Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-09-13
NEWS AND. GOSSIP
OF tie FIeecy Staple

NEW YORK, Sept Carpenter, Bag
got & Co: 5. Tate, of Carpenter, Bag
got & Co., says: Permit me to urge
that you do not allow yourself to be
fooled on condition and present pros
pective yield Of this crop. The prepon-
derance of advices is so greatly in the
majority bad that | can not help but
feel that there has been almost a mirac-
ulous change from good to very bad IN
the last three weeks, the amount of re-
auction from the prospective yield not
manufacturers and spinners will, | think
furnish the next bull card. which may
come It any time"
Mitchell Gwathmey and McFadden
were heavy buyers today.
The Commercial says: Looks like
firm bull cotton market"
The journal Of Commerce says: The
recovery is on buying by shorts.
Dallas wires "TeXas-San Antonio.
Nacogdoches the panhandle cloudy rain
ing all night; still raining at Amarillo;
balance generally clear and warm; heavy
rain az Houston yesterday afternoon;
Oklahoma-Clear to partly cloudy and
pleasant; heavy rain at Sayre."
Reported that al nineteen points in Tex
Following are II a. m. bids: October
1i.3I December 1151, January Has.
March 1859
Bulls are in control.
Receipts of cotton from Texas are run
ming high.
1t is said that Galveston managed to
secure steamer and shipped IL ,049 bales
of cotton to Liverpool Tuesday.
a cablegram from Liverpool says: The
market feels the influence of parties who
are short, fearing weather. In conse-
quence of favorable Manchester advices
spinners believe in lower prices and are
selling yarns freely without covering cot
ton
Browne, Drakeford & Co.. Liverpool,
cable: Market advanced in consequence
of buying by Weld q Co
NEW ORLEANS. Sept 12--Hayward &
Clark: The weather map shows very
favorable conditions; cloudy in Atlantics
Alabama moderate, general showers. Big
rain northwest Texas; Amarillo %. Tenn
peratures generally lower over entire belt;
some scattered showers in Louisiana,
Mississippi and Arkansas. Indications
are for cloudy, with showers over entire
belt, cooler, except probably fair in North
Carolina. No change. No danger of
storm. Present prospects are for its pass
ing over lower Florida, and the disturb
ance is quite small.
The New Orleans Times Democrat says
The cotton market, being in transitory
stage, Is easily Influenced. Yesterday
two crop reporters, who inspire most faith
among those who happen TO agree with
them at the time, circulated bullish opin-
ions as to the progress the crop is max
ing, and reactionary sentiment developed
as a number OF operators have not been
in sympathy with the declining tendency
of late Immediately the market began
to show SteadineSS some little fresh de-
FROM and bulls were encouraged to be-
lieve better times are ahead, In this con-
nection it Is we'll to remember that con-
sumerS were beginning to buy in an ac-
tive way some days ago, but were dis
couraged by over-free offerings from Tex
as. Meanwhile, in the opinion OF most ac'
tual cotton merchants the spot basis is
well below that of this time last year
though some isolated transactions of O
year ago are said to have been put
through at a lower basis Galveston Is
/ call Il
ding at ten to twelve points on October
| f. o. b. Galveston, guaranteed through
while good mddling is being offered T. o
b. New orleans examination, at % points
on October.
! Following are 10 a m bids: October
! 11.42, December II 80, January 1l.57
| March MI
1912. 1911
Galveston ....... 1000 to $4,000 1854