Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-07
NEWS AND GOSSIP
OF tie FIeecy Staple

geS CO. aoNS Mc HHSE iEsTPsRG5 h sad
E Ma,srs selling Mshel Ri Sni Me-
after call While buying is coming from
good people, the market has not the snap
1t SHOULD have. Ring selling also.
Raining hard a Fort Worth, Dallas and
panhandle"
Weld and the ring crowd was generally
selling in the late trading yesterday.
There was little or no support given the
market. The bulls seem to be doing moth
ing. awaiting developments in Texas
The first new bales of cotton received
from Georgia was consigned to Carpenter,
Baggot & Co. and sold to Norman 4 Co.
at 1919 cents per pound.
Ginners and compress people report re-
markable Improvement in crop conditions
in Georgia and Alabama in the last two
weeks.
Very little is heard of the boil weevil
run them to cover.
Liverpool continues to drop Spots
there today were I09d, drop of %
Texas rainfall: Columbus, 10; Corsi-
cana, 81; Fort Worth 80; Greenville,
10; Henrietta, GA; KQpperl, 10; Long
40; Sherman. so; Taylor. .0f; Waco, 80;
WaXahachie, 20 Weatherford, "a; and
Temple OF.
Following are II a M. bids: August
~''Ni oNtObSl' IH'-V' i'SNCiiibSAf A-'-''
January, 1920,
NEW ORLEANS, Aug. Hayward &
Clark: The weather map shows cloudy
entire belt; general showers central and
north Texas. Oklahoma and central
states; also along Atlantic coast districts;
little warmer.
Fort Worth, 80; Taylor. .04 Fort Smith,
:OS: Little Rock, OF; Memphis. ,02; Nicks-
burg, 02; Nashville. 90; Chattanooga, 10;
savannah .06; Jacksonville. "a; Jack
son, .0S
Telegraph companies report further eX-
tensive rains in Texas-regular rainstorm
over west Texas-good rains in Okla
homa.
Inch and three quarters rain reported
at Round Rock in south central Texas.
This is near Austin. New receipts in
creasing at Houston-533 new today.
The New Orleans Times Democrat $
summary: Yesterdays cotton market de-
cline was a whirlwind finish to the bear
lsh brainstorm, according to the bulls.
According to the bears II folded up bull
ish hope for the near future like a pune
tured accordion from which no more
music will come. Both views can not he
correct consequently a bit of cold logic
in the heat of the fray may help solve the
riddle. Splendid rains have fallen over
the greater portion of Texas, and mOder-
ate to light rains have fallen over the
greater portion of the remainder of the
state. The hope and the fear of the cot
ton man usually has it's rise in Texas,
hence in the minds of a majority of trad
SiS lhe IneudCe Oh QrOutn mas now Deen
replaced by the promise of ideal growing
and fruiting conditions during the criti-
cal month of August.
Under the stress of the moment when
| bearish sentiment has the right of way,
only few students of the crop seem to
remember that all season the basis of
buhish crop expectation has been the be-
lief that no matter how favorable the
weather, the plant as a rule has it's in
creptiOn under sufficiently adverse con-
dttions to handicap it's fruiting and ma
turing ability, but the re-explotation OF
such beliefs must await the coming of
bad weather or keen spot demand be-
fore. the talent will give it ear. Texas
needed rain and it has received rain
enough in some sections to suggest the
accumulation of season in the ground for
next year. Nevertheless the government
| promised fair weather in Texas and for
| that reason longs have persisted in their
| refusal to credit possibly exaggerated
! private rain reports, until fully confirmed
! by the government.
| Estimated receipts Thursday:
| 1912. 1911
| New Orleans ..................8 so to 100 .;