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

| Ihe demand for spots has fallen off
/ 10 some extent, but not sufficiently to
/ encourage speculation to sell the market
! short This accounts for the stubborn
| ness shown when prices fell under the
! l2-cent level The trade seems TO have
assumed a waiting attitude and as 4
! consequence business has been on very
moderate lines for the past few weeks.
II. T. 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 weight on the southern
| markets, and the belief that eventually
large quantity of this cotton will
| While there is chance Of moderate
profits on this transaction. we do not
think present differences will widen suf-
| ficiently to make this straddle a re-
| munerative affair
The discount on low grades in the
Southern markets has been attractive
TO European spinners and large quantl-
| 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
favorable in the cotton belt. Too much
rain in the eastern belt and cold wealth
er in the western belt have worked
against crop preparations, However.
there is plenty of time to get things
in shape.
ward e 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
the River. colder in the northwestern
quarter OF the belt. Rainstorm CEN
tered over North Louisiana, passing
eastward, win cause general rains in
the Central and Eastern States. cloudy
and colder in West Continued bad
Small craft warning on Louisiana and
Texas coast Moderate to brisk north
ery 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: "Heinekin and
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 complica-
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
hostilites We're imminent; then again
1t was said that the persistently large
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. 600 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
1000 600, it is difficult to see how the
trade could be comfortable till a bum
per supply from the new crop was as
sured, for the present statistics are
padded with mass of stuff. which is
cotton IN name only. and this fact is
quite sure TO become plain little later
on"