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

NEW YORK, Aug. 19.-Carpenter. Bag
goi X Co: Mr., Tate of Carpenter. Bag
got & Co, says: 1T is indeed hard TO
get line on cotton. No matter how
pulllsh the news is there seems to be
disposition to sell. This last decline was
que 10 reports of some rain in southwest
Knows does more harm than good but
II depressed the market, causing hquida
ton and short selling until the price is
iasl reaching point from which re-
oounu must come. although a the mo-
ment IT looks as though the bears have
control of the situation
very bullish September government
condition report is expected. and before
that time we expect to see a considerab BILE
advance and a dissipation of the claim
Ihat ms crop is more than fourteen mill
lion bales.
Il think | would be careful to avoid
the 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
abie over much of the larger part of the
cotton states and in many sections the
tGbe at Sdane at the present time is all
ing very fast and is taking on fruit IN
very satisfactory manner, The earlier
ooHs 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,
maj up to August I the plant was small
'NNA Ntl y W lut areas ana -ndu not SET
any trult to speak Of Since that date
II mas done we'll but naturally has not
maze 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
ram mas Deen 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"
FolloWlng are II a. m bids: October,
I.lO; December. ll.l7; January, ILL;
March, Hip.
NEW ORLEANS. Aug. 19.-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, a few isolated show
ers elsewhere; ideal warm growing wealth
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 wealth
sr 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.