Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-08-20
NEWS AND GOSSIP
Of the FIeecy Staple

NEW YORK, Aug. 20-Carpenter, Bag
got x Co: While Liverpool was not as
good as due on our close of yesterday.
stlI The buying was rather good and pre-
vented a decline.
The opening was quiet but after open
ing there was evidence of some of the
old bulls buying a little cotton which
caused short covering. bringing about a
rev points advance. While there is lit
ue spot demand heard of, in a general
way, some of the spot houses say spin
ners are buying on the decline
The course of the market at the mo-
ment depends on whether mills are will
ing TO buy around present prices or await
inrther developments over the belt with
the prospects of buying at a lower level.
The Waldorf crowd have been good buy
ers today and there is some spot demand
reported, which is stimulating market
The journal of Commerce states that
transactions were reported yesterday in
print cloths at concessions of l-16C to &c,
but the quantities involved were not con-
sidered large enough to establish new
basis of value.
Catles was the largest buyer after tho
opening Parrot bought August. Leh
Der, Lehman sold. Finn, Wiggin, Schill
bought. Hentz, Mitchell sold.
Mitchell was the best buyer during the
morning session Castles, Gwathmay,
Schill were best sellers.
Browne, Drakeford & Co. Liverpool,
cabled us this morning as follows: Alb
sence speculation; hedge selling"
Cohen, Lee, Lehman and Cone were
best buyers today on advance. The ring
selling on all rallies.
Sentiment continued bearish, but very
little cotton for sale.
Following are II a. m. bids October,
4 .25; December, 1l.33; January, ll27;
NEW ORLEANS, Aug 2O.-Hayward &
in south Texas, west Texas and North
Carolina. Fair elsewhere; some showers
in south Texas. Few isolated showers in
rest of the belt Temperatures lower in
Oklahoma and northwest Texas Weather
very favorable. Indications are for un-
settled, cooler and rain coming on western
states in near future. Cool wave APP
preaching, also rain indicated for North
Carolina. Partly cloudy to fair else
where.
Houston. Texas, receives ISIS new
bales today against 6,13S last year.
The New orleans Times Democrat
says: over Sunday a little rain fell in
Texas and cooler weather with rain Is
promised in that state. Nevertheless the
contract rings encountered a distinct re-
dictionary spirit which suggested the pres
ence of hurdensome short interest and a
scarcity of speculative sellers. All or
which should interest the talent in view
of the bearishness of most operators, of
the relative strength of the actual stun,
of the expanding new bale movement ana
of the scarcity of ocean freight room;
Either futures are too low for spots and
must climb at least so points during the
near future, or spots are too high for flu
lures and the basis must break.
Bulls confidently expect pessimisuc re-
ports from the Atlantics within day or
two Bears expect rains and cooler
weather in Texas. Exporters seem to be
finding cotton enough for the filing of
their August commitments out of Calves
ton but say that new business Is danger
Gus because of the high basis they must
now pay.
Dallas wires as follows: Texas and
q pnnarnllN rlp9r and warm.
Estimated receipts Wednesday;
1912. 1911 .
New Orleans 100 to 200 sos
galveston 5 900 to 5000 H. S02