Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-13
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb 13.-There seemed
very little cotton for sale on the opening,
which brought out higher figures than
were expected. This seemed to be an
incentive to sell after the call and those
who were buyers the early part of the
week We're among the leading sellers,
causing some 10 points decline in a very
short time.
The uptown crowd and commission
houses were reported good sellers on un-
favorable war news. The decline checked
the support from the larger spot interests
and other leading bulls
Mr.. Anderson says: There is a bear
ish feeling around the ring, and from
what | gather on the floor 1t is evident
the general public are against the mar
ket The interests who are behind the
bull movement are so strong that there
to sell the market short Spots are re-
ported in good demand from the continent
and American mills"
Selling was general at the outset today
but the market remained steady and Of
terlngs were absorbed readily.
Wenman sold 10000 bales of July at
1880 and 1921 on the call The buying
continued general
Shorts were aggressive on the decline
Liverpool continues to report cables
better than due every day.
Warehouse stocks in New York today
III ,5OS certiticated, 94,442
What trading was done yesterday in
New Orleans cotton market could be
stuffed in a nutshell.
that cotton win go through the 13-cent
level, especially new crop months.
There is plenty of cotton for sale. and
close observers and shrewd traders do
not hesitate in expressing the belief that
the large bulls are feeding the market
with contracts.
=, Trading was light at noon today,
morning. Several ten thousand lots
changed hands.
McFadden interests were among lead
on all rallies Commission houses were
fairly good buyers.
Following are II a m. bids: March,
l254; May, l241; July, 1881 October,
NEW ORLEANS Feb. 13.-Hayward &
Clark: The weather map is favorable;
shows fair in northern third of belt;
but no precipitation over night except a
little in south Texas. Indications are for
partly cloudy to fair continued cold in
belt; possibly some slight precipitation
along the gulf coast.
Export statement today is likely to show
l6OOO0 bales less exports for the week
than last year. Spots reported quiet I'M
changed; only a few staple lots sold.
the break in foreign government Sc
curities continues; consols I'D lower.
The New Orleans Times Democrat
says; During October, November, De
Cember and January S.26 inches of rain
Tell in Texas, as Contrasted with SO last
season, 500 inches two years ago, and
| ia inches preceding the crop of 190S-09.
! Consequently the big crop people expect
| a favorable season in the West, while the
| low price people expect full acreage in
! Texas as a result of high prices thus far
| this season. Meanwhile the conflict be-
| tween steady spots and bearish sentiment
| keeps the public out of the markets and
| bears are exploiting the fact that profess
| SIGNALS alone are left to take care Of the
| remnant. Bulls on the other hand, assert
/ that since the remnant of the old crop is
! in no way weighing on the contract mar
| kets the care Of the same Is imposing no
! hardship on the professional element
Following are 10 a. m bids: March,
12.57 May, 1857; July, 1880; October,
lila
Estimated receipts for Friday:
1918. 1912
| New Orleans ...,.... 300 to 1 800 1858
Galveston .......... 5000 to 5000 1858