Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-06
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 6-N. L. Carpenter
& Co; J. 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 y. c.,
wires More work done in North Caro-
ma and other Atlantic states than on
April is 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
of corn, which will be completed by the
2Oth, and then ready TO wait to plant cot
Ton. Meridian, Miss. says This week
mas been one of uninterrupted farm work,
which Is progressing well, and well in
hand in this territory.
Memphis wires: Spot sales Of 10000
bales at Liverpool seemed to denote dis
position TO take cotton on declines,
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
}. M. 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
Wilson; Dillingham; and Mitchell bought
March; Parrot sold.
McGhee, Mitchell; story Hicks, Hub
bard bought May. Norden, Royce. Hentz,
Finn, Wilson sold. Hicks, Norden, Mont
gomery and Black bought July. Schill,
Hentz, Mitchell and Burnett sold.
Hudson sold
With any encoura gement, crowd would
sell the market, and there seems to be no
special interest at the moment support
ing it, Yesterdays decline came with
heavy selling from Wall Street in the
afternoon, which we may expect repet-
ton of at any time, as it is a well known
fact that some of the larger operators
level
schin was credited with buying 1000
May al 1875 Immediately after the open
ing.
The Financial Bureau says: at may
be. necessary for New York to send
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
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
Carolina.
Following are II a. m. bids: March
1927, May 1875. July 11.S9, October Has
NEW ORLEANS, March 6.-Hayward
& Clark; The weather map shows part
and east Tennessee; fair everywhere
else; no rain except 10 at Savannah. In
dications are for continued partly cloudy
to falr weather, no rain, except trace in
west Texas possibly
The Liverpool cotton exchange will be
closed March 81, % and "a.
Increased offerings of spots and f. o. b. S
hardly any demand and quotations not
Obtainable
Huntsville, Ala. reports several large
lists sold yesterday; holders more inclined
Weather map shows so far high pro-
tective pressure over the belt, which
means good weather for the belt for sew
| eral days more.
Liverpool cables: American middling
| fair 7.3Sd, good middling 704d. middling
6.S2d, low middling 6.64d, good ordinary
| 6.3Od. ordinary 596d"
| The New Orleans Times Democrat says:
| Good weather, easier spots in the interior
! and Memphis forecast of IA 100 900 bales
as showing. linters included to be made
| by the final ginners' report of the census
bureau on March 20, in the absence Of
support, created a 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 a very heavy use
of fertilizers. good weather now, which
permits the farmers TO make rapid pre-
liminary progress in the fields, is bear
ish factor.
Easier spots or any suspicion of easi-
ness in the actual cotton market any
where in the belt, at this particular
! bear to bell, re his dream of low priced
markets is ne,'r at hand"
Following arN 10 a. m. bids: March
1920, May 1915, July 1914. October 81.
Estimated receipts for Friday:
1913. 1912
New Orleans ....,. 1900 TO 5000 2,592