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

NEW YORK, Aug 80, --Carpenter, Bag
got X Co: The journal Of Commerce. in
IT'S condition report Of the growing cot
ton crops in Tennessee, Florida and Ala
pama. shows the following conditions:
nnessee-Condition has advanced
curing 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 weeks
backward, but with late frost a good
crop will be made.
tlorlia-Percentage condition has about
held its own during the month, excessive
rams have been detrimental, bur with
no further setback a fair yield is ex
Alabama-U Under very favora BILE wealth
er conditions cotton has shown a decided
Improvement over month ago. The
plant is strong and healthy, and full Of
trult and fields are generally well cul-
tNaled and in good condition Rainfall
has been plentiful. Worms. however, are
beginning to appear but as yet have
done but little damage. The season is
two 10 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
GERS for quick delivery on several lines
of merchandise"
Dallas wires: "Texas-Generally clear
and warm. Oklahoma-Pora City cloudy;
threatening in northern portion, partly
cloudy; balance clear
New Orleans said to be good seller here
McFadden Mitchell, Gwathmey Hicks,
IT., ana Lehman were fair buyers. while
Black, Upper, Rothschild, Springs, Gu
the market was very narrow today but
steady. Some scattered buying was done
but very ,, little cotton was for sale;
Der notice day.
Following are II a m. bids: October
I994 DECEMBER 1l.OS, January 1895,
NEW ORLEANS. Aug. 29.-The wealth
err map shows absolutely no signs of any
storm. All storm rumors are inventions
10 affect market: Prospects, however,
are good for rain in southern half of Tex
as in near future indications for I'M
settled, showery. cooler weather coming
on north Texas, Oklahoma and Arkansas;
south Texas and middle Gulf coast dis
tricts; partly cloudy 10 fair in the in
terror Of central and Atlantic states
Rainfall in Galveston "a New Orleans
.66. Mobile AZ, Houston .l6
Savannah announces a plus correction
in stock of 6,5S7 bales.
The New Orleans Times Democrat says:
further adVices from Texas encouraged
the talent to expect a somewhat higher
condition percentage from the government
On September 3 than MANY operators have
been looking for, and while the moderate
crop people adhered TO their belief in a
yield well under 900 bales, they all
seemed to recognize the probable shift
OF sentiment and acted accordingly Day
after day the market works downward
and specua tors appear willing enough to
sell all the contracts the trade can use
as hedges, Consequently, confidence in
lower markets spreads rather than
shrlnks. 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 underestimated and these
men are more convinced every day that
sellers will sell themselves into hole
Just as they did last year
Estimated receipts Friday:
1912 39ll.
New Orleans ... 80 TO 30 ......
Galveston ......17,000 to IS 600 10 $50