Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-10-17
NEWS AND GOSSIP
Of TIE Fleecy Staple

NEW YORK, Oct. 16.--Carpenter. Bag
got & Co.; There was very little cotton
for sale today, and this was a chief fac
tor for the short covering. The demand
continued good throughout the day.
Spot interests have been among the
most aggressive parties of the day, but
no spnners demand was reported.
Dallas wires: "Texas-Generally cloudy
and damp San Antonio reports raining
since yesterday afternoon: drizzling rain
at Jacksonville, Athens, Mount Pleasant,
Merkel; raining Eastland all night;
Generally fair; 40 to Sc above
The market was bought today on storm
news, but the crowd was inclined to sell
on all rallies and pay little attention to
McFadden, Mitchell, Springs, Riordan
were sellers on. declines. Bashford Shear
son and Waters best buyers and those
who sold yesterday ere buyers. Market
Political news abroad better today, but
oullish influences seem to have little eff
feet on market, as sentiment continues
extremely bearish Trade buying has
been principal support today:
Following are II a. m bids: Octo-
Der 1906, December 1899, January 1898,
NEW ORLEANS, Oct. 16.-Hayward &,
Clark: The weather map is favorable,
showing partly cloudy to fair in central
and eastern states only few light sprin-
kles Mississippi rainy; misty weather in
Texas. Geenral precipitation, mostly light
in Texas, except south portion, where it
is heavier Storm formation touching
south Texas indicated course over Rio
Grande into Mexico. Indications are for
partly cloudy to fair in central and east
ern states; misty, rainy weather in west
ern states. Storm over mouth of Rio
Grande will in all probability move up
that river into Mexico. No danger for
belt indicated
Official sources report from Browns
Vile, Tex, says: Severe storm here.
blowing about 50 miles per hour Corpus
Christi. very heavy blow. Telegraph poles
blown down and general damage Claimed
as part of dock at Arkansas Pass gone.
Heavy rains well scattered over the state.
Damaging open cotton"
Liverpool reports covering of large short
lines today.
west, but will hardly be felt before be-
ginning of next week,
Storm warning: Hurricane warning or
dered for Texas coast.
The New Orleans Times Democrat says:
Neither the talent nor the trade is now
devotng much time or attention to the
ultimate questions of supply and require
ment, as both are kept full busy with
price factors and market phases that af-
feet the present rather than the future,
Nevertheless, since the preponderance OF
evidence bearing upon distant develop
nentS distinctly 1dNOfS the DedTlSn cause,
provided of course. that the crop is to
prove a fairly large one and the equi-
poise of trade Is to receive some sort of
telling jolt from the complicated state
the political affairs of Europe have fallen
into, the follower of the bearish banner
now feels little or no concern over the
outcome.
For these reasons, the cotton market
appears helpless and largely friendless at
times However, the declines are far
more gradual than the extreme big crop
low price people believe are justified by
current environment. fact which opens a
question of cause and effect. AS most
cotton market operators are bearish to
the core, and as no pronounced opposi-
ton to declines is in evidence. the spec
ulative seller is probably restrained only
BY lingering fear of repetition of his
disastrous experience in an oversold mar
ket during the spring and early sum-
mer of 1912, therefore he is not selling
himself into a hole now Whether this
fear will become abated under the in
fuence of slack demand for the actual
the spread of Europe's war fever and
the accumulation of unsold stocks on this
side. or whether it Is so deep rooted as to
endure. thereby avoiding the conditions
that caused the trouble of the short crowd
last spring, remains to be seen.
Estimated receipts Thursday:
1912. 1911.
New Orleans .. $500 to 10000 S.Sla
Galveston ........19,000 to 21500 17,44l