Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1912-07-26
HAYWARp 9 CLARK's CoT1oN LETIER

HAYWARD & cLARKs COTTON LETTER
NEW ORLEANS. July 25.-Lverpool made q
sales 1000 bales. Following cables received:
Think higher On anticipation buIlsh bureau
and possible excessive beat Texas
And Locks grave likelihood lockout card
room workers lancashire within three weeks:
strong fricticn between parties and general labor
unrest make adjustment difficult
lantic and vest Texas. fair weather elsewhere:
- rain q oonszquence except az Savannah In
ueauons are foE sloSers N norm Narolfna- IN
settied and probably syne showers in vest
Texas; generally fair elsewhere. Temperatures
In Texas the entirely seasonable with 10 excess.
but night Temperatures are high In the eastern
Indicated within the next IS hours Private
reports from ire central and eastern states show
advantage Of % clean the crops where needed.
white most reports from the western states are
go; some mention the urgent need Of rain 70
our market Opened about higher. bat eased
o. the Liverpool cables suggesting strike trou-
bles and the government forecast q unsettled
Vrenfher for west Texas. The belief In = hullish
august bureau. expectation Of a bullixh series Of
rrports By the Journal Of Clmmerce. and fear OF
scarcity q sellers There has not been much
general buying however. on these views and
sxuerfafions and the market IL technically In
shspe 70 Be affected By good rains in the west
nnI taklnEs tomorrow are expected 20 Be bull
30 as takinEs last year were only 10000 The
|~fH
NATIONAL GTENERs' REPORT
MEMPHIS. Team, July 25--My reports Of
.r@raep date July 2Sd show a loss OF SIS per
cent Tor the month. By states as follows:
go II: Ioaisians.' 4; Mississippi. Z; North
raroiiua, a. Oklahoma. 4; South Carolina. g:
fennessee. =: Texas. 81; total 5.s--J. A
raRPEETER. BAGGoT q co.'s COTTON
LETTER
Z NEW YORK. July 25.-LIverpool cables were
sfrong AMI we're a surprise. The selling, how
ever was rather general. a. the popular opinion
prevailed that the market Is high enough and
4 reaction Is In order. greater part Of the
Z selling was profit taking By longs one large
uras sa1d % Be buying Wires from Texas re-
ported hot winds ard fear Of high tempera-
hires. This caused market % steady mp. and
neif high Of the season. The selling around
sbls level became general, led By the bears
ana reaction q sOzs 10 points followed
rcrt AMI fear q unfavorabie conditions In
fu--~~ weather.
COTTON SEED OIL REVIEW
wallace & nessar. Of New York. say:
syosition q the old crop deliveries. which
NV urcuise 70 include the fall months as a
result ~ the diiatory crop growth. presents
Is ua,al intricate problem. substantial
--.r,iur Is quoted Tor this oil as compared
urrn later options and unless there are 70 be
only extremely light supplies al the teTmina-
80 or the season. a readiustment would seem
fnrvitanle- Conclusive evidence Of the extra
ordinary oil production OF the past season
IVA furlttltI % ire 4-rAAAAAAl@A A%ts4AAAAelAs
~hrrfnz approximately the equivalent of more
rhan $1,000 barrels refined oil In excess OF the
previous season -
FIouever. the export movement for 1e11-19i2
sur<ests shipments OF 10000 barrels over
49, II q year ago. and with the low prices
s-hlrh prevailed during the latter part Of
IIa1r aud the early part OF 1912, IL is conceded
Eat fust as foreigners realized the attractive
49, 81 oil, domestic consumers also purchased
keaviiy. Theu again the high prices OF pure
Fnrd especially when compared with compound,
murrlred well for q liberal consumption OF the
Inffer Il would. therefore. seem that there
N a element of risk In antagouizlng the price
f~reis n the old crop months. when IL is
arpreciattd that there has been drastic lquida-
80 bv spectators and that consumers have
foDretet tier stocks because Of their apathetic
Srvfur FOR several weeks past.
frresls-ctire II the cntceme Of The August.
z.nfrulhar and October OptiCus With the far
- maths close q the g lerel.. psskimistic
stfitw1e = Dot advised Last season with a
IA 0cO. oCo-baie cotton crop talked q and the
e~nFn e-stricken. as tlcse figures were IN
r~nceF3utcf. rrtrae Geclred TO EA e with 9 sub
re1rpnt ndvance 90 over Tt4c. We are ever
-rlrffrl q fhe fact thar the consumption o.
r-,ftor .aed 81 is constantiy expsndinx. that
"a en0rnous quantity can Be assiuilated When