Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-22
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. Jan. 22.-N. L, Carpenter
& Co: The strength of Liverpool gave
announcement to the bulls and caused
brought out buying from many sources.
Brokers representing spot houses were,
however the leading buyers.
The reaction in the past few days has
caused change in sentiment. Spot people
say demand is very good. Little or no
weakness among spot holders We I'M
derstand there is fair demand from the
continent
Shreveport. La, wires: An exporter
offered II cents today for 1000 bales held
by local factor but could not buy it.
Some small lots selling. but holders as a
rule refuse to sell at decline. Stock 1000
less than last year. Good demand from
continent"
Market quiet at moment, but very
steady; no pressure to sell. Schill offer
ing. but selling very little; Mitchell also
Offering
Bulls talking much higher prices and
looks as If we will get it.
Market very strong. Brown, Hayne and
McFadden among buyers; selling scat
tered with Rior0an, Munds, Waters, Nc
Chez Hicks, Norden, Hentz, Mitchell and
Hartcorn among sellers; profit taking by
longs constitutes some of the selling.
Liverpool cables: Powers have reached
settlement" This should stimulate mar
ket.
If all the interests could guess the mar
ket as the Pell interests have for the
past twelve months they would undOubt-
edly be satisfied. These interests were
credited with buying about 700, 900 bales
at the low level last year and when prices
advanced to about 10 cents they sold and
took fancy profits and turned to the short
side.
A certain broker sent out a wire this
morning advising his friends to sell the
entire list in case March should sell at
1920 or above by tomorrow. He evidently
thinks the reaction is not over.
The leading spot interests were about
the best buyers today Shorts were free
buyers. The feeling among the local
crowd is more bullish than for some time
past
The ring crowd inclined to sell, but spot
people absorbed offerings remarkably
Liverpool cables today were rather
Following are II a. m. bids: January,
1853; March, 1881; May, 12.14; July,
1l;97: October. 11.36.
NEW ORLEANS. Jan. 22-Hayward &
Clark: The weather map shows cloudy
weather over the entire belt, with some
light precipitation in Texas and Okla
homa. Indications are for cloudy, rainy
weather over the entire belt; warmer, ex-
Cept in the Caroinas.
New York wires: "Pen brokers and
Weld principal buyers on opening"
Large number of cables being received
here for immediate and forward ship
mentS.
Spots reported in fair demand, about
3-16 advance paid. Factors were willing
to trade.
A cable says Turks ceded Adrian
ople."
Memphis wires: Good inquiry, but
sellers refuse to take prices offered, ask
ing prices of sellers are within a quarter
of cent of highest for season. There
would be large sales here If sellers would
meet offers. There will be fair sales here
today. Memphis stock 168,0S1, against
bales"
The New Orleans Times Democrat says:
ION the face of things yesterdays cotton
market seemed to reflect the presence of
a large speculative short interest made
ments of demand for the actual before the
unhedged spot owner has given up the
fight. The fact that exporters and the
Southern mills again bought contracts
suggested near exhaustion of the supply
of hedged cotton, and the ease with
which the market advanced during the
| last hour suggested that the bulk of the
speculative short interest is in weaker
hands than are the hands in which the
bulk of the remnant of unhedged cotton
rests. Meanwhile the fact that the trade
is buying rather than selling hedges.
Better spot markets throughout the
South has attracted attention to the alb
sence of speculative buying of contracts
during the recent sessions and at the de.
| cline, have reawakened interest in the
| probability that the visible carry-over OF
! American cotton from 1928 to 1913-1-
will be no more than the carry-oYer from
1911-12 to 1912-13 or but little more thar
one months supply for the spindles.
Following are 10 a, m. bids: January
1895 March, 1890; May. 1912; July
1890; October, 11.44.
Estimated receipts for Thursday:
1918. 1912.
Galveston ........... $500 to $500 1882