Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-27
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. Feb. 27--N. L. Carpenter
Il Co.: John McFadden was on the floor
this morning and his brokers were leading
buyers.
Baruch Bros sold about 20 600 bales of
May and July to scattered buying
During the early forenoon Wilson, Full
down.
Mitchell continues to buy March and
whenever the market says a little, he
comes IN with buying orders This is
giving strength to the market and it looks
ike its going to higher levels.
Is there going to be a March sQueeZe?"
rms is the question that is puZzling the
trade at present, Argument is pro and
con-
Lake Bros. are said to be short fully
$4,000 bales. A drive was made at them
tuesday and they were credited with COW
erlng heavily.
The, demand for March contracts was
probably the chief factor for the upward
tendency of the market during the past
few days.
Spot. cotton shows no weakness. Re-
ports from the South say better de,
mand
The New York Commercial says: Eek
act hgures by the bureau of foreign and
domestic commerce of the exports of cot
ton during January make them S99,S95
bales, valued at $5S, 307 976, and making
the seasons total for seven months $3.50
SSS bales. This record has been exceeded
to the end of January 7,6S5.962 bales had
been exported. The value of the exports
this season is S200OO,0 900 smaller than
that of the crop for seven months in the
season, l9lO-l1. The average price Of u 4
cents compares with 9.S for January, 1872
and for the last five months the average
price for export cotton has been II cents
against 90 in 1912 and 145 in 1911"
offerings were very small today at the
outset, Mitchell was the leading buyer
Weld, Liverpool and Wall Street leading
Following are IL a m bids; March,
l2.10i May, 1905; July, 1900; October,
NEW ORLEANS. Feb. 27.-Hayward G.
Clark: The weather map shows fair in
Texas and oklahoma cloudy in central
states general rains overnight; heavy in
northeast t Texas and the central states.
fair, 7.42d; good middling, 70Sd; mid
ding, 6.sSd; low middling, 66Sd; good
ordinary, 6.34d; ordinary, Cd
Spots are quieter so far today, but
steady at quotations.
The New Orleans Times Democrat says:
An analysis of conditions in the actual
cotton market at New Orleans brings to
light some very interesting facts. In the
first place, free cotton in sufficient vol
ume is not drifting this way naturally. In
the next, comparatively small crops were
grown in Louisiana and Mississippi and
also IN those Southern states where the
greatest number of cotton mills are to
be found.
ports from the Atlantic states have forced
the Southern mills to buy more freely in
New Orleans territory and even in dis
tant Texas. Consequently, the unsold
remnant remaining available in New Or
leans is relatively small in spite of the
relatively large interior stocks. Under
these circumstances, committed mer-
chants during the past few days have,
evidently through necessity, paid very
high prices for needed supplies in New
orleans
IN co far &c tho +.oao 90, 1oor,, +to,o
is no weakness in the spot markets any
where. Overnight cotton was offered
rather freely to Europe and Europe
seemed seer ,r in no humor to buy but the
there the matter stands
Following are 10 a. m bids: March
l2 "a. May 1927. July 1928, October II SO.
Estimated receipts for Friday:
1918. 1912.
New Orleans ......5.5OO to 800 1870
Galveston .........4, 900 to 5000 1894