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

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 it looked as il
the edge of the market was off.
The next ginners' report will he pub
lished at 10 a. m. January % and viii
show the amount of cotton ginned to
January l6.
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 3,317 bales from Pacific
coast ports was reported yesterday.
That brings the total exports to Japan
this season up to $4,000 bales com
pared with 10000 last season,
L. l.. Fleming. with e. f. Hutton &.
Co, has posted his Cotton Exchange seat
and announced his intention of retiring
from the cotton business 1t is under
StOOu JIdI MT. flellltlS mas accepted IL
position with the Studebaker Corpora
ton. whose main office is at South
Bend, Ind.
Memphis wire reads: Good sales here
after hours to-day. South firm believer
harder to buy every day. Demand active
and broad Interior points all reporting
good inquiry and active business. Aver
age price on quarter million stock here
would probably be &c above your con-
tracts. Money in much freer supply;
Eastern funds offering freely With gen
eral outlook improving, better trade re-
ports cotton goods and authorities on
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
improvement in trade Moderate inquiry
for much further decline in cotton.
Think next ginnings will be small"
The New York Journal OF Commerce
says: Cotton goods buyers are finding
a scarcity of many of the choice sta
pies. Following a revision in bleached
cottons yesterday, fully 200 cash were
sold before noon and orders continued to
come in steadily during the afternoon
Sterrett Tate says: THE advance in
cotton is unexplained, 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 to 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 | 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 bull market
comes, therefore | regard this advance
as temporary, though prices may 20
March to a good deliverable basis
NEW ORLEANS. Jan. 10 Hayward
G. Clark: The weather map shows
partly cloudy to cloudy over the entire
belt; no precipitation. Indications are
for unsettled scattered showers. big
storm area moving on New England
States.
English consols advanced from 7las
count of breaking the strike in South
Africa
Spot revision:
Bullish grade revision viii strengthen
Ordinary and low ordinary
a lower.
Good ordinary and strict good ordinary
nc lower
Low middling to middling unchanged
Strict mdding and above q up.
Color differences wiaened N to a
greater than before.
The New Orleans Times Democrat
says: Strength Of the actual helped
cotton market. A. rule
speculative friends Of the staple talk
higher prices, but do not buy contracts
In other words, they are mostly generals |
who talk up the long side apparently for !
he benefit Of an imaginary army Of /
workers in behalf Of the cause Of higher (
prices.
AT New Orleans a pronounced grade |
difference revision has undoubtedly
strengthened the near positions. as il re-
moves prospective profits from the reach
Of tenderers of certain low grades, which
have figured as a weight on the con-
tract market
Meanwhile, Savannah, which holds
the key to the New York supply OF actual
cotton has advanced middling ~ to l3c
but the New York March delivery closed
at 1851 General sentiment seems i'm
proving, but as yet it has not taken con
crete form in shape Of vigorous specula-
tive support. Many operators express
mildly bullish views others believe de-
clines will come, and still others voice
radically hulliSb pnipippG On tba faTa