Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-14
NEWS AND GOSSIP
Of lie Fleecy Staple

NEW YORK, Aug. 14.-Carpenter, Bag
got q Co. our opinion is unchanged
rms decline has been due largely to
manipulation, assisted by some recent
hedge selling, this market against long
contracts in Liverpool The decline has
1 been exaggerated. Ninety per cent Of
crcp 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
ton goods are not active, Shipments on
old orders constitute the chief feature, and
there are still many goods due.
GUILD, Hubbard Wenman bought Ian
uary. Schill, Hentz. Schiller sold. Free
man, Lee, Johnson, Schill. Rordan bought
December. Rothschild. Cone. Hicks sold.
lee bought October. McElroy, Hordan,
Dallas wires Texas Scattered clouds
south and southwest; balance clear
and warm. Oklahoma--Cloudy; light rain
at Newkirk; balance partly cloudy to
clear and cooler
The bear just could not resist the temp
tstion today. and he put in an appear
ance. The result is easily guessed.
The next bureau report will be issued
Tuesday, September 3, and antcpations
are that it will be OF a hullish character.
Hubbard, Craig, Hentz were best buy
ers today on the advance.
Some mills were reported to be good
buyers.
Hutton places the condition at III
against 1875 last month.
Hutton, by states North Carolina 81 ;
South Carolina, 10; Georgia, n; Alabama.
70, Mississippi. rs, Louisiana so; Texas,
IS; Arkansas, rs; Tennessee, IL; Okla
Following are II a. m. bids October
LA, DECEMBER lLS2, January 1913,
NEW ORLEANS, Aug, 14-Hayward &
Clark: The weather map shows partly
cloudy to fair. with some isolated show
ers in North Carolina, where rains are
needed Temperatures are normal. In
dications are for partly cloudy In west
Texas, Oklahoma, with possibly scattered
Few Scattered clouds in south and south
west Texas, balance clear and warm.
Oklahoma, cloudy, threatening at Ponca
| City and light rain at Newkirk; balance
partly cloudy to clear.
The New Orleans Times Democrats
summary says: Again cotton, values
| dipped. This time October in New Or
leans dropped to ills. At that price
support developed and October climbed
| to lbs. 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 199 as against II GO yesterday Oc-
| tober was al los, against II AS yester-
| day, and New Orleans middling spots at
| lie 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 l9l1-1912 will ultima tely
effect an enormous yield, this year the
! fact that the mills are not bare of sup
| plies offsets any deficits in the yield of
| 1912 under that of 1911.
Estimated receipts Thursday:
! 1912. 1911
| New Orleans ....... is to so 22E
Galveston ...........2, 1900 to $500 1875