Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-09
COTTON GOSSIP

NEW YORK, April s.-McFadden. Wa
ters and Wilson were the most agrees
I've bidders at the outset to-day Schill
also was among the best buyers on the
The breaking of a Mississippi levee
encouraged considerable buying
Senator Smith Of South Carolina in
troduced a bill in the Senate yester-
day providing for prohibition Of trans
actions In futures in cotton. grain and
other commodities, which is a revamp
Of the numerous anti-Option bills. The
bill further provides for the standardiza-
ton OF the separate grades Of Gulf and
tplands cottOns.
Liverpool cables. American middling
fair 7.5ld, good middling lid, middling
$500 low middhng t:isd, good ordinary
6.46d. ordinary Slid"
Following are II a. m. bids: May
lS.OS, July 1903, October 1850
NEW ORLEANS, April S-Hayward
e. Clark: The weather map is very ia
vorable. II shows partly cloudy wealth
er and general showers in Central and
South Texas, just where needed; also in
West Texas and Oklahoma. There is no
precipitation elsewhere. Indications are
ers in the Western States and Arkansas
and partly cloudy. with possibly a few
isolated showers In the Eastern States.
storm warning; The Texas coast dis
turbance centered over the Texas Pan
handle will move eastward and cause
brisk to high sOutherly winds, with
SQUALLS this afternoon and tonight
9, Memphis en- wires; The main line Of he
morning, where new line Of levee
crossed Graves Bayou. The levee
broken is some % miles below and is
about 10 miles south OF Proctor Ark. on
Will first rush down Graves Bayou into
l5-Mlle Bayou, thence into Blacklist
Bayou and thence into St Francis RiY
er about where that stream crosses the
"a haf he nrfa nd
Lee Counties
There are some fine plantations along
the river front that will suffer"
River 1 Memphis 45.6.
The official cotton weight statement
shows the average weight Of bales March
81 as 527.49 pounds, against 5lS.77 last
year.
The New orleans Times Democrats
favorable political complications In the
Balkan situation and a good weather
map yesterday, while the longs had
some additional evidence tending TO
show that exporters are planning to
take up cotton in May at both New Or
leans and New York. The bearish in
huences being obvious, and the bullish
influences being subtle, and II being the
practice Of the talent this season to
believe in only that which can be seen
or felt or heard as tangible matter at
hand. the cotton market declined.
aside from the food in the Mississip-
which is making the farmers nervous
and timid, and which is necessitating
the transfer Of labor from the fields to
The levees. climatic conditions now are
favorable and are expected TO continue
so throughout the present week at least
This means that where delays have oc-
CURED through rains and cold weather,
the farmers now are making good prog
ress
Consequently. the rings may expect
10 receive an increasing volume Of ia
vorable reports from the fields in the
near future. On the other hand, any
thing bordering on positive assurance
that Liverpool and Continental export
ers. i'm conjunction with American eX
porters, have made plans 20 take up
cotton ar New York and New Orleans
during MAY. will not rest well in the
stomachs Of that portion Of the talent
which has become committed 70 the bear
side OF the account by selling May short
al a discount
Following are 10 a m bids. MAY
l. as. July 1924. October 11.55, January
1l.57
Estimated receipts for Wednesday:
1913 1912,
New Orleans ......s 500 to 200 $685.
..........3 3. 500 10 e. 800 258l