Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-11
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb. In. l.. Carpenter
q Co: There was a wave of selling on
an9 after the call by commission houses
and the ring crowd generally. The buy
ing was scattered and there was no evil
dence OF The leading bulls supporting the
market for a short time
Warehouse stocks in New York today
4-d,euV certllicated 92,44S.
Inc Waldorf crowd, McFadden and Wa
tefs We're good buyers today, bidding the
market up. Shorts look nervous and the
market looks higher.
II was reported that Riordan was cred
ton today,
The January statement of the British
Board OF Trade shows gains in imports
OF S2l, S92 GOO and in exports of $25144 600
imports of cotton increased 1915 ,O0O and
6e6XPorts OF cotton goods expanded Sc, 125,
It is believed that Waldorf interests
were bearish
In the face of all efforts to check the
pol WeeVl' mat unwelcome pest continues
10 spread, according to the department of
agriculture by experts on insects. The
report says 1900 square miles was added
10 the area last year. bringing the total
with 1900 in 1911 Texas led with il 500
square miles, while all other states IN
5 ond area Ti3b SHOWS GAINS Alabama came sec
With 1900 and Mississippi fourth with
$40 square miles.
The opening was quiet, with trading
iilght The bull leaders are not support
ing the market. The ring crowd were
good sellers
Liverpool cables: Spot cotton, good
business done, prices steady; sales esti-
7.55d; good middling 721d; middling $500;
ordinary sod"
Folowing are II a. m. bids March
NEW ORLEANS, Feb. 11.-Hayward &
Lark: The weather map shows fair III
Florida; cloudy elsewhere: general pre-
cipitation, heavy at Galveston, Houston,
Louisiana Mississippi, southern Arkansas
and Tennessee Light elsewhere Indi-
cations are for clearing and much colder
rains and colder in Alabama and the At
lantics, followed by clearing to much cold
er tomorrow night.
1t is reported that James A. Patten
pleaded guilty in the cotton corner case.
Spots quiet, but owing to higher flu
lures Lice higher to buy, no pressure and
small demand.
1t is reported that Hayre freight was
reduced points this morning.
The export statement shows 10l 900
bales of cotton less for the first few days
of the week than last year.
The New Orleans Times Democrat says:
"A slowly advancing cotton market at
this particular time is playing havoc with
the hopes, the expectations, the calcula-
lions and the promises of about 80 per
cent of the talent, and, as a result, many
halt-hearted low price men have begun to
see a great light. Dyed in the wool
bears, however, still talk OF a &c decline
some time int he near future, and refuse
to find in the drift of the market any
fundamental cause of strength The fact
that big spot people are supposed to own
both the stock and the controlling long
interest at New York in conjunction with
the refusal Of the New York revision COM
mittee to reduce the discounts on the low
grades there, is regarded as a significant
pointer by the bull faction, and as a fur
Their evidence of manipulation by consti-
tutional bears. In the last analysis, the
mand, exhibits persistent strength in the
face of strenuous vocal effort to pull the
market down, all of which encoura ges
high price people to believe that declines
of consequence are out Of the question ahd
that the market will work higher grad
ually."
Estimated receipts for Tuesday:
1919 1910