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

( NEW YORK. April ~. L. Carpen-
ter X Co. The cotton market opened
! quiet. but there was disposition by
ring crowd TO sell and no special sup
. port IN evidence The decline started ON
Seiiin& by brokers who usually represent
The uptown crowd ana Wall street
Commission houses We're apparently
the best buyers on the decline. ne
selling was based on private contilol
! reports and favorable weather cohui-
I tons
! Virgins was the principal buyer to-
+ day on the cali MCFadden and Mont
/ Gwa,hmvy, McGhee Schill, Mohr, Heutz.
Shearson and Wilson were leading SELL
! ers.
! The feeling to-day among the averag
trader was very beaTish The ring
crowd Inclined 10 sell. but the contin-
/ ued unfayorable river news is causing
: hesitancy among them To sell short.
4 When il comes 10 iuuidatiug any great
amount OF cotton they apparently nave
{ cold feet
The larger spot firms continue to Alb
sorh Offering remarkably well. This
, buying Is in the face Of repirts that
I hands on the market for the present,
( pending lower levels. But. when such
/ interests as McFadden. Pell and Weld
puA cotton. especially the actual lneN
nave a pretty good tip that somebody
VIII nave To buy sooner or later. and II
+ seems as If the bull card has not been
/ completed. 1t is noticeable that shorts
( run TO coyed on the slightest of encour-
| aging news
| Mr. :. Tate says. 81 feel huIlish on
/ cotton and look fn~ higher prices and
I ''ish developments as the season ad-
/ NanteS. Trade conditions are reported
! good. our exports Of cotton To- date are
! GOtO 600 bales less than to the same time
! last year while the American crop is a
shade over 100000 bales less than the
/ previous year.
From the present outlook American
/ mills should take fully 800 GOO bales more
| and our exports To satisfy natural re-
! quirements should be easily 1000 600 to
! loco.oUo 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 Il a. mn. bids. May 10 o..
/ July 1908. October ll.50, January 1850
NEW ORLEANS. April Hayward
| a Clark: The weather map shows very
! favorable part cloudy to fair in belt.
/ No ratneNcept little in southwest Tex
! as. where IL was badly needed. lndi-
/ cations are for cloudy and unsettled IN
] tue western suites. nut no NIttiplld-
! ton Of consequence, cloudy in central
| states and fair in eastern states
/ Washington forecast for week. Rain
] fan during coming week will be gener-
/ ly light and local temperature will aver
age near oS slightly above normal in
| Southern states
! Memphis wires. 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 j.. An increased acreage is Contem-
/ plated by farmers i'm that section.
! IN Georgia much Of the gain lost by
/ two weeks o funfavorable weather was
! rogained on account of the prevalence
| of favorable weather practically for the
| week 90
| Austin. Texas. says: Good weather
/ all over state enabled farmers to make
| great Roadway with crous the past week
| Cotton being planted in over part Of
| central Texas. In extreme southern part
/ plants are up and doing nicely Reports
! Increase iu cotton acreage in that re-
! giuu. Thousands Of acres ~ ranch land
! broken uu for first time and going into
/ cotton. In some counties 81 the south
| plains country the increase viii he sew
| eral hundred per cent
/ Liverpool cables Think Liverpool
firms will combine to take mp May IN
] New York.
Washington saws light frost i'm interior
of North Carolina tonight.
Following are 10 a. inf bids. MAY L. u
Estimated receipts for Tuesday:
New orleans . 600 To e.50G j.f2I
| Galveston = 500 To $500 1l.l9i