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

NEW YORK, Feb. 27.-N. L. Carpenter
Co. John McFadden was on the floor
this morning and his brokers were leading
buyers.
Baruch Bros. sold about 10000 bales of
May and July to scattered buying.
During the early forenoon Wilson, Full
Ter and Shearson offered the market
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 March squeeze?"
This 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. drive was made at them
Tuesday and they were credited with COW
ering 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 figures by the bureau of foreign and
domestic commerce of the exports of cot
Ton during January make them 899, 1895
bales, valued at S5S, 307, 976, and making
the seasons total for seven months $3.50,
1888 bales. This record has been exceeded
CAAiS piANC III llNG S6dlS--idSl year WneH UP
to the end of January 1856, 962 bales had
been exported. The value of the exports
this season is $40 100000 smaller than
that of the crop for seven months in the
season, 1901. The average price of 1874
cents compares with 9.S for January, 1912,
and for the last five months the average
price for export cotton has been IL cents
against SO in 1912 and 14.5 in 1911"
offerings were very small today at the
outset. Mitchell was the leading buyer;
Weld. Liverpool and Wall Street leading
sellers.
o. Following are II a. m. bids: March,
l27O; May, 1905; July 1900; October,
NEW ORLEANS, Feb, 27.--Hayward &
Texas and oklahoma; cloudy in central
states; general rains overnight heavy in
northeast Texas and the central states.
Liverpool cables. American middling
ding 6.SSd; low middling. $3.50 good
ordinary, 6.34d; ordinary, Cd"
Spots are quieter so far today, but
steady at quotations.
The New Orleans Times Democrat saws:
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.
This year even relatively small ex-
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 so far as the trade can learn, there
IS no weakness in the spot markets any
where. Overnight cotton was offered
rather freely to Europe and Europe
seemed in no humor to buy. but the
South pressed no cotton for sale, and
there the matter stands"
Following are 10 a. m. bids: March
IL "a. May 1927, July 12.28, october 11.59
Estimated receipts for Friday:
New Orleans .....5, 500 to 1900 1876
Galveston 1000 to 5000 1884