Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-10
COTTON GOSSIP

NEW YORK. April 1O.--J. NJ. Ander-
son says: The cotton market opened
quiet with light transactions. Bulls were
aggressive in bidding, but purchased III
tie cotton. The ring sold freely.
Liverpool continues to report large
sales, with increase in prices.
Spot cotton holders continue stubborn
as ever. No one seems to be buying lle
raw material except for immediate use
Holders are inclined to wait untl me
market retrieves the upward trend be-
fore they liquidate.
Following are II a. m. bids: May,
l2:lS; July, 12.l0; October il-59' Jan
uary, ll.5S.
NEW ORLEANS. April 10.-Haywood
& Clark: Weather indications are Iof
clearing over the entire belt except
some scattered showers tonight IN the
Atlantics. \ good spell is Indicated Tor
the next five days.
Habersham King in report dated
April s says: THE western edge OF
Texas is unfavorably. though not in
iuriously. dry. The southeast part or
Arkansas, Northern Mississippi and Ala-
bama and Western Tennessee, together
with parts of North Central and Nortn-
ern Georgia are unfayorably though not
iniuriousT wet, These sections produce
/, 500. OG0 TO 1000, GOO bales. Except in
these regions developments attending
preparations have been better than nor
NAL.
Briefly. l should say So to 80 per cent
of the crop is better than avera ge, ana
10 to 10 per cent is about normal
The Journal Of Commerce SAYS: PR
waite reports were 10 the effect that the
crop is making fine progress IN IeXass
and similar reports come from parts OF
the eastern belt Georgia advices were
10 ,' the effect that the crop in the i'm
portauJ Albany section is the earliest
ever known, that chopping is well unSeI
way on an increased acreage, ana that
a perfect stand seems assured.
The ST Francis River levee broke
one mile below Wilson, Ark, yesterday
afternoon, two other weak spots deNeI-
oped, one al Mound City and one ai
0sceala, where the. water o,Xertopps1
the leNee These breaks will relieve
Memphis temporarily, but rains yester-
day throughout Arkansas and the RAPID
rise expected from the Ohio River ana
the upper Mississippi tributaries VIII
bring another flood Fears are enter
tanned of levees being overtopped or
broken through the entire st. Francis
River system near Memphis IN Arkah-
New Orleans reported general rain
storms in much Of the Southern nood
territory yesterday. rebuilding the rear
felt for weakening levees. In BATON
Rouge downpour left SIX lncnes OF
water standing in the streets. At New
Orleans the river is expected TO go 70
% feet the highest mark of 1872. with
the probability Of its going higher.
ST Louis reported heavy rain over
northern and eastern Texas, Oklahoma
Kansas, Arkansas. Louisiana ana MIS-
sssippi during Tuesday and Wednesday
the downpour continuing last night. Al
Natchcz Miss, the levees are being
raised 3Ia feet above its highest stage
LIVERPOOL cables: american mid.
ding fair. Sod; good mlddling, 7.22di
middling. 700: low middling, $50; good
ordinary 6.50d; ordinary, Sled
The New orleans Times Democrat
cotton summary: Points IN Arkansas
reported the heaviest rainfall on record
there. which augmented the volume OF
the greatest flood ever known in the
Mississippi River and made the New
Orleans talent extremely nervous ana
May and July shorts covered freely. As
a result the May delivery here was
quoted higher at tho close than stand
ard middling is quoted in this market
Since Monday the demand for the actual
cotton in the South has been a little
more restricted. but spots are not
weighing on the market anywhere and
spot owners seem content 70 await de-
velopments.
Nobody any longer makes any pre-
tense OF minimizing The seriousness 81
the flood situation. important breaks in
the levaes below Memphis are now gen.
orally expected. Some operators say
the market. expecting an overflow, has
discounted the effect Of an inundatiOn
NJ the cotton lands Of the Mississippi
River country. But here the question
arises. has the economic effect Of a sec
ond inundatiOn on the affairs Of the
valley been discounted
THE present food probably viii pass
out 20 the Gulf I'm ample time TO permit
the valley farmers to make crop, but
I'm this connection II should be remem-
hered that the losses accustomed by the
floods Of last year have not yet all been
made up"
Following are 10 a. m. bids: MAY.
l2.5s; july, 12.45; October, l.65: jan
uary. 1859.
Estimated receipts for Friday:
1918. 1912
New Orleans ....... 100 10 3. 800 3.s53
Galveston .......... 800 to 800 1893