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

- NEW YORK, Sept. 13.-Carpenter,
Baggot & Co: The Charleston. 5. c.
News and Courier says: 1t is currently
stated that the almost continuous rain
tan for the past week has wodked serious
damage to the cotton crop in this section
OF the state. Principal injury in the beat
ing out of the staple. which is rapidly
opening in the bons and the lowering Of
the quality by the dirt scattering it.
II was reported yesterday that much
or the staple had been beaten out upon
tile ground and that the farmers of lower
south Carolina would be heavy losers on
ACCOUNT of the unprecedented rainfall"
Dallas, Texas wires: Texas pan
handle cloudy, balance clear: not so
warm. Oklahoma, southern portion. clear
balance cloudy and threatening: good
rains a Bristow. Usage, Geary: light
rains at Gushing, Hennessey, Sayre, Gin
ton; cooler"
Cordill wires from san Antonio: DIAL
las. WaNahachie to Hillsboro, good"
The market opened rather quiet today
with Cohen, Lahman, Munds, Wilson and
Mitchell the best buyers After the call
iartcoTn' Parrot, Shantz and Cone were
free sellers.
Frederickson says map indicates a rep
euton Of 1900. when we had violent
storms and market advanced some 200
points in two weeks.
Buying, continued good throughout the
day. Selling was scattered: profit ia king
by New York bulls checked further ad-
vance.
Liverpool cables: American forwarded
4S,4lS bales during week; total, $3.50; de
crease, 81, 020.'
The market was sold off today on ru-
mors Of beariSh reports from Habersham
King which could not be confirmed The
market was very steady during the day
Following are IL a. m. bids: October.
LIS; DECEMBER, ll67; January. 11.62;
March, HIS.
NEW ORLEANS, Sept. 1S.-Hayward &
Clark. The weather map shows very ia
Norable conditions; partly cloudy TO fair
IN Atlantlcs; no rain, which Is very ia
orally fair In central states: cloudy in
northwest Texas and oklahoma, with
good rams; temperatures lower all round,
as much as 10 degrees in central belt.
indications are for general rains and
cooler in Texas, Oklahoma and Arkansas,
scattered showers in central belt, fair in
Atlantics.
Advisory disturbance central southwest
of Pensacola will probably move north,
northwest and pass inland tonight or Sat =
urday, attended by strong shifting winds
IN northwest Florida Alabama, Mssis-
sippi coast and Louisiana coast
The New Orleans Times Democrat says;
Another storm warning for the gulf coast,
following higher market in Liverpool,
encouraged American operators to buy
contracts. ana later in the day higher
spot quotations at Savannah, Augusta,
Houston. Galveston and Dallas made
them feel safer The weather over the
belt as whole seems almost ideal Rains
have fallen day after day in the eastern
states and no trace of the recent dry spell
should remain. Yesterday good rains
were officially reported in portions of the
west, and after the close Of the official
record private advices brought reports Of
further good rains in Texas and in Okla
homa Nevertheless unfavorable crop re
ports continued to come both from Texas
and from the Atlantic states, and the
talents uncertainty as to the extent Of
the deterioration during August made the
market very sensitive
In Alabama and Georgia, where the
new crop movement is very much later
than last year, sellers. of early supplies
are probably encountering some difficulty
in estimating the action they need This
! would account for the apparent strength
of the Savannah and Augusta spot mar
kets, though such strength, if really
predicated on this cause, is no guide ia
the future and particularly so in view of
the fact that some export cotton is being
! offered by Alabama and Georgia on a very
( low basis.
/ Following are 10 a. m. bids: October
! ll60; December, ll70; January 1l76;
! March. 1lS9.
/ Estimated receipts Saturday:
IA 1912 1911
Galveston ......k....1550O to 1880 1896