Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-12
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. March In. L. Carpen
ter d Co.: j. NJ. Anderson says: THE
opening was disappointing. There were
free offerings by some of speculative in
terst and the principal support seemed
to be scattered short covering. How
ever, there were several fair lots of Oc-
tober bought, said to be for the South and
West. Memphis was reported buyer in
this market"
Neill Bros. estimate the consumption as
more than 14,750,O00 bales. Somewhat
The New Orleans cotton exchange will
be closed Good Friday and the Saturday
following.
Schill, Mitchell and Hooper were among
the leading sellers at noon. causing UNI
easiness to the market Very little sup
port was rendered Mitchell and Hent2
offered the market down. Seidenberg,
Schill, Shearson. Adams and Gearon were
free sellers of May and July. The buying
was scattered. Baruch Bros. sold July
Warehouse stocks in New York today
are no. 20. certit1cated 91026 bales.
Spinners' agents have been fairly good
buyers of May, July and october during
the past few days, but this buying fails
to encourage any, substantial buying here
Pine Bluff, Ark, wires that there are
10000 bales of cotton In compress there,
against 5000 bales last year.
Texas wired yesterday that the demand
for, spots was good and In excess of Of
A wire from Albany, Ga, said planting
already has begun and preparations are
the best ever known in that section OF
progressive farming.
Following are II a, m. bids; March 1217,
NEW ORLEANS. March 12.-Hayward
in the Carolinas; cloudy elsewhere; nc
precipitation in eastern half. General
rains in western half. but mostly light,
except heavy in Houston section; 1ndi-
ably heavy rains indicated to come on en-
tire belt next two days.
Liverpool cables: American middling
fair 1880. g29dl middlinig 7O4d; middling
6.S0d, ordinary 5,96d"
Spots here duller today, but prices un-
changed. Spots brokers say factors want
to sell.
The New Orleans Times Democrat says:
Recently there has been much talk about
the Memphis spot market and many tel
egrame of a conflicting character have
reached the trade from that market,
However, the bear contingent invariably
found what appeared to them to be con-
vincing evidence that Memphis spot own
Orleans talent understood that Memphis
would officially reduce the price of mid
ding by 3-16c. The reduction amounted
to Lice only. Yesterday there was re-
newed talk of sharp reductions at Mem.
phis, but the official report showed saleh
there of 1900 bales on the spot and no
change in quotations.
And so the bear talent said things
about Memphis that attracted attention,
but would not look nice in cold print.
Meanwhile, Houston and Dallas have adj
vanced their quotations 1-16c, and by
way of comment Dallas wired: Demand
for spots continues in excess of offerings
and the basis Is now at the highest pre-
MUM of the season. Liverpool houses
have been the strongest buyers recently,
but we hear of better continental de-
mand today
From all of which It would seem that
low price people have dreamed of crum-
bling spot markets so often that they
have come to regard visions as things OF
true potentiality, and have been guilty
of taking the shadow for the substance"
Following are 10 a. m bids March
1926, May 1918, July 1908, October II. 46,
Estimated receipts for Thursday:
1913. 1912
New Orleans ...... 500 to 1000 10,077
Galveston ......... 5000 to 1000 1854
NEW YORK coEEEE MARKET