Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-09-10
NEWS AND GOSSIP
Of tie FIeeCy Staple

NEW YORK, Sept 1O.-Carpenter, Bag
got * Co: The Commercial says: at
all depends on the weather Texas is
producing tremendous quantity of early
cotton, but this is due to premature
opening and if it remains hot and dry
much longer all cotton will soon open and
stop developments"
castles at the opening today was d
heaVy seller and was largely responsible
for the downward movement
Browne, Drakeford & Co.'S Liverpool
cable Free offerings of actual and sell
ing orders from the continent caused de-
Dallas wires. "Texas-San Antonio
cloudy. balance clear, warm; no rain. Ok
iahoma-Generaly fair warm, no rain"
Waters. Mitchell Riordan and Geer bid
market up, but bought very little mar
ket looks strong at moment Liverpool
said to be good buyer here through Mitch
ell.
Castles started decline. selling about TO-
geo bales, followed by Gwathmey, Wilson,
Marsh and GeeT and with little support
SchilL Schley and Riordan were best buy
Hicks and Schin good buyers; Mitchell
bought 10000 December at 1850: Castles
and Gwathmey sold.
Following are II a. m. bids October
il.5O, December 1l.5l, January l140,
March / / So
NEW ORLEANS. Sept. 1O.-Hayward &
Clark; Perfect weather map showed
cloudy in Atlantics. south Texas, west
Texas; fair elsewhere Showers and
rainy conditions in Alabama and Atlantic
states. Indications for increasing cloudi-
ness and general showers; cooler weather
coming in western and central states; no
danger from disturbance.
Shreveport, La. wires: Reports of de-
terioration continue to come in from this
section. Farmers now estimate 90 to 10
Mobile, Ala. wires: "One steamboat
brought in 700 new bales from Alabama
river this morning"
Too much cotton turned up in the GIN
nngS prior to September l for the peace
of mind of the bull faction, and changing
opinion as to the crop promise shifted
confidence of the bullish reports from the
fields to the bearsh advices. Conse-
quently the 1900, 600 bale crop people be-
gan TO consider the possibility of l4OOO,O0O
bales, the 1900 600 bale people began to
wonder if after all 100000 are not pos
sible, and the $4,000, 900 bale people began
to talk 1900 000 bales with the zeal of the
advocate. The ginning figures do not
prove the presence of monster yield, as
such things as now reckoned, but they
certainly shift the burden of proof from
the shoulders of the big crop people to
the shoulders of the moderate crop fac
ton, and the world will be more and more
inclined to believe the growth of 1912 will
approach nearer the yield figures of 1911
than those of 1910 and Spinners may be
expected to be influenced thereby insofar
as their needs will permit. In other words
the ginning figures posted Yesterday
have seemingly swung the balance OF
thought to the big from the small side of
$4,000, 600 bales as the probable yield from
the growth of 1912 and the talent now
expects sentiment to combine with weight
of actual cotton in bringing about a lower
level of value. Under the circumstances
re-analyss of the recent reports from the
fields strikes the average professional as
in order at this time.
following are 10 a. m. bids: October
11,34. December 11.42, January II 40,
March II So.
Estimated receipts Wednesday
1912 1911.
Galveston Is 900 to I 1000 1874 57