Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-03
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 TO be a buyer
Some Wall Street houses were among
those on the buying side, which was
said 20 be short covering.
II is believed there is still a short
interest existing, and with the unfavora-
bic news coming from the river districts
and the persistent buying by the larger
spot interests il viii carry the market
higher
There is no weakness reported in
spots.
Those who believe the market too high
are afraid to sell in the face Of present
conditions
McFadden. Craig and Weld brokers
were principal buyers on the advance
during the forenoon. MeFadden was
heavy buyer of May
After the can, Norden. Wilson Nc
F,adden. Rothschild. Orvis, Ingersoll and
Mitchell We're leading sellers. Rosen-
berg, Bashford, Shantz and Shearson
were principal sellers. The ring crowd
showed disposition 10 liquidate.
Browne Drakeford & Co. Liverpool,
cable: Free offerings Of actual selling
orders from the continent.
Following are II a m. bids. May 1890.
July IFS, October ll6l, January ll6l.
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 45 feet, possibly
10 The maximum last year was 49,
Liverpool cables: American middling
mi . mil
SEED. low middling $3.50, good ordinary
6.49d, ordinary 6. l5d
Spots are reported dun. but owing to
the advance in futures, which put May
to 1859, they are about l-16c 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 uu-
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
%-loths Of a foot since Tuesday morn
ing
The New orfears 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 in 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.
ION the other hand, the weather is
good and favorable reports again are
coming from the fields. Meanwhile. the
volume Of trading around the rings II
pitifully small and, such as il is. is
confined strictly 10 professional room
operators The outside interest seems
practically nil
Following are 10 q. m bids. May
t25a July 1244. October 1l.64. January
N c..
Estimated receipts for Thursday:
1919 1919
New Orleans . 300 10 31O0 3.2ge
Galveston ........ 1900 TO 1900 1896