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

NEW YORK, Feb. 2S-N. l., Carpenter
q 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
to have March well in hand and there
looked TO be fairly large scattered short
interest which We're hoping for heavy
tenders. 1t is hard to estimate just how
many notices were issued, but it is esti-
mated that there were anywhere from "a
0OO to $4,000
Some Of the speculative shorts have
covered today, as they were afraid of
the strength in March Sentiment con-
unueS bearish around the ring, however,
and il 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 Weekend figures are expected To
be more bullish than for the past two
weeks.
There is very little news in circula- e.
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
ll9,455, certitCated "a 656.
McFadden and Craig brokers were
among the leading buyers throughout the
day.
T. \. Johnson wires from Paris, Tex
Ihlnk ginning this county likely to show
rather large on account of large crop;
farming preparations very much delayed
by bad weather"
y,
Clifford and Green were the leading buy
erS after the call today. Virgins, Rior-
dan, Rothschild, Watkins. Rice and Shear
son were the principal sellers.
It was said this morning that fully 40,
/ coo notices were issued out by Hentz,
Mctadden, Hopkins and Dwight which
were quickly stopped by spot houses:
The Journal of Commerce says: There
is an idea that the March notices today
will eventually be stopped by Craig &
Co. and Fergus, Reid & Co.
.4,,I-
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-
sippi river
The Balkan and Mexican situations
show further Improvement, according to
latest news.
The larger market interests think the
market oVersod and that we should have
a good reaction from present prices on
| these technical speculative conditions by
a 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
I y "a. May 1913, July 1910, October 1163.
NEW ORLEANS Feb. 2S,-Hayward &,
| 'ldTk, Inc weather map SHOWS CLOUDY,
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 viii fall de-
cidedly next twenty-four to thirty six
! hours.
| Liverpool cables: American middling
fair, 400; good middling. l6d; mid
ding, 6.S9d: low middling, sid; good or
binary, 6.37d ordinary, 6.03d.
Liverpool cables: America forwarded
1859 total 1O2,6Oo bales American; de-
| crease 4490 bales"
! Another Liverpool cable says: quiet
! and steady market; demand for spots
! Dallas wires: Demand for spots be-
| coming more general at advanced prices
| Recount Of Bremen stock shows SOS
decrease of 1920 bales of other kinds.
| The New Orleans Times Democrat says
| "AS forecast Wednesday, the turnover
| in actual cotton was large. There was No
! weakness in evidence anywhere and spo
merchants expressed the opinion that al
| that was needed to effect an advance was
! some speculative activity. Rumor had il
| that Turkey had decided to give III
| the Balkan war. and adviCeS from Wash
/ ington spread the belief that the trade
need have no fear of anti-future legisla-
| tiOn 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 colo
wave prediction carried with it promise
| of clearing weather"
Following are 10 a. m. bids: March
| 12.34 May y "a. July 1885, October 1854.
| Estimated receipts for Saturday; ,.,
New Orleans .......o 500 to 1000 S,2l(
| Galveston 9 9 800 g.2Tt