Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-16
NEW AID GOSSIP
Of tie FIeaCy Staple

NEW YORK, July Carpenter, Bag
employing $4,000 operatives. were closed
last night for an indefinite period as q
result of the strike OF wea Vers and loom
fxers, which went into effect yesterday,
The technical position Of the market
undoubtedly has been weakened by re-
cent buying, says The sun rhe weekly
weather report today is expected TO b.
bullish, but SO much nervousness has de-
Veloped in the new bull camp That unta-
vorabe 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
viii be moving freely from southwestern
American spinners have been reported
as being heavy buyers Of new crop ship
nent.
Madame has. reported a new crop
ing havoc with young cotton IN that state
4 Washington press dispatch yestcr-
day stated all arrangements had been
completed for passing in the house OF rep
1csentatives the BeaH cotton futures bill
Advocates of the bill also declare u VIII
be put through the senate, although op-
ponents assert that such an outcome Is
wholly impossible al the current session,
inasmuch as the senate is oVercroWdeu
and is indisposed 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 at Mt. Pleasant ,
Quanah, Cleburne, Nacogdoches. and
scattered showers oklahoma clear TO
part cloudy; light rains at Hugo and
pine Bluff. Ark. wires: paris green
in great dema nd worms doing great Gam.
age eating cotton. Their annoyance 1Ss nee IS
est damage is around Arkansas and north
Louisiana
Following are II a m bids. July, 1907;
October l52s' December, lS.Ss' January
SEw ORLEANS. July ls.-Hayward &
Clark The weather map shows partly
CLOUDY to fair in Texas and Atlantlcs
light rains a Fort Worth Houston tair
in Oklahoma, Arkansas, Alabama, Mis-
sissipp and Tennessee, general showers,
heavy a Nicksburg and Jacksonville;
light to moderate showers in Georgia ana
South Carolina
The New Orleans Times Democrat says:
4 sharp decline In the value OF American
cotton contracts Yesterday was explained
in various ways. but the talent agreed
that such reaction downward. A. time
when dry goods reports are more bulllsh
than ever should at least ne inlerpreted
as q stop look and listen warning An
advance of 4 cents q pound from the low
level in December last is certainly en-
titled to some consideration as a DIS
counter Of conditions. even though the
trade pointer he favorable and the crop
pointer be unfaVorable.
The contending schools Of market opln-
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
Inc crop is different matter, Here
opinion constantly conflicts. The weather
always seems better and worse than II
really IT, 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 tall
emit
Estimated receipts Wednesday
1912. 1911
New Orleans $50 to $50 1855