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Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
May 06, 1914
Page
6
New York May 5 Liverpool was due to come unchanged today on the opening. The market opened steady rising 1 to 2 points. By noon the market stayed quiet and steady 1 to 3 points higher. Spots 5 points higher middlings 7.32 with 8,000 bales sold including 6,500 American. Receipts 12,000 bales. Tone: steady.
Market news outlines mixed activity with sympathy for higher Liverpool cables and a late-day decline. Buyers from Liverpool connections pushed May and July, while selling orders and unsettled sentiment persisted. After mid-day prices fell 4 to 7 points, summer months softening amid liquidation. Tone remained steady with middling around 1290 100c. Frost and bullish cables supported wheat, lifting May option on tight elevator stocks.
Prices opened steady to higher as traders watched insect damage claims and delayed storms in Argentina. Wheat closed heavy with 4 to 5 cent losses, corn rose on Argentine buying and bulge selling easing, oats up with corn, and hogs led to higher provisions as early selling gave way to a broad advance.
The New Orleans cotton market opened with solid demand for old and new crop contracts. Initial prices rose 6 points in step with gains in Liverpool and New York, but activity cooled and values drifted. By noon, prices were down 9 points on September and 2 to 4 points on other months while tone remained steady and middling grade stood at 13 cents.
The forecast calls for generally fair weather in Georgia through Wednesday evening with a fresh southwest and west gale. A storm from the West and North centers over the lower Lake region lowering pressure and bringing rain to the central valley. Measured rains included Florence Alabama 1.19 inches and Nashville Tennessee 2.56 inches.
Fair weather is indicated for Wednesday with cooler conditions and brisk westerly winds diminishing later. C F von Herrmann, Section Director.
Charles S. Barrett urges officers and members to diversify beyond cotton. He warns bumper cotton crops depress prices and promotes home production of corn, potatoes, hay, meat, and vegetables to achieve independence. He stresses practical farming and warns against overreliance on cotton.
When a cold worsens, readers are urged to use Chamberlain's Cough Remedy described as prompt and economical. The ad claims it relieves the lungs aids expectoration and restores a healthy condition, noting worldwide sale and dependability through dealers.
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