Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-29
NEWS AND GOSSIP
OF tie FieeCy Staple

NEW YORK, Aug. 29.-Carpenter. Bag
got Il Co. The Journal Of Commerce. in
IT'S condition report of the growing cot
ton crops in Tennessee Florida and Ala
bama, shows the following conditions:
Tennessee-Condition has advanced
during the month but prospects are not
as good as year ago. when percentage
condition was S5.4. The plant is medium
size, strong and well fruited, and fields
are IN good state of cultivation few
sections, however, complain of grass but
me whole state is remarkably free Of
insects The season is two to three weehs
backward, but with a late frost good
crop win be made
notwithstanding condition has about
held its own during the month, excessive
rains nave been detrimental. but with
no further setback a fair yield is ex-
pected.
Alabama very favorable wealth
er conditions cotton has shown decided
Improvement over a month ago. The
plant IS strong and healthy. and fun Of
tivated and in good condition Rainfall
has been plentiful Worms, however. are
beginning TO appear, but as yet have
Two to three weeks late, and hot and dry
weather is needed to hasten maturity
The Journal of Commerce says: no
stronger confirmation Of the reported low
condition of cotton goods stocks at mill
centers could be had than the way mill
agents declined to accept additional or
ders for quick delivery on several lines
Dallas wires. "TeXas-GeneralIv clear
and warm Oklahoma-Pona City cloudy:
threatening in northern portion. partly
cloudy; balance clear"
New Orleans said to be good seller here
McFadden, Mitchell, Gwathmey Hicks
Jr,, and Lehman were fair buyers while
Black, Upper, Rothschild, Springs. Gu
moens and Weld were the best sellers
The market was very narrow today but
steady. Some scattered buying was done
nut very little cotton was for sale.
Next Friday will be the first Septem-
1929, DECEMBER 11Os, January 1895,
NEW ORLEANS. Aug. 29.-The wealth
er map shows absolutely no signs OF any
storm. All storm rumors are Inventions
TO affect market Prospects, however,
are good for rain in southern half of Tex
as IN near future. Indications for un-
settled, shoWery, cooler weather coming
on north Texas, oklahoma and Arkansas;
prospects also for further showers in
south Texas and middle Gulf coast dis
tr1cts; partly cloudy to fair in the In
terror of central and Atlantic states
Rainfall in Galveston "a, New Orleans
.66. Mobile .42, Houston 16
savannah announces plus correction
in stock of 6.5S7 bales
The New Orleans Times Democrat SAYS:
turther adVices from Texas encoura ged
the talent to expect somewhat higher
condition percentage from the government
on september ) than many operators have
been looking for, and while the moderate
crop people adhered to their belief in a
yield well under 100000 600 bales, they all
seemed to recognize the probable shift
OF sentiment and acted accordingly. Day
after day tie market works downward
and specula tors appear willing enough to
sell all the contracts the trade can use
az hedges Consequently, confidence in
!oWer markets spreads rather than
shrinks. At the moment there are no
genuine bulls on the market; that is, no.
body seems to think rallies of impor-
lance will occur in the immediate future
But there are many men who sincerely
believe the crop IS being overestimated
and trade underestmated, and these
men are more convinced every day that
sellers will sell themselves into a hole
just as they did last year
Estimated receipts Friday:
1912 1911
New orleans go. 30 to 80 ..
Galveston ...... / 900 to 49, 600 16, $50