Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-12
COTTON GOSSIP

Mitchell Waters and New Orleans were
good buyers at the outset. Riordan was
a good seller, II is aid that 10. 900 bales
of Riordan's purchases yesterday was
for Scales. After the call Liverpool spot
houses were active buyers of December.
McFadden inclined to sell on the rally.
Later Pearsall sold
: Sentiment is mixed at the moment.
II. F. Bachman & Co. says: ."Consum-
erS of cotton have not yet shown any
great anxiety about their purchases for
the coming season. This more than
anything else, seems to be the cause OF
the recent depression in prices. The
fact must not be overlooked, however.
that Notwithstanding the general falling
off in business generally, the worlds re
quirements have not yet been fully pro-
vided for and the American crop is not
up to the last few years average OF
quantity and quality"
Public interest in the cotton market
Is at a minimum. Such activity as Is
occasionally evidenced comes largely
from within the cotton exchange and
has been but temporary. A number of
the largest traders are waiting for
something to happen to reflect definite
trend to prices. The South appears dis
interested in day to day fluctuations and
Liverpool is taking no aggressive stand.
The trustee for D. b, Hull has sold
his Cotton Exchange seat to Charles
j. Sorrells for $4,000, which is un-
changed from the last previous sale.
NEW ORLEANS. Nov. 11.-Hayward
& Clark: The weather map shows
generally fair over the belt, except
partly cloudy in Western Texas and
Oklahoma. No precipitation. Freezing
al
the eastern half OF the belt, except in
the Gulf Coast districts and Florida
The New Orleans Times Democrat
says: While the talent has not yet
begun to sell the contract market short
sentiment is becoming more and more
divided, and far-sighted operators are
beginning to believe normal condition
of affairs with two factions actively
engaged will soon exist. For the most
part, recent selling seems to have, been
for the account of liquidating longs.
Trade buying has figured to some ex-
tent, but spectators have, as a. rule
kept hands off Hence the decline as
result of the cleaning out the market
was received.
Students of the situation are not yet
sure that all the joy riders are out, CON
seqUently further decline of Ac or Rc
would not surprise them at all. In this
connection, it should be remembered
tiio't tHC moi hSt 10 lAo" IA INC lAIldNie ~
the heaviest movement period: thar
wide publicity has been given some 49,
600, 900 bales plus estimates, and that
price depression now would encourage
full consumption.
1T is true, seeming apathy among
consumers is more apt TO prove studied
than real, and that in the event the
crop is to pan out less than require
ments the present period of uncertain
ty and mixed sentiment is the best OPP
portunity consumers will have to get in
at a relatively low level of values.
But there is no forced buying now and
recent declines may well have been
helped along by interested people"
Liverpool cables: I'VE do not think
ginners confirms estimates over 14,500-
900 bales. Think present prices are safe
when outside influences are better like
Mexican news yesterday. Manchester
better"