Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-02-04
COTTON GOSSIP

NEW YORK, Feb S.-The market
started higher on firm cables and the
tone looked good for a while, but to-
ward De end of the first hour 1t expe-
rienced its customary fainting spell, this
time. on selling by Liverpool and scat
tered offerings of March by spot houses.
This selling found the market practi-
calIy bare of orders until May got to
1908, where there was good demand,
which, however. had only rallied prices
points to noon
Sentiment is consdera bly, mixed, but
May around IL cents looks to be fair
price considering the quoted values for
spots observed j. 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 arc that farm
es are working overtime in preparing
their lands for spring planting. Spleen
did plowing weather Immediately after
heavy rains has greatly facilitated prep
araton of the soil. The acreage, it is
predicted, will be the largest ever
planted.
Holders of spot cotton in Georgia are
standing pat, according to advices re-
ceived from that State. The Continent
basis is constantly working higher.
Upward of 300, 900 bales of cotton were
exported during the last week of jan
uary and a large amount is on shipboar I'd
but not vet cleared According to The
ton on shipboard Friday night was 234,
1854 bales, compared with only 1888, 461
bales at the corresponding date last
year, leaving port stocks actually at
S5o,7SS bales, compared with 675,S67
bales year ago.
NEW ORLEANS, Feb. 3.-Hayward &
Clark: The weather map shows cloudy
over the entire belt; raining in South
Arkansas. Otherwise. no rain.
Houston reports cotton fire at Gin
ton press, with 5000 bales threatened.
The New Orleans Times Democrat
says: After a decline of about 40
points the cotton market seems to have
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 subjoned telegram
from Temple, Texas, dated January 81:
we nave Hdd no trouble selling cotton
at good prices and only to-day we have
large order from Bremen, good al
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 beer
delayed in marketing on account of the
bad roads. and every bale finds ready
sale at the best basis of the sea son
very large Eastern spot house is a heavy
and aggressive buyer. and is takins
everything, regardless of grade. and al
prices that we find prohibitive. The
stocks are fast disappearing out of the
country and the mills will soon find II
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 a continuance of the boom would
be utterly abnormal"