Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-05-10
NEWS AND GOSSIP
OF tie FIeeCy Staple

NEW YORK. May 10-Carpenter Bag
got & Co. Hear a good line of long
cotton bought YESTERDAY by uptown trade
was thrown. on market this morning, ,caus-
ing depression This, together with heavy
selling by the ring, should have caused
a further decline. but the market takes
Dallas, Texas, wires: Texas general
~ cloudy: raining a Mt Pleasant Clarks-
vile, Corsicana. Wahachie, stephens
Vile. good rains at Dallas. Weatherford,
Waco; heavy rains Abilene TO Clyde, Gle
burn; light Baird to Big Springs Paris.
oklahoma, general rains
Following are II a m. bids May Il y,
July II. so October ll68, December HIS,
January HE
Warehouse stocks in New York Friday,
1873 904; certificated. 131 pa
Estimated receipts Saturday.
New Orleans . 200 to 200 i7ls
Galveston. ....1,500 to 1000 1888
NEW ORLEANS. May TO- Hayward &
Clark: The weather map shows fair in
all of the Atlantic states and west Texas;
cloudy elsewhere, Some heavy rains in
Oklahoma; general showers in northwest
and north Texas, north Louisiana. Arkan-
sas and Mississippi. No rain shown by
map east of the Mississippi Indications
are for fair in west Texas, cloudy, show
cry rest of the belt, probably heavy rains
Arkansas, north Louisiana and Tonnes
see
New York wires Responsible reports
show crop conditions at this date the
worst in years. Barometer figures today
Indicate further rains. The character Of
commission house trading point TO spread
bullish sentiment among the public Think
the outlook and the immediate conditions
fully warrant a bullish attitude. Look
for much higher prices.
New Orleans Times Democrat. The
cotton market makes strange bed fellows.
The strength of spots has led some pro-
fessional price pessimists into the bull
camp. The magnitude of the supply has
led some professional price optimists into
the bear camp, and so curiously assorted
groups, heads together, discuss the cotton
market, past, present and future, on the
floor of the exchanges day after day, The
weather map is all wrong, says one.
The weather in May, 1908, was worse
than it is now says another But the
weather prior to April IS, 1908, was good.
whereas during the four months this year
has been very bad says a third. The
crop is in fair way TO break the 1871
records, says a fifth. There is no spot
demand, saws sixth No cotton Is
weighing on the market anywhere, and
over in an effort to satisfy their obll-
cations says a seventh And so on
throughout the gamut. Everywhere fact
and theory clash Some men are linked
win an idea Others drift with the cur
rent \ few days ago one of the big
gest operators of modern times said he
was bullsh because of supply and De
mand which was called by some people
an APPARENTLY Incredible reason. But yes
terday an exporter, who. buys and ships
out probably a quarter of million bales
year, put the case thus: America has
over exported a sixteen million bale crop.
expect to see port stocks drop ESQ
600 bales under the port stocks of 1909
Europe has all the cheap cotton There
is nothing to depress the market but spec.
ulative sales. Suppose somebody should
step in and buy $4,000 bales of the mid
summer delivery what would happen to
the market?