Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-14
NEWS AND GOSSIP
OF the FIeeCy Staple

NEW YORK, Aug. H.-Carpenter, Bag
got q Co; Our opinion is unchanged.
This decline has been due largely to
manipulation. assisted by some recent
hedge selling, this market against long
contracts in Liverpool The decline has
been exaggerated. Ninety per cent of
the crop news is very buliish. Think large
crop impossible. While prices may be
temporarily further depressed, strongly
favor buying on every decline Believe
in ultimately much higher prices.
The Journal of Commerce says that the
sharp drop in cotton has caused natu
raj hesitation among goods buyers, but
that a good steady business Is reported
by jobberS. The export markets for cot
old orders constitute the chief feature, and
there are still many goods due
Guild. Hubbard, Wenman bought Jan
uary Schin, HentG. Schiller sold Free
man, Lee, johnson, Schln, Riordan bought
December Rothschild, Cone, Hicks sold,
Lee bought october, McElroy, Riordan,
RothsChild sold.
Dallas wires: "Texas-Scattered clouds
south and southwest balance clear
and warm. Oklahoma-Cloudy; light rain
at Newkirk; balance partly cloudy to
The bear just could not resist the temp
tston today. and he put in an appear
ance The result is easily guessed.
The next bureau report will be issued
Tuesday, September 3, and anticipations
are that it win be of a bullish character
Hubbard, Craig. HentZ were best buy
eTS TO-DAY on the ADVANCE
Some mills were reported TO be good
buyers
Hutton places the condition at III,
against 7S.5 last month:
Hutton, by states: North Carolina, 81 !;
South Carolina, 20; Georgia, ~ Alabama,
10; Mississippi 70; Louisiana, so; Texas,
80; Arkansas, rs; Tennessee. II; Okla
homa, SO.
Following are II a m. bids: October
ll.24, December 1872, January 1l.2S,
NEW ORLEANS. Aug. Hayward g.
Clark: The weather map shows partly
cloudy to fair, with some isolated show
ers; SO at Galveston. Some light show
ers in North Carolina, where rains are
dications are for partly cloudy in west
Texas Oklahoma, with possibly scattered
showers.
Few scattered clouds in south and south
Oklahoma. cloudy, threatening at Ponca
City and light rain at Newkirk; balance
partly cloudy to clear
The New Orleans Times Democrats
dipped This time October in New Or
leans dropped to Ills. At that price
support developed and October climbed
to 1l.55. The reaction came so suddenly
and was so sharp that even conservatives,
who had been expecting some check to
the decline. were amazed Southern mills
bought contracts freely. Some shorts took
profits. Some constitutional bulls got in
again at what seemed to be the bottom.
Scalpers were in their element. When the
smoke had cleared away. the contract
market stood very close to the previous
days close while spots at New Orleans
rested Lice below the 12c mark, One
year ago the local August contract closed
at 11.99, as against II 63 yesterday Oc
tober was at 110S, against 11.46 yester-
day, and New Orleans middling spots at
Ice against II 15-16C yesterday. Whether
these price comparisons signify anything
or not the trade must Judge.
The bear says the situation in the long
run is as bearish now as IL was this time
last year because whereas an enormous
requirement in 1911-1912 will ultimately
effect an enormous yield, this year the
fact that the mills are not bare of sup
plies offsets any deficit in the yield of
1912 under that of 1911.
Estimated receipts Thursday:
1912. 1911.
New Orleans ...... t6 to so 225
Galveston ...........2,2 200 to $500 1878