Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-02-27
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. Feb. 26.-N. l.. Carpenter
u Co. 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
basis for buying and some of the spot
brokers' are among the buyers
Riordan sold about $4,000 July during
the forenoon thought to be for Exchange
Place house; buying scattered.
Gearing good seller today said to be
Tor Waldorf and the West; Mitchell was
good buyer, bidding market up.
Augusta, Ga, wires: Receipts. 1886,
against l, 745 bales; spots unchanged bet
ter export demand.
The market is narrow. but took the
Seillng Well Liverpool reported a buyer
mere. Owing to improved political condi-
tons abroad there is a better feeling in
wall Street. The West and the uptown
crowd reported among the sellers during
todays session. With further improve
ment in the spot situation we look for a
substantial rally.
Riordan. Mitchell, Hentz and Waters
good buyers Ring shorts look to be COW
ering.
Sentiment in the cotton market is play
ing greater part than it is entitled to.
me ring crowd were good buyers today,
winch gave the market a steady tone dur
ing the ,, early trading Wall Street were
Hicks principal buyers Riordan leading
seller.
The Mexican situation in some quar-
tiers is regarded as a bearsh feature;
others saw in the menace of Intervention
a .bullish card for the cotton market A
wire from n. 7. Blackwell editor of The
Cotton and Cotton Oil News saws that
war with Mexico of three months dura-
uon would cost Texas 1000 900 bales of
cotton from this years crop, as one-fifth
OF Texas crop is raised and harvested by
MeXlcans and recruiting offices in Texas
now besleged 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 saving 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
mouse, with the object of securing the
In local trade circles the impression
seemed to prevail that, even if the COM
mittee should be discharged from consid-
Grafton of the bill, the senators from New
its passage"
Port receipts are today estimated at
1000 bales, compared with 272O1 last
week and 1852 last year, against 10. 1872
bales for the same week in 1911.
Following are II a. m. bids: March
L; -. May 1905, July 12,12, october 11.55.
c, 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
Tor 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 i higher
Nothing doing on Smith bill today. SEN
ate acting on department of labor bill
now. Tomorrow morning they will prob
ably vote whether the judiciary committee
viii 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 were 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
Mexican situation seemed to be improV-
ing. No progress was made by the anti
future people at Washington. UnfavOr
able and teamwork delaying weather was
promised for the cotton belt.
Favorable reports came from the
American dry goods centers. And to top
all, rumor has it that the Balkan war
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 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 gem
orally appeared resigned if not to a 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 . 3 200 to $500 1888
Galveston $500 to $500 9,335