Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-15
NEWS AND GOSSIP
Of the FIeeCy Staple

NEW YORK, Aug 14.-Carpenter, Bag
got & Co: our opinion is unchanged.
This decline has been due largely to
manipulation. assisted by some recent
hedge selling, this market against long
contracts in Liverpool The decline has
the crop news is very bulish. Think large
crop impossible. While prices may be
temporarily further depressed, strongly
favor buying on every decline Believe
IN ultimately much higher prices.
Inc journal of Commerce says that the
sharp drop in cotton has caused a natu-
raj hesitation among goods buyers, but
that good steady business is reported
by JobherS. The export markets for cot
ton goods are not active. Shipments on
old orders constitute the chief feature, and
there are still many goods due
Guild, Hubbard Wenman bought Jan
uary. Schill, Hentz, Schiller sold. Free
December. Rothschild, Cone, Hicks sold.
Lee bought October. MCElroy, Riordan,
Rothschild sold.
Dallas wires: "Texas-Scattered clouds
south and southwest; balance clear
and warm. Oklahoma-Cloudy; light rain
at Newkirk; balance partly cloudy to
clear and cooler"
The bear just could not resist the temp
tation today, and he put in an appear
anCe. The result is easily guessed.
The next bureau report win be issued
Tuesday, September 3, and anticipatons
are that it will be of a bullish character.
Hubbard, Craig. Hentz were best buy
ers today on the advance.
Some mills were reported to be good
buyers.
Hutton places the condition at III.
against 1916 last month.
Hutton, by states: North Carolina, 81;
South Carolina. Is; Georgia, n; Alabama,
70; Mississippi, 70; Louisiana, So Texas,
50; Arkansas, rs; Tennessee, II; Okla
homa, SO.
Ia, December 11.S2, January 1L23,
March 113S.
NEW ORLEANS, Aug. 14-Hayward &
Clark: The weather map shows partly
ers; SO at Galveston. Some light show
ers in North Carolina, where rains are
needed Temperatures are normal In
dications are for partly cloudy in west
Texas, Oklahoma, with possibly scattered
showers.
Few scattered clouds in south and south
Oklahoma. cloudy, threatening at Ponca
City and light rain at Newkirk; balance
partly cloudy to clear.
The New Orleans Times Democrat s
dipped. This time October in New or
leans dropped to lie. At that price
support developed and october climbed
to 1l.55. The reaction came so suddenly
and was so sharp that even conservatives.
who had been expecting some check to
! the decline, were amazed. Southern mills
| bought contracts freely Some shorts took
| profits. Some constitutional bulls got in
| again at what seemed to be the bottom.
| SCalpers were in their element When the
| smoke had cleared away, the contract
| market stood very close to the previous
| days close, while spots at New orleans
rested Lice below the 12c mark. one
! year ago the local August contract closed
! at 1879, as against 1853 yesterday. OC-
! tober was a 1l.G8, against II. 46 yester-
| day, and New Orleans middling spots at
! 12c against II 15-16c Yesterday, Whether
! these price comparisons signify anything
| or not. the trade must Judge.
| The bear says the situation In the long
! run is as heariSh now as ii was this time
| last year because, whereas an enormous
| requirement in i911-1912 will ultimately
! effect an enormous yield, this year the
/ fact that the mills are not bare of sup
| plies offsets any deficit in the yield of
| 1912 under that of 1911
| Estimated receipts Thursday:
1912. 1911
! New Orleans ....... 16 to 80 225
| Galveston ...........2,20 200 to $500 3,37!