Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-04-08
SPRINGS & CO.'S WEEKLY COTTON
LETTER

LETTER
NEW YORK, April 7.-Growtrg hopes of
early peace, q strong technical position
due to the large foreign and domestic short
interest increasing exports. rising prices,
late, to 10000 bales in a day, the largest
for several years past, and bad weather
have all contributed to the rise in prices.
May has greatly increased it's premium over
July; so has July over October. Liver
pool has been a buyer here. Japanese in
terests are reported to have bought. The
indirectly helped cotton. Exports have at
tracted attention. This week la't year they
were only 1900 bales. They will probably
be hundred times larger this u eek More
over the eight big mills of the Fall River
Iron Works Cotton company will resume
full time Monday, April 18th. Stocks
of goods have become depleted through
out the world. The American output for
is said TO rave fallen off seven billion
yards. This shortage must be gradually
filled. Continental Europe's produci'g
power was greatly impaired by the war;
by the loss Of mills, and of labor and raw
material. 1t is estimated hat the United
States will have TO clothe fully $50 600, 900
people Until European industry can get fair
ly under way; AL Of which -neans that in
addition to practically feeding Europe we
must partly clothe her and rome otter
parts of the world.
not catch up. 1t has continue1 either cold
or rainy and is fully month late.
The acreage undoubtedly will Ge reduced.
The estimates range generally from 10 to
20 per cent Fertilizers are high and IN
many cases are said to contain little or no
potash. The American production of potash
does not begin to make up for the loss
Of the old time supplies from Germany; and
yet large tracts of southern cotton lards
need potash, if anything like n large crop
is to be raised. Besides with fertilizers
SO costly their use will be cut:siled; East
times the annual American ntoduction Is
needed Ada to this the high cost of food
and fodder, mules, implements and la" y
the delay of a month in the start ahd it
seems just now highly brcblematical
whether for the fifth year in successor
anything like a satisfactory crop can be
weevil viii. prove unusually troublesome.
In all likelihood the world VIII look to
America for cotton and cotton goods this
year as never before. Mean vl.:t~ it shJIl
MOI be forgotten that the new contract
now in force is veyy severe i its REQUIRE
ments allowing the delivery Oily ten
is, how is such cotton in low grade
season to be had for delivefy on summer
months with no new cotton ofalnable pc
fore early fail? Small wonder that the
premiums on May and July -4N@ increased
and higher premiums are predicted. There
is e rImcr current that Il European commits
| sion is in the market for iarge amount
of cotton. And it is believed there still
exists large short interest here. The
southern holder continues TO demand MS
price. On bulges it is true the South
| has sold here against cotton tc some * *
tent, and Of course southern supplies are
| large But peace is believed, by many,
| to he near ut hand. When it comes cenr1al
Europe will want American low grades.
| Recently gulf freight rates to liverpool have
declined. 1t is true on the other hand
that the price has had a steady advance OF
late, it is approaching the southern parity
and we therefore would prefer for the mo-
ment to buy only OF declines.
r1vERP00T. COTTON