor Tur-
key conceded AdrianopIe."
Spot situation continues strong as ever;
no promise of weakness, which means
that we may expect no decline of conse-
quence
On March 20, the government will is
sue its final ginnings report of the amount
OF cotton ginned from January Is to
March 4. This report will give the total
600 600 bales
# Georgia does not raise but 1890, 900
bales Of cotton this year, which was the
best estimate given, for that year, it will
ance OF the season to not go over the es-
7S2, SIS bales.
Following are II q. m. bids: March,
1235; May, 1871; July. 1915; October,
11.46.
NEW ORLEANS, Jan. SO.--Hayward &
Clark: The weather map shows partly
cloudy to fair over the entire belt; no
precipitation. Indications are for fair in
northwestern quarter; much colder;
cloudy and rainy in central and eastern
states, followed by fair and much colder
seVerest cold wave of season over Satur-
day or Sunday.
Norden & Co. wire from New York:
Short interest largely eliminated; doubt
If rally can be sustained"
Memphis wires: "One lot of ], 900 bales
sold here last night. Look for good spot
Another wire from Memphis says:
freight agent wires will book 5000 bales
to Bremen al. As cents rate; last quota
tons were 49,
New York wires: Carpenter brokers
and Wall Street selling Liverpool buy
ing small quantities =
The New Orleans Times-Democrat
says: Spot cotton is tending higher,
while ocean freight rates are tending
lower. There is food for all sorts of
thought in such a situation Why should
actual cotton hold steady when the de-
mand for export is so small that ocean
tonnage is going begging at the cotton
ports? The bear will tell you that under
such conditions steady spot markets are
absurd and must give way. The bull will
tell you that the mills have to date alb
sorbed 100000 bales more from Ia $780,
600 bale crop than they had absorbed to
this date last year from crop of 16, 100,-
600 bales consequently the remnant
which is in strong hands, Is very easily
held this year.
Following are 10 a. m. bids: March,
Il SO; May, 1881; July, 1898; October,
Estimated receipts for Friday:
New Orleans. $50. 5000 to- to 5000 4 4s7l
Galveston ......... II 500 to 1880 14,05g