Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-17
NEWS AND GOSSIP
OF tire FIeecy Staple

NEW YORK, July l6 Carpenter, Bag
got & Co: Twelve New Bedford mills,
employing 10000 operatives were closed
last night for an indefinite period as a
result Of the strike of weavers and loom
fxers, which went into effect Yesterday
The technical position of the market
cent buying says The sun The weekly
weather report today is expected to- be
bullish but 50 much nervousness has de
Veoped in the new bull camp that unfa-
vorable news is likely to be utilized for
liquidation, rather than making fresh pur-
chases.
Galveston received two bales Of new
crop cotton. II is expected that cotton
will be moving freely from south western
Texas
American spnners have been reported
as being heavy buyers Of new crop ship
Aiabama has reported new CROP
killer. a little black bug, which is play
ing havoc with young cotton in thai state
A Washington press dispatch yester-
day stated all arrangements had been
completed for passing in the house ot rep
resentatiVeS the Beall cotton futures bill.
Advocates Of the bill also. declare it will
be put through the senate although OPP
ponents assert that such an outcome Is
wholly impossible at the current session.
inasmuch as the senate IS oVercroUded
and is ndispOsed to do anything that
would obStruc. adjournment
Dallas wires: Texas eastern portion.
cloudy balance clear to part cloudy
warm. good rains Yesterday afternoon at
Beaumont. Marshall. LOngview. Arlington,
Athens, light rains Al Mt Pleasant.
Quanah. Cleburne Nacogdoches, and
scattered showers oklahoma, clear &c
part cloudy light rains at Hugo and
southeastern portions
Pine Bluff Ark. wires Paris green
in great demand worms doing great dam
age eating cotton. Their appearance IS
earliest ever known before. The great
est damage is around Arkansas and north
Louisiana
Following are II a m bids July. l2.07,
October, lZ.2S; December, l2.SS; January
New ORLEANS. July Is. Hayward y
Clark The weather map shows, partly
cloudy to fair in Texas and Atlantlcs
light rains al Fort Worth Houston fair
in oklahoma Arkansas. Alabama, Mis-
sissppi and Tennessee, general showers,
heavy a Nicksburg and Jacksonville,
light to moderate showers in Georgia and
The New Orleans Times Democrat says,
\ sharp decline in the value of American
cotton contracts yesterday was explained
in various ways. but the talent agreed
that such a reaction downward, a. a time
when dry goods reports are more bullish
than ever. should a least he Interpreted
as a stop. look and listen warning Al
advance of cents a pound from the low
level in December last is certainly en-
titled to some consideration as dis
counter of conditions. even though the
trade pointer he favorable and the crop
pointer be unfavorable.
The contending schools of market opin-
ion are on the subject of trade The
facts concerning trade are more or less
obvious The absorption Of raw cotton
proves many things but the condition Of
the crop is different matter Here
opinion constantly conflicts. The weather
always seems better and worse than it
really IS The status of the plant raises
hope, disappointment, confidence or fear,
according to the viewpoint and the state
of the market For this reason dry
weather in Texas. rain in Texas. the eli
mate in the Atlantics. and other basic
conditions produce The widest possible
variety of effect on the minds of the tai
ent.
Estimated receipts Wednesday
1879 191t
New Orleans. .........,... $50 to $50 355