Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-20
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. March 19-N. l. Car
penter Co: This has been another
dun day, with transactions small The
class OF buying Is somewhat better than
the selling and there has been some short
covering pending final ginners' report to
morrow
The New York Commercial saws. in
part: II becomes more and more APP
parent that the market is waiting for
something to turn up. There is no out
side interest in trading and the profess
SlonaiS are forced to try to call the turns
on each other in a market which is SO
narrow that there is little room for prof
ltdble transactions on either side. So far
those who have been consistently bearish
have had the shade of an advantage over
the consistent bulls. but that is not say
ing much for the bears
Some Of the spot markets were a
shade higher and sales were fairly good.
but the old crop has lost its influence as
a market factor and the new is still too
far of to have any influence. The trade
looks for a considerable increase in acre
age and the fact that the whole belt has
had soaking rains is regarded as wholly
favorable to good yield. Hence, while
the foreign mills are busy eating up rec
sion is felt and the general impression is
that there will be enough cotton To go
around this year and more than enough
TO feed the mills next season
Finn, Virgins and Mitchell were lead
ing buyers today at the outset in New
York, but very little cotton was for sale.
AOIlil ana rice seemed TO ne ltdOlDE SELL
ers. 1t is generally believed there is a
short interest and there will possibly be
further short covering over the holidays.
Following are II a. m. bids March
Y. Is, May 1l93. July l1S6. october Il. 40.
NEW ORLEANS, March Hayward
q Clark: The weather map is favorable.
showing partly cloudy to fair; no rain of
consequence except IL at New Orleans
and "a at Macon, and light rains on At
lantic coast. Indications are for partly
cloudy to cloudy generally probably some
scattered light showers.
Liverpool cables: American middling
fair 145d. good middling lid, middling
6.s9d, low middling Slid, good ordinary
6.37d, ordinary 6.03d."
Spots are reported quiet and steady
here at quotations,
The visible supply statement Of cotton
for the week Will be bUllish, Forwardings
from Liverpool are only AZ 900 bales,
against $4,000 bales last year and 5000
bales the year before for the correspond
ing week
The New Orleans Times Democrat says:
'Memphts reported having engaged ocean
freight room for 1000 bales Of export
cotton, and there were rumors in ship
ping circles Of pending advances In freight
rates. The spot markets of the South
continued the even tenor Of their way
and short sellers continued selling con-
tracts at discounts. Because the spot
markets do not break, this habit of sell
ing contracts al discounts is getting more
and more on the nerves of the talent gem
orally. and students of the market are
slowly coming to believe that many SuCh
sellers do not fully realize just what
they are selling
I'm describing the cotton to be deliv-
cred on the future contracts of the New
Orleans cotton exchange, the rules of the
exchange read: The cotton TO be of any
grade from good ordinary TO fair tnclu-
sive. and if stained. not below middlng,
and, if tinged. not below middling, at the
price of cents per pound for middling,
with additions or deductions for other
grades, etc
THE New Orleans cotton exchange
types are the government standard types,
which class higher than the grades ordi-
narily traded in
Following are 10 a. m. bids March
L SO, May 1921. July 12.14 october 1l.45.
Estimated receipts for Thursday:
1918. 1912.
New Orleans ......1 700 to 200 2.204
Galveston .......... 500 to $500 6.013