Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-22
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Jan. en-. L. Carpenter
& Co: The strength of Liverpool gave
encouragement to the bulls and caused
uneasiness among the bears, which
brought out buying from many sources.
Brokers representing spot houses were,
however, the leading buyers.
The reaction in the past few days has
caused change in sentiment. Spot people
say demand is very good. Little or no
weakness among spot holders We un-
derstand there is fair demand from the
continent
offered II cents today for 200 bales held
by local factor, but could not buy il.
Some small lots selling, but holders as a
rule refuse to sell at decline. Stock 1000
less than last year. Good demand from
continent"
Market quiet at moment. but very
steady; no pressure to sell. Schill offer
ing, but selling very little; Mitchell also
Offering.
Bulls talking much higher prices and
looks as if we will get il.
Market very strong. Brown, Hayne and
McFadden among buyers; selling scat
tered with Riordan, Munds, Waters, Nc
Chez, Hicks, Norden, Hentz, Mitchell and
Hartcorn among sellers; profit taking by
longs constitutes some of the selling.
Liverpool cables: Powers have reached
settlement" This should stimulate mar
ket.
If all the interests could guess the mar
ket as the Pell interests have for the
past twelve months they would undoubt-
eddy be satisfied. These interests were
credited with buying about 900 bales
at the low level last year and when prices
advanced to about IS cents they sold and
took fancy profits and turned to the short
side.
A certain broker sent out a wire this
morning advising his friends to sell the
entire list in case March should sell at
1920 or above by tomorrow. He evidently
thinks the reaction is not over.
The leading spot interests were about
DuVerS TODAY Shorts free
buyers. The feeling among the local
crowd is more bullish than for some time
past
The ring crowd inclined to SELL but spot
people absorbed offerings remarkably
we'll
Liverpool cables today were rather
bullish.
Following are i a. m. bids: January,
1889; March, 1891; May, 12.14; July,
1877 October. 11.36.
NEW ORLEANS, Jan. 22.-Hayward &
Clark: The weather map shows cloudy
weather over the entire belt, with some
light precipitation in Texas and Okla
homa. Indications are for cloudy, rainy
weather over the entire belt; warmer ex-
cept in the Carolinas.
New York wires "PelI brokers and
Weld principal buyers on opening"
Large number of cables being received
here for immediate and forward ship
ments.
Spots reported in fair demand, about
$40 advance paid. Factors were willing
To trade.
\ cable says: Turks ceded Adrian
ople.'
Memphis wires Good inquiry, but
sellers refuse to take prices offered, ask
ing prices of sellers are within a quarter
of a cent of highest for season. There
would be large sales here if sellers would
meet offers There will be fair sales here
today. Memphis stock 16S,051 against
1881 last year. Cnsold stock $4,000
bales"
The New Orleans Times Democrat says:
ION the face of things yesterdays cotton
market seemed to reflect the presence OF
large speculative short interest made
afraid of the outcome by the develop
mentS of demand for the actual before the
unhedged spot owner has given up the
fight The fact that exporters and the
Southern mills again bought contracts
suggested near exhaustion of the supply
of hedged cotton, and the ease with
which the market advanced during the
last hour suggested that the bulk of the
speculative short interest is in weaker
hands than are the hands in which the
bulk of the remnant of unhedged cotton
! rests. Meanwhile the fact that the trade
is buying rather than selling hedges,
Better spot markets throughout the
South has attracted attention to the alb
sence of speculative buying of contracts
during the recent sessions and at the de
| cline, have reawakened interest in the
probability that the visible carry-over o
American cotton from 1923 to 1881
will be no more than the carry from
billie to 1878, or but little more thar
one months supply for the spindles.
Following, are 10 a. m. bids: January
12.35; March, 1870; May, 1912; July
II 80; October, 11.44.
Estimated receipts for Thursday:
1913 1912
Galveston ........... 1900 to $500 1852