Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-03-04
COTTON GOSSIP

The demand for spots has fallen Off
TO some extent, but not sufficiently 10
encourage speculation to sell the market
short. This ACCOUNTS for the stubborn
ness shown when prices fell under the
12-cent level. The trade seems to have
assumed a waiting attitude and as a
consequence business has been on very
moderate lines for the past few weeks.
II. +. Bachman & Company say:
The principal business which is being
done at present time is the Straddling
of New York and Liverpool, owing to
the large quantity of low grades, which
has been a weight on the Southern
markets, and the belief that eventually
a large quantity of this cotton will
While there is chance of moderate
profits on this transaction, we do not
think present differences will widen sui :
fciently to make this straddle re-
munerative affair.
THE discount on low grades in the
Southern markets has been attractive
to European spinners and large quaint
ties of this cotton have been bought
for shipment abroad In the event that
the new crop should have an unfavor-
able start. there is no doubt that the
demand for this kind of cotton should
improve and the pressure which the
market has felt for some time would
disappear
Weather conditions have not been
favora bic in the cotton belt. Too much
rain in the eastern belt and cold wealth
err in the western belt have worked
against crop preparations. However,
there Is plenty of time to get things
in shape.
ward & Clark: THE weather map
shows fair in the northern half of Geor-
gia and the Carolinas, cloudy over the
rest of the belt, general rains west of
quarter OF the belt Ralnstorm cen
tered over North Louisiana, passing
eastward, will cause general rains in
the Central and Eastern States, cloudy
and colder in West. Continued bad
weather likely"
Small craft warning on Louisiana and
Texas coast Moderate to brisk north
erly winds are indicated for the Texas
coast today and for the Louisiana coast
tonight.
Cotton fire here last night destroyed
$500 bales in Louisiana Railway cotton
sheds.
New York wires 'IIeinekin and
Vogelsang cable; Russia reports large
business pending.
The New Orleans Times Democrat
says: Yesterdays slump was explained
In various ways. 1t was said, for eX
ample, that fear of Mexican compllca-
tons had frightened holders of spots,
as well as the few remaining bulls in
futures. This explanation did not carry
much weight with people who noted
that the New York Stock Market held
its own well, as it would hardly do If
hostilities We're imminent; then again
i G mt ~ arero
movement had caused most traders to
revise their ideas of the crop and that
the average estimate was now in the
neighborhood of $4,000, 900 bales.
AS to this phase of the problem.
there is no reason to eXpend thought
for the Census Bureaus final of gin
nings to be issued on March 20, will
close the debate but even If the crop were
1900 600, It is difficult to see how the
trade could be comfortable till bum
per supply from the new crop was as
sured. for the present statistics are
padded with mass Of stuff, which is
cotton in nam" "nly, and this fact is
quite sure to become plain a little later
on"