Atlanta Georgian., 1913-03-06
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 6.-N. L. Carpenter
Il Co: j. NJ Anderson says: Sent
ment seems TO be growing more bearish
each day, not only here but from the
wires received the same feeling exists
throughout the belt. We have the fol-
lowing from Augusta, Ga: Crop prep
arations month to six weeks ahead of
last year, but last year very backward.
Fully up to normal Some say as good
rs year before last Greensboro y. c.
wires: More work done III North Caro-
lima and other Atlantic states than on
April IS last year Troy, Ala. wires.
w Gather has been very propitious and
farm work very much ahead Of last year
ana IN advance of normal; some planting
ot corn, which will be completed by the
2Oth, and then ready to wait to plant cot
ton. Meridian, Miss. says: This week
mas 6een one of uninterrupted farm work
WmiGh Mand j., IS progressing Wen, and well in
Memphis wires: spot sales of 10000
bales at Liverpool seemed TO denote dis
There was small advance in New York
at the opening, which had been poorly
held, but business is so small that the
market can not be said to have definite
tendency. Sentiment is bearish be-
cause of favorable weather, reports that
farm work Is well advanced and alb
sence OF important demand for spots
}. NJ. Anderson said that morning that
lower.
Norden appeared to he a good buyer
today He bought about 5000 July.
Messages were sent out today asking for
advice as to the crop preparations and
how far advanced they are, compared
with last year.
Wilson, Dillingham; and Mitchell bought
March, Parrott sold
McGhee, Mitchell Story. Hicks, Hub
bard bard bought May, Norden, Royce, Hentz,
Finn, Wilson sold. Hicks. Norden, Mont
gomery and Black bought July, Schin,
Hentz Mitchell and Burnett sold.
Wilson and Schley bought October
Hudson sold.
With any encouragement, crowd would
sell the market, and there seems to be no
special interest at the moment support
ing It, Yesterdays decline came with
afternoon, which we may expect repeti-
tion of at any time, as it is a well known
fact that some Of the larger operators
are decidedly against the market at this
level.
Schin was credited with buying 1000
May at 1875 Immediately after the OPEN
ing.
The Financial Bureau says: 1T may
be necessary for New York to send
substantial amount of gold to Europe to
aid in easing the German strain"
The Balkan situation is said to be stead
lily improving.
Or. Bastieneli returned to Rome saying
j. p. Morgan no longer requires his at
The market throughout the morning
session was very quiet, with fluctuations
narrow
Liverpool cables came about to 2
points better than expected.
Washington says frost tonight in Ala
bama, Mississippi and north portion Of
Florida; heavy frost in South Carolina and
Georgia Freezing temperature for North
Carolina,
Following are II a. m. bids: March
1927. May l195, July 1889, October 11.4S.
NEW ORLEANS, March 6.-Hayward
q Clark: The weather map shows part
ly cloudy TO fair over western states
and east Tennessee; fair everywhere
dications are for continued partly cloudy
to fair weather, no rain. except trace in
west Texas possibly.
The Liverpool cotton exchange will be
closed March 81 % and "a
Increased offerings of spots and f. o. b. s
hardly any demand and quotations not
Obtainable
Huntsville, Ala, reports several large
lists sold yesterday; holders more inclined
to turn loose.
Weather map shows so far a high pro-
tective pressure over the belt, which
means good weather for the belt for sey-
eTal days more.
Liverpool cables: American middlng
fair 7.3Sd, good middlng 704d, middling
69Od ordinary 5.96d.''
The New Orleans Times Democrat says:
Good weather, easier spots In the interior
and a Memphis forecast of 14.100,000 bales
as showing, linters included, TO be made
by the final ginners' report of the census
bureau on March 90 in the absence of
support created a sick feeling in the con-
tract market and values declined. Local
ly the actual stuff held its own. though
spot merchants reported the staple varie-
ties somewhat lower. In view of the fact
that there Is every reason TO expect a
very full acreage and a very heavy use
OF fertilizers, good weather now, which
permits the farmers to make rapid pre-
liminary progress in the fields, is bear
ish factor.
Easier spots or any suspicion Of east
ness in. the actual cotton market any
where in the belt at this particular
time, encourages the long disappointed
bear to believe his dream Of low priced
markets is near at hand"
Following are 10 a. m. bids: March
12.20. May 1215 July 1914, october 11.5l.
Estimated receipts for Friday:
1913 1919
New Orleans - 2. 800 to 1000 2592