Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-31
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Jan. S1.-The New York
Commercial says: Many thousands Of
and made ready for planting. The cot
ton growing area is being rapidly eX-
tended TO cover great scope OF terri
tory in the western and southern por-
tons of the state, where a few years ago
no production was seen. Even in the
original cotton belt of Texas the plant
ers are preparing to increase their acre
age. The farmers have now learned to
cope with insect pests which in former
years were wont to intliCt enormous
damage to the crop"
1t is said that some large arbitrage trad
erS are buying cotton in Liverpool against
sales made here against hard spots.
Some of the widest bulls are predict
ing l3c cotton for March and May and
l2ric for July, but they are making slow
progress in pushing prices to the goal.
The predicted fireworks" in January
did not. come This option was out at
noon today
Warehouse stocks in New York today
12l.792, certitcated 91,929.
Liverpool cables: American forward
"a 443 bales, total 1921, American de-
crease 5,160."
The following wire was received from
Austin, Texas, Thursday Relationship
| between the cotton and automobile indus
| tries is shown by the recent announce
ment that more than 100000 bales of
cotton per annum are consumed for motor
ear tires and top fabrics. This, new
market for cotton possibly is partly re-
sponsibe for the increased price which
farmers are receiving for their staple.
Considerable increase in the cotton acre
| age of Texas the coming season already
Mitchell, Brooks and Norden bought;
Mitchell bid 1920 for 5000 July, Hubbard
and Wilson sold, Reit bought October,
HentZ and Parrot sold.
Journal of Commerce: Cotton specu-
lation is plainly marking time"
Following are II a. m. bids; March
1888, May 1926, July 1921, october ll.50.
H
Clark: The weather map shows fair in
western half of belt, no rain, except mod
crate precipitation in northwest Louisi-
ana Cloudy, rainy in eastern half of belt,
with general precipitation, but mostly
light to moderate. Indications are for
| clearing and colder in western two thirds
of the belt; more rains; colder in AtlantlcS
Pacific coast clears 23,440 bales for
Japan and China, which will Increase into
| sight for week to around 100000 bales,
but will also increase mill takings, which
should be pretty large for the week, al
though not as large as last year.
Rained last night at Shreveport, Little
Rock, Memphis, Nicksburg, New orleans
Mobile, Meridian, Montgomery, Nashville
| Knoxville, Chattanooga, Jackson, Miss,
! Birmingham and Admission, Ala.
Fort Worth wires: First indications
lots appearing. San Antonio wires ex-
pect several lists will sell next few days,
| New York wires 1T is said Watkins
| bureau estimates the amount unginned
/
Latest London cable says Turkey
| ordered all her peace ENJOYS to return to
Constantinople Immediately
! Memphis wires: Factor just sold SOC
| bales average strict middling short sta
| pie at be. Seems to be much better
| spot demand"
The New Orleans Times Democrat says:
! IF the average bear could only convince
himself as he does his audience, that the
! sole support of the cotton market Is being
| supplied by wealthy bulls who hold i'm
| pOrtant long lines they want to be re-
| leved Of short selling might become at
! traCtive even in the face of discounts and
| steady spot markets, but the average bear
| fears that spinners takings may continue
| full during several weeks to come. He
| also fears the effect of the contract mar
| kets should demand for the actual de-
! velop. On the other hand the bull realizes
! that demands for the actual is not now
| active, that the ocean carriers Of cotton
! can not now secure Cargoes, that spinners
! takingS must soon begin to drop off and
| that in the continued absence of demand
! shown a solid front and consistent resist
ance to decline, may lose some of their
| nerve.
ITO the man on the fence price 'influ-
! ences appear evenly divided and the rut
| the market is in seems logical"
Following are 10 a. m bids: March
| 12.41, May 1888, July 1916, october 60
Estimated receipts for Saturday
! 1913 1912
| New Orleans 500 to 200 10, 1894
| Galveston . $500 to $500 1856