Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-07-19

NEWS AND GOSSIP
OF tie FIeecy Staple

NEW YORK, July 19.-Carpenter, Bag
got II Co: Rains in Texas had de-
pressing effect on Liverpool and this mar
ket, bur the demand from same sources
as yesterday seems good.
Riordan has been good buyer since the
opening Mitchell and SchiH also buying.
The Waldorf Astoria crowd were again
among the best buyers today, absorbing
all offerings coming their way.
Commission houses reported to be good
buyers
Dallas wires: Texas Heavy rains in
Houston, McGregor, Coleman, Mercury,
San Antonio, Bremond, Big Springs, Ham
good rain Waco; light rains. Mexia, Tenn
Pile, Hillsboro. kaufman. Cleburne, Mer-
ket, and scattered showers balance clear
and warm; Internationally clear
and warm"
Mitchell at the opening today began
bidding the market up, buying October
heavily.
Mike Thomas wires from Dallas: These
light showers and hot weather causing
complaints OF shedding
The New York Commercial says: The
continued bad weather has turned SEN
timent toward the bull side again.
The Journal of Commerce says: There
are indications that the early receipts Of
the new crop win find ready buyers,
NEW ORLEANS. July 19.-The weather
map shows fair in Oklahoma, Arkansas;
cloudy elsewhere. Only light showers in
Texas, except heavier rains San Antonio,
Houston No rains in Atlantics, but gen
eral and rather heavy rains in central
states. Indications point to unsettled and
showers. m Texas emo lower central
states, but clearing for Tennessee and
Memphis clear and hot; Yazoo City
partly cloudy and warm Greenwood
cloudy and hot, rained last night; Vicks-
burg cloudy and warm, rained last night;
Greenville, Miss, cloudy and warm, rained
New " York says. "Pen and Riordan
starting again the buying
rains a e east and Wsoneheast Sl Very fGe
south and southwest; partly cloudy
Habersham King in his last report,
coming out of wet June, the slow clear
ing of the skies was most favorable I'M
agine the damage to sappy plant If
with the exception of small areas, there
has been almost a complete clearing out
of the grass. between the showers over
the eastern belt. | consider Texas be
western and central portions, and un-
less relieved serious damage will be
worked in fortnight,
The New Orleans Times Democrat says;
Broadening speculative interest based
upon the growing conviction that the
weather is only one of the several strong
tendency being displayed by the market
has resulted in considerably more ac-
tivity around the ring, and brokers are
asking themselves the delightful question,
Has another bull campaign begun The
July position is performing in a manner
that recalls to mind the triumph of for
mer bull leaders in the market, and the
paucity of tenable grades, as well as the
insistent demand from both European
and American spinners for good grades,
has given the holders of October con-
tracts new ideas as to the real value of
cotton to be- delivered during that month.
Continued rains in the central and east
ern portions of the belt do not suggest
any unusually early supply of good
do CT
by exporters are to be credited, Texas
has sold a world of good grade cotton
that will find it's way to the spindles
instead of to the contract market.
Estimated receipts Saturday:
1919 1911.
New Orleans ...2 $50 to $50 81