Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-09-26
NEWS AND GOSSIP
Of TIE FIeeCy Staple

NEW YORK, Sept. 25.-Carpenter, Bag
got Co; S. Tate, of Carpenter, BagSot
x Co, says: Early in the week the gov
eminent bureau report predicted there
would be high barometer appearing in
the Northwest about Wednesday or
Thursday, which would bring very much
colder weather E. G. Scales, who is a
close student of the weather map, wires
ms friends this morning a high in eX
VII give heavy frost about Sunday or
Monday in the Mississippi valley and
western cotton belt, and is advising his
friends to buy some cotton
Some good buying prevailed at the ini-
tlal trading which looked like shorts were
covering on predictions of much colder
weather in the west tonight The rins
crowd were liberal sellers
About noon the buying seemed con-
centrated.
The Journal of Commerce says: There
watching the weather, as much depends
upon delay in frost for cotton"
Dallas wires: "TeXas-Eastern portion
clear; balance partly cloudy to cloudy; A
at Quanah, SO at Amarillo, so at Abilene,
56 at Dallas; getting colder; north winds;
nigh north winds in panhandle Okla
north winds"
:, It was rumored this morning that the
National Ginners' condition of the crop
Was 6S to 50, against GA last month.
rms rumor was not confirmed.
Hutton and Pell interests were said to
nave bought heavily today, which was re-
ported to be for New Orleans account and
Schill is said to have sold freely.
hoilowing are IL a. m. bids: October
II 20, December 11.54, January 11.5l,
NEW ORLEANS. Sept. 25-Hayward &
Clark: The weather map shows cloudy
over entire belt; no rain, except some in
the Atlantics. Unusually low tempera
lures in northwestern section of the cot
ton belt; Amarillo 3S, Oklahoma AZ, with
wind from north, and indications for cold
er tonight; rainy, colder weather indi-
Gated over nearly the entire belt. Map
indicates further fall in temperatures to-
night III north Texas, Oklahoma and Ar
kansas; rains and cooler in south Texas.
San Antonio writes, dated September
20 Many points in this section report
picking nearly over, and some gins are
not now running full time. However,
most all of them have ginned to date
more than last years total. Some blooms
have been reported recently, but no one
expects any top crop of consequence, re-
CARELESS of what the weather may be.
and II 5-l6c basis was freely paid here
for 1000 lots during market hours
and up to and within about an hour of
the close today. Offerings are light and
the country seems busy filling up short
commitments for September"
The New Orleans Times Democrat says:
IN the cotton belt the coming of killing
frost is usually preceded by series Of
frost scares This season frost talk has
started early. Last week there was
frost prediction for the northwestern pOr-
the Texas panhandle. Yesterday the
weather man promised low temperatures,
possibly near freezing, in that section.
The returns this morning may show
the thermometer failed to drop as low
as expected, but the weather students
on the floor say the pointer is for frost
marks on the map by Thursday morning.
They, in turn, may be mistaken. Never
theleSs, the barometriC lines show a dis
tinct drift toward an early fall, the one
development the big crop man fears, On
the other hand, cotton is piling up at
Galveston in spite of the fact that ocean
freight ties are lower and ''relet' export
room is seeking purchasers. Under the
circumstances, the bear attempts to prove
the untenableness of the bulls position
by saying the fact that the market re-
fuses to advance in the face of frost
warnings demonstrates underlying weak
ness.
The bull takes the position that almost
everybody being against the market, the
demand for the actual being spasmodic
and frost failing to appear, would con-
stitute a bearish situation in the cotton
market were not underlying conditions of
a strength giving character.
Tomorrow Is the first notice day for
october contracts at New Orleans
New York notice day is the 27th on
october contracts.
Following are 10 a. m. bids: october
1143, December 1853, January l166,
March 11S3.
Estimated receipts Thursday:
New Orleans .... 1000 to 1000 2,613
Galveston .......2 rs 900 to 10000 IS, 9S2