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Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
Apr 23, 1914
Page
3
New York April 22 market notes Liverpool prices set higher after quiet open. Cotton futures showed gains with 7.32 sales and 16 000 bales receipts. American shipments 5800 within the total. Grain and oats edged up as hog declines influenced later trading. first sales mostly steady to higher, with overall upturn across commodities.
Rain in the area and fears of Mexican interference weighed on cotton trading. Prices rose modestly, with gains of 1 to 3 points early and 6 to 8 points by noon. Middling grade held at 13 1 16 cents as demand remained light and offerings scarce.
Chicago grain prices rose sharply as war excitement and drought forecasts supported gains. Wheat opened 7 to 14 cents higher and added further advance, aided by dry weather in Kansas and Nebraska. Corn climbed more than wheat, with Mexican news and heavy rains affecting harvest and movement.
The New York cotton market opened steady to higher with 1 to 9 point gains as Western belt weather unsettled and Liverpool bought near months. July futures reached new highs as active months climbed 8 to 16 points mid day. Prices remained firm into the afternoon with middling around 1315-100 cents.
Washington April 22 The House Agriculture Committee opened hearings on bills to regulate cotton futures trading. Subcommittees led by Rep Lever will study cotton and grain with input from New York exchanges mills and growers. Bills seek prohibition of nonconforming contracts and designate bona fide spot markets while shaping delivery and grading standards.
Department officials advised Mr. Lever on a bill to uniform nine standard cotton grades adopted by leading exchanges including New York. Government regulation is urged to protect producers and consumers. The issue shifts to grain futures after the cotton question, with Representative Moss chairing the grain subcommittee.
A vintage health notice warns colds are catching like measles and advises avoiding close contact with those who have colds. It suggests avoiding crowded cars and poorly ventilated rooms and using Chamberlain's Cough Remedy to recover quickly and safely, available from all dealers.
Mild form of indigestion guidance suggests eating slowly masticating well and taking one Chamberlain's Tablet after supper. Available for sale by all dealers.
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