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 q 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
morrow.
The New York Commercial saws. in
part. 1T becomes more and more ap-
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
liaoie transactions on either side. So far
those VINO have been ConSist emily bearish
nave 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
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
mad soaking rains Is regarded as wholly
favorable to a good yield. Hence. while
the foreign mills are busy eating up rec
ord quantities of the fiber. no apprehen-
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 i'm New
York, but very little cotton was for sale
Cohn and Rice seemed to be leading sell
ers. II is generally believed there is a
short Interest and there will possibly be
further short covering over the holidays
49, IS. May 1913, July 11.S6, October II. 40
NEW ORLEANS, March 19.-Hayward
a Clark: The weather map is favorable,
showing partly cloudy to fair, no rain of
consequence except IL at New Orleans
and % at Macon. and light rains on At
lantic coast Indications are for partly
cloudy TO cloudy generally, probably some
Liverpool cables: american middling
fair 7.45d. good middling lid, middling
SSgd' low middling sid. good ordinary
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 $1,000 bales.
against 70 600 bales last year and -, 600
bales the year before for the correspond
The New Orleans Times Democrat says:
Memphis reported having engaged ocean
freight room for 1900 bales Of export
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
I'm describing the cotton to he deliv-
cred on the future contracts Of the New
Orleans cotton exchange. the rules of the
exchange read. The cotton 10 he Of any
grade from good ordinary TO fair inclu-
sive. and. If stained, not below middling,
and. If tinged, not below middling, al 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 ordt-
narily traded in"
Following are 10 a. m. bids. March
l. 80. May 1921. July 1914. October l1.45.
Estimated receipts for Thursday.
1918 1912.
New Orleans .......1, 700 to 2lO0 1904
Galveston ..........4.5 500 to $500 sob