Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-09-14
NEWS AND GOSSIP
Of the FIeecy Staple

NEW YORK, Sept, 13.-Carpenter,
Baggot & Co: The Charleston, S c,
News and Courier says: 1T is currently
stated that the almost continuous rain
fan for the past week has wOdked serious
damage to the cotton crop in this section
Of the state. Principal injury in the beat
ing out of the staple, which is rapidly
opening in the bolls and the lowering Of
the quality by the dirt scattering it.
II was reported yesterday that much
OF the staple had been beaten out upon
the ground and that the farmers of lower
South Carolina would be heavy losers on
account OF the Unprecedented rainfall"
ba Dallas, c,o Texas; wires; Texas pan
warm. Oklahoma, southern portion, clear,
balance cloudy and threatening; good
rams a Brlstow, Usage, Geary; light
ton; cooler"
Cordill wires from San Antonio: 'Dal-
las, NaXahachie to Hilsboro good"
The market opened rather quiet today
with Cohen, Lahman, Munds, Wilson and
Mitchell the best buyers After the call
Hartcorn. Parrot, Shantz and Cone were
free sellers.
Frederickson says map indicates a rep
eution of 1906, when we had violent
storms and market advanced some 200
points in two weeks
Buying continued good throughout the
DAY. Selling was scattered; profit taking
by New York bulls checked further ad
vance.
Liverpool cables: American forwarded
49,4l3 bales during week; total, Sc, 1853; de-
crease, 3702O."
The market was sold off today on ru-
morS OF bearish reports from Habersham
King, which could not be confirmed The
market was very steady during the day
FoHoWng are II a. m. bids: October
,I.48, December, 1877; January, 1162;
March, 11.75
NEW ORLEANS, Sept. 13.-Hayward &
1Idrk; ne weather map shows very ia
vorabie conditions; partly cloudy to fair
IN Auantics; no rain, which is very ia
Nofable after recent general rains. Gen
erally far in central states: cloudy in
northwest Texas and oklahoma, with
as much as 10 degrees in central belt
indications are for general rains and
cooler IN Texas, Oklahoma and Arkansas;
scattered showers in central belt; fair in
Atlantics
Advisory disturbance central southwest
or PENSACOLA will probably move north
northwest and pass inland tonight or Sat
urday, attended by strong shifting winds
IN northwest Florida, Alabama, Missis-
Slppi coast and Louisiana coast.
me New Orleans Times Democrat says:
Another storm warning for the gulf coast,
/, following higher market in Liverpool
encouraged American operators to buy
contracts, and later in the day higher
spot quotations at Savannah, Augusta
Houston, Galveston and Dallas made
them feel safer. The weather over the
belt as a whole seems almost ideal, Rains
nave fallen day after day in the eastern
states and no trace of the recent dry spell
should remain. Yesterday good rains
were OFFICIALLY reported in portions of the
west. and after the close of the official
record private advices brought reports of
further good rains in Texas and in Okla
homa NeN ertheless unfavorable crop re
ports continued to come both from Texas
and from the Atlantic states. and the
/ talents uncertainty as to the extent of
the deterioration during August made the
market very sensitive.
In Alabama and Georgia, where the
new crop movement is very much later
than last year, sellers of early supplies
are probably encounterng some difficulty
in estimating the action they need This
would account for the apparent strength
of the Savannah and Augusta spot mar
kets, though such strength, if really
predlcated on this cause, is no guide to
the future and particularly so in view of
the fact that some export cotton is being
offered by Alabama and Georgia on a very
low basis
Following are 10 a. m. bids: October
| ll6O; December, lilo; January, 1176
! March, 1889.
Estimated receipts Saturday:
1912 1911
New Orleans....... $50 to 500 2091
Galveston 1880 to 1890 25 969