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

SNIs@ .Y6RK. AIstl 4,v-I NJ. Andev-
son, ri y. l. CARPENTER & Co. says:
being sesling'Sfof ~XIay and !bhying Of
July :, whfesl was 'thoGght TO have scenhe
from spot people. one large block vas
sEosorbed BY one. who is considered a
Student of the market"
Warehouse stocks in New York to-day
are. III, $50 bales 4 certificated l05,14S.
Mitchell, Geer ana the ring sold. Nc
F4dden and Geer supported the market
between in}eryals of3the early Session.
liverpool cables: -" American forward
46S bales; total 97,2S7; American de-
creas@d, $4,000 'bales' - 4 v.a
Mr.. 5. Tate says: Am bullish on
both stocks and cotton l do not share
the pessimistic views generally sent
out. Believe worlds consumption will
exceed the yield; would buy on all de-
Beardsleys Bashforn. McGhee. Rosen-
berg and Schwartz were principal buy
ers on the~ opening. Newman. Hentz,
ANlson and johns leading sellers
. 4. K.ECone wass'inclined 10 sell May
option at the outset and purchase July.
| Trading was light.
Emphasis Yesterday was plainly on
old crop positions.
Although the cotton market opened
with sharp advance, selling developed
az the outset, causing a rapid decline.
The weakness in May. contracts. yes
terday and to-day proba bly, was in
spired bysprediCtions that the local stock
would be rendered on early spring posi-
tons
The May premium over July does not
| look as big as first predicted. At the
beginning Of April last year May was
| sharply under July, and continued TO re-
cede until il was about Is points lower
on the last day of April.
Some say the liquidation of May is by
W "a
March advance and who are selling May
and buying July as a, straddle.
II is said that conservative brokers
| have sold approximately 80 900 bales OF
May during the last few days against
purchase of July
The market has become entirely a
weather affair ..-..
The Mississippi Ievees are said to be
capable Of outstanding prevailing nigh
waters However, considerable uneasl-
ness continues among the talent as Wen
as thes farmer.
NEW ORLEANS. April A-Hayward
& Clark: The weather map shows tair
over the western half Of the belt, cloudy
| in the eastern half, general rains IN
northeast Texas, Louisiana, Mississippi,
north Alabama, Arkansas and Tonnes
see: none elsewhere; cooler in north
western quarter. Rainfall was heavy IN
| Mississippi, Arkansas and west Tennes-
see. .-
and rainy weather in Alabama and At
lantics, followed by clearing there sat
uTday or Sunday
River news: Cairo, 54.7 feet; Mem
R5B .s. 'o'' NieF'0pFs' - New orleans
| stock which only few weeks ago
was over 100000 bales smaller than last
| year is pow only 5000 bales smaller
The New Orleans Times-DSmocrats
vottun summarize 1.-THE wea tier outlook
/ was less favora BILE. international finance
seemed 10 be on the mend, and more
active demand for the actual stun was
| reported by the South generally. Never
! theless, hope came to the short seller
/ from an uneNpeCted source and bear
| sh enterprise was reflected by the sharp
| decline in the price of the New YORK
| May contract. The bull says selling
contracts at discounts under spots j.
/ suicide, The man on the fence SAYS u
is absurd. The student 81 the market
SAYS II Is uheconOmic But the man
VINO does it says IL Is all right, and IN
the end be certainly has the right "a
| spend his own money in his own. sweet
''The New York July price is now be
tween ll2 and ma points under Liver
! pool july august. n difference great
] enough "a enable July longs TO take ~
cotton az New York and deliver it IN
Liverpool.
Good trade in Lancashire and a
Ishfinkihg supply at Liverpool are in
combination, .dra wing Liverpool to the
point where purchases Of fresh supplies
of the raw material will become impera
tive And New York contracts are BIZ
points under Liverpool. with freight
"a ties low, at a time-When the trade IS
beginning TO belirvS~that the new crop
start has been changed from an early
TO a late one. o. esq
Following are 10 a. IN. bids: May,
1874, July 1884, October. ll5Is Jan
uary. 11.59.
Estimated receipts Tor Saturday
1919 1919
New orleans. ....... I. 700 20 1000 764
Galveston ...:..... $500 60 $500 6,693