Atlanta Georgian., 1913-03-12
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 12.-N. l.. Carpen-
ter y Co.: j. NJ. Anderson says: 1.-THE
9epening was disappointing There were
.Iee e onerlngs by some of speculative in
terSt and the principal support seemed
TO be scattered short covering How
ever, there were several fair lots of Oc-
tober bought, said to be for the South and
West. Memphis was reported buyer in
this market"
Neill Bros. estimate the consumption as
more than 14,750,00O bales. Somewhat
The New Orleans cotton exchange will
be closed Good Friday and the Saturday
following.
Schill, Mitchell and Hooper were among
easiness to the market Very little sup
port was rendered. Mitchell and Hentz
eHered the market down. Seidenberg,
tree sellers of May and July. The buying
was scattered. Baruch Bros sold July.
Warehouse stocks in New York today
are l5,12o' certif1cated 91,o26 bales.
buyers of May, July and October during
the past few days, but this buying fails
to ENC encourage any substantial buying here.
10000 bales of cotton in compress there,
against 10000 bales last year
Texas wired yesterday that the demand
for spots was good and in excess of Of
ferings.
A wire from Albany Ga, said planting
already has begun and preparations are
the best ever known in that section OF
progressive farming.
Following are II a. m. bids: March 1217,
May l.SS, July 11.Sl, October Hap.
NEW ORLEANS, March 12-Hayward
& Clark: The weather map shows fair
in the Carolinas; cloudy elsewhere; no
precipitation in eastern half General
rains in western half, but mostly light,
except heavy In Houston section: Indi-
ably heavy rains indicated to come on en-
tire belt next two days.
Liverpool cables: american middling
fair 7.$Sd, good middling 7.O4d, middling
5000, ordinary seed
Spots here duller today, but prices un-
changed. Spots brokers say factors want
to sell,
The New Orleans Times Democrat says:
Recently there has been much talk about
the Memphis spot market and many tel
egrame of a conflicting character have
reached the trade from that market.
However, the bear contingent invariably
found what appeared to them to be con-
vincing evidence that Memphis spot own
Orleans talent understood that Memphis
would officially reduce the price of mid
ding by 3-16c. The reduction amounted
to 1-16c only. Yesterday there was re-
phis, but the official report showed saleh
there of 1900 bales on the spot and no
change in quotations.
And so the bear talent said things
about Memphis that attracted attention,
but would not look nice in cold print.
Meanwhile, Houston and Dallas have ad-
vanced their quotations 1-16c, and by
way of comment Dallas wired: Demand
for spots continues in excess of offerings
and the basis is now at the highest pre-
MUM of the season. Liverpool houses
have been the strongest buyers recently,
but we hear of better continental de-
mand today
From all of which It would seem that
low price people have dreamed of crum-
bling spot markets so often that they
have come to regard visions as things of
true potentialty, and have been guilty
of taking the shadow for the substance"
Following are 10 a. m. bids: March
1926, May 1913, July 1908, October II. .46.
Estimated receipts for Thursday:
1918. 1912.
New Orleans w g. 500 to 1000 10077
Galveston ........ G, 900 to 1000 5554
NEW YORK coFFEE MARKET.