Atlanta Georgian., 1913-03-12
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March in. L. Carpen-
Ter ~ Co: J. NJ. Anderson says: "Whie
Liverpool was some to 3 points better
than due, the market did not respond
as it should, owing TO continued selling
by the speculative interests, who have no
talth IN an advance at present The
only support apparently was short COW
ei7ng and some buying by Liverpool
houses.
There has been some selling today Of
new crop options.
There has been no special spot news
today
some of the brokers who represent
spot interests have been fair sellers of
March and buying July.
Warehouse stocks in New York today
ll6,@26 bales. certifcated 9l,7l6.
Memphis wires There will he good
spot. sales here today, but at a big con-
CeSSiOn. 50
The principal sellers today in New
York have been Riordan, Wilson, Shear
son and Morris The buying during the
forenoon was scattered and looked to be
coming from shorts. The market showed
no snap and the crowd was trying to sell
on all hard spots. Hooper and Waters
were good buyers. Hooper's buying was
said to be Tor Liverpool Schill was the
principal seller
The ring crowd seems inclined to sell
on hard spots.
Offerings today were smaller than they
have been for several days past
Bull leaders were principal buyers
Shorts were anxious and bought freely.
sentiment continues bearish. ConServa-
tive bears are inclined to sell on all soft
spots,
The Journal of Commerce says: IN
IeNdS the weather was generally warm
and clear, and crop preparations are we'll
advanced. From Memphis came advices
that crop preparations in the Mississippi
delta are the best for many years past
The Journal of Commerce estimates that
the extent of the short interest in the
cotton market are as high as 500 600 bales.
Following are II a. m bids: March
II Ia Nav / ~ IDlN- II so October II
NEW ORLEANS. March 11.-Hayward
u Clark: The weather map was much
better than expected. Partly cloudy to
fair in the western and central states no
rain; cloudy in the AtlantiCs. There was
general precipitation, but mostly very
light. There were no heavy rains except
at Jacksonville. Indications are for un-
settled and rainy weather coming on
the northwestern quarter of the belt and
in the central states tomorrow; generally
fair in the eastern states today.
London cables: The alarming develop
ments of European ornaments and the
open references by the German press to
the possibility of war created a feeling
of anxiety in Great Britain
Liverpool cables: American middling
fair 7 7.34d. good middling I'd, low mddling
6.60d, middlng. .67Sd, good ordinary cad,
ordinary SGD.
Local buyers report somewhat more
demand for spots, probably to fill old
March commitments.
The New Orleans Times Democrat says:
The bear contingent, which is greatly
IN the majority in the cotton market, eX-
pected important assistance to reach them
from the interior spot markets Yesterday,
especially from Memphis, where values
We're privately reported down at least
3-16c. Official returns showed a decline
of Lice at Memphis. Galveston and Mo-
bile, &c down at New Orleans and Nor
folk and an advance of Lice at Dallas,
while private advices from other interior
points in Texas encouraged the bulls
rather than the bears. All of which DEM
onstrated the danger of making the wish
father to the thought
However, in the analysis, the situation
is about as harassing for one faction as
for the other, as neither seems able to
discover a guiding light. Yesterday one
operator, who is inclined to be bullsh.
said: I would buy contracts now but
for the fact that I am constantly dis
couraged by so many people who talk
against the market A few moments
later another operator who is inclined to
he bearish put his troubles into words
thus: i would sell contracts now but for
the fact that everybody is bearish and
the future markets are short up to the
hilt.' "
Following are 10 a m. bids: March
12.24 May 1909, July 2,05, october II. 45.
Texas wires: Galveston, San Antonio,
Austin, Dallas. all clear, Temperatures
range frOr1 so to 70 degrees, including
oklahoma ~
Spot brokers say more demand. Prices
very steady today.