Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-01

NEWS AND GOSSIP
Of the FIeeCy Staple

NEW YORK, Aug. 1-Carpenter Bag
got & Co: With the free liquidating and
short ring selling prices may so some
lower. proving this is strictly weather
market If government report is bullish
as expected you should see a good rally.
The ring crowd were generally sellers
on the opening. Very little cotton for
sale; buying scattered.
Mitchell, Gwathmey and Hartcorn tried
to bring the market up in the early trad
Miss Giles makes average condition as
of July 20, 1873, against S0.4; July IL, Sl.9
last month and 90.5 last year. Declines
for month by states: South Carolina 3
per cent; Florida, per cent; Alabama,
per cent; Mississippi, 3 per cent Texas,
per cent; Arkansas. 8 per cent; Okla
homa, per cent. States showing inn
provement: North Carolina, , per cent;
Georgia, per cent; Louisiana, per
cent; Tennessee, 2 per cent Missouri, l
Latest reports from Texas say Hearne,
sprinlling; Rogers, Temple and Fort
Worth, heavy rains.
Wea Their just posted for Texas up TO IL
o'clock show 26 points in Texas tempera-
lures, 100 to 109, with rainfall, Weather
ford, .os; Paris, l5S,
Riordan, Clifford, Lehman have sold
about $4,000 each, bought by McFadden,
Mitchell Springs and Hicks, Jr,, Cone,
Gwathmey and ring. Mitchell now a
seller
Ming sold generally on anticipation Of
bureau report and rains in Texas.
Following are II a. M bids: August,
1S49 October. 1878; December, l2.7s'
NEW ORLEANS, Aug. Hayward &
Clark: Map shows cloudy entire belt. ex
cept fair in Arkansas, Tennessee, general
showers east of Texas with some good
rains in Louisiana, Alabama, Georgia and
CarolnaS
Map shows no rain in Texas. except in
extreme west, but many reports to hand
of raining now at several Texas points.
Indications for general rains in Texas,
cloudy showery weather in all states.
Following from our travelling man from
Albany, Texas: Marked deteriora ton
from high temperature past week. Plant
shedding badly over all of west Texas,
condition some sections nearly as bad as
1909, Plant throwing off all young forms
and bolls this section Hot winds blow
ing again today"
Following from a prominent spot man
at Fort Worth, Texas: Just starting to
rain. Looks like good prospects for heavy
rain
Reliable party in Oklahoma reports
showers all over state; prospects for more
rain
4 prominent spot house wires us from
Fort Worth: Raining hard now Con
slider drouth broken In this immediate
Galveston. Texas, wires: Eighty nine
new bales received here today and more
in sight; good scattered rains in state
The New Orleans Times Democrat
summary: With bureau report i'm
pending and Texas crop still in need of
rain, the cotton market is naturally ner-
vous. Apprehension that there might not
be rain in Texas for some days to come
! has been replaced by apprehension lest
! there should be general rains there with
In the next As hours, unsettled weather
condi ttons having appeared in the west
ern half of the belt Advices recently
received from Texas state that while
there is need of rain In most localities
no actual damage has yet been done, and
| that the crop could do for two weeks
longer without moisture. On the recent
| Upward movement good deal of the buy
| ing was predicated on the belief that
Texas was In for a drouth that would
extend well into August. Consequently,
those who bought on this theory are APP
| prehensiVe lest rains should come TO re-
| lieve the situation there before the is
| suance of the bureau report tomorrow.
| The expectation OF bulish bureau has
been sustaining influence for some days
past, and an estimate by a prominent
New York firm forecasting an average
condition by the government as low as
1871 has met with popular favor