Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-02-03
COTTON GOSSIP

NEW YORK, Feb. S.-The market
started higher on firm cables and the
tone looked good for while, but to-
ward ~ end of the first hour 1t expe-
renceo ITS customary fainting spell, this
time, on selling by Liverpool and scat
tered offerings of March by spot houses.
rms selling found the market prscti-
cally bare of orders until May got to
l2-0S; where there was good demand,
which, however, had only rallied prices
points to noon.
Sentiment is considerably mixed but
May around IL cents looks to be a fair
price considering the quoted values for
spots" observed ]. NJ. Anderson.
A South Carolina spot house wired
our commitments for February are
heavier than for January; see no signs
of let-up in export demand"
Advices from Texas are that farm
es are working overtime in preparing
their lands for spring planting. Splen-
did blowing weather Immediately after
aration of the soil. The acreage, 1t is
predicted, will be the largest ever
planted.
Holders Of spot cotton In Georgia are
standing pat, according to advices re-
and Liverpool continue TO buy. and the
basis is constantly working higher.
Upward of 100000 bales of cotton were
exported during the last week of jan
uary and large amount IS on shipboard
but not yet cleared. According to The
Chronicles figures, the quantity of cot
ton on shipboard Friday night was 234,
Sb4 bales, compared with only 1S3.46
bales at the corresponding date last
q vt OfN liz
S5o,1ss bales. compared with 1887
bales year ago.
NEW ORLEANS. Feb 3.-Hayward 4
Clark: The weather map shows cloudy
Arkansas. Otherwise, no rain.
Houston reports cotton fire at Gin
ton press, with $4,000 bales threatened.
The New Orleans Times Democrat
says: After a decline OF about 40
points the cotton market seems to have
paused to await fresh developments in
the spot situation. Most professionals
have believed that the demand for the
actual stuff would collapse with the full
nllment of January contracts But there
appears to be grave doubt as to the COR
rectness of this view.
For example. Moyse & Holmes yes
terday received the subjoined telegram
iloHl Temple, 1eXdS, dated January 81 :
we have had no trouble selling cotton
at good prices and only to-day we have
a large order from Bremen, good all
next week. at the same time increasing
their basis IL American points over what
we have been selling them. Temple re-
ceipts have been very free-in fact,
heavy. II is all cotton which has been
delayed in marketing on account of the
Dad roads, and every bale finds ready
sale at the best basis of the season. K
very large Eastern spot house is heavy
and aggressive buyer, and is taking
everything, regardless of grade, and at
prices that we find prohibitive. The
stocks are fast disappearing out of the
country and the mills will soon find IT
hard to get the raw material to satisfy
wants. We can not be bearish until
this spot demand slackens and cotton
gets to be drag on the market
1T is, of course. perfectly idle to
dogmatize on such matters. but certain
ly there is no obvious reason to look for
slump In trade. Rather should one ex-
pect continuance of the demand,
though continuance of the boom would
be utterly abnormal"