Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-07
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. March IN. l.. Carpen-
ter x Co. NJ. Anderson says: THE
opening of the market was quiet with
transactions light. During the first haas
hour. however, there was several good
selling orders in the market coming from
brokers who sometimes represent some
of the larger interests here. However
the cotton sold was said 10 be for specu
lative account
Later in the day the selling started
again and at the moment there seems to
be very little cotton wanted. Many op-
orators about the floor, some of whom are
| visitors from the South, at present are
/ free in expressing the belief that May
| contracts Will sell at II cents in a very
short time unless something unforeseen
| happens to prevent There are very few
| bullish expressions heard.
Have heard OF several good sales Of
spot cotton yesterday but there has been
no news of Importance in this line today
Howard Wilson bid 1l.S0 for 10000 July.
raymond Iynchon bought the market on
scale down. The ring crowd were good
sellers.
Liverpool cables: American forward
ed 1853 bales; total, SLABS; American
decrease. p 900 bales"
Warehouse stocks in New York today.
Ii t,@o3; CertiiiCated, $40.
| p to Wednesday there has been 10000
/ bales delivered on March contracts.
!
month yet this year.
The New York Commercial says:
-. j. watson. president of the southern
| cotton congress, has sent a warning to
cotton farmers throughout the South not
70 plant a record crop of cotton this year,
I but try to keep up a high stand price for
the staple by planting a certain percent
age. of their land in corn and other food
stuffs. This warning is taken as con-
| firmation of the growing impression that
a record acreage will be put in cotton this
Black and shearson bought March.
! Mitchell sold. Hentz. Wilson, Schill, Rich
and Montgomery bought May. Gumoens.
Mitchell and Slack sold March. Orvis,
! Finn bought July. Henta Watkins.
| Gumoens, Virgins, McElroy and Mayes
sold \. Rothschild and Norden bought
After the call McElroy, Hartcorn,
| Boyce, Slack and Hooper We're leading
| buyers: Mayes, Norden, Mitchell, Wat
| kinS, Hentz BaShford. ShearSOn, Wig
gins, Hopkins and Dwight were leading
| sellers.
Hooper bought 5000 July from Mitchell,
| which was said to be a Liverpool house.
Sentiment continues bearish with the
majority inclined to sell on all hard spots.
| There is no evident support from the bull
| forces. There was good selling on crop
preparations
/ The Journal of Commerce says; THE
| ather in the main was favorable Field
: work is being vigorously pushed Rapid
| progress mas Deen maze, II IS stated our
ing the last few weeks in Mississippi,
| Arkansas and Tennessee, with the soil in
| good shape North Carolina dispatches
! stated that more field work has been done
! in that state and in other Atlantic states
| thus far than was done up to April 10 last
| year Augusta, Ga, advices state that
! crop preparations are four to six weeks
| ahead of last year, adding, however that
/ last year they were very backward.
! Some advces say that in Georgia field
work is fully up to normal
Fort Worth, Tex, wires: Crop prep
9rations hardly up to normal; whole west
! all declines"
Liverpool cables: Market steady, but
! less continental demand"
FolloWing are II m bids; March
! l2.23, May 1l.90, July 11S4, October 11.44.
! NEW ORLEANS, March 7.-lIayward &
| Clark Washington weather bureau an
nounced yesterday over Texas and the
western portion OF the cotton belt good
rains, which put the soil in excellent con
ditiOn.
Possibly some light precepita zion in the
western half of the belt.
! Spots neglected. Lower to sell to affect
! any business at all
| ConsOls broke I'd over night; now tbs
| lowest in years.
Liverpool cables: American middline
fair 737d, good middling 7.03d middline
6.Sld, low middling $500, good ordinary
6.29d, ordinary 595d
/ Official cotton weights at the close OF
Fe6 3 iast 6et sa 525 agsn
52S.8S; Louisiana 5@G.07, against 527.10;
Alabama 533.51. against 52S AS Georgia
! 507.44 against SLIP; South Carolina A,
/ against +95, North Carolina 49S against
490; Virginia 492. against 49O; Tennessee
| 525.17 against 526 II: Memphis 535.97,
| against $500.
The New Orleans Times Democrat says:
! Sober second thought convinced the tai
| ent that a lower premium for staple
| cotton and some easness in the market
! for tinges and stains do not necessarily
! constitute an inherently weak spot mar
/ l5et situation and the declining tendency
in the contract market was apparently
arrested at 12.15 for May in New Orleans.
THE weather was good, demand was
/ limited, and bears were as bearish at
| heart as ever They made much Of a
London cable reporting an urgent Ger
man demand for gold, and talked great
deal about military expansion in both
! France and Germany as a warlike prep
aration. Bulls, on the other hand, said
white cotton. while in only limited de
mand. is becoming more and more diff
] icuit to obtain, and that to them the
position of the seller Of contracts at dis
! counts seems more and more untenable
Meanwhile the market continues in a rut.
Following are 10 a. IN. bids; March
12.17. May 1910. July laos. october II Al.
| Estimated receipts for saturday:
New Orleans ......3,2O0 to $500 4,571