Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-23
NEWS AND GOSSIP
Of tie Fleecy Staple

NEW YORK, Aug. S.-Carpenter, Bag
goI q 60: Gwathmey, Hicks, Jr., Geer,
Cone, Pearsan, Clifford sold the market
down today after an early advance. New
Orleans is said to be seller: also Mem
pms. There was no support TO the mar
ket' only proht-taking by shorts.
II IS rumored on the floor that the Ma
tQnai Glnners report will be T6.
" Following is from Cordill: From Au-
guSta, Ga, to Greenwood and GreenVille,
;. g. and Spartanburg, n. G., crops are
very good The Atlantics show general
Improvement since the last trip. Crops
nave been lad-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
l)allaS wires: "TeXas-W Western, north
en- and panhandle generally clear; bal
ance generally cloudy and pleasant Ok
lahoma Generally clear and cool
McGhee, Carpenter, McCabe and Weld
orokeps and McElroy and Clifford have
bought some cotton today, while Schley,
GWathmeX Hubbard were best sellers.
while Geer, Hubbard and Pearsall sold.
Following are lfaa. m. bids: October
| e, December ll.22, January ll.23,
March l1.35.
NEW ORLEANS. Aug. 23.-Hayward e.
Clark: The weather map shows excellent
condition, fair in north Texas Oklahoma.
arkansas, north Louisiana and north
and central Texas and eastern states.
Good rains a 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 %
| 49, f6l new bales.
Austin, Tex, wires: Three fourths of
30 atY1gs IL
/ 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 ana central Texas Big rain at
Cameron, south central Texas. threaten
ing in San Antonio and Galveston.
Port Gibson, Miss, reports first bale
long staple cotton; only two days later
! than last year. Clinton, La, received its
| first bale today
The New Orleans Times Democrat says.
| Nobody got any satisfaction out Of yes
terdaEs cotton market Georgia came in
as a competitor of the early sellers of
texas; making big splash with very
LiEer poor sem utopTa II
! bulilsh correspondents in Texas. High
| ocean freight rates and the Sold-up con-
diuon 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.
rue spot hldfhelS continue toward lower
! levels, but contracts are still well below
parity. Under the circumstances.
neither factions found reason to cheer.
In the opinion of some deep students of
the market at the drift values viii 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 will
hardly exceed 1880, 900, which, in a good
trade year. as such things are now
gagged, would not be too much.
The market is paying little attention
to the rumor that the National Ginners
win report condition around IS. The
prevailing opinion here is that the bureau
report win show several points under last
years August conditions Sellers are
scarce, short covering continues and the
market is steady
Estimated receipts SATURDAY:
1912 1911.
New Orleans ... 175 to zoo Q .gG5
Galveston ..,....17.0O0 to IS 800 10 sos