Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-23
NEWS AND GOSSIP
Of tie FIeeCy Staple

NEW YORK, Aug. 2$.--Carpenter, Bag
got q Co: Gwathmey, Hicks, Jr., Geer
Cone Pearsal Clifford sold the market
Gown TO-DAY after an early advance. New
orleans Is said to be q seller; also Mem
pms. There was no support to the mar
ket; only profit taking by shorts.
1t IS rumored on the floor that the Ma
uonal GlnnerS report win be I6.
Following is from Cordill: From Au-
gusta, Ca, 10 Greenwood and Greenville,
). G. ana Srartanburg, y. c., crops are
very good. The AtlantiCs show general
Improvement since the last trip. Crops
have been laid-by clean and continue
fruiting well, though much of it is stn
small ana late. General rains would be
beneficial in the Carolinas, but none of
the crops are suffering as yet. The
weather has been generally favorable for
the past five weeks"
Dallas wires: Texas Western, north
en- and panhandle generally clear; bal
ance generally cloudy and pleasant Ok
homa-Generally clear and cool"
brokers and McElroy and Clifford have
bought some cotton today while Schley
Gwathmey, Hubbard We're best sellers
Guiid; Wilson and Lester bought March,
while Geer, Hubbard and Pearsall sold.
Following are II a. m. bids October
-. December 1122, January 11.23.
NEW ORLEANS. Aug 23.-Hayward &,
ozark: The weather map shows excellent
condition, fair in north Texas, Oklahoma.
Arkansas north Louisiana and north
''lIoNi'N WI. 1eIGIdIN tIOubA III SDulD
and central Texas and eastern states.
Good rains at Taylor, showers in south
Texas, lower central and eastern states,
Good rains in North Carolina. Indications
are for unsettled weather. more rain
In central and south Texas. cloudy and
scattered showers in the eastern states;
generally fair in the northwestern quar-
Galveston has received to August %
a, 4b1 new bales
Austin, Tex. wires Three lfourths Of
Temple and Taylor More than inch at
Hancock; fair rain in San Marcos big re-
lief in this section"
Telegraph companies show some rain
in south and central Texas. Big rain at
Cameron, south central Texas; threaten
ing in San Antonio and Galveston
Port Gibson, Miss, reports first bale
long staple cotton; only two DAYS later
than last year Clinton, La, received it's
first bale today.
The New Orleans Times Democrat SAYS:
Nobody got any satisfaction out Of yes
terday's cotton market. Georgia came in
as a competitor Of the early sellers of
Texas, making big splash with very
few bales. Liverpool sent European
weather adVices that might have served
bullish correspondents in Texas High
ocean freight rates and the sold-up con-
dittOn of freight agents books again
played part in the days gossip. Profess
sional crop reporters kept the mills and
the wires busy telling their principals
how bad the Texas crop condition is
me spot markets continue toward lower
levels but contracts are still well below
a parity. Under the circumstances
neither factions found reason to cheer
In the opinion Of some deep students Of
the market a the drift. values will be
shaped solely by the state of trade and
the promise thereof. because. they say,
even should the crop prove all that con-
servative bears expect. the yield will
hardly exceed 14.250,0O0 which, in good
trade year. as such things are now
gagged. would not be too much
The market is paying little attention
to the rumor that the National Ginners
will report condition around 70. The
prevailing opinion here is that the bureau
report will show several points under last
years August conditions. Sellers are
scarce, short covering continues and the
market is steady.
Estimated receipts Saturday;
1912. 1911.
New Orleans ... 175 to zoo 1855
Galveston .......1T000 to IS 500 2,5O5