Atlanta Georgian., 1913-03-12
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 12.-N l.. Carpen-
ter y Co: j. M 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
bullish.
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 un-
easiness to the market. Very little sup
port was rendered. Mitchell and Hentz
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 ll5,720, certhcated 9l,026 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 10000 bales last year.
Texas wired yesterday that the demand
for spots was good and in excess of Of
ferings.
A wire from Albany Ca, 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 oRIEANs.' March iS.-Hayward
& Clark: The weather map shows fair
in the Carolinas; cloudy elsewhere; no
precipitation in eastern half. General
rains in western half but mostly light,
except heavy in Houston section. lndi-
cations unfavorable; general and prob
ably heavy rains indicated to come on en-
tire belt next two days.
I,iVerOOOl cables. ''AmaripaD rOiddliug
fair 7.SSd, good middling 7.04d, middling
6.82d, low middling 6.64d, good ordinary
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
ers were giving away. Monday the New
Orleans talent understood that Memphis
would officially reduce the price of mid
ding by 3-16c. The reduction amounted
to 1-16c 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,
Meanwhile, Houston and Dallas have ad-
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
How tn ax.1 xyfGi nc fV,a Of
true potentiality. and have been guilty
of taking the shadow for the substance"
Following are 10 a. m bids: March
Estimated receipts for Thursday:
1913. 1912.
New Orleans ......3 500 to 1000 10077
Galveston ,........ 900 to 1000 5554
MEM NnRk cnEEEE MARKET