Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-26
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb. 25.-N. L. Carpenter
CO.. NJ. Anderson says. Liverpool
was reported a buyer in this market and
some short covering by uptown speCula
tors. There was a disposition on the part
OF the ring operators to sell on the rally
ana Wall Street also reported a seller.
commission houses sold. Ring sentiment
continues extremely hearish and good
many believe that it is too much sold az
the moment and mas brought about a
short interest, which would make the
market technically bullish. There is so
llttle outside business, however, that tuC-
tuauonS are very narrow and win prob
ably remain so until further developments
Warehouse stocks in New York today,
1850; certlticated, 94,lSI
Parrott and Gwathmey We're good buy
erS of March and October.
Spot interests have been the chief buy
ers today
Friday. February 26 will be first notice
day for March deliveries. Ii is said that
McFadden and Weld are correctly credit
ed with holding nearly all of the contract
stock here
The Waldorf crowd and Liverpool was
said to have been good buyers here today.
me ring crowd We're generally sellers;
leading sellers Wilson Hartcorn, Norden
and titzgibbon among buyers Hent2,
BoNce, Rothschild, Riordan. Parrot,
Shearson and Schley sellers also
The market seems to receive but little
support from the large interests and it
looks as If liquidation would carry prices
Dispatches received at Washington
shows satisfactory Improvement of Next
can situation.
President-elec Wilson says he is pay
ing more attention TO proposed tariff and
current legislation than to cabinet MAX
ing.
Following are IL a m bids: March.
l2.02; May, ll.90; July, 11S5; October,
NEW ORLEANS. Feb. 25.A Hayward &
clark: The weather map shows fair in
eastern half, cloudy in western half; no
PRECIPITATION; indications are for unset
tied, rainy weather coming on central and
western states Fair weather will con
tlnue for another day in the Atlantics.
English consols unchanged; French
rentes sd lower.
Liverpool cables: american middling
fair, 7.36d good middling, 702d; middling.
S'S SS low low i'm middllnS 652d good ordinary
Spots quiet but firm; some say little
more inquiry.
The New, Orleans Times Democrat
says Mondays cotton market was
very tame affair. Heavy exports to
Japan, the burning of some thousands of
Dales at Columbus, Ga. necesSitating re-
placement, and the fear entertained by
exporters that in the end they may have
TO pay spot owners prices for needed sup
plies, assisted the market in holding its
own ON the other hand, sudden change
Tor the worse is the anti-future trading
legislation outlook at Washington, and
darker outlook in Mexico, acted as an ir-
Illant ana disturbed the trade generally.
Inc stock market was lower and unset
tIed, put the consumption of cotton goods
continued on the big scale
The talent did not know Just what to
expect from congress in the way of hos
tile legislation. The Burleson bill, which
IS sweeping in its prohibitions and ignores
me science of modern trade, has passed
the house and has been pending before
the senate judiciary committee The
Smith anti-future trading bill. which is
equally sweeping in its unscientitc proh-
billions. has been favorably reported to
the senate, but has not passed either
house
Yesterday $ advices said that the bill
had passed the house and has been pend
ing in senate committee. which had
taken no action, would be brought before
the senate through the discharge of the
committee from further responsibility.
From this the trade inferred that the bill
i'm question in the BuresOn bin. and it
was also inferred that the promoters of
the measure believe a chance to pass it
exists, otherwise they would not be SO
anxious to bring il up at the end of the
session. As the elections have all been
held and the congressman and senators
have no reason now to play to the CALLER
les, remark recently made by Florida
senator becomes significant at this time
lie said: while do not favor restrict
i've legislation Of this character, the peo-
pie want it and | shall vote for it,"
Following are 10 a. m. bids March
POI; May 12.t1; July. 1212; October
11.47
Estimated receipts
New Orleans. ........ 5000 to $500 1857
Galveston .......... 900 to $500 1O,2O3