Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-06
NEWS AND GOSSIP
Of the FIeecy Staple

NEW YORK. Aug. 6,-Carpenter. Bag
Say Says 60 Tse seT York C0mmerea
scalpers think the market ark " is over over.
bought and topheavy.' 50
Browne, Drsketord & Co, Liverpool. ca
strength Of New orleans and good 9I
buying orders"
Schley, Hicks Beardsley Parrot. Hart
corn and Mitchell bought. Wilson, Munds,
McElroy Rothschild Johnson and Hub
= Hicks and wenman bought January.
tdordan, PARROT, Geer, Hubbard and vii
son sold. HentZ and SchiH bought
March McFadden and Parrot sold,
Dallas wires: "Texas-Heavv rains i'm
Fort Worth to Mingus; raining all night
at Dallas, Fort Worth, Denisona sherman,
Clehurne. Mount Pleasant, Bonham and
Fort Worth to Santa Fe; raining hard at
WaNahachie and Weatherford: light ms
at TeXarkana. Whitesboro. Mexia, East
land. kaufman, Terrell, Paris generally
cloudy and cool, Ol1lahoma-Generally
cloudy and cool; raining at Newkirll. Pur-
cell; Moore, Hugo; Davis and Atcls."
The Hentz selling looks TO he about
over and seems to be some buying or
ders under the market. Further rains
are reported in Oklahoma and Texas
There was considerable selling during
the early trading on good rains reported
IN Texas and bearish report from Cor
Riordan big buyer; bought 10000 octo-
Der and December in last few minutes.
and Schill: Hentz and Horton buying for
Schill. Ring generally selling.
Texas rainfall: Abilene OF, Corsicana
O2s Dallas 246, Dublin SO, Fort Worth
2.O6., Mexia 90, Paris 3s Sherman 10,
hachie 2 inches. Weatherford S.28.
1913, October r. IS, December i2.4i, jan
New ORLEANS, Aug. s.-Hayward G.
Clark; The weather map shows cloudy
over the entire belt, except clear on lower
Texas coast; big rain at Fort Worth, $50;
raining now over north Texas to abb
lene also rain in Oklahoma. Detailed
government report at 10 oclock will show
extensive rains in Texas. No rain in cen
trail and eastern belt Indications are
for further general rains in Texas, particu-
larly central and southern portions. Tn
settled, showery weather over rest of the
belt,
Telegraph companies report heavy and
extensive rains in Texas overnight.
Waco, Tex, wires: Good, steady rain
since 7 this morning; still raining. Cen
rains working south"
Cordnl wires from Memphis Tenn:
Oklahoma, as a whole, Is good; excel
very small and late. The western por-
ton Of Arkansas is excellent; south good :;
central very spotted; east and north poor
ana late scattered showers, light TO good
and heavy rains have fallen over large
area in Texas, Oklahoma and Arkansas
where needed, vastly improving condition
But more rains are needed in central
and south Texas, south and central
Oklahoma, Good rains also in parts of
the Atlantics where needed. General con-
ditiOns improved materially in past five
days"
The New Orleans Times Democrats
summary In spite of constantly improv-
ing means OF quick communication, the
cotton market controversy over the ex-
tent Of rain relief in Texas is now as
acute as it has been before in the sum
mer time. Liverpool. in holiday Saturday
and Monday. opens this morning with an
abundance Of bearish weather reports in
hand concerning Texas. A few cable
grams have been sent reporting the rains
in the west as heavy in few localities,
light at a number of stations, and nom
In the opinion of extreme bulls, adequate
relief has come to only one-tenth OF Tex
as. In the opinion Of extreme bears
three-quarters of Texas has had ade-
Quate relief.
Liverpool is due to open at a decline Of
10 or IA English points this morning
Some shorts feared the foreign market
might not meet expectations because
there is an important conservative ele-
ment abroad that has adhered to bullish
beliefs on the ground that consumption in
1912-l913 will exceed the largest crop
grown prior to l911-l912, and that the late
start and periods of unfavora Bile wea Their
render the 1912-1913 crop promise ques-
tionable at least.
Estimated receipts Wednesday
1915 lell.
New Orleans ......... 300 to 400 @5T