Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-06
NEWS AND GOSSIP
Of the FIeeCy Staple

NEW YORK. Aug 6.-Carpenter. Bag
g s9Is & CO aa,,o,' The New York Commercial
ScalPers think the market is over
bought and topheavy."
=, Browne, Drakeford & Co, Liverpool. ca
pie: The market is influenced by
strength of New orleans and good general
buying orders"
Schley, Hicks, Beardsley, Parrot, Hart
corn and Mitchell bought. Wilson. Munds
McElroy, Rothschild, Johnson and Hub
Hicks and Wenman bought January.
Riordan, PARROT, Geer, Hubbard and vii
son sold. Heatz and Schill bought
March. McFadden and PARROT sold
Dallas wires: "TeXas-Heavy rains in
Fort Worth to Mingus; raining all night
at Dallas, Fort Worth, Denison, Sherman.
Cleburne, Mount Pleasant Bonham and
Fort Worth to Santa Fe; raining hard at
Waxahachie and Weatherford: light rains
land, Kaufman, Terrell Paris generally
cloudy and cool Oklahoma Generally
cloudy and cool; raining al Newkirk, Pur-
cell, Moore, Hugo, Davis and Atcks."
over and seems to be some buying or
ders under the market. Further rains
are reported In Oklahoma and Texas
the early trading on good rains reported
in Texas and bearish report from Cor
Riordan big buyer; bought 10000 Octo-
Der and December in last few minutes
Sold by McGhee, Hubbard, Geer, Mitchell
and Schtl, Hentz and Horton buying for
Schin. Ring generally selling.
Texas rainfall: Abilene OF, Corsicana
:02. Dallas 246. Dublin SO. Fort Worth
5.SSS' Haskell 81, Henrietta Loo. Koppert
Snyder 10, Spur 81, Temple %. 'W y E
hachie 2 inches, Weatherford 82S.
Following are II a. m. bids: August
1913, October 1898, December 1241, Jan
NEW ORLEANS, Aug, s.-Hayward &
Clark: The weather map shows cloudy
over the entire belt, except clear on lower
Texas coast; big rain at Fort Worth. $50;
raining now over north Texas to Abb
lene; also rain in Oklahoma. Detailed
government report at 10 o'clock will show
trail and eastern belt Indications are
for further general rains in Texas, particu-
iarly central and southern portions. I'm
settled, showery weather over rest of the
belt.
Telegraph companies report heavy and
extensive rains in Texas overnight.
sn MaG9' ne TEX wires G9od steady rain
eral throughout section. Hillsboro says
rains working SOUTH
Cordill wires from Memphis. Tenn.
Oklahoma, as a whole. is good; excel
tint crop laid by and well worked, but
very small and late. The western por-
ton of Arkansas is excellent; south good ;
central very spotted east and north poor
and late; scattered showers, light to good
and heavy rains have fallen over large
area in Texas, Oklahoma and Arkansas
NHeTe needed, vastly improving condition
But more rains are needed in central
and south Texas. south and central
Oklahoma. Good rains also in parts Of
the Atlantics where needed. General con-
ditlons improved materially in past five
days
The New Orleans Times Democrats
summary: In spite of constantly improv-
ing means of quick communication, the
cotton market controversy over the ex-
tent Of rain relief in Texas Is now as
acute as 1t has been before in the sum
mer time. Liverpool. in holiday Saturday
abundance of bearish weather reports in
hand concerning Texas. A few cable
grams have been sent reporting the rains
in the west as heavy in a few localities
light at a number of stations, and non
existent in a large and important area
In the opinion of extreme bulls. adequate
relief has come to only one tenth Of Tex
as. In the opinion Of extreme bears,
three quarters of Texas has had ade-
quate relief.
Liverpool is due to open at a decline OF
lS or "A English points this morning.
Some shorts feared the foreign marke ct
might not meet expectations because
there is an important conservative ele-
ment abroad that has adhered to bullish
| beliefs on the ground that consumption in
19l2-l913 will exceed the largest crop
grown prior to I9111912, and that the late
start and periods of unfavorable weather
render the 1912-1913 crop promise ques-
tionable at least.
Estimated receipts Wednesday:
1912. 1911.
New Orleans ........ 500 to 400 357