Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-10-08
NEWS AND GOSSIP
Of the FIeeCy Staple

NEW YORK, Oct. S.-Carpenter Bag
got & Co: The buying around the open
ing looked to come from shorts cover
ing and spot interests. The ring crowd
sold, also the South Some of the large
interests who have advised sale up to
this time are now advising caution on
bear side,
weekly weather report very favorable
with exception of Georgia. ..
Hentz, Schill, Valid, Mitchell, Riordan
best buyers during the morning session
and Wilson and Waters also with New
Orleans selling here caused the market to
decline
Dallas wires: Texas southeastern gen.
orally clear. northern part cloudy bal
Baird; heavy rain Henrietta, Amarillo and
Panhandle, 90, raining all night. Okla
h9na-Slow steady rain started about
midnight covering. temperatures 70
Schill, Royce, Mitchell, PARROT, Schley,
Finn buyers today. e. x Cone. Roth
schild were best sellers The market was
quiet but steady throughout entire ses-
sion.
Following are II a. m bids: October
ig.4S, DECEMBER 1913, January 1906,
NEW ORLEANS. Oct S.-Hayward &
Clark: The weather map shows cloudy in
Texas and Oklahoma and western Arkan-
sas Fair in rest of belt, general rains in
north Texas and Oklahoma. Indications
are for general rains in western states,
particularly in Oklahoma, increasing
cloudiness in central belt, fair eastern
states, cold wave forming in northwest
Thursday.
Liverpool cables: Montenegro report
ed declared war with Turkey This
jeopardizes great powers Intervention
for peaceful settlement Balkans"
Our travelling man wires from Dallas:
conditions continue ideal for gathering
Inspections today show many fields picked
clean and other localities yet untouched
and wasting badly. Farmers continue
selling their cotton freely, but more have
disposition to hold. The crop is turning
out better than anticipated 30 days ago"
Official weight statement shows an
average weight per bale a close of month
of September of 539 IS.
Spot market duh, lower +. o. b. offer
ings quite free; basis for good middling
Liverpool 30 on December.
The New Orleans TimeS-D Democrats
summary: With the remnant of the bull
brigade calling themselves donkeYS with
the bear crowd successful, growing in
numbers and enthusiastic, and with most
everybody bowling on the heels of the
market, the price outlook does not appear
promising, OF course, the market III its
hight may turn and bite somebody, and
then again the consumer may step in
quietly and under the cover of bearish
JOY cover his own requirement well into
the future, leaving the speculative short
seller of trad hedges to work things cut
a. his leisure. Meanwhile, the weather is
excellent. helpful instead of hurtful. As
matter of fact promised cold weather
not only has not come but in its place
has come Indian summer of the ideal
sort, all Of which has braced up the low
price enthusiast in a remarkable way
During weeks past, the bear has had
slack demand for the actual as an incent-
i've to sell contracts, but day after day
the promise of an early fail with growth
terminating temperatures has, in a meas
use at least, checked his desire to pie a
short interest against an expected day
when weight of actual cotton will tell its
own story. '-t .t"a
But that good weather has scattered his
fears and shattered bulish hopes, those
elements which have been contributing
support are being more and more elimi
mated. Consumers win not buy on a de-
Ginning market when stocks are pilling
up. At least this has been the trade eX
perience until last year when spinners
need was very acute This year the spin
ners can afford a far more independent at
titude than last year because he holds
more American cotton and because the
crops other than American promise an
abundant supply
Following are 10 a. m. bids October
1881, December 1882, January 1886,
March Hoo.
Estimated receipts Wednesday:
1912. 1911.
Galveston . !. = 6,7O0,to 1900 '6,O75