Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-29
NEWS AND GOSSIP
Of the FleeCy Staple

NEW YORK, Aug. 29.-Carpenter. Bag
got e Co: The Journal of Commerce, in
It's condition report of the growing cot
ton crops in Tennessee, Florida and Ala
bama, shows the following conditions:
Characterization has advanced
during the month, but prospects are not
as good as a year ago, when percentage
condition was S3.4. The plant is medium
size, strong and well fruted, and fields
are IN good state of cultivation. a few
sections, however, complain of grass. but
the whole state is remarkably free of
insects. The season is two to three weeks
backward, but with a late frost good
crop will be made.
Florida-Percentage condition has about
held its own during the month excessive
rains have been detrimental, but with
no further setback a fair yield is eX-
pected.
Alabama-Under very favorable wealth
er conditions cotton has shown a decided
Improvement over a month ago. The
plant is strong and healthy, and full of
tiNated and in good condition Rainfall
has been plentiful. Worms, however, are
beginning to appear, but as yet have
two to three weeks late, and hot and dry
weather is needed to hasten maturity.
The Journal of Commerce says; mo
stronger confirmation of the reported low
condition of cotton goods stocks at mill
centers could be had than the way mill
agents declined to accept additional or
ders for, quick delivery on several lines
of merchandise
Dallas wires: "Texas-Generally clear
and warm. Oklahoma-Pona City cloudy;
threatening in northern portion, partly
cloudy; balance clear.
New Orleans said to be good seller here
McFadden, Mitchell, Gwathmey, Hicks
T., and Lehman were fair buyers, while
Black. Upper, Rothschild, Springs, Gu
moens and Weld were the best sellers.
The market was very narrow today but
steady. Some scattered buying was done
but very little cotton was for, sale.
Der notice day.
1921; p3eGaember Hos, January 1895,
NEW ORLEANS. Aug. 29.-The wealth
er map shows absolutely no signs of any
storm. All storm rumors are inventions
TO AFFECT market. Prospects, however
are good for rain in southern half of Tex
as in near future. Indications for un
settled. showery, cooler weather coming
on north Texas, Oklahoma and Arkansas
south Texas and middle Gulf coast dis
trlcts; partly cloudy to fair in the in
terror of central and Atlantic states
Rainfall in Galveston "a, New Orleans
So. Mobile Az, Houston .16.
Savannah announces a plus correction
in stock of 65S7 bales
The New Orleans Times Democrat SAYS
Further advices from Texas encouraged
the talent to expect a somewhat higher
condition percentage from the government
on September 3 than many operators have
crop people adhered to their belief in a
yield well under 1900, OGO bales, they all
seemed to recognize the probable shift
of sentiment and acted accordingly Day
after day the market works downward
and spectators appear willing enough to
sell all the contracts the trade can use
as as hedges; Consequently, confidence in
shrnks. At the moment there are no
genuine bulls on the market; that is, no.
BODY seems to think rallies of impor-
lance will occur in the immediate future
But there, are many men who sincerely
believe the crop is being overestimated
and trade underestimate, and these
men are more convinced every day that
sellers will sell themselves into a hole
just as they did last year.
Estimated receipts Friday:
1912 1911
New orleans 49,. 30 to so ...
Galveston 900 to 900 IT, $50