Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-05-09
NEWS AND GOSSIP
Of tie FIeecy Staple
From HAYWARD & Clark.

NEW YORK, May s.-Carpenter, Bag
got & Co: Mitchell bought 5000 Octo-
Der from Schll at SO after the call.
Al 1880 the ring crowd was selling, with
Schley and Schil leading.
Dallas Tex wires Texas generally
cloudy and pleasant; heavy rains in Jack
sonvlle Abilene, Baird, Corsicana, Bal
linger. Stephensvlle, Waco Weatherford,
Clyde, Eastland and Quenah. Good rains
between Aledo, Baird. k,astland, Fort
Worth Merkle and Waxahachie- Okla
homa partly cloudy and cool; scattered
rains
Following are II a. m. bids May l154'
July Il As, October 1852. December llI4.
Warehouse stocks in New York We'd
nesday, 1886, $3.50; certifcated, l20913.
Estimated receipts THURSDAY: 49,
New orleans ...... 200 to / 500 s,o9s
NEW ORLEANS May S-The weather
map is better than expected, Shows falr
in eastern Alabama and all Of the At
lantc states. Partly cloudy to fair IN
the remainder of the belt; rather general
showers in eastern half of belt, but rain
was generally light except on coast dis
trict. where some heavy rains occurred
Some good rains in northwest IeXas. In
dcations are for improving weather, part
~ cloudy to fair, with probably few
scattered local showers. but no indications
for general or heavy rains.
New York wires "NcF adden inter-
ests credited with depressing the market.
generally believed to create buying pa
sis Sentiment growing more bullish.
Getting broader. Fearing q wet May.
which might easily cause more rapid
and extensive advance than has yet re-
suited from trade conditions Market po-
sitiOn healthy with shorts and sold out
bulls waiting a chance to buy. Season
now so far advanced that damage TO cot,
ton already planted has become even
more serious than delay to preparation y
soil Trade will soon learn that wet
Nav brings more disaster TO crop than
August drnuth or insects. Expect mate
rally higher market in near future
The official average weight per hale Tor
the belt 1t the end Of the eight months
of the season is given as 1854, against
5l6S1 last year
The New Orleans Times Democrat: Re
actions are not illogical at this time. but
seem to come with due regularity after
dips as well as bulges. The new crop is
monster old supply is being absorbed at
a rate that might alarm somebody had
not anybody become accustomed TO CON
slant heavy off take That there is short
interest in the actual stuff in thes local
market, is asserted by many leading eX-
porters, that the actual bale is held in
esteem in the South is shown by yester-
days spot advance of l-l6c savannah.
of sc at Augusta and Norfolk and Of
g. sc al Mobile In New Orleans. the
unsold stock has shrunk to small proper
tions Meanwhile the bull faction insists
on judging general trade conditions by
the volume Of cotton passing 10 the mills.
and the bear faction insists on judging
general trade conditions by the volume of
new business that turns up each and
every dav The mills have bought up the
supply from the Yield of 1911 and have
also bought some cotton to come from the
WELD Of 1912 for deliver in September and
October says the bull The mills have
quit buying and have not bought any cot
ton to speak of since prices climbed above
9 cents, says the bear. And there the
argument rests.