Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-28
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. Feb. 2S.-N. L, Carpenter
d Co: j. NJ Anderson says: THE
strength of March today has been the
feature causing covering and good buy
ing of other positions. Spot people seem
looked to be fairly large scattered short
interest which were hoping for heavy
tenders. 1t is hard to estimate just how
many notices were issued, but ii is eSti-
mated that there were anywhere from "a
600 to $4,000.
Some of the speculative shorts have
covered today, as they We're afraid of
the strength in March Sentiment con-
tnues beartsh around the ring, however,
and 1t is not believed that the advance
VIII hold, and there is moderate selling
by the ring crowd on scale-up; also by
Wall Street houses
The week end figures are expected to
be more bullish than for the past two
weeks
There is very little news in circula-
ton in regard to the spot situation
throughout the country today"
1t was reported that notices were is
sued out from about four houses
Warehouse stocks in New York today
1880, certiticated 1866,
among the leading buyers throughout the
day.
T. A. Johnson wires from Paris. Tex:
Think ginning this county likely to show
rather large on account of large crop;
by bad weather"
bds iIoTu; WAsoh, Norden, story, HICKS,
Clifford and Green were the leading buy
ers after the call today Virgins Rior-
Gan, Rothschild, Watkins, Rice and Shear
son were the principal sellers.
1t was said this morning that fully 49,
600 notices We're issued out by Hentz,
McFadden, Hopkins and Dwight which
We're quickly stopped by spot houses.
The Journal of Commerce says: There
will eventually be stopped by Craig &
Co and Fergus, Reid & CO.
as acreage may be increased very much
through the augmentation of the labor
supply due TO immigration from Mexico
on account of the disturbance there. Last
season everything was late in the South.
Ihis season the acreage is expected to be
increased both east and west of the Mis-
sippt river
The Balkan and Mexican situations
show further Improvement, according to
latest news.
The larger market interests think the
market oversold and that we should have
a good reaction from present prices on
these technical speculative conditions by
judicious amount of bullish activity dis
counting the work of manipulation. But
the talent does not care to load up and
be caught with too much contract cotton.
Don't worry! There is no chance of the
anti-futre trading. bill being passed dur
ing. this session Of congress.
Following are II a. m. bids: March
y "a. May 1913, July 1910 october IL g.
NEW ORLEANS, Feb. Hayward &
"
except fair IN south Texas; very little
rain in western half of belt, but general
rains in eastern half; however mostly
light to moderate, except heavier in Mont
gomery district Indications are for part
ly cloudy to fair weather, except unset
tied Snow in northwest Texas and Ok
lahoma: Cold wave in eastern and south
ern Arkansas; temperature will fall de-
cidedly next twenty -four to thirty-siX
hours.
Liverpool cables: American middling
fair. Z; 45d; good middling Lied; mid
binary 637d; ordinary, 6.03d.
Liverpool cables: america forwarded
1852; total aa lO2,6Ooo bales American de
Another Liverpool cable says: Quiet
and steady market; demand for spots
continues"
Dallas wires: Demand for spots be
coming more general at advanced prices. "
Recount of Bremen stock shows 9,019
| bales; an increase in American and a
decrease of 1920 bales of other kinds.
The New Orleans TimesDemocrat says:
AS forecast Wednesday, the turnover
| in actual cotton was large There was no
weakness in evidence anywhere and spot
merchants expressed the opinion that all
| that was needed to effect an advance was
| some speculative activity. Rumor had it
| that Turkey had decided to give up
| Adrianope and In that way terminate
| the Balkan war. and advices from Wash
ington spread the belief that the trade
need have no fear of anti-future legisla-
ton at this session of congress.
Rains over the greater portion of the
belt have further delayed crop prepare.
tons in the backward sections, but a cold
wave prediction carried with it a promise
of clearing weather"
Following are 10 a. m. bids March
1924, May 2.34, July IS, october II ga.
Estimated receipts for Saturday; .a
1913. 1912
New Orleans ......, 500 to 1000 $40
l00 h00 276