Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-15
NEWS AND GOSSIP
OF the FIeeCy Staple

NEW YORK, Aug. 14.-Carpenter, Bag
got & Co: Our opinion Is unchanged.
This decline has been due largely to
manipulation, assisted by some recent
, hedge selling, this market against long
contracts. IN Liverpool. The decline has
been exaggerated. Ninety per cent of
the crop news Is very bullish. Think large
crop impossible While prices may be
temporarily further depressed, strongly
FAVOR buying on every decline. Believe
in ultimately much higher prices.
The journal of Commerce says that the
sharp drop IN cotton has caused a natu-
raj hesitation among goods buyers, but
that a good steady business is reported
by Jobbers. The export markets for cot
ton goods are not active Shipments on
old orders constitute the chief feature, and
there are still many goods due.
Guild, Hubbard. Wenman bought Jan
uary. SChill, HentZ Schiller sold. Free
man Lee. Johnson, Schill, Riordan bought
December. Rothschild, Cone, Hicks sold.
Lee bought October. McElroy, Riordan,
Dallas wires: DEMONSTRATORS clouds
south and southwest; balance clear
and warm. Oklahoma-Cloudy; light rain
at Newkirk; balance partly cloudy to
The bear just could not resist the temp
tauon today, and he put in an appear
anGe. The result is easily guessed
The next bureau report will be issued
Tuesday, September 3, and anticipations
are that it will he of a bulish character.
Hubbard, Craig, Hentz were best buy
els ltddN on the advance.
Some mills were reported to be good
buyers
Hutton places the condition at III,
against 1875 last month.
Hutton, by states North Carolina, 81;
South Carolina, rs; Georgia. n Alabama,
70; Mississippi, rs; Louisiana, 80; Texas,
49, Arkansas, rs; Tennessee, Il; Okla
Following are II a m. bids: October
II "a, DECEMBER 1L32, January 1l23,
-hS q! ~ ~ ! L [2Si No, ,,, -
Clark: The weather map shows partly
cloudy to fair with some isolated show
erS; .5b at Galveston. Some light show
ers in North Carolina, where rains are
needed, Temperatures are normal. In
dications are for partly cloudy in west
Texas Oklahoma, with possibly scattered
showers.
Few scattered clouds in south and south
west Texas balance clear and warm
Oklahoma, cloudy, threatening at PonCa
city and light rain at Newkirk; balance
partly cloudy to clear.
The New Orleans Times Democrats
summary says. Again cotton values
dipped This time october in New Or
support developed and October climbed
to 1l.55 The reaction came so suddenly
and was so sharp that even conservatives
who had been expecting some check to
the decline We're amazed. Southern mills
bought contracts freely. Some shorts took
profits. Some constitutional bulls got in
again at what seemed to be the bottom.
Scalpers were in their element When the
smoke had cleared away, the contract
market stood very close to the previous
days close, while spots at New Orleans
rested Lice below the 12c mark one
year ago the local August contract closed
at 1l.99. as against II So yesterday. Oc
tober was at I .0S, against / 4G yester-
day, and New Orleans middling spots at
l2c against II 15-16c yesterday. Whether
these price comparisons signify anything
or not, the trade must judge.
The bear says the situation in the long
run is as bearish now as it was this time
last year because, whereas an enormous
requirement in l911-1912 will ultimately
effect an enormous yield, this year the
fact that the mills are not bare of sup
plies offsets any deficit in the yield of
1912 under that Of 1911.
Estimated receipts Thursday:
1912. 1911
New Orleans ..... 16 to 50 225
Galveston .,.,.......2, 200 to $500 1873