Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-16
COTTON GOSSIP

NEW YORK. Jan. 10 Mitchell, Hentz
and Weld brokers were the leading buy
ers at the outset to-day Memphis
was also a good buyer. The selling
was scattered, but prices eased off after
the call through profit taking.
Cone, Dick Bros. and Wilson were the
leading sellers during the forenoon.
Support was lacking and 1t looked as If
the edge of the market was off.
The next ginners' report will be pub
lished at 10 a ~. January 20 and will
show the amount of cotton ginned TO
January ls.
March has EN- guessing.
The strength OF March option alarms
bear operators and the congestion In
March has been the keynote of the stead
mess displayed by the entire list OF late.
Attention was attracted again to the
large exports of cotton TO Japan, when
clearance of 3317 bales from Pacific
coast ports was reported yesterday.
That brings the total exports to Japan
Minis season up to $4,000 bales com
pared with 900 last season
L. l.. Fleming with f.. +, Hutton &
Co, has posted his Cotton Exchange seat
and announced his intention Of retiring
from Ine cotton business. II Is uIlu'I-
stood that Mr.. Fleming has accepted a
position with the Studebakcr Corpora
ton. whose main office is at South
Bend, Ind.
Memphis wire reads: Good sales hers
after hours to-day South firm believer
in modern crop and actually getting
harder to buy every day. Demand active
and broad Interior points all reporting
good inquiry and active business. Aver
would probably be q above your con
tracts. Money in much freer supply,
Eastern funds offering freely With gen
eral outlook improving, better trade re
consumption holding to large estimates.
market looks much higher and time ripe
to buy
one of the leading mill men OF North
Carolina wired from Charlotte: Slight
for goods. If this continues do not loo,
for much further decline in cotton.
Think next ginnings win be small
The New York journal Of Commerce
says: Cotton goods buyers are finding
scarcity of many of the choice sta
pies. Following a revision in beached
cottons yesterday, fully 1000 cash were
sold before noon and orders continued to
come in steadily during the afternoon"
Sterrett rate says THE advance in
cotton Is uneXpla lined. except the state
ment that spot interests are forcing
March options up, hoping to attract
cotton here, and the claim that there
has been some unusual buying 10 salts
fy January commitments.
Outside business is so small that il
would neither advance nor sustain the
market during the past two or three
weeks. The long interest, which had
been earlier reduced. Is gradually in
creasing and I have not changed my
views ! believe while We are going to
have very much higher prices later on,
this market Will gradually sag off in
prices before the final bun market
comes. therefore ! regard this advance
as temporary, though prices may go
some higher on account Of forcing
English consols advanced from 715s
yesterday to 722s to-day, probably on &c.
count of breaking the strike in South
Africa.
Spot revision;
Bullsh grade revision will strengthen
contracts. ordinary and low ordinary
"A lower.
Good ordinary and strict good ordinary
nc lower.
Low mddlng to middling unchanged
Strict middling and above Is UP.
Color differences widened * to "a
greater than before.