Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-28
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. March 2S.-N. L. Carpen-
ter & Co: J. NJ. Anderson says: Al
though cables were better than due, first
prices were about unchanged, owing to
improved weather conditions throughout
the entire country
Wall Street was inclined to sell. but
Liverpool took all offerings at the wider
discount With continued good weather
conditions the market is likely to sag
under professional selling, but unless
spots show weakness, a decline of any
consequence is not likely at present. Sen
timent continues heariSh.
The market rallied easily with little
buying. Buying was from good sources.
The selling was rather concentrated from
the speculative operators.
THE feeling around the floor is that the
buying IS OF better character than the
selling. ! believe the selling Is specula-
tive purely, while the buying is coming
largely from The spot people.
Liverpool cables: "Aemrican forward
90 bales; total 6s,Ss2; decrease 1910
Liverpool was reported a good buyer
today
on and after the opening. After the
call, Mitchell, Hubbard and McFadden
were good buyers. The ring crowd was
inclined to sell on all hard spots.
kilograms We're sent out this morning
TO almost every section of the cotton
belt asking for reports on condition of
and preparation for the new crop.
l2.s3, May ll.97. July llsS, October ii. IS.
NEW ORLEANS. March 2S.-The
weather map is much better than eX-
pected. The government forecast OF cold
er with frost in south Texas was en-
tirely wrong. Temperatures were 10 to
20 degrees higher and no frost II is fair
over the entire belt, with no rain, except
a little over the Atlantic coast towns.
Liverpool cables: American middling
fair I.50d, good middling lied, middling
6.94d,. low middling 676d good ordinary
6. AID"
Washington says severe frost tonight
in east Tennessee, North Carolina, South
Carolina, Georgia, Alabama and interior
of north Florida.
ports from Texas in all counties south
of Waco denote that very slight damage
was done to cotton by cold, except in the
Brownsville district. Generally less than
20 per cent of acreage was planted and
but little of that is up in many districts.
Planting has just begun, Extensive plant
ing will be done in the next ten days
and all reports indicate increase in acre
age
The New Orleans Times-Democrat SAYS.
Thursdays cotton market behaved rath-
er badly in the face Of weather develop
ments. Bulls said price opponents. in
order to offset legitimate influences,
fought the market all session long. and
finally brought about an artificial de
cline in place of logical advance.
Bears said declining market In the
face of hullish new crop news proves lack
Of faith in the value of cotton on its
merits alone. Freezing weather extended
as far south as San Antonio in Texas,
but Texas sold both spots and futures, and
the talent at the ports helped them on
the latter undertaking.
dallas lost Lice on the actual stuff.
To-day the temperature over the belt,
as a whole is expected to drop very low,
which means that on the eve of planting
time the soil will be cold instead of warm.
over in Texas, the early producing sec
tion has undoubtedly received distinct
setback and in some places young cotton
has been killed for the second time this
season.
In those sections this means late in
stead of an early start, which in turn
means that less cotton will move in July
and early August than some operators
have been expecting. Meanwhile, the
Balkan situation ought now to be in po-
sition to clear up rapidly, and the promise
of a great flood in the Mississippi river
is by no means a bearish factor
Estimated receipts for saturday;
1918. 1912
New Orleans ......1, 700 to I, 800 $50
Galveston ......... $500 to $500 LIZA