Atlanta Georgian., 1913-03-06
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 6.-N. L. Carpenter
& Co: ]. NJ. Anderson says: "Senti-
ment seems to be growing more bearish
each day. not only here but from the
wires received the same feeling exists
throughout the belt. We have the fol-
lowing from Augusta, Ga: Crop prep
arations month to six weeks ahead of
last year, but last year very backward.
Fully up to normal Some say as good
as year before last Greensboro, n. c..
wires: More work done in North Caro-
APrll IL last year Troy, Ala. wires:
Weather has been very propitious and
farm. work very much ahead of last year
and in advance of normal: some planting
oI corn, which will be completed by the
2Oth, and then ready TO wait to plant cot
ton. Meridian, Miss, says: This week
has been one of uninterrupted farm work,
which is progressing well, and well in
hand in this territory"
Memphis wires: Spot sales of 1O, 900
Dasfidn 0ases at L1iverp1ol seemed to denote dis
There was small advance in New York
at the opening, which had been poorly
held, but business is so small that the
market can not be said to have definite
tendency. Sentiment is bearish be-
cause of favorable weather, reports that
farm work is well advanced and alb
sence of important demand for spots"
j. NJ. Anderson said that morning that
lower.
Norden appeared to be a good buyer
today He bought about 5000 July.
Messages were sent out today asking for
advice as to the crop preparations and
how far advanced they are, compared
with last year.
Wilson, Dillingham; and Mitchell bought
March; Parrot sold.
McGhee, Mitchell, Story, Hicks, Hub
bar; bard bought May; Norden, Royce, Hentz,
gomery and Black bought July Schill,
Hentz. Mitchell and Burnett sold.
Wilson and Schley bought October.
Hudson sold
With any encouragement, crowd would
sell the market, and there seems to be no
special interest at the moment support
ing it. Yesterdays decline came with
afternoon, which we may expect a repeti-
tion of at any time, as it is we'll known
fact that some of the larger operators
are decidedly against the market at this
level
Schill was credited with buying 1000
May at 1l.95 Immediately after the open
ing;
be, necessary for New York to send a
substantial amount of gold to Europe to
aid in easing the German strain"
The Balkan situation is said to be stead
lily improving.
Dr. Bastienelli returned to Rome, saying
j. F. Morgan no longer requires his at
tention.
The market throughout the morning
session was very quiet, with fluctuations
narrow.
Liverpool cables came about to 2
points better than expected
Washington says frost tonight in Ala
bama, Mississippi and north portion of
Florida; heavy frost in South Carolina and
Georgia. Freezing temperature for North
Following are II a. m. bids March
1927. May 1875, July 11.S9, october Il 4s.
NEW ORLEANS, March 6.-Hayward
p ln f1NrV-
ly cloudy to fair over western states
and east Tennessee; fair everywhere
else; no rain except 12 at Savannah In
dications are for continued partly cloudy
to fair weather, no rain, except trace in
west Texas possibly.
The Liverpool cotton exchange will be
closed March 81, 20 and "a.
Increased offerings OF spots and T. O. b. s
hardly any demand and quotations not
obtainable.
Huntsville, Ala, reports several large
lists sold yesterday; holders more inclined
to turn loose.
Weather map shows so far a high pro-
tectlVe pressure over the belt, which
means good weather for the belt for sew
Liverpool cables: American middling
fair 7.SSd, good middling 7.04d. middling
6.S2d, low middling 6.64d, good ordinary
6.30d, ordinary 5.96d
The New Orleans Times Democrat says
Good weather, easier spots in the interior
and a Memphis forecast of Il, 100, 900 bales
as showing, llnterS included, TO be made
by the final ginners' report of the census
bureau on March 20, in the absence OF
support, created sick feeling in the con-
tract market and values declined. Local
ly the actual stuff held its own. though
spot merchants reported the staple Varie
ties somewhat lower. In view of the fact
that there is every reason to expect a
very full acreage and very heavy use
of fertilizers, good weather now, which
permits the farmers to make rapid pre-
liminary progress in the fields, is a bear
ish factor
Easier spots or any suspicion Of easi-
ness in the actual cotton market any
where in the belt, at this particular
time, encourages the long disappointed
bear to believe his dream Of low priced
markets is near at hand"
Following are 10 a. m. bids: March
1920, May 1915, July 1914, October 11.51.
Estimated receipts for Friday;
1918 1919
New Orleans 1900 to 1000 1852