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Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
May 19, 1916
Page
3
The Associated Press reports a firm opening in the New York cotton market with July near 13.83 and October around 13.80 as bulls push for a broad advance amid rain risks in the south, cooler forecasts, and ongoing peace rumors. Spot quotes show mixed steady levels across cities.
Asheville May 18 Southern Baptists report to the Foreign Mission Board oppose federation based territorial divisions and interchange of church letters. They urge strong denominational control of Christian education and mission work, oppose cross denomination co operation, and stress New Testament church polity while supporting unity in spirit. The report cautions that union programs may hinder Christian unity and urges continued distinct Baptist identity abroad and at home.
New York May 18 Liverpool cables due 2 to 2 1/2 points higher. Market opened steady with near months up 4 to 5 points and late months 3 to 4 higher. By 12 15 p m the market was steady with near months up 7 points and new crop 2 1/2 to 5 points higher. Spot cotton in demand with 1 1/2 points advance. middling 8.66. Sales 10 000 bales, American 8 000. Imports 13 000 bales, all American. Futures closed very steady 8 to 12 points higher.
The Chicago quotations show May July and Sep wheat at 115 to 116 percent across bids. Corn ranges May to Sep from 73 to 75 cents per bushel. Cotton oil futures list open and close values from May through November with spot and futures markers, indicating varied activity and prices across the season.
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