Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-19
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK. March 19.-N L. Car
penter x Co: This has been another
duil 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 SAYS. in
part: 1t 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
slonals 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
liable 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 IFS influence as
market factor and the new is still too
lar OF to have any influence. The trade
looks for 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 viii 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
ers 1t is generally believed there is a
short interest and there will possibly be
further short covering over the holidays
90 F o are II a. N. bids; March
NEW ORLEANS. March 19.-Hayward
& 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 7.45d, good middling lid, middling
$500, low middling Gid, good ordinary
6.37d, ordinary 6.OSd'
Spots are reported quiet and steady
here at quotations.
The visible supply statement of cotton
for the week will be bullsh Forwardings
from Liverpool are only $4,000 bales.
bales the year before for the correspond
ing week.
The New Orleans Times Democrat says:
Memphis reported having engaged ocean
freight room for 10000 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 at discounts is getting more
and more on the nerves of the talent gen.
orally. and students of the market are
slowly coming to believe that many such
sellers do not fully realize just what
they are selling
in 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 inclu-
sive, and, If stained, not below middling,
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-
nariy traded in
Following are 10 a. m. bids: March
233, May 1921, July 1914, October 11.45,
Estimated receipts for Thursday:
1918 1912.
New Orleans .......1, 700 to 200 1904
Galveston. ,.........4 500 to $500 Sob