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

NEW YORK, Jan. 16.-Mitchel, 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 it looked as If
the edge of the market was off.
The next ginners' report will be pub
lished at 10 a. m. January % and will
show the amount of cotton ginned to
January Is.
March has 'em 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 1917 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 $4,000 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. II is under
stood that Mr. Fleming has accepted a
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
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
age price on quarter million stock mere
would probably be Y 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 goods. If this continues do not look
for much further decline in cotton.
Think next ginnings will 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 bleached
cottons Yesterday, fully 1000 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 reducedr- Is gradually in
creasing. and / have not changed my
views. | believe while we are going 10
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 go
some higher on account Of forcing
March to a good deliverable basis"
English consols advanced from 715s
yesterday to 1924 to-day, probably on ac-
count of breaking the strike In South
Africa.
Spot revision:
Bulish grade revision will strengthen
contracts Ordinary and low ordinary
4 lower.
Good ordinary and strict good ordinary
NC lower.
Low middling to mddlng unchanged
Strict middling and above a up.
Color differences widened Is to a
greater than before.