Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-12
NEWS AND GOSSIP
OF TIE Fieecy Staple

The Journal OF Commerce says: Hot
and dry weather in Texas alarms the
shorts at home and abroad, four points
in Texas reporting lo2. Manchester stin
active and strong Some bad reports
from Mississippi Memphis district crop
outlook less favorable. Some Texas re-
ports were cheerful. Liverpool and New
Orleans bought wall Street and spot in
terests sold The thing to watch now is
IeXas, as Wen as the eastern belt. Liv-
erpool is evidently nervous about those
hlEh temperatures in the Lone Star State.
rms fact IS exciting some comment across
the water.
Browne Drakeford & Co. Liverpool. ca
oleS: Jobhers buying in early sales
Bullish houses bidding 10 sustain mar
ket' trade buying"
a strike of New Bedford cotton weavers
IS expected Monday unless manufactur-
ers abolish the filming systems.
Rumors are that pell has not only sold
bales.
The bulk Of sales now being held by
the public hight run away Il crop news
and weather favurs the long side
reports from Manchester say enormous
BUSINESS Is being done there.
Cordill IS ont with hullish report on
MissiSsippi
Al the close Of Yesterdays session
Hordan and PeH were credited with sell
ing about 5000 bales
A. present anticipat tons are pro and
Dallas wires: 'Texas-NlineoIa. Jack
sonVlIie' kaufman. Athens. Palestine. san
antonio cloudy; WaXahachie, Gainesville,
Bonham. Clarksville Paris cloudy, bal
ance generally clear and warm Okla
mona Generally cloudy. with good rains
a. Weatherford Wilburton. threatening
Wister Chandler, warm
Following are II a. m bids July ll.94.
october l2.l9 December LES, January
NEW ORLEANS. July Ii Hayward &
I (
ing conditions; partly cloudy 10 fair in
the belt; scattered light showers in east
ern half, but much less precipitation than
N past few days. Indications are for
clearing weather certain today. Govern
ment forecast likely TO say fair in Louis
iana Mississippi and Alabama
The New Orleans Times Democrat saws:
Nowadays i is merely a matter Of point
Of view The bear says Never mind /:
tine TIM viii bring revenges The bull says.
Time IS now bringing reVenges'' In
other words. The low price man sticks 10
his belief that the market was on the
right road until the middle Of December.
ana mas been on the wrong road ever
since, and the high price man is more
than ever convinced that the market was
on the wrong road until the middle Of
Decemher and shas been on the right
road ever since Meanwhile October has
touched L. 80. a price for new crops not
anticipated until a few weeks ago. High
price men claim that the crop promise is
shrinking but that the proba bic REQUIRE
ment IS not. that the world so far from
being over supplied. stil needs cotton. in
spite OF the l6, 100000 bales produced last
year Low price men can not get away
from the apparent fact that crop Of IA
600 GOO bales this wear would bring the
total for the two Years to 80 600 600 bales
which seemingly would create surplus
pig enough TO make the prices of recent
famine Years look large indeed They ex-
PLAIN current strength on the ground that
thousands of outsiders have taken the
long side, thereby permitting the big longs
mandate Wit B,-,so IL 7.,r