Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-20
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, Feb. 19.-N, l., Carpenter
a fair demand after the opening coming
from the larger spot interests and some
the bull side. on the advance, however
Wall Street was a good seller causing
the tn m, market to lose most IF its advance
The bulls continue to express conf
dence and advise the purchase ON all soft
spots The new crop has shown con-
siderable strength today which buying is
attributed to foreign account. Several
conservative operators advise the sale OF
old crop and purchase the new as
straddle. Market has ruled very narrow
and duh during todays session, with very
little outside business"
on February %, all American ENHANCES
Will he closed to business ON account of
Washington's birthday. The Liverpool
cotton and London stock exchanges will
remain open for the usual SESSION. The
February 20 URINARY day).
J. =, Morgan e, co. this morning re-
ceived cable today from Cairo, saying
Mr.. Morgan's health continued to improve.
There has been lot of bearish talk
about the dry goods trade not being as
active as in the past, Greenville, 5. C.,
wires:
Several of our biggest mills have made
large sales of export goods at satistac-
tory prices"
4 lot of cotton was for sale this morn
ing after the rally. Waters was said to
have started the advance by absorbing
large blocks Of offerings. which brought
out good buying wave from many re-
liable sources.
The early buyers were Wilson. Hicks.
Hubbard, Waters, Royce Stack and
Hentz. Mitchell, Wenman, Bashford,
Gwathmey and Shearson were the lead
Gables were higher than due today, but
our market refused to respond to the for
eiEn advance
John McFadden and his crowd were on
the floor early and there they remained
Throughout the day 1t was said they
were quietly buying
timent in cotton is little more favorable
to the market, but still predominately
bearish.
"There is nothing to speculate on in
cotton goods trade, hut the volume of
business continues very steady. JObbers
doing good business in weak fabrics
and retailers buy freely, Jobbers' stocks
small"
Following are Il a. m. bids: March
II 22 May 1206. July | .95: october 1141.
NEW ORLEANS, Feb. 19.-Hayward &
Clark: The weather map shows cloudy
over entire belt, scattered light rains.
Indications are for general rains in belt
and colder in, northwestern quarter.
Consols unchanged. Prospects of a spell
of bad weather coming on the cotton
states tonight, causing early bullish COM
ment.
are safe, but until outside influences are
better see no good reason for an adj
vance at the moment.
Spot market unusually dull today; so
far no demand at all. Factors willing to
trade.
The New Orleans Times Democrat says:
Exporters sold cotton in some volume to
Europe at the decline Monday, and being
unable to buy in the actual stuff at
practical parity. bought depressed futures
as a hedge. Tuesday when speculative
shorts attempted to cover. enough of them
were booked on trade hedges to make the
process of taking profits bit difficult.
This in itself may not have caused yes
terday's advance, but al least ii was
factor
lower as expected. and the American
rings took their cue therefrom. Then
came advices from abroad, reporting con-
sumption exceeding estimates and report
ing the Swiss mills holding very linn
tied supplies. Next some Of the interior
spot markets reported higher prices 10
buy. Last constitutional bears exhibited
immediate future, and so, in spite Of scant
inquiry for export room, and Of bad
break in the market for barometer stocks.
cotton climbed upward again, leaving IN
it's wake some unCOmpleted business IN
the actual, which has been held open
Notwithstanding yesterdays advance, flu
lures are still being traded in at discounts
under spots at a time when about the
worst the low price people could do to
the actual cotton owner was to make him
a bit nervous and willing to follow de-
clines in part only"
1898. May 1871, July 12.22 October ] l.5l.
Estimated receipts for Thursday:
1913. 1912.
New Orleans 1890 to $500 1882
Galveston ........ 800 to 10000 14,7S1