Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-28
NEWS AND GOSSIP
Of TIE FIeecy Staple

NEW YORK. Aug. 2s.-Carpenter, Bag
got Il Co:
The journal Of Commerce reports the
following on conditions of the growing
cotton crop of Texas. Oklahoma and Mis-
souri,:
TeXas-Drouth has been the chief cause
OF deterioration, and worms have in
iured cotton to some extent. Compared
with a year ago at this time, however,
prospects are said to be considerably
better and quite few correspondents
look for the largest crop in years. The
weed averages a fair size and is gen
orally fruited, and shedding is compare
lively light Picking is general and in
many sections bolls are opening rapidly
Labor is plentiful. Many localities need
good rains to insure a top crop.
Oklahoma Conditions in oklahoma are
exceedingly promising and show an inn
provement over a month ago, when tho
percentage condition was 1913. Many cor
respondents report the best prospects in
weeks late and an early frost would do
much damage The plant is medium
size, well fruited-in many cases heavily
fruited and strong. Insect damage is very
slight boil worms appearing in some sec
lions. Cultivation is good and picking
will be general by September 10. Rain
fall has been plentiful. though some sec
tons are beginning to need moisture
Missouri-Cotton is doing well with
prospects for a good crop.
The cotton market received some sup
port from McFadden a Pell brokers, to-
day, but ring sentiment is very bearish.
McFadden, Gwathmey, Cone and Schil
were best buyers after the call MundS
Hartcorn and Martin were good sellers
Mctedden and some of the other spot
people are buyers.
Dallas wires: Texas generally clear
and warm. Oklahoma generally fair and
warm"
Cotton freight rates from New York to
Liverpool have been raised to 40 cents a
hundred pounds.
Some spot houses say that Texas has
about 100000 bales of old cotton stored
away. to work a score on planters and
buy new cotton cheaper,
McFadden, Gwathmey and Weld con
tinued to sell through the day, depressing
the market. Pell brokers and ring spec
ulators were buyers, but market has no
snap. Some of the bear forces predict
We have the following wire from Dub
lin, Ga, Laurens county: Boil worms
devasting cotton in Laurens and sur
rounding counties.
Following are ii a m bids. October
1854, December 1894, January 1889,
NEW Orleans. Aug> IS. Hayward &
Clark: The weather map very favorable
after Mondays general rains the map
shows fair entire belt; normal tempera-
lures; only few showers on coast. Indi
cations are for stationary conditions, eN-
cept probably increasing coudiness some
showers in north Oklahoma and north
Arkansas; rainfall only Savannah 100
New Orleans so.
Houston says but for scarcity ocean
freight room receipts would be larger.
The New Orleans Times Democrat
says While the remnant of the old bull
guard is inclined to believe the bears are
pushing their success too far, spot mar
ket development proved help rather
than hindrance to the price depresser
yesterday, though actual cotton stil holds
above a parity with contracts except at
Mobile, which quotes middling at 105s.
AS yet Savannah has not become a heavy
seller of spots for the simple reason Sa
amount to only 454 bales as contrasted
with "a 546 last year. In Texas the sit
uation is complicated by scarcity of ocean
freight room out of Galveston. The eX
port demand Is enormous--in fact, il is
limited only by the shipping facilities as
additional ships could be filed for Sep
TENDER sailing out of Galveston. But the
ships are not available and Texas ex-
porters have begun to regret they OPP
tween New Orleans and Galveston from
all of Texas. and are now seeking a re-
adjustment that will enable them a will
to use New Orleans as well as Calves
ton Close analysis clearly shows little
or no thought now among short sellers
and a moderate. supply. The marketing
season has opened up a though the re-
ouirement will be large, otherwise less
would be heard of strain on the shipping
facilities on the heels Of the absorption
by consumers Of the greatest supply on
record.
Estimated receipts THURSDAY;
1912. 1911.
New Orleans ....... 40 to - 3,172
Galveston ..........15,5 500 to 1880 AN