Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-13
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. Feb. 13-There seemed
very little cotton for sale on the opening,
which brought out higher figures than
were expected, This seemed to be an
incentive to sell after the call and those
who were buyers the early part of the
week were among the leading sellers,
causing some 10 points decline in a very
short time.
The uptown crowd and commission
houses were reported good sellers on UNI
favorable war news. The decline checked
the support from the larger spot interests
and other leading bulls.
Mr.. Anderson says: There is bear
lsh feeling around the ring, and from
what | gather on the floor it is evident
the general public are against the mar
ket The interests who are behind the
pull movement are so strong that there
IS constant uneasiness among the bears
to sell the market short. Spots are re-
ported IN good demand from the continent
and American mills"
Selling was general at the outset today,
but the market remained steady and Of
ferlugs were absorbed readily
Wenman sold 10000 bales of July at
so and 1881 on the call. The buying
continued general
Shorts We're aggressive on the decline
Liverpool continues to report cables
better than due every day.
Warehouse stocks in New York today
lZl,3OS; certlicated, 94442.
What trading was done yesterday in
New Orleans cotton market could be
stuffed in a nutshell.
The bun leaders are stin in the bells
tnat cotton VIII go through the l3-cent
level, especially new crop months
There is plenty of cotton for sale, and
close observers and shrewd traders do
not hesitate in expressing the belief that
the large bulls are feeding the market
with contracts.
Trading was light at noon today,
though it has been very good all the
morning, Several ten thousand lots
changed hands
McFadden interests were among lead
ing buyers: The ring is inclined to sell
on all rallies. Commission houses were
fairly good buyers.
Following are IL a. m. bids: March,
I2Sd; May, 12.4l;. July, 1921; October,
NEW ORLEANS. Feb. 10 Hayward &
Clark; The weather map is favorable.
shows fair in northern third of belt;
cloudy IN southern twO-thirds Of the belt,
put no precipitation over night except a
Itue IN south Texas, Indications are for
partly cloudy TO fair continued cold in
belt; possibly some slight precipitation
along the gulf coast
Export statement today is likely to show
I3U,VVV baIes less exports for the week
lildh ldSl year. Spots reported quiet I'M
changed; only a few staple lots sold.
The break in foreign government Sc
curlteS continues; consols I'D lower.
The New Orleans Times Democrat
says: During October November, De-
cember and January S.26 inches Of rain
fell IN Texas, as contrasted with SO last
season, 509 inches two years ago and
LA inches preceding the crop of 1908 90
Consequently the big crop people expect
favorable season in the West while the
low price people expect a full acreage in
Texas as d result of high prices thus far
this season. Meanwhile the conflict be-
tween steady spots and bearish sentiment
keeps the public out of the markets and
bears are exploiting the fact that profess
| sionals alone are LETT to take care of the
remnant. Bulls on the other hand assert
| that since the remnant Of the old crop is
in no way weighing on the contract mar
| kets, the care of the same is imposing no
hardship. on the professional element
Following are 10 a. m bids: March
117G
Estimated receipts for Friday:
1913. 1912
! New orleans .,...,.., 1900 to 500 1858