Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-20
NEWS AND GOSSIP
OF tie FIeecy Staple

NEW YORK. July Carpenter. Bag
got II Co. Rains in Texas had de-
pressing effect on Liverpool and this mar
ket, but the demand from same sources
as yesterday seems good.
Riordan has been good buyer since the
opening Mitchell and Schill also buying
The Waldorf Astoria crowd were again
among the best buyers today, absorbing
all offerings coming their way.
Commission houses reported to be GOOD
Dallas wires Texas Heavy rains in
Houston, McGregor, Coleman, Mercury,
San Antonio, Bremond, Big Springs, Ham
lin, stamford and west Of brentwood
good rain Waco, light rains Mexia Tenn
pie, Hilisboro, kaufman Cleburne, Mer-
ket, and scattered showers. balance clear
and warm
Mitchell at the opening today began
bidding the market up, buSing October
Mike Thomas wires from Dallas These
light showers and hot weather causing
complaints of shedding.
The New York Commercial says: THE
continued bad weather has turned sen
timent toward the bull side again
The Journal Of Commerce says: There
are indications that the early receipts of
the new crop will find ready buyers
NEW ORLEANS, July la.-The weather
map shows fair in Oklahoma, Arkansas
cloudy elsewhere. Only light showers in
Texas, except heavier rains san Antonio,
Houston No rains TT Ntlantics but gen
eral and rather heavy rains In central
states. Indications point 10 unsettled and
showers, IN Texas and lower central
states, but clearing for Tennessee and
the Caroinas.
Memphis clear and hot. Yazoo City
partly cloudy and warm, Greenwood
cloudy and hot, rained last night Nicks-
burg cloudy and warm, rained last night !;
Greervlle, Miss, cloudy and warm, rained
last night
Ss san An Ssan ' wires Flight to good
rains east and southeast Very little
south and southwest, partly cloudy.
Habersham King in his last report,
says: Am strongly Of the opinion that
coming out Of a wet June, the slow clear
ing Of the skies was most favorable. I'M
agine the damage to a sappy plant u
clearing had been immediate AS il is,
with the exception Of small areas, there
has been almost a complete clearing out
Of the grass between the showers over
the eastern belt. | consider Texas be-
coming critically dry, especially in the
western ana central portions, and un-
less relieved serious damage will be
worked in a fortnight.
The New Orleans Times Democrat says:
Broadening speculative interest based
upon the growing conviction that the
weather is only one of the several strong
features contributing to the advancing
tendency being displayed BY the market
has resulted in considerably more &C
tiVitV around the ring, and brokers are
asking themselves the delightful question,
HAS another bull campaign begun The
July position is performing IN manner
that recalls to mind the triumph of for
mer huh leaders in the market and the
paucity OF tenable grades as well as the
insistent demand from both European
and American spinners for good grades,
has given the holders Of October con-
tracts new ideas as to the real value Of
cotton to he delivered during that month.
Continued rains in the central and east
ern portions Of the belt do not suggest
any unusually early supply of good
grade cotton and if the statements made
by exporters are to be credited Texas
has sold a world Of good grade cotton
that will find its way to the spindles
instead Of ia the contract market
Estimated receipts Saturday:
1872 1911
New Orleans l......... $50 to $50 81