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

NEW YORK, Feb. 26.-N L. Carpenter
" Col. NJ Anderson says: There Is
feeling around the ring among the bears
that the advance from Yesterdays low
was only a furry which will cool down
as soon as the shorts are through cover
ing. However, spots reported in better
demand today and of course this is the
basis for buying and some of the spot
brokers' are among the buyers
Riordan sold about $1,000 July during
the forenoon, thought TO be for Exchange
Place house; buying scattered.
Gearing good seller today, said TO be
for Waldorf and the West Mitchell was
good buyer, bidding market up.
Augusta, Ca, wires: Receipts, 1856,
against l, 745 bales; spots unchanged: bet
ter export demand
The market is narrow. but took the
selling well Liverpool reported buyer
here Owing to improved political condi-
lions abroad there is a better feeling in
wall street. The West and the uptown
crowd reported among the sellers during
lnent in the spot situation we look for a
substantial rally.
PARROT bought 5000 May at noon from
Rlordan. Mitchell, Hentz and Waters
good buyers. Ring shorts look to be Gov
ering.
Sentiment in the cotton market is play
ing greater part than ii is entitled to.
The ring crowd We're good buyers today,
which gave the market a steady tone dur
ing the early trading. Wall Street were
nEf9ti,ceable sellers Geer;, Wilson and
seller.
The Mexican situation in some quar-
| tiers is regarded as a beariSh feature
others saw in the menace of intervention
| bulllsh card for the cotton market. a
wire from n. r. Blackwell, editor of The
Cotton and Cotton Oil News, says that
war with Mexico of three months dura-
ton would cost Texas 1000, 900 bales of
cotton from this years crop. as one-ffth
of Texas crop is raised and harvested by
MeXieans, and recruiting offices in Texas
| now besieged by young farm laborers anX-
| louS to fight against Mexico.
The New York Commercial says: "Only
passing attention was paid to press dis
patches from Washington saying that
senator Smith, of South Carolina, would
move in the senate today to discharge
the senate committee on judiciary from
further consideration of the cotton flu
lures bill, which already has passed the
| house, with the object of securing the
passage of the measure at this session.
In local trade circles the impression
seemed to prevail that, even if the com
| mlttee should be discharged from conSid-
Grafton of the bill, the senators from New
ork would block the bill and prevent
its passage"
1000 bales, compared with 2720l last
week and SO, $50 last year, against 10 ,3S2
bales for the same. week in 1911.
,, F no are II a; m; bids, March
l2.23, May laos. July 1212, October II 50.
NEW ORLEANS. Feb. 26-Hayward' &
| Clark; The weather map shows cloudy
over the entire belt, raining in Arkansas,
west Tennessee and north Louisiana, but
| precipitation light so far. Indications are
| for more general and heavier rains in the
| belt for the next two days
Good spot inquiry here, but offerings
| so small that little business could be done
| Spot brokers say market sold Is higher.
Nothing doing on Smith bill today. Sen
ate acting on department of labor bill
I now. Tomorrow morning they will prob
ably vote whether the judiciary committee
| will be discharged This is the committee
! that has held up Smith bill
| The New Orleans Times Democrat
says: TUESDAYS cotton market respond
| ed to natural Influences. The rings were
| short and shorts We're made nervous by
! the character of their company. Demand
! for the actual began to develop in some
! volume. Committed merchants, seeing
! the handwriting on the wall, began paying
| the market price for needed supplies. The
! MeXlcan situation seemed to be improv-
| ing. No progress was made by the anti
! future people at Washington. Unfavor-
able and misunderstanding weather was
! promised for the cotton belt
| Favorable reports came from the
| American dry goods centers. And to toy
| all. rumor has it that the Balkan wan
| has been terminated European houses
| bought contracts in New Orleans and in
| New York and speculative shorts sought
| cover on the run. Under such conditions
| and in a narrow market, a sharp advance
! was both logical and inevitable. At the
| close constitutional bulls felt better than
| they have felt at any time recently and
| promptly asserted that the market should
| do better now that the chief causes of de-
| preston seemingly are being eliminated
on the other hand the bear forces gen
orally appeared resigned if not to turn
| of the price tide, at least to a period Of
non success. leaving bearish exploitation
| to the as yet uncovered shorts"
! Following are 10 a. m. bids: March
II %. May 1926, July 1927. October II SO
| Estimated receipts for Thursday
| 1913. 1912
| New Orleans 200 to $500 II .39e
| Galveston 8 500 to Q 500 q 32-