Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-09-13
NEWS AND GOSSIP
Of TIE FIeecy Staple

- NEW YORK, Sept. 1S.-Carpenter
Saggot 4 Co: The Charleston, 5. c..
News and Courier says: 1T is currently
stated sta that the almost continuous rain
tal for the past week has wodked serious
damage to the cotton crop in this section
on the state Principal injury in the beat
opening in the bolls and the lowering of
the quality by the dirt scattering it.
~ was reported yesterday that much
OF the staple had been beaten out upon
south Carolina would be heavy losers on
ACCOUNT of the unprecedented rainfall
Dallas, Texas, wires: Texas pan
warm. Oklahoma, southern portion, clear,
balance cloudy and threatening; good
rains a Bristow, Usage, Geary; tight
rams al Gushing, Hennessey. SaYre, Chin
Cordill wires from San Antonio: "Dal-
las Naxahachie to Hillsboro, good"
The market opened rather quiet today
win Cohen, Lahman, Munds. Wilson and
Mitchell the best buyers. After the call
free sellers.
.IFrrederiekson says map indicates rep
etltlon 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 adj
vance.
Liverpool cables: "American forwarded
4g,4lS bales L sd during week; total, $3.50 de-
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.
Following are II a. m. bids: October.
LIZ December, ll.67; January. 1l62;
March, HIS
NEW ORLEANS, Sept. 1s.-Hayward &
Clark: The weather map shows very ia
vorabie conditions; partly cloudy to fair
IN Atlantlcs no rain, which Is very ia
vorable after recent general rains Cen
orally fair in central states cloudy in
northwest Texas and OKLAHOMA, with
good rains: temperatures lower all round,
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
of Pensacola viii 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
The 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 q whole seems almost ideal Rains
have 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. Nevertheless 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 encountering 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
predicated 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 very
/ low basis
| Following are 10 a. m. bids: October
LEO; December, 11.70; January, 11.76
March, 1888
Estimated receipts Saturday
1912. 1911
| New Orleans ..... $50 to 500 EOS
Galveston ......... 1880 to 1890 1886