Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-02
COTTON GOSSIP

NEW YORK, April IN. l.. Carpen-
ter & Co: While the opening was quiet,
there seemed TO be very little cotton for
sale After the call. the same forces who
supported the market yesterday were
aggressive buyers. causing short cover
ing by local shorts. The South was
said also TO be a buyer
Some Wall Street houses were among
those on the buying side, which was
said 10 be short covering.
II is believed there is still a short
interest existing. and with the unfavOra-
Bile news coming from the river districts
and the persistent buying by the larger
spot interests IL will carry the market
higher
There is no weakness reported in
spots,
Those who believe the market too high
are afraid to sell in the face of present
conditions.
McFadden. Craig and Weld brokers'
We're principal buyers on the advance
during the forenoon. McFadden was a
heavy buyer Of May.
After the call. Norden. Wilson. Nc
taodeu, Rothschild, OrVis, lngerSu!l and
Mitchell were leading sellers. Rosen-
berg, Bashford, ShantZ and ShearsOn
were principal sellers. The ring crowd
showedsa disposition 10 li1uidate
Browne, Drakeford & Co, Liverpool,
cable: Free offerings of actual selling
orders from the continent
Following are II a. m bids: May II 80,
July t21S. October 1851. January II 81.
NEW ORLEANS, April Hayward &
Clark: The weather map is ideal. II
shows partly cloudy TO fair over the en-
tire belt, with not a drop of rain any
where and generally warmer
Memphis wires: "Forecaster EmerN
last night revised his river stage predic-
tons for Memphis TO 45 feet. possibly
IS. The maximum last year was 45.3.'
Liverpool cables American middlng
fair 7.55d, good middling IBID. middling
6.29d, low. middling $3.50, good ordinary
Spots are reported dull. but owing to
the advance in futures. which put May
to 1889. they are about Lice higher
The weather bureau announced to-day
there would be continued slow rise
of waters at Cairo for the next five days,
River conditions below Cairo remain un-
changed and the bureau forecasts stages
between Memphis and New Orleans
slightly lower than those Of last year,
| provided there is no excessive rainfall
The Ohio River at Cincinnati has fallen
3-10ths OF foot since Tuesday morn
The New orleans Times Democrat
says: Though New York was ad-
yancing the price. New York thought
New Orleans was turning the trick
| Consequently, the talent spent most OF
yesterday trying to learn just what was
going on. As a matter Of fact, there
/ is some short in May at both New YORK
| and New Orleans. which is being made
| nervous by the promise Of larger exports
| in April and May by the sustained rela'
/ tive strength OF spots, and by the nov
admitted fact that LiverpOols supplS
of the actual is shrinking too rapidly
| for the safety of unprotected shorts.
| "On the other hand, the weather d
| good and favorable reports again arr
! coming from the fields. Meanwhile. th'
| volume OF trading around the rings i
| pitifully small. and, such as IL is. n
| confined strictly TO professional room
operators The outside interest SEEM
| practically nil.
| Following are 10 a. m bids: MAJ
| 1853 July 1874. october ll,64 Januar!
/ 116I
Estimated receipts for Thursday:
1913 1912
/ New Orleans 5000. 9 500 TO 3l00 3.29
/ Galveston ......... $500 to 1900 5,99