Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-03-18
STRINGS & co. WEEKLY COTTON RE
VIEW

| STRINGS & co. WEEKLY COTTON RE-
VIEW
| Springs & Co., of New York Weekly Re-
| view, says:
Under the whip and spur of bullish news,
March and roughly 800 to 400 points on other
| nonts, largely due to Frightening prospects
| for larger exports through an early signing
| Of the peace treaty. That would mean the
| lifting of the blockade of Germany. Ger
many would then buy heavily for it is prac-
tically without cotton. 1t would take large
| quantities of low grades 1t always does.
| And it has every incentive to buy heavily.
1t wants to regain lost markets. And when
| the time comes it is believed that ocean
tonnage to ship the cotton abroad will be
| Forthcoming. The crying need is for ocean
| tonnage. 1t is our belief that it will be found
Before the war the yearly exports ranged in
| some years from S,5OO,00O to 1O,5OO. 600
| Lrles. the latter being the high record, in
| 1911-12. And return to normal con-
ditions of peace. exports which last year
were only 4.476,124 bales with central ELL
rope left out and the rest of Europe econ
| omizing, will gradually move towards at
least double that quantity. Apart from
this Liverpool has been very large buyer
of March old contracts this week to cover
straddles. On the 18th instant old March
| advanced the limit of 200 points prescribed
by the rules of the exchange here for one
days fluctua tons whether upward or down
ward. Another distinctly bullish factor is
the lateness Of the season at the south. 1t
is four to six weeks lat. The government
reports show that preparations are far be-
hind and the time is near at hand for plant
ing to begin, that is March 18th, in the
southern half of Texas and April LIST to
April 5th in Louisiana, Florida, Mississippi
and Alabama. Also there is the determined
campaign to reduce the acreage SO per cent
People believe that something will come of
this even if the area is not reduced that
much. And by the new law only IL grades
are deliverable on contracts instead # TWEEN
ty-One up to March 4th and some twenty-
eight in old times. This drastic restriction
of course greatly strengthens the new con-
tact, especially as the grades deliverable
are scarce here. Another bracing factor is
the better demand for cotton goods. On
Wednesday the sales of print cloths and con-
at firmer prices. And Manchester more
active. 1t is doing moro business with the
Far East. Meanwhile exports of raw cotton
to France are beginning to increase.
Although reactions are to be expected
prices look relatively cheap by comparison
with cotton goods and also remem be%ing the
foct that there is practically n cotton fam
in& in Europe, more particularly on the con-
tirent. If by reason of bad weather a
ages of boil weevil which have been ia
yored by an unusually mild winter, the next
crop should prove to. be short, it would be
the fifth short crop in succession, aud what
the world would do for cotton and how high
prices might then go are decidedly inter
eSting questions. Tho business of the coun-
try has evidently set its face towards let
ter times. The recent rapid rise in the
stock market is reflection of this fact.
As for cotton English, japanese and French
interests have all been free buyers; also
Wall street. uptown, the west and Palm
Beach. Floria. We believe in buying on
s." ha cks.