Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-19
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb. I9-N. L. Carpenter
& Co: J. NJ. Anderson says; There was
a fair demand after the opening coming
from the larger spot interests and some
the bull side. on the advance, however.
Wall Street was a good seller causing
the market to lose most of its advance
THE bulls continue to express conf
dence and advise the purchase on all soft
spots. The new crop has shown con-
siderable strength today. which buying is
attributed to foreign account. Several
conservative operators advise the sale OF
old crop and purchase the new as
straddle Market has ruled very narrow
and dun during todays session, with very
little outside business"
on February %, all American exhanges
will be closed to business on account OF
Washington's birthday The Liverpool
cotton and London stock exchanges will
remain open for the usual SESSION. The
Chicago Board of Trade. will be closed
February % (primary day..
J. p. Morgan & Co. this morning re-
ceived cable today from Cairo. saying
Mr.. Morgans health continued to improve.
about the dry goods trade not being as
active as in the past. Greenville, S. c..
wires;
Several of our biggest mills have made
large sales of export goods at satisfac-
tory prices"
A lot of cotton was for sale this morn
ing after the rally. Waters was, said to
large blocks of offerings, which brought
out good buying wave from many re-
liable sources.
The early buyers were Wilson, Hicks.
Hubbard, Waters, Royce. Stack and
Hentz. Mitchell. Wenman. Bashford,
Gwathmey and Shearson were the lead
Gables were higher than due today, but
our market refused to respond to the for
eign advance.
John McFadden and his crowd were on
floor fbarp thew Il
throughout the day II was said they
We're quietly buying.
The Journal of Commerce says: Sen
timent in cotton is little more favorable
to the market, but still predominately
bearsh
There is nothing to speculate on in
business continues very steady. Jobbers
doing a good business in weak fabrics
and retailers buy freely. Jobbers' stocks
small"
1929, May 1905. July 11.95. October 11.47
NEW ORLEANS. Feb 19.-Hayward &
over entire belt, scattered light rains:
Indications are for general rains in belt
and colder in northwestern quarter.
cqnsols unf char Prospects SO OF sPe
states tonight, causing early bullish com
ment
:. Liverpool cables; Think present prices
are safe, but until outside influences are
better see no good reason for an ad-
vance at the moment"
Spot market unusually dull today; so
far no demand at all. Factors willing to
trade.
The New Orleans Times Democrat says:
Exporters sold cotton in some volume to
Europe at the decline Monday, and being
unable to buy in the actual stuff at
practical parity. bought depressed futures
as a hedge. Tuesday. when speculative
shorts attempted to cover. enough Of them
were booked on trade hedges TO make the
process of taking profits a bit difficult
This in itself may not have caused yes
terday's advance, but at least 1t was
factor.
Liverpool opened higher, instead Of
lower, as expected, and the American
came advices from abroad, reporting con-
sumption exceeding estimates and report
ing the Swiss mills holding very linn
tied supplies. Next some of the interior
spot markets reported higher prices to
buy Last, constitutional bears exhibited
immediate future and 50, in spite of scant
inquiry for export room, and of bad
break in the market for barometer stocks,
cotton climbed upward again, leaving in
it's wake some uncompleted business in
the actual which has been held open
in the hope of catching better terms,
Notwithstanding yesterdays advance, flu
lures are still being traded in at discounts
under spots at a time when about the
worst the low price people could do to
the actual cotton owner was to make him
bit nervous and willing to follow de-
II. 20, May 12,21, July 1922 October II 81.
Estimated receipts for THURSDAY; ,o,o
New Orleans 1900 to $500 1882
Galveston 500 to 10000 1881