Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-03
COTTON GOSSIP

NEW YORK, April 3.-N. l.. Carpen-
ter a Co.: The opening was quiet with
trading light. There was some selling
by Wall Street spectators and Wal
Street operators
on the decline there seemed to be a
good demand coming from brokers who
usually represent spot interests. Many
conservative operators sold the new crop
as weather conditions we're favorable.
There is no special news on spots
The weakness in May during the fore
noon was caused by heavy selling by
GWathmey. Spencer and Waters offered
May points over July
May option was in active demand.
4 The ring was inclined 10 sell the new
crop. but seemed afraid TO sell near
Pell brokers have been very heavy
buyers during the past few days and are
said TO represent Memphis shorts.
May continues 10 increase It's premium
over July. Last week May was selling
Z points over July. but to-day it in
creased its premium To - points ana
promises TO add 90 the difference.
There has been considerable gossip
1 in regard 20 the future Of MAY. The
impression is strong. and has gained
/ Considera bic Credence that II viii follow
the routine OF January and March.
The short interest in MAY IS said 90 be
extremely large and those who are short
on the option are getting out as rapidly
as possible. They do not care 10 be
caught mapping in squeeze like
March.
Following are n a. m bids. Nav u. q,
July 1913. October n Sc. January IL So
NEW ORLEANS. April 3-Hayward
& Clark The weather map is favor
able and shows part cloudy 20 fair over
the entire belt. There was no rain eX-
cept one hundredth Of an inch at Fort
Worth and Palestine and 90 at Fort
Smith. Ark. Indications are for clear
ing 20 cool In Western states. unsettled
and showers in Arkansas and Tennes-
see. possibly ia north Mississippi and
part cloudy 20 fair over the rest of the
Southeast storm warning The Louis
lana and Texas coast disturbance over
Kansas viii move eastward and cause
brisk sCuthprly winds on the Louisiana
coast ana brisk 10 high southerly To-
westerly winds ON the Texas coast to
day and tonight.
spots neglected. reported only ono
broker buying a little staple for Liver
pool.
The New Orleans Times Democrat
avs The cotton market is more m
an enigma than ever Most merchants
complain Of no demand. and the COM
plant rs SO general that IL has become
uninteresting Nevertheless. spot sales
in some volume were made bN the
Southern markets Yesterday and specu-
lators in all the markets avoided short
sales Of May contracts IN spite or The
bearish claim that the ton has been
reached. The old crop is hy no means
a corpse. and may play fresh havoc with
the short seller az discounts before July
shan have passed into history.
"Favora bic weather during the past
few. DAYS has resulted in great activity
on the farms. consequently. the chardc-
ter ~ reports coming from the Interior
shows great Improvement However,
the early producing section of south
west Texas IS a result OF the cold
weather Of two weeks ago, now is de-
cIared 10 be fun thirty davs late.
fact which can not fail to be reflected
m the July-AuEIst movement
DELAYS Of importance have also oC-
rurrel IN other sections of the belt ami
the talent no longer counts on a full
early movement However. the big crop
man is not worried by such develop
ueuts. because he knows the South has
learned much Is. recent wears. enough
100 fact $50 Co pitch sUd fertilize and
cultivate The cotton crop as greatly -D
reduce I.t danger ~ short WELD.
Follow .lg are fp h-a~. Man.
1853. ru.E. go. ncroar.. 1885, Janu-
ara. Hf
Estimated receipts irs Fr aaN-
NtN orleans. .....- l.r"" iu 200 o.lr-