Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-09-06
NEWS AND GOSSIP
Of tie FieeCy Staple

NEW YORK, Sept. 6.-Carpenter. Bag
got & Co: Reports Of disturbance in east
gulf with wind A miles last night and
many reports of deterioration in eastern
belt, caused advance today heavy short
covering.
Good buying by Mitchell Freeman,
Hicks and Hubbard on all declines Ru
NOR has it that some Of the big shorts
have gone over.
Gwa thmey, McFadden and scattered
sold on advance.
Selling by bears on the opening today
was general
Just after the call there were many
wires from the eastern cit reporting
great deterioration, also a report of dis
turbance III east gulf with high winds at
Pensacola
Waldorf crowd said to have covered d
large line.
The mills reported as good buyers to-
day and spot demand GOOD
Sentiment is very mixed and opinions
as to size of crop vary from 100000 to
The New York and New Orleans cotton
exchanges both estimate the cotton crop
ended August 81, at l6 100, 900 bales, or
100000 bales more than last year
Mitchell. Hicks, Freeman and Hubbard
heavy buying during the early trading
started the upward movement today.
Dallas wires: Texas and Oklahoma
generally clear and warm; no rain re-
ported.
Journal of Commerce says: Large spot
interests send out bearsh dispatches all
over this country and Europe.
Commercial SAYS: at is a fight be
tween professional opera tors
Browne. Drakeford & Co, Liverpool
cable: Free offerings Of actua more
favorable weather reports
foiloWinS are II a m. BIDS; october,
ll.36: December, ll.50: January lilo;
March. 11.52,
NEW ORLEANS, Sept. 6.--Hayward &
Clark: The weather map shows fair in
central states. cloudy in Atlantics, partly
cloudy in Western states with cooler gen
orally. General showers in Atlanucs;
scattered showers in lower central states
and few showers in south Texas. Indica
TONS are for increasing clOudinCSS. scat
tered showers generally The map com
plcte shows some slight depression in
gull but. enough high pressure over cot
ton belt to prevent all danger of disturb
ances. All we get is further showers and
cooler.
The New Orleans Tnmes-Democrat says:
Continued free offerings of cotton by
Texas, The fear that Georgia will soon be
come pressing seller. some rains over
night in the dry area of the Atlantic
states and Secretary Testers report
showing actual growth in the cotton year
l9ll-l2 of l6,50l,000 bales, affected the
market adversely. y drain in values fol
lowed as matter of course Texas ad-
vices suggested an improving spot basis
Cotton in the early producing sections
of the southeast seemed to be popping
eastern belt should prove beneficial. But
al these factors seemed insignificant when
placed in contrast
Secretary Hester's final word on the
drop of l9ll-l2, because the figure raises
the magnitude of the standard supply.
In other words in the light OF last year
growth in the years to come crops Of 13.-
| 100000 bales will be classed as disasters;
| those Of 100000 as moderate; those Of
/ 10000 600 as normal; those OF 10000 0O0
as full, while those of 1900, Geo bales and
more will fail on the bumper class. There
will, of course, be periods of small crOus.
but the South has demonstrated its abil-
| ity to supply all the American grown cot
ton the mills Of the world can use and,
the manufacturer, freed from the fear
that famine supply Of the raw material
might some day force his machinery into
prolonged. if not permanent, idleness,
may nov. be expected to reach oul for
new markets with record breaking zeal
Estimated receipts Saturday:
1872. 1911
! New Orleans. ...... zoe to SEQ 996
| Galveston ..........l 600 TO 10000 1927