Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-05-17
NEWS AND GOSSIP
Of the Fleecy Staple
(From HAYWARD & Clark.

NEW YORK, May Carpenter, Bag
got & Co: The market is narrow and
appears technically favorable TO tenn
porary decline. In other words. it looks
as il we would have lower prices tempo
rarily. then would favor buying We do
not favor the short side. All reports and
conditions are extremely bullish but the
market is narrow and susceptible TO slight
influences either way.
Dallas, Texas, wires Texas and
Oklahoma clear and pleasant
The Journal OF Commerce publishes
Washington article stating the govern
ment in its revision had increased The
cotton acreage planted IN 1911 from 90
004 900 acres to 1851 900 acres This
will be a basis for calculating the acre
age for this year. Probably this has
some thing to do with the decline in the
market. This years acreage is scheduled
to come out on June T.
Market was sold off early by Waters,
Sehill and ring. Waldorf crowd good sell
NEW ORLEANS. May 10 Hayward &
Clark The weather map shows fair west
OF Alabama, partly cloudy to fair in Ala
bama and Atlantics. light showers and
heavier precipitation shown is Memphis,
.26: Birmingham. .36; Augusta, $50.
Warmer in west Texas. Indications are
for generally fair and warmer
Greenville, Miss, says: Planters more
hopeful; waters continue TO recede slow
ly and while as vet only the slightest re-
lief from the distressing food conditions,
PldAlCl > sun 4AppE tilClC VIII NC a NtttNiA
crop made"
New Orleans Times Democrat: Neither
faction appears willing to credit any por-
tion of the others argument. and yet
there is some logic and reason and fact
being exploited by both. The weather
has continued bad in some sections Of
the belt and has been good in others.
Where the weather has been fairly good
the farmers have worked with vim and
Vigor to make up for lost time and high
tenpera lures have assisted through rapid
gerrninat ton of the seed. This gives the
bear an idea that bad crop reports have
been exaggerated, therefore, all must be
well with the season Of 1912. The start
is later than normal and very much later
than last year. The weather has been
very unfavorable until recently, when i'm
proVement has been shown, This gives
the bull the impression that a crop dis
aster is inevitable and that very much
seems to be that full crop viii be need
ed. and that a full crop must be pro-
duced if very much higher prices are not
to be witnessed Thus far the weather
has not been full crop weather Mean
while the talents sense of proportion
seems to have suffered through the de-
The New Orleans Times Democrat
Much difference of opinion was expressed
as to the cause of yesterdays cotton mar
ket advance. There was the unfavorable
forecast. Then there was MONDAY
weather report showing cold rains in
Texas Dwindling port and interior
stocks exert continuous influence. while
the willingness of the talent to sell short
during recent weeks now helps rising
market. Lukewarm bears. however
seemed ready to admit that anything
bordering on bad weather IN the near flu
ture is to be construed as a bullish fac
tor. while those bears who are uncompro-
missing in their confidence in LAWYER prices
explain advances on the ground that pow
erful speculative influences are at work.
On the other hand. bulls found in the
strength Of yesterdays market much that
ent is short of contracts and that the
trade is short OF cotton and that so long
as the new crop outlook remains shad-
owed by bad weather dips in prices can
only be. temporary, Meanwhile the net
result OF several weeks reactionary eff
fort is only Il points. or 81 bale on July.