Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-21
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 2O-N l. Car
penter & Co: j. NJ. Anderson says.
he ginning report was about as expect
ed except TOR the large percentage of
linters, and fell fiat upon the market.
Later in the session McFadden and spot
brokers were moderate buyers, with Wall
Street brokers selling, also some selling
by Riordan and others, which cotton was
taken by Waters, Hubbard and Mitchell
Owing to three days holidays traders do
not care TO make any new commitments
hence we look for little or no change in
prices for the day"
What few bulls there are. argue that
pessimlstic and a big short interest ex
lists which, with the combination of good
trade demand and just little bad wealth
er, would cause covering"
Warehouse stocks in New York to-day
1855; certificated 90, 239.
Memphis wires 'Bearish sentiment
seems intensified since ginners report
but market is still in rut. Only possible
bulllsh argument afforded by report lies
in large number linterS at 6O5,OO0 bales
which cOrrespondingly cuts down spinna-
BILE cotton. Heavy weight of bales does
something TO Offset this. Severe cold
wave coming, which will probably pre-
vent important rainfall in western and
We have the following from Lucama. y
C.: Farm work badly delayed owing
TO the continued rain, which will leave
the soil in bad condition for the ensuing
crop. Still raining See no prospects
for better cOnditions~soon."
Gtnnings for season are on basis Of
counting round bales as halves and in
clude linters.
The crowd construed the ginnings re-
port as bearish and sold freely.
Schill was a good trader on the call
McFadden interests and Hubbard were
the principal buyers throughout the day.
During the forenoon very little cotton was
for sale.
were supporting the market, but the ring
crowd continued TO sell on all hard spots.
Futures and spots in Liverpool remained
steady during the early session, but later
sold off on freer offerings from American
markets.
There was good buying today from
local shorts, who were afraid to carry
over any. great amount OF short lines.
Following are IL a. m. bids: March,
l2.24; May, 11.S9; July, 1882; October,
NEW ORLEANS, March 2O-Hayward
q Clark: The weather map shows partly
cloudy to fair weather in the western half
of the belt; practically no rain; cloudy in
eastern half; general precipitation, but
mostly light, except at Mobile and Allan
tic Gulf districts, where IL was heavier
Indications are for cloudy to rainy wealth
er in the belt, followed by clearing and
colder In western and central belt Sat
urday.
Cold wave warnings have been sent
out for Oklahoma, Texas panhandle and
Arkansas; temperature will fall 30 de-
grees or more within the next "a hours to
several degrees below freezing Thursday
night.
Spots here reported neglected and
easier more desire to sell.
Liverpool cables: american middling
fair. 747d; good midding lid: middling
6.gld; low middling, 673d; good ordinary,
$3.50; ordinary, 605d."
The New Orleans Times Democrat says
on the eve Of the census bureaus final
bulletin, showing ginnings, additions from
the growth of 1912, conflicting price MAX
ing factors neutralized each other. and
yesterdays cotton market passed into his
tory as a duh and unimportant affair
To-day the census bureau will relate
some important history to an expectant
and more or less mixed cotton trade. AS
rule, the talent looks for $4,000, 900
bales, but there are some students OF the
market who look for 14,250 900 and some
who look for less than $4,000 900. No
matter what the figures may prove to be-
large crop people will add a round sum
for good measure, and the small crop peo-
pie will add a very small sum. In either
case the wish will be father to the de
ductiOn, and invention Will be the mother
of the result since no man even now can
know within an important range just
what the final outturn will show. In this
connection the experience in other years
is interesting. though the ginners this
year may come closer to the Yield than
previously. then again II may not"
Estimated receipts for Friday:
1913. 1912.
New Orleans. ........ 1900 to 2,100 SSH
Galveston ............ $500 to $500 9,06S