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 Wan Street houses were among
those on the buying side. which was
SAID 10 be short covering
1t Is believed there is still a short
interest existing. and with the unfayoTa-
ble news coming from the river districts
ana the persistent buying 10y 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
We're principal buyers On the advance
during the forenoon McFadden was a
Heavy buyer Of May.
Fadden, Rothschild, Orvis, Ingersoll and
Mitchell were leading sellers, Euser-
berg Bashfurd, Shantz and Shearsun
were principal sellers. The ring crowd
showed a disposition 10 liquidate
Browne. Drakeford & Co. Liverpool,
cable; Free offerings Of actual selling
orders from the continent"
Following are II a. m. bids: May T.. 80,
July lz,lS, October 11.6l, January 1l.6l.
NEW ORLEANS, April Hayward &:
Clark. The weather map is ideal. II
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 40 feet, possibly
10. The maximum last year was 45.5.
Liverpool cables. American middling
fair i.55d. good middling 721d. middling
6.2gd. low middling 6S3d, good ordinary
6.49d, ordinary 6.l5d.'
Spots are reported dull. but owing TO
the advance in futures, which put May
TO 1852, they are about l-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 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
3-lOths Of "a foot since Tuesday morn
The New Orleans Times Democrat
says: Though New York was ad-
yancing 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 i'm 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 Liverpools supply
Of the actual is shrinking too rapidly
for the safety OF unprotected shorts.
con 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
pitifully small and, such as Ii is, is
confined strictly 10 professional room
operators The outside interest seems
practically, nil.
Following are 70 a. NJ bids: MAY
1859. July II a, October 1l.64, January
1l.6z
Estimated receipts for Thursday
1918 1912
/ You. Orleans 500 10 q 100 500,
Galveston ....g 1, 800 to 500 5ss,