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Newspaper
Athens Banner
Location
Athens, Georgia, United States of America
Date
Sep 21, 1913
Page
14
The Athens market reports steady tone with spots around 133 and receipts near 145 bales. New York price 13.60 and Liverpool 7.72. spinners bought heavily and may push to 14 cents next week. Includes market data from Harris Stephenson Co and local exchange officers.
Federal judge orders Frisco receivers to pay about 1.5 million dollars as principal and interest on bonds secured by mortgages and for extension and operating expenses. Chicago & Northwestern shows 9.62 percent stock yield for 1913 versus 7.51 percent in 1912.
Opinions from Miller & Co Norden & Co and others foresee varied market moves with a potential decline before buyers resume. A weather summary notes 7 to 10 days of rain causing damage across Alabama to the cotton belt, delaying picking and ginning, while late plantings may benefit if frost is delayed. Rain impacts and uncertain yield outlook mark the season as trading and farming communities monitor developments.
Weather deterioration in late August hurt whin hill lands while creek bottoms remain good. North Alabama districts show variable yields with Creek bottoms strong and hills poor. Cotton open as mid October nears, rains delay picking but boost low lands. Liverpool futures rise with steady demand. ports at 45 100 bales.
The report notes rapid cotton openings in the South with weeklong rains providing uneven benefits. Georgia and Alabama report mixed progress with maturity and grade concerns. Mississippi and nearby states suffer heavy rains causing root and seed sprouting. Texas Texas and adjoining areas show no picking for days with grade damage but potential yield changes. Overall rains are doubtful in benefit and ginning advances.
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