Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-19
NEWS AND GOSSIP
Of tie FIeecy Staple

NEW YORK, Aug. l9.-Carpenter, Bag-
got Y Co, Mr. Tate, of Carpenter, Bag
got & Co, says: 1T is indeed hard to
get a line on cotton. No matter how
publish the news is there seems to be a
disposition to sell. This last decline was
que 10 reports of some rain in southwest
Knows does more harm than good, but
!! depressed the market. causing liquida
tlon and short selling until the price is
tdst reaching a point from which a re-
pound must come, although at the mo-
ment 1t looks as though the bears have
control of the situation
a very bullish September government
condition report is expected and before
that time we expect to see a considera BILE
advance and dissipatio of the claim
mat THIS crop is more than fourteen mil
lion bales.
II think | would be careful to avoid
ne short side and work only to the long
The Memphis Commercial Appeal re
port son the growing crop during the past
week as follows: THE week was favor
able over much of the larger part of the
COTTON states. and in many sections the
development al the present time is all
that seems possible The plant is grow
ing very fast and is taking on fruit in
d very satisfactory manner, The earlier
oolIs are nearing maturity. and if frost
is somewhat delayed, districts that once
looked poor will make a fair or a large
crop. 1t is worthy Of notice, however .
mat up to August ! the plant was small
any fruit to speak Of Since that date
1t has done well, but naturally has not
made up for all early deficiencies 1t is
also true that owing to the delay in this
process a late season is needed TO ma :
ture the crop Exceptions to the general
progress are noted in North Carolina and
south central and southern Texas, where
rain has been insufficient to carry the
plant forward. There is very little open
cotton except in Texas Boil weevil are
more numerous in Mississippi and Louis
lana"
Geer was credited with Selling Mitchell
5000 October during the first few minutes
of the morning session.
McFadden and Weld interests were
best sellers during the early trading Com
mission houses and ring best buyers.
McFadden and Mitchell sold the market
off shortly after the opening through
their heavy selling:
generally clear and warm: no rain"
Following are IL a. m. bids: October.
LILO; December, ILL; January, I'LL;
NEW ORLEANS. Aug. 1s.-Hayward &
Clark: The weather map shows cloudy in
south and west Texas; generally fair else
where; some light showers in south Texas;
some nice showers in north louisiana
central Mississippi. few isolated show
ers elsewhere; ideal warm growing wea til =
er. Indications are for continued unset
tied weather west and south Texas prob
ably some light scattered precipitation;
generally fair rest of belt
With exception of scattered local show
ers coming week will be one of fair weat tn =
ar and moderately high temperatures in
Southern states. No indications Of dis
| turbances in West Indies at present time
The New Orleans cotton exchange will
be closed saturday, August 81, and Mon
DAY, september 2, on account of Labor
Day being legal holiday.
Evergreen. Ala, offering spots for ship
ment next week This looks like crop not
so late as claimed.