Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-21
NEWS AND GOSSIP
Of the Fleecy Staple

NEW YORK, Aug. 2O-Carpenter. Bag
got Il Co: While Liverpool was not as
good as due on our close of yesterday,
sun the buying was rather good and pre-
vented decline.
ne opening was quiet, but after open
ING mere was evidence of some of the
ca buHS buying a little cotton which
caused snort covering. bringing about d
rev points advance, While there is lit
1le spot demand heard of, in general
way some or the spot houses say SPIN
heTS are buying on the decline.
ne course OF the market at the mo-
mehl depends on whether mills are will
ing TO BUY around present prices or await
further developments over the belt with
tne prospects Of buying at a lower level
Inc Waldorf crowd have been good buy
ers TO-DAY and there is some spot demand
reported, which Is stimulating market.
Inc journal Of Commerce states that
transactions were reported yesterday in
print cloths at concessions OF Lice to isc.
out the quantities involved were not con-
Sldered large enough TO establish new
basis of value
Catles was the largest buyer after tho
man sold sch}n I Henta bought S2sdSs septe tenn
Der, Lehman sold. Finn Wiggin Schin
bought. Hentz, Mitchell sold.
Mitchell was the best buyer during the
Schill were best sellers.
Browne, Drakeford & Co. Liverpool,
sabled us this morning as follows: "Ab-
Stbtt SlltCuldliOIl, nHuBt SelluE
Cohen. Lee. Lehman and Cone were
best buyers today on advance. The ring
selling on all rallies.
Sentiment continued bearish. but very
little cotton for sale.
Following are II a. m bids: October.
y %: December, 1l.33; January, III;
March, ! l.2S.
NEW ORLEANS. Aug. 2O.-Hayward &
in south Texas. west Texas and North
Carolina. Fair elsewhere; some showers
in south Texas Few isolated showers in
rest of the belt. Temperatures lower in
Oklahoma and northwest Texas Weather
very favorable. Indications are for I'M
settled, cooler and rain coming on western
states in near future. Cool wave APP
preaching also rain indicated for North
Carolina. Partly cloudy to fair else
where
Houston Texas, receives 12.5l5 new
bales today against e,l3S last year.
The New Orleans Times Democrat
says: over Sunday a little rain fell IN
Texas and cooler weather with ram IS
promised in that state. Nevertheless the
contract rings encountered a distinct re-
dictionary spirit which suggested the pres
ence of a burdensOme short interest and q
scarcity of speculative sellers Al OF
which should interest the talent in view
of the bearishness of most operators OF
the relative strength of the actual SUN,
of the expanding new bale movement and
Of the scarcity of ocean freight room
Either futures are too low for spots and
must climb at least so points during the
near future. or spots are too high for flu
lures and the basis must break.
Bulls confidently expect pessimisuc re-
ports from the Atlantics within day OF
two Fears expect rains and cooler
wea Their in Texas Exporters seem to be
finding cotton enough for the filing OF
their August commitments out of Calves
ton. but say that new business Is danger
Gus because of the high basis they must
now pay
Dallas wires as follows: Texas and
Oklahoma, generally clear and warm"
Estimated receipts Wednesday:
1919 1911
New Orleans 100 to 200 SOC
Galveston ; 600 to 5000 II So