Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-10
NEWS AID GOSSIP
Of the FIeeCy Staple

NEW ORLEANS, Aug. 10.-Hayward &,
lark; The weather map shows fair in
Oklahoma and on the Atlantic coast;
partly cloudy to cloudy elsewhere; GOOD
rains in northern half of Texas; also in
west portion. No rain in south Texas.
Very heavy rain in north Louisiana Cen
efaI rains in central and eastern states;
heayy IN Georgia, South Carolina and
north Alabama.
The idea prevails that The Times
Democrat Monday may be bullsh and,
combined with government forecast for
leads to buying
Following from man at Shreveport:
light rain continues falling, becoming
quite serious. Bottom bolls will rot and
worms will have full sway"
Inc following letter received late yes
Ietqdy from our reporter, J. A. kennedy:
l am now winding up my west Texas
Trip and Will be in north Texas next
week. ! now estimate that Is per cent OF
the entire west and northwest has been
covered by local showers during the pas
ten days, while all the lowland Of that
sGIctlon Is as dry as powder and the crop
already cut short. find all the coun-
Try along the Texas and Pacific railroad
beginning at Weatherford and running
ZOO miles west is very dry and the crop
Is partial failure, much of the section
covered requiring from TO 20 acres to
produce bale.
Central and north Texas has received
good rain this week, beginning as low
as Corsicana and Temple on the south,
and running into Oklahoma This rain
was badly needed and will be of great
Deneht to the crop over that section Of the
state. Southwest Texas Is still suffer-
ing from a prolonged drouth, and / have
very reliable information that shedding Is
about as bad in that section as in 1903.
L warn you not to accept exaggerated
rain reports with too much credence. as
the tendency Of many real estate boom
efS IS TO give too much free infOrmatio
or an optimistic character Some Of the
interior exporters are guilty of the same
fault"
The New Orleans Times Democrat saws:
whether ScalperS buying in America and
selling in Liverpool at the wide differ
enGe stopped the decline, or whether short
sellers paused long enough to review the
crop condition effect of recent weather re-
mains to be seen. 1t is a fact, how
ever, that new crop deliveries, after a
further dip, which carried New Orleans
December to 1875, regained some II
points by the close, and bulls accepted
the reaction as proof that bearish en-
thusiasm had run its course, and sup
ported the belief with kilograms saving
IeXds rs no showing anything like the
improvement the trade had been led to
expect by the multitude of bearish ad-
vices sent out on the heels of recent
rains in the west. on the other hand, low
prlce men frankly admitted that reactions
were logical after decline of $50 points
from the seasons high level, but per-
sisted in their belief that the trend of
the market VIII continue downward, and
supported that belief with the fact that
Houston sold 7,450 bales of f. o. b. cot
ton, which, they claimed, clearly indi-
Gated the commencement of the new crop
movement in real earnest.
Following is the statistical position of
cotton on Friday, August 9, as made up
bV The New York EiDa Y1pia1 CbrouirIa.