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Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
May 30, 1914
Page
6
New York cotton stock and cotton seed oil exchanges and the Chicago Board of Trade will be closed for Memorial Day. Liverpool cotton exchange also closes. New Orleans cotton market remains open. SOC Septeetee
Chicago May 29. May wheat near delivery day with supply held by a single interest, suggesting potential tightness yet prices opened higher on firm cables and later erased gains. Market stayed well supplied as May option deliveries were accepted despite rules.
Yesterday's trade showed wheat steady with minor losses as rains in Argentina and light offerings damped gains. Corn advanced after opening flat to higher with May drawing limited demand but then jumping late on short covering. Final: May corn up 54 cents from the night prior amid crop damage complaints.
The report notes oats show strength despite recent rain and May remains weak with sagging provisions. In cotton, Liverpool prices in New York May 29 edge higher for old scraps by 2 to 6 points and vary for new scraps, with the market opening steady and lower early.
The market opened unsettled on weak cables and heavy foreign selling with May near steady and June down sharply. Old crop positions rallied briefly, but overall activity faded. May covered around 133 cents and new deliveries fluctuated, receipts reached 10,300 bales including 9,000 American.
New Orleans May 29 Liquidation dominated early cotton trading with first prices 7 to 10 points lower and the decline kept after the call despite unfavorable Texas and Atlantic weather. Cables fell substantially. selling was light so the market eased 10 to 14 points before noon, later stabilizing to 3 to 6 points down as fresh buying emerged.
Georgia Products Day will return in November 1914 and become a permanent state holiday. The Georgia Chamber of Commerce, led by President Chas J Haden and newly elected secretary-manager Albert M Smith, plans broader observances to boost home production and position Georgia as a food exporter, aligning with post conference momentum.
J W Henley of 700 Pulaski St Athens reports three year kidney trouble with frequent urination backache and sleep disruption. He says Dean's Kidney Pills strengthened his kidneys and eased symptoms after other remedies failed. Price 50c at dealers. Foster Milburn Co Buffalo NY adv. Call 54 for representative to discuss gas ranges proposition with easy terms.
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