Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-07
COTTON GOSSIP

NEW YORK. April N. L. Carpen-,
Ter Co: The cotton market opened
quiet, but there was a disposition by
ring crowd to sell and no special sup
port in evidence. The decline started on
selling by brokers who usually represent
the uptown crowd and Wall street.
Commission houses were apparently
the best buyers on the decline. me
selling was based on private condluoh
reports and favorable weather condl-
tons.
Virgins was the principal buyer to-
day on the call. McFadden and Mont
gomery also good buyers. Chairman,
GWathmey, McGhee, Schill, Mohr. HentZ,
Shearson and Wilson were leading sell
ers.
The feeling to-day among the average
trader was very bearish. The ring
crowd inclined 10 SELL but the contin-
ued unf@vorable river news is causing
hesitancy among them % sell short
When il comes to liquidating any great
amount of cotton they apparently have
cold feet.
The larger spot firms continue to alb
sorb offering remarkably well. TINS
buying is in the face of repirts that
Spinners and mills have taken their
hands off the market for the. present
pending lower levels. But. when such
interests as McFadden, Pell and Weld
buy cotton, especially the actual they
have pretty good tip that somebody
VIII have to buy sooner or later and II
completed. II is noticeable that shorts
run to coved on the slightest of encour-
aging news.
Mr.. $. Tate saws. 81 feel bulIish on
cotton and lool, for higher prices and
'llish developments as the season ad-
vances. Trade conditions are reported
good. our exports Of cotton to date are
1000 600 bales less than to the same time
last year. while the American crop is
shade over 100000 bales less than the
previous year.
From the present outlook American
mills should take fully 100000 bales more
and our exports to satisfy natural re-
quirements should be easily I 600, 600 to
l 500 600 bales more; therefore. the cot
ton spinner must realize that he has to
depend entirely on the prospects of the
new crop for its supplies for another
year.
IF we have a financial panic. which
seems very improbable and the working
of spinners is less curtailed. we may
have to look at these figures from diff
ferent point, but at present prospects
are good and the statistical position Of
cotton is strong and | would favor work
ing TO the long side -
Following are II a. M bids. May 1907,
July 1904. october II. 50, January 1880,
NEW ORLEANS. April Hayward
a Clark. The weather map shows very
favorable part cloudy to fair in belt
No raineXcept a little in southwest Tex
as. where it was badly needed. Indi-
cations are for cloudy and unsettled in
the western states. but no precipita-
ton of consequence. cloudy in central
states and fair in eastern states.
Washington forecast for week: Rain
fall during coming week will he Rener-
~ light and local temperature will aver
age near os slightly above normal in
Southern states "
Memphis wires. 1.-THE weather during
the last week has been favorable and
preparation for the cotton crop advanced
rapidly. In Texas planting has pro-
crossed rapidly and much Of the cotton
is p. An Increased acreage is contem-
plated by farmers in that section.
I'm Georgia much Of the gain lost by
two weeks funfavorabl BILE weather was
regained on account of the prevalence
OF favorable weather practically for the
week"
Austin, Texas. SAYS. Good weather
all over state enabled farmers to make
great Roadway with crops the past week
Cotton being planted in lower part Of
central Texas. In extreme southern part
plants are up and doing nicely. Reports
from western Texas show an enormous
increase in cotton acreage in that re-
gion. Thousands Of acres Of ranch land
broken IN for first time and going into
cotton. In some counties Of the south
plains country the increase will be sew
eral hundred per cent"
Liverpool cables. Think Liverpool
firms will combine TO take up May in
New York
Washington says light frost in interior
of North Carolina tonight
Following are 10 a. mh bids MAY Il Al.
/ July 1881, October 11.52 January II 56.
Estimated receipts for Tuesday:
1918 1912
New Orleans 1000 to $500 5.421
| Galveston o.. $500 10 $500 1l,lg4