Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-10
NEWS AND GOSSIP
OF THE FLEECY STAPLE

new 1o YORK., Jan: s,-N. l. Carpenter
Of Iz,9l9,Z5I is as expected II National
Gmners' forecast of 4S0 900 for the pc
Rod can be regarded as shaping public
expectation From this time on last year
me ginning was 1,2S6,000, to which was
ADDED $4,000 linters. I thing 5000 or
S,OVO more, including linters, is full
amount 10 be expected.
local sentiment here is against the
market md lower prices seem Inevitable,
therefore II appears to me useless to
| stand and fight the decline.
The sooner long cotton is liquidated
ana ana the market cleared up, the sooner It
| will be on a bullish basis Future course
| of prices will depend largely on develop
ment Of spot markets in the South, which
| Just now seems to be a little dull"
Mitchell and Lake were heavy sellers,
Schill also hammered, Springs, Wilson,
Riordan and Hentz also sold. McFadden,
iwathmey, Hubbard and Hutton leading
McFadden bought $500 bales of May
at 12,36. Cone sold July. Hicks was a
| good buyer. Shearson and the ring
crowd sold freely.
New Orleans wires: Spots very dull
| lower to sell by about 1sc."
The ginning figures were above expec-
| tation OF the bulls and the market was
first hour, with only some short COW
ering. Later, however the larger spot
interests We're noticeable buyers
| Hentz, McFadden, Hubbard and Shear
son were leading buyers today Mitchell.
Martin McEnery. Schill and Cone leading
sellers Large spot interests were good
buyers.
Following are II a m. bids: January
1273, March 12.S7, May 1888, July 1924,
NEW ORLEANS, Jan. s.-Hayward &
| Clark The weather map shows fair in
! Oklahoma, northwest Texas, North Caro-
| lima, and cloudy over entire rest of the
belt. No precipitation of consequence.
| Indications are for cloudy and continued
cold in western half and in south Texas,
warmer, with rain, IN Oklahoma, north
Texas and Arkansas.
The New Orleans Times Democrat says:
| With the New Orleans future market in
| holiday and the cotton market as a while
| in the shadow of this mornings census
report of cotton ginned to the end of the
| old year, the local talent rested and ex-
hibited little enterprise and no particu-
lar desire to force the market in either
direction. New York was heavy seller,
which SHOULD have improved the techni-
cal position but correspondents there adj
vised that enough shorts had covered to
offset the effect of the elimination OF
| short interest
Throughout the South, the spot cotton
| owners seem satisfied to await develop
ments. Very little cotton Is being offered
| for sale and the demand is small. Re
| Gently some anti-market interests have
| attempted to make it appear that South
| ern bankers are calling loans on cotton,
| but such attempts have attracted very
| little interest because interior banks have
| been Offering money to New Orleans for
cotton loans, as the fresh demand for
such loans has begun to decrease in the
| interior. Meanwhile, the contract mar
| ket seems more inclined to afford safety
to the spectators than to conform to spot
market conditions. The actual cotton di-
vision reflects no activity of moment and
no desire to force trading. Spot values
! hold above a future parity, which fact
! appears to have inspired some shorts with
| a wish to get under cover"
| Following are 10 a. m. bids: January
| 1851. March 1851, May 1856, July 1913,
| october 1855.
| Estimated receipts for Friday;