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 10 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-
bic news coming from the river districts
and the persistent buying by the larger
spot interests it viii carry the market
higher.
There is no weakness reported in
spots
Those wno believe the market too high
are afraid TO sell in the face Of present
conditions.
McFadden, Craig and Weld brokers
were principal buyers on the advance
during the forenoon. McFadden was a
1 heavy buyer Of May.
After the call, Norden. Wilson. Nc
Fadden, Rothschild, Orvis, Ingersoll and
Mitchell were leading sellers. RoSen-
berg, Bashford, Shantz and Shearson
were principal sellers. The ring crowd
showed a disposition 20 liQuidate
Browne, Drakeford & Co, Liverpool,
cable: Free offerings Of actual selling
orders from the continent
Following are II a. m. bids: May 1880,
july l21S, October 1161, January l1.61.
NEW ORLEANS. April 2. Hayward &
Clark: The weather map is ideal. 1t
shows partly cloudy to fair over the en-
tire belt. with not a drop Of rain any
where and generally warmer.
Memphis wires: "Forecaster EmerS
last night revised his river stage predic-
lions for Memphis TO As feet. possibly
90. The maximum last year was 45.
Liverpool cables: American middllng
fair 7.55d good middling 73ld. middling
6.29d, low middling esd, good ordinary
6.49d. ordinary 6.15d."
Spots are reported dull. but owing to
the advance in futures, which put May
TO 1862, they are about 1-l6c higher.
The weather bureau announced to-day
there would be "a continued slow rise
of waters at Cairo for the next five days.
River conditions below Cairo remain I'M
changed and the bureau forecasts slages
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
S-l0ths Of foot since Tuesday morn
The New Orleans Times Democrat
says Though New York was ad-
vancing 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
ana new AultAilSs WHICH - btAliE Ild1t
nervous by the promise Of larger exports
in April and May by the sustained rela-
tive strength OF spots, and by the now
admitted fact that Liverpool's supply
of the actual is shrinking TOO rapidly
for the safety Of unprotected shorts.
"On the other hand. the weather IS
good and favorable reports again are
coming from the fields. Meanwhile, the
volume Of trading around the rings j.
pitifully small. and, such as II is, Is
confined strictly to professional room
| operators. The outside interest seems
practically nil"
Following are 10 a. m bids: May
1883, July 12.44. october 1l.64, January
11.61.
Estimated receipts for Thursday:
1918. 1912.
New Orleans ....2 500 to 3.l00 $500
| Galveston ....... g. 800 to 1900 1906
ATLANTA MULE AND
HORSE MARKET