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

NEW YORK, Feb. In L. Carpenter
~ 20: Ihere was wave of selling on
ana after the call by commission houses
ana the ring crowd generally. The buy
lhg was scattered and there was no evil
dence OF the leading bulls supporting the
market for short time
~ Meaarrehouse stocks in New York today
III H. ;Soo !, certiticated 80, AS
Inc Waldorf crowd, McFadden and Wa
tiers were 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
20 BOARD sGI oo OF Trade shows gains in imports
imports of cotton increased SS75 900 and
exports OF cotton goods expanded $6,125,
were bearsh
In the face of all efforts to check the
Don WeeVl, mat unwelCOme pest continues
70 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
up -, TO - 1880 o square miles, compared
with ZtUOO in 1911. Texas led with II 500
square miles, while all other states in
the area shows gains Alabama came sec
ond with total of 800, Florida third
WIN ZOO and Mississippi fourth with
The opening was quiet, with trading
light. The bull leaders are not support
ing the market. The ring crowd were
Liverpool cables: Spot cotton, good
business done, prices steady sales esti-
mated 10000; American middling, fair
I5od; good middling 7.21d; middling 699d ;
low. midlding 6.99d; good ordinary 646d ;
ordinary sod"
Following are II a. M bids: March
l263, May 249, July 12.44. October Ills.
NEW ORLEANS, Feb 11.-Hayward &
Clark: The weather map shows fair in
Florida; cloudy elsewhere; general pre-
Glpltation, heavy at Galveston, Houston,
Louisiana, Mississippi. southern Arkansas
and Tennessee. Light elsewhere Indi-
cations are for clearing and much colder
weather IN western and central states;
rains and colder in Alabama and the At
iantlcs, 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 Lie higher to buy, no pressure and
small demand.
It is reported that Havre freight was
reduced 3 points this morning.
Inc export statement shows 100000
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-
ions and the promises of about 80 per
cent of the talent, and, as a result, many
half-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
actual stuff in spite of slack export de-
face of strenuous vocal effort to pull the
market down, all of which encourages
high price people to believe that declines
of consequence are out of the question ahd
ually."
Estimated receipts for Tuesday:
1913 1912.
New Orleans ......3,3 800 to $500 10, 6S5
Galveston .......4 600 to g. 900 II 1865