Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-09-12
NEWS AND GOSSIP
Of TIE FleeCy Staple

NEW YORK, Sept. 12.-Carpenter, Bag
got & Co: S. Tate, of Carpenter, Bag
got Co., says: Permit me to urge
mat ma. you do not allow yourself to be
fooled on condition and present pros
pective yield of this crop. The prepon-
derance of advices is so greatly in the
majority bad that l can not, help but
feel that there has been almost a mirac-
ulouS change from good to very bad in
the last three weeks the amount of re-
auction from the prospective yield not
Delng at present appreciated. Buying by
manufacturers and spinners will, think,
furnish the next bull card, which may
come at any time
Mitchell, Gwathmey and McFadden
We're heavy buyers today.
The Commercial says: Looks like
hrm bull cotton market"
The Journal of Commerce says: The
recovery is on buying by shorts.
Dallas wires "TeXas-San Antonio,
Nacogdoches. the panhandle cloudy; rain
ing all night; still raining at Amarillo;
rain at Houston yesterday afternoon.
Qklahoma-Clear to partly cloudy and
pleasant heavy rain at Sayre.
Reported that a nineteen points in Tex
as temperatures range from 100 to los.
Following are IL a. m. bids: october
Il 81, December t1.51, January Has.
March 1853.
Bulls are in control.
Receipts of cotton from Texas are run
ming high.
1t is said that Galveston managed to
of cotton to Liverpool Tuesday
A cablegram from Liverpool says: The
market feels the influence Of parties who
are short fearing weather. In conse-
quence of favorable Manchester adviccs
spinners believe in lower prices and are
selling yarns freely without covering cot
ton"
Browne. Drakeford & Co. Liverpool,
cable Market advanced in consequence
of buying by Weld & Co."
NEW ORLEANS, Sept 12-Hayward 81
flNNr=
favorable conditions; cloudy in Atlantics;
Alabama moderate, general showers. Big
rain northwest Texas; Amarillo %. Tenn
peratures generally lower over entire belt;
some scattered showers in Louisiana,
Mississippi and Arkansas. Indications
are for cloudy. with showers over entire
Carolina. No change No danger of
storm. Present prospects are for its pass
ing over lower Florida, and the disturb
ance is quite small.
The New Orleans Times Democrat says:
The cotton market being in transitory
stage, is easily influenced, Yesterday
two crop reporters, who inspire most faith
among those who happen to agree with
them at the time, circulated bullish opin-
ions as to the progress the crop is MAX
ing, and reactionary sentiment developed,
as a number of operators have not been
in sympathy with the declining tendency
of late Immediately the market began
to show steadiness some little fresh de-
mand from consumers began to be heard
from, and bulls were encouraged to be-
lieVe better times are ahead. In this con-
nection 1t is well to remember that con-
sumers were beginning to buy in an &C
tive way some days ago, but were dis
couraged by over-free offerings from Tex
as. Meanwhile, in the opinion of most ac-
tual cotton merchants, the spot basis is
well below that of this time last year,
though some isolated transactions of
year ago are said to have been put
through at a lower basis. Galveston is
row Offering to sell Liverpool good mid
ding at ten to twelve points on October,
f. O. b. Galveston, guaranteed through,
while good niddling is being offered f. o.
b. New Orleans examination, at IS points
or October.
Following are 10 a m. bids october
t1.42. December 11.50. January 1157,
March HI.
Estimated receipts Friday:
1912 1911.
New Orleans 900. 500 to 700 S13
Galveston ........ 20, 900 to $4,000 25,646