Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-03
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 buy ers. 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
IL 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 it viii carry the market
higher
There is no weakness reported in
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: Me
Fadden, Rothschild, Orvis, Ingerson and
Mitchell were leading sellers. Rosen-
berg, Bashford. Shantz and Shearson
were principal sellers. The ring crowd
showed a disposition 10 liquidate.
Browne, DrakefOrd e Co Liverpool,
orders from the continent"
Following are IL a. m. bids: May 1880.
July ELS, october 1161, January II 81.
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 Emery
last night revised his river stage predic-
tons for Memphis to As feet, possibly
IS. The maximum last year was ASS.
Liverpool cables: American middlng
fair 155d, good middling lid, middling
esd. low middling $3.50, good ordinary
6 49d. ordinary 6l5d.'
Spots are reported dun, but owing to
the advance in futures, which put May
to 1882, they are about Lice higher
The weather bureau announced to-day
there would be a continued slow rise
of waters al Cairo for the a&t 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
&-l0ths of foot since Tuesday morn
The New Orleans Times Democrat
says Though New York was adj
vancing the price, New York thought
New Orleans was turning the trick
Yesterday trying To learn JUST what was
going on AS q 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 now
admitted fact that LiverpooIs supply
of the actual is shrinking too rapidly
for the safety of unprotected shorts.
ION the other hand, the weather is
good and favorable reports again are
coming from the fields Meanwhile, the
volume of trading around the rings is
pitirilly 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: MAJ
| 1889, July 1244, october 1l64 January
| t1.G7.
Estimated receipts for Thursday:
| 1918 1919
| New Orleans ......s. SEQ to 3.t00 800.
| Galveston .......... 6, 500 to 1900 595'