Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-24
NEWS AND GOSSIP
Of the FIeeCy Staple

NEW YORK, Aug 23.-Carpenter, Bag
got & Co: Gwathmey, Hicks, Jr., Geer,
down today after an early advance. New
Orleans is said to be a seller; also Mem
phis. There was no support to the mar
( ket; only profit taking by shorts.
1t is rumored on the floor that the Ma
tlonal Ginners' report will be IS.
Following is from Cordill: From Au-
gusta, Ga, TO Greenwood and Greenvile,
s. c., and Spartanburg n. G., crops are
very good The Atlantics show general
Improvement since the last trip. Crops
have been laid-by clean and continue
fruiting well. though much of it is still
small and late. General rains would be
beneficial in the Carolinas. but none Of
the crops are suffering as yet. The
weather has been generally favorable for
the past five weeks"
Dallas wires: "Texas-West north
ern and panhandle generally clear; bal
ance generally cloudy and pleasant Ok
ahoma-Generally clear and COOL
McGhee, Carpenter. McCabe and Weld
brokers and McElroy and clifford have
Gwathmey, Hubbard were best sellers.
Guild, Wilson and Lester bought March,
while Geer, Hubbard and Pearsall sold.
Following are IL a. m. bids. october
II q, December 1l22, January ll23,
March II 30.
NEW ORLEANS, Aug. 23-Hayward &,
Clark: The weather map shows excellent
condition, fair in north Texas, Oklahoma,
Arkansas, north Louisiana and north
Mississippi. Generally cloudy in south
and central Texas and eastern states.
Good rains al Taylor, showers in south
Texas lower central and eastern states.
Good rains in North Carolina. Indications
are for unsettled weather, more rain
in central and south Texas, cloudy and
scattered showers in the eastern states;
generally fair in the northwestern quar-
ter Of the belt
Galveston has received to August %
Austin, Tex, wires: Three fourths of
an inch rain up to noon good rains in
Temple and Taylor More than ! inch at
| Hancock, fair rain in san Marcos, big re-
| lief in this section
Telegraph companies show some rain
| in south and central Texas. Big rain at
| Cameron. south central Texas. threaten
ing IN san Antonio and Galveston.
Port Gibson, Miss, reports hrst bale
long staple cotton; only two days later
than last year Clinton La, received its
The New Orleans Times Democrat says:
Nobody got any satisfaction out Of yes
terdays cotton market Georgia came in
as competitor Of the early sellers of
! Texas, making big splash with a very
few bales. Liverpool sent European
weather adVices that might have served
| bulliSh correspondents in Texas. High
ocean freight rates and the sold-up con
dttiOn Of freight agents books again
played part in the days gossip. Profess
siOnal crop reporters kept the mills and
the wires busy telling their principals
how bad the Texas crop condition Is.
The spot markets continue toward lower
levels, but contracts are still well below
a parity. Under the circumstances,
neither factions found reason to cheer.
In the opinion of some deep students of
| the market at the drift, values will be
shaped solely by the state of trade and
the promise thereof because they say,
even should the crop prove all that con
sentative bears expect, the yield VIII
| hardly exceed A. $50 900, which i'm a good
gagged, would not be too much.
The market is paying little attention