Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-12
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. March 12.-N. l.. Carpen-
ter X Co: j. NJ. Anderson says: THE
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 10 be for the South and
West. Memphis was reported a buyer in
this market"
Neill Bros. estimate the consumption as
more than l4,750,O00 bales Somewhat
The New Orleans cotton exchange will
be, closed Good Friday and the Saturday
following
Schili, Mitchell and Hooper were among
the leading sellers at noon, causing UNI
easiness to the market. Very little sup
port pc was rendered. Mitchell and Hent2
Schil. 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 l15, 100, certif1cated 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
20, 900 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
wire from Albany, Ga, said planting
already has begun and preparations are
the best ever known in that section OF
Following are ii a. M bids: March 12.17
May l1.s8i July isl; October l1.42
e Clark: The weather map shows fair
in the Carolinas; cloudy elsewhere; nc
precipitation in eastern half General
rains in western half, but mostly light
except heavy in Houston section: Indi-
cations unfavorable; general and prob
ably heavy rains indicated to come on en-
tire, belt next two days.
fair 1880, good middling 7o4d, middline
8 SD, low middling 6,64d, good ordinary
sod, ordinary 5,96d."
Spots here duller today, but prices I'M
changed. Spots brokers say factors want
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
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
to 1-16c only. Yesterday there was re-
newed talk Of sharp reductions at Mem
phis but the official report showed salel
there of $500 bales on the spot and nc
"And so the bear talent said things
about Memphis that attracted attention
but would not look nice in cold print
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 1t would seem that
low price people have dreamed of crum-
bling spot markets so often that they
have come to regard visions as things OF
true potentality, and have been guilty
of taking the shadow for the substance"
1925, May 1913 July 1908 October II. As
Estimated receipts for Thursday:
New Orleans ......3500 to 1000 1907
Galveston 5000 to 1000 $3.50
NEW YORK COFFEE MARKET.