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 III
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 the
raw material except for immediate uSe,
Holders are inclined to wait unln Ihe
market retrieves the upward trelu pe
fore they liquidate.
Following are Il a m. bids: May
1913; July, l2.1O; October, ll'99' Jan
uary, ll.59.
NEW ORLEANS, April 10.-Haywood
& Clark: Weather indications are for
clearing over the entire belt except
some scattered showers tonight IN me
Atlantics. A good spell is Indicated tor
the next hve days.
Habersham King in a report dated
April saws: THE western edge of
Texas is unfavorably. though not IN :
juriousiy. dry. The southeast part OF
Arkansas, Northern Mississippi ana Ala-
bama and Western Tennessee, together
with parts Of North Central and North :
ern Georgia are unfavorably though NOT
iniuriousiy wet These sections produce
l 500 ,0GG to 2,000,000 bales. Except IN
these regions developments attending
preparations have been better than nor
briefly. | should say So to 80 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 10 the effect that the
crop is making fine progress in IeNas;
and similar reports come from parts VI ol
the eastern belt. Georgia adVlces WeIe
to the effect that the crop in the I'M
portanJ Albany section is the earIlest
ever known. that chopping is well under
way on an increased acreage, ana IHd'
a perfect stand seems assured
The St Francis River Ievee broke
one mile below Wilson, Ark, yesterday
afternoon, two other weak spots deNel-
oped one at Mound city and one az
Osceola, where the water oVerlobpeu
the levee These breaks VIII reileNe
Memphis temporarily. but rains NesteI =
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 overtopped or
broken through the entire St Francis
River system near Memphis IN Arhah-
New orleans reported general rain
storms IN nECn. OF the CNuNitiN 49,
territory yesterday. rebuilding the Tear
felt for weakening levees. In baton
Rouge a downpOur left SIX ncneS OF
water standing in the streets. NJ New
Orleans the river is expected 10 go 10
% feet. the highest mark Of lHl3, win
the probability Of its going higher
St Louis reported heavy ram over
northern and eastern Texas, Oklahoma
Kansas. Arkansas, Louisiana ana MIS-
sissippi during Tuesday and "Wednesday,
the downpour continuing last night Al
NatcheZ Miss the levees are being
raised 3tg feet above its highest stage
T,iyernooI cables. american mid.
ding fair. 7.56d; good middling. 1920;
middling Z 90. low middling. $50 good
ordinary. 6 sod; ordinary, sled.
The New orleans Times democrat 5
cotton summary: Points In Arkansas
reported the heaviest rainfall on record
there. which augmented the volume OF
the greatest flood 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 middlng is quoted in this market
Since Monday the demand for the dctudi
cotton in the South has been a little
more restricted, but spots are not
weighing on the market anywhere and
spot owners seem content TO await de-
veloumentS
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 inundation
Of the cotton lands of the Mississippi
River country BUT here the question
arises. has the economic effect Of a sec
ond inundation on the affairs Of the
valley been discounted?
THE present flood probably will pass
out to the Gulf in ample time to permit
the valley farmers 10 make crop. but
In this connection ID should he remems
! bered that the losses occasioned by the
floods Of last year have not yet all been
made up
Following are 10 a m. bids: May,
1888; .Iulv. 1915; October, 60; Jan
uary. 4 So
Estimated receipts for Friday:
1918 1879.
New Orleans 2 I 90 to 3 400 g $50