Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-11
NEWS AND GOSSIP
OF tire FIeecy Staple

The Journal Of Commerce says: Hot
and dry weather in Texas alarms the
shorts al home and abroad. four points
In Texas reporting 102. Manchester still
from Mississippi Memphis district crop
outlook less favorable. Some Texas re-
ports We're cheerful. Liverpool and New
Orleans bought Wall Street and spot in
forests sold. The thing to watch now is
Texas, as well as the eastern belt Liv-
erpool is evidently nervous about those
high temperatures in the Lone star State
rms fact is exciting some comment across
Browne, Drakeford & Co.. Liverpool ca
bles: 'Jobbers buying in early sales
Bulllsh houses bidding to sustain mar
ket, trade buying
A strike Of New Bedford cotton weavers
IS expected Monday, unless manufacture
ers abolish the filming systems.
Rumors are that Pell has not only sold
out longs, but has gone short 100000
The bulk of sales now being held by
the public hight run away If crop news
and weather favors the long side
reports from Manchester say enormous
business is being done there.
Cordill is out with a bullish report on
Mississippi
At the close Of Yesterdays session.
Riordan and Pell were credited with SELL
ing about $4,000 bales
AT present anticipa tons are pro and
con on the outlook of the new crop.
Dallas wires: "Texas.-Mineola, Jack
H.
Antonio cloudy; Waxahachie, Gainesville.
Bonham, Clarksville. Paris cloudy: bal
ance generally clear and warm. Okla
homa-Generally cloudy, with good rains
Wlster Chandler: warm
Following are II a, m. bids July II "a,
oscdober 1913. December 26, January
NEW ORLEANS. July 11-Hayward &.
Clark The weather map shows improv-
ing conditions; partly cloudy to fair in
the beit; scattered light showers in east
ern half, but much less precipitation than
III past few days Indications are for
clearing weather certain today. Govern
ment forecast likely to say fair in Louis
lana, Mississippi and Alabama
The New Orleans Times Democrat SAYS:
Nowadays Il is merely matter of point
Of view, The bear says, Never mind;
time will bring revenges." The bull says.
Time is now bringing revenges.' In
other words. the low price man sticks to
his belief that the market was on the
right road until the middle of December.
and has been on the wrong road ever
since, and the high price man is more
than ever convinced that the market was
on the wrong road until the middle of
road ever since. Meanwhile, October has
touched 1880, a price for new crops not
anticipated until few weeks ago. High
price men claim that the crop promise is
shrinking, but that the probable require
ment is not; that the world, so far from
being over supplied, still needs cotton. in
spite Of the 100000 bales produced last
year. Low price men can not get away
from the apparent fact that a crop OF IA
100000 bales this year would bring the
total for the two years to 80, 900 000 bales
which seemingly would create a surplus
big enough to make the prices of recent
famine years look large indeed They ex-
plain current strength on the ground that
thousands of outsiders have taken the
long side, thereby permitting the big longs
70 ltquidate IN volume without breaking
the market.
Estimated receipts Friday:
1919 1911
New Orleans ...,...... 400 to 500 14s