Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-22
NEWS AND GOSSIP
Of the FIeecy Staple

NEW YORK, Aug 2l.-Carpenter, Bag
got & Co: Mitchell was right in the
limelight today. He was credited with
buying 10000 December and January on
the call.
Schiller. Waters. Hartcorn. Pearsau and
Mitchell best buyers after the call. Cone,
Springs, HentZ and McEroy sold.
Friday, August 30, will be the first Sep
This year Texas had a wet June and a
dry July, but last year it was reversed
dry June and a wet July
Memphis says that if the crop is 10000
600 bales, Texas and oklahoma will have
to furnish 5000, 600 bales of it.
The ring sold heavily on the opening
and when the demand by Mitchell and
others started, the advance was rapid,
with little cotton for sale.
McFadden, Mitchell, Gwathmey and
McElroy bid the market up today. McEl-
roy buying said to be for New Orleans,
and 1t is said the other buying was on
untaEorable reports from Texas.
Browne, Prakeford & Co, Liverpool,
ing orders from the continent. Over
Dallas wires: SSrexas-Clear and
warm, no rain. Oklahoma-ShoWerS
Weatherford to Geary. Enid to Perry,
King to Fisher, Newkirk to Cushing,
Usage and Alton to Chelsea: storm APP
proaehing from northwest; balance of
Following are II a. m. bids: October
%, DECEMBER 1l.S4, January ll.26,
March 1l37.
NEW ORLEANS. Aug. 2l.-Hayward &
Clark: The weather map is very ia
yorable; shows cloudy in north and west
rain in north and west Texas; good rains
| in North Carolina, where needed; gem
orally fair elsewhere; few scattered show
erS. Indications are for unsettled and
cooler with rain in western states and
Arkansas; partly cloudy; scattered show
ers elsewhere, followed by cooler with
showers tomorrow.
information from Texas confirms yes
terdays forecast. Things shaping for rain
and cooler weather.
Laurel and Hattiesburg, Miss, have
! opening very rapidly in that vicinity.
! Crop is a few days earlier than last year
/ Gwathmey and Mitchell reported heavy
| buyers in New York Also better adj
! vices from Liverpool caused squirt
| The New Orleans Times Democrat says:
| Tuesdays cotton market left contract
| values near the lie mark, with near de-
| liveries showing the greatest declines.
! The explanation given by the low price
! people, in effect. was as follows: ocean
! freight rates are very high, and there is
/ for August and September and not much
! chance 10 augment the tonnage pro-
Vlded until later in the season. The Tex
4 as movement, particularly because of the
drouthy conditions in the south and south
western portions of the state should in
crease rapidly from now on, and with
ocean tonnage scarce ana hlgh, offerings
are freer, the basis is lower and there is
| some reason to expect q touch OF con-
! gestion at Galveston before very long
/ All of which suggests a very wide parity
/ between New orleans and Liverpool The
| high price man admits the scarcity OF
ocean freight room, the presence of in
I creasing movement and of more sellers
, of the actual, but can not find proof OF
+ ar enormous crop-more than $4,000 00C
! bales, SaY-nOr sufficient evidence of wan
! ing trade to worry the believer in a very
q, large requirement.
Estimated receipts Thursday:
1912 1911
New orleans ........... is to 20 314