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


NEW YORK, April 10. NJ, Ander-
son says The cotton market opened
quiet with light transactions. Bulls were
aggressive in bidding. but purchased Ut
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 Tue
raw material except for immediate use.
Holders are inclined to wait unlu me
market retrieves the upward trehd De
fore they liquidate.
Following are II a. m bids: May
1913; July, 1910; october ll.oS' Jan
uary, ll59.
NEW ORLEANS, April l0.-Haywood
& Clark: Weather indications are LOT
clearing over the entire belt eAc tlI
some scattered showers tonight IN me
Atantics good spell is indicated Tor
the next five days.
Habersham King in a report dated
April says: The western edge Of
Texas is unfavorably, though not m
jurously, dry. The southeast part OF
Arkansas, Northern Mississippi and Ala-
bama and Western Tennessee, together
with parts of North Central and North
ern Georgia are unfaVorably thouen uot
injuriousiy wet. These sections produce
/ 500 000 to 1000 900 bales Except IN
these regions developments Attending
preparations have been better than nor
NAL
briefly. / should say So to 30 per cent
Of the crop is better than average. ana
10 to Is per cent is about normal
The Journal of Commerce says PR
vate reports were TO the erect that the
crop is making fine progress in texas,
and similar reports come from paris oI
the eastern belt Georgia advices were
to the effect that the crop IN the iin
portant Albany section is the earliest
ever known, that chopping Is wen uh1ei
way on an increased acreage ana tiiat
perfect stand seems assured.
The St Francis River levee broke
one mile below Wilson, Ark, yesterday
afternoon, two other weak spots deNel-
oped. one at Mound City and one az
1 Oscella, where the water oyertoPped
the levee These breaks win relieve
Memphis temporarily, but rains yeste!
day throughout Arkansas and the rapld
rise expected from the Ohio River ana
the upper Mississippi tributaries VIII
bring another flood Fears are enter
tanned Of levees being oVertoppeu OF
broken through the entire -. Frahcls
River system near Memphis IN Arhah-
sas.
New orleans reported general rain,
storms i'm much of the southern noou
territory yesterday. redoubiing the fear
felt FOR weakening ievees. In Baton
Rouge a downpour left six inches OF
water standing in the streets. Al new
Orleans the river is expected to go TO
| % feet. the highest mark of 1917, win
the probability of its going higher.
St Louis reported heavy rain over
northern and eastern Texas, oklahoma,
Kansas, Arkansas. Louisiana and MIS-
sissippi during Tuesday and wednesday,
Z lac IA a
Natchez Miss, the levees are being
raised 3ia feet above its highest stage
of last year.
Liverpool cables. American mid
| ding fair, 7.56d good middling, I.2zd;
middling, 200; low middling. 6.S4d; good
| ordinary 6.50d ordinary. 6.l6d.
The New Orleans Times Democrat 8
cotton summary: Points IN Arkansas
reported the heaviest rainfall on RECORD
/ there which augmented the volume OF
/ the greatest food ever known In the
! Mississippi River and made the New
! Orleans talent extremely nervous ana
May and July shorts covered freely AS
! result the May delivery here was
quoted higher at the close than stand
/ ard middling is quoted in this market
Since Monday the demand for the actual
cotton in the south has been niue
more restricted, but spots are mol
weighing on the market anywhere ana
spot owners seem content TO await de-
velopments.
Nobody any longer MAKES any pre-
tense OF minimizing the seriousness Of
the flood situation. important breaks In
the levees below Memphis are now gen.
orally expected. Some operators say
the market expecting an overflow has
discounted the effect OF an inundatiou
0f the cotton lands Of the Mississippi
River country But here the question
arises has the economic effect Of a sec
ond inundati0n on the affairs Of the
valley been discounted
"The present food probably VIII pass
out to the Gulf in ample time 70 permit
the valley farmers 10 make a crop. hut
TN this connection IL should he remem-
hered that the losses ocCasioned by the
floods Of last year have not yet ali been
made up"
Following are 10 a. NJ. bids May,
y IS; July, 1916; october. 1875; Jan
uary. II 60
Estimated receipts for Friday:
1918. 1872