Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-01
NEWS AND GOSSIP
Of the FIeecy Staple

NEW YORK, Aug. Carpenter, Bag
got & Co: With the free lquidating and
short ring selling prices may go some
lower. proving this is strictly a weather
market. II government report is bullish
as expected you should see a good rally
The ring crowd were generally sellers
on the opening. Very little cotton for
sale buying scattered.
Mitchell, Gwathmey and Hartcorn tried
to bring the market up in the early trad
ing.
Miss Giles makes average condition as
of July 20 1873, against S0.4; July II, SID
last month and 90.5 last year Declines
for month by states: South Carolina. 5
per cent: Florida. 3 per cent; Alabama, 4
per cent; Mississippi, 3 per cent; Texas
per cent Arkansas, 6 per cent. Okla
provement: North Carolina, 2 per cent
Georgia, per cent; Louisiana, per
cent; Tennessee, per cent; Missouri, /
Latest reports from Texas say Hearne
sprinkling; Rogers, Temple and Fort
Worth, heavy rains.
Weather just posted for Texas up to II
o'clock show 26 points in Texas tempera-
lures 100 to 109. with rainfall, Weather
ford. 0S Paris, 1853.
Riordan, Clifford, Lehman have sold
Mitchell, Springs and Hicks. Jr., Cone,
Gwathmey and ring, Mitchell now a
Ring sold generally on anticipation of
bureau report and rains in Texas.
Following are II a m bids. August,
l249; octobedr, 1878 December. 1279;
NEW ORLEANS. Aug Hayward &
Clark: Map shows cloudy entire belt, ex-
cept fair in Arkansas, Tennessee; general
showers east of Texas with some good
rains in Louisiana, Alabama, Georgia and
Carolinas.
Map shows no rain in Texas, except in
extreme west but many reports to hand
of raining now at several Texas points.
IndiCa tons for general rains in Texas.
cloudy, showery weather in all states.
Following from our travelling man from
from high temperature past week. Plant
shedding badly over all Of west Texas;
condition some sections nearly as bad as
1909 Plant throwing off all young forms
ing again today"
Following from prominent spot man
at Fort Worth, Texas: Just starting to
rain Looks like good prospects for heavy
rain"
Reliable party in oklahoma reports
showers all over state; prospects for more
rain.
A prominent spot house wires us from
Fort Worth; Raining hard now. Con-
slider drouth broken in this immediate
section"
Galveston, Texas, wires: Eighty nine
new bales received here today and more
in sight; good scattered rains in state
last few days, which may did not show !"
The New Orleans Times Democrats
pending and Texas crop still in need OF
rain, the cotton market is naturally ner-
vous Apprehension that there might not
be rain in Texas for some days to come
has been replaced by apprehension lest
there should be general rains there with
in the next 4S hours, unsettled weather
conditions having appeared in the west
ern half of the belt. Advices recently
received from Texas state that while
there is need of rain in most localities
no actual damage has yet been done, and
that the crop could do for two weeks
longer without moisture. On the recent
upward movement good deal of the buy
ing was predicated on the belief that
Texas was in for a drouth that would
extend we'll into August Consequently,
those who bought on this theory are ap-
prehensive lest rains should come to re-
lieve the situation there before the is
suance of the bureau report tomorrow.
The expectation of a bullish bureau has
been sustaining influence for some days
past, and an estimate by a prominent
New York firm forecasting an average
condition by the government as low as
1871 has met with popular favor