Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-09
NEWS AND GOSSIP
OF tie FleeCy Staple

NEW YORK, Aug. 9.-Carpenter. Bag
got & Co: The Journal of Commerce
says; The course of cotton prices will
De governed by weather and attitude of
large trade interests.
The New York Commercial says: Cool
er heads declare the worst is over and
that present crop prospects justify u
Cotton continues to seek lower levels.
Some wonderful crop report of improve
ment must be in the hands of those who
continue to liquidate.
The trade is looking for the next bu-
reau report to be issued September to
show great Improvement in conditions.
McFadden and ring crowd general sell
ers throughout session Shearson, Dick
and Riordan best buyers.
Texas rainfall: Abilene, %; Brown
wood, 1.5O; Dallas, 2,12; Eastland, 200;
kell. la Houston. oil; Lampassas, 40;
Paris, 1.80; Riverside, "a; Sherman, 1.04;
WaXahachie, %; Weatherford, 46.
Carpenter, Baggot & Co. say: Con
sidering the strong sentimental influence
which rains in portions of the states of
Texas, Oklahoma and Arkansas have had
on the market, we hardly feel justified in
expressing an opinion, but some of the
features induce us to continue bullisb in
our IDEAS and to feel confident that ulti-
mately higher prices must rule"
1857: October, 11.S3; December, II SO;
December January, 1l.S3.
NEW ORLEANS. Aug. 9.-Hayward &
CldTh. ] he WGdlneT map SHOWS CLOUDY
over entire belt, except fair in a few spots
in south Texas General rains in north
Texas, also west portion of Oklahoma,
Arkansas, central and eastern belt. Rains
were moderate in central states, but
heavy in Alabama and Atlantics except
North Carolina. Indications are for con-
tinued cloudy. showery weather in belt;
rain indicated also for southern half of
Texas and North Carolina.
- Reliable advices from San Antonio,
Texas, reads: SO far as the cotton crop
of south Texas is concerned it has de-
Perforated greatly, and cotton that was
expected a month ago to yield one half
to three quarters per bale, is not expect
ed now to make one bale to four acres |
understand, however, they have had rains
in north Texas and Oklahoma and that
conditions there are better. The high
temperatures we have had in this part
of the country and our lands mostly being
of light sandy soil went to pieces within
a short time
The New Orleans Times Democrat says:
Bearish success is broadening bearish
sentiment which in turn is robbing the
ranks of the bulls Of many workers
What the end will be no man knows II
is a fact too potent for argument that
rains all over the belt, with the exception
of portions of south and southwest Texas
have improved, the crop promising to a
tangible extent: and the low price people
are now claiming, whereas, they feared
drouth and high temperatures on a
watered plant, high price people must
fear rains and moderate temperatures,
However, history alone can reveal the
influence or the outturn of the original
handicap of a late start in poorly pre-
pared soil.
Meanwhile there is a surplus of con-
tract sellers and dearth Of buyers, and
the brakes were applied to yesterdays
decline, not so much because there were
men in the market with faith in the price
but, because the parity between America
and Liverpool had so greatly widened as
t. make purchases on this side seem at
tractive. without much regard to the
probable future course OF the market.