Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-03-13
NEWS AND GOSSIP
OF THE FLEECY STAPLE

NEW YORK, March 12-N. l.. Carpon-
ter x Co: J. NJ. Anderson SAYS: THE
opening was Disappointing. There were
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 TO be for the South and
West Memphis was reported a buyer IN
this market"
NeiH Bros estimate the consumption as
mere than 14,75O000 bales Somewhat
The New Orleans cotton exchange will
be closed Good Friday and the saturday
following.
Schin. Mitchell and Hooper were among
the leading sellers at noon, causing un-
easiness TO the market. Very little sup
port was, rendered. Mitchell and Hentz
SchiH, Shearson, Adams and Gearon were
free sellers of Nav and July. The buying
was scattered. Baruch Bros. sold July.
Warehouse stocks in New York today
are 1l5,72O, certifcated 81 ,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
e, 900 bales of cotton in compress there,
against 10 600 bales last year
Texas wired yesterday that the demand
for spots was good and in excess Of Of
ferings.
\ wire from Albany. Ca. said planting
already has begun and preparations are
progressive farming.
Following are Ii a m. bids: March 1917,
May l1SS, July 1l.S1. October II 40.
NEW ORLEANS. March l2-Hayward
& Clark: The weather map shows fair
in the Carolinas; cloudy elsewhere: no
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-
TivernooI Ga bIes. ''Annerican niddliug
fair 7.3Sd, good middling 704d, middling
6.S2d, low middling 6 Cad, good ordinary
$500, ordinary 596d.'
Spots here duller today, but prices un-
changed. Spots brokers say factors want
to sell.
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
found what appeared to them to be con-
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
ding by %-16c. The reduction amounted
TO Lice only. Yesterday there was re-
newed talk of sharp reductions at Mem
phis, but the official report showed saleh
there of 1900 bales on the spot and no
change in quotations.
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 Lie, and by
way of comment Dallas wired: Demand
for spots continues in excess Of offerings
and the basis is now a 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 il 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 poteutiality, and have been guilty
Of taking the shadow for the substance"
Following are 10 a. m bids. March
1926. May 1913. July 1908, October ll.46.
Estimated receipts for Thursday;
1913 1872.
New Orleans .....3 500 to 4 900 1907
Galveston ....... g. 600 to 7 600 1854
NEW YORK COFFEE MARKET.