Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-28
NEWS AND GOSSIP
Of tie Fieecy Staple

NEW YORK. Aug. 2S.-Carpenter, Bag
got 4 Co.
The journal Of Commerce reports the
following on conditions of the growing
cotton crop of Texas, Oklahoma and Mis-
souri,:
TeNas-Drouth has been the chief cause
OF deterioration, and worms have in
jured cotton to some extent, Compared
with a year ago a this time. however
prospects are said 10 be considerably
better and quite a few correspondents
look for the largest crop in years The
weed averages d fair size and is gen
orally fruited and shedding is compare
lively light Picking is general and in
many sections bolls are opening rapidly.
Labor IS plentiful. Many localities need
good rains TO insure a top crop.
Oklahoma Conditions in Oklahoma are
exceedingly promising and show an i'm
provement over d month ago, when tho
percentage condition was 1913. Many cor
respondents report the best prospects in
years. but the season is generally three
weeks late and an early frost would do
much damage. The plant is medium
size, well fruted-in many cases heavily
fruited and strong. Insect damage is very
slight, boil worms appearing in some sec
lions; CULTIVATION IS good and picking
viii be general by September 10 Rain
ran has been plentiful, though some sec
uons are beginning to need moisture
MissQuri-Cotton is doing well with
prospects Tor q good crop.
The cotton market received some sup
port from McFadden q Pell, brokers' to-
day but ring sentiment is very bearsh.
McFadden, GwathmeY, Cone and Schll
were best buyers after the call. Munds,
Hartcorn and Martin were good sellers
McFedden and some of the other spot
people are buyers.
Dallas wires. Texas generally clear
and warm. Oklahoma generally fair and
warm.
Cotton freight rates from New York to
Liverpool have been raised to 30 cents
hundred pounds
Some spot houses say that Texas has
about 100000 bales of old cotton stored
away to work score on planters and
buy new cotton cheaper.
McFadden, Gwathmey and Weld con
tlnued to sell through the day, depressing
the market Pell brokers and, ring spec.
snap. Some of the bear forces predict
10 cents
We have the following wire from Dub
lin. Ca, Laurens county: Boil worms
devasting cotton in Laurens and sur
rounding counties
Following are II a m. bids: October
1854, December 1924 January 1899,
NEW ORLEANS. Aug. 2S.-Hayward &
Clark: The weather map very favorable
shows fair entire belt; normal tempera-
lures; only few showers on coast Indi
cations are for stationary conditions, eN
cept probably increasing cloudiness; some
showers in north Oklahoma and north
Arkansas; rainfall only Savannah 100.
New Orleans so.
Houston says but for scarcity ocean
freight room receipts would he larger
The New Orleans Times Democrat
says. While the remnant of the old bun
guard is inclined to believe the bears are
pushing their success too tar, spot mar
ket development proved a help rather
than a hindrance to the price depreeSer
Yesterday though actual cotton still holds
above a parity with contracts except at
Mobile. which quotes middling at 1915
seller of spots for the simple reason Sa-
vannah receipts of new cotton thus far
amount to only 454 bales as contrasted
with q $40 last year In Texas the sit
uation is complicated by scarcity Of ocean
freight room out of Galveston. The ex-
port demand is enormous-in fact. If is
limited only by the shipping facilities as
it is asserted that fully half dozen
additional ships could be filled for Sep
TENDER sailing out of Galveston. But the
ships are net available and Texas eX-
porters have begun to regret they OPP
posed complete railroad rate PARTIES be
tween New Orleans and Galveston from
adjustment that will enable them at will
to use New Orleans as well as Calves
ton. Close analysis clearly shows little
or no thought now among short sellers
of possibilities of larger requirement
and moderate supply. The marketing
Qurement will he large, otherwise less
would be heard Of strain on the shipping
facilities on the heels or the absorption
by consumers Of the greatest supply on
record.
Estimated receipts THURSDAY;
New Orleans ......., 80 to - Is ,3,172