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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Apr 03, 1923
Page
9
New Orleans and New York markets show renewed liquidation in cotton as May futures fall and old crop months decline. Reports cite pressure from wet soils, cooler temps delaying new crop, and tentative demand from southern buyers amid a slower trade.
New Orleans and Galveston cotton receipts and prices appear with scattered figures for middling bids, exports, and stock levels. In New York, cotton receipts and exports show totals, while July and September futures trade around 21.40 and 21.40 cents per pound amid shifting demand and bill trading. Sugar futures in New York reflect a quiet day with overall declines and late rally near the close.
Market notes show mixed potato quotes across regions led by Minnesota and North Dakota whites and reds. Prices range from about 30 to 200 dollars per cwt with Wisconsin and Minnesota values highlighted, while ship quantities and local auctions appear irregular.
New York April 2 bond prices mainly muted with US government issues edging higher. Foreign bonds mixed Brazils down 112 points while French issues rose modestly. Industrials and rails showed small gains as sales totals reached 9.18 million par with a Chesapeake and Ohio offering pending.
Irregular OCR fragment shows mixed bond and commodity terms with scattered prices. Mentions No. 2 hard wheat, No. 2 white cotton, various futures months, and several garbled identifiers, lacking coherent structure or clear events.
Grain exports from the United States in the week amounted to 3490,000 bushels of corn compared with 3507,000 bushels the week before.
Chicago April 2 wheat rose to season highs on weather driven gains and then declined as profit-taking hit late trading. May and July contracts reached fresh season highs before closing weak. Corn and oats dipped while provisions advanced on strong exports and futures gains. Bears grew as USDA style outlooks and visible supply shifts weighed on prices.
New York April 2 A sharp hour long drive in railroad shares sees Union Pacific as the main target. Bankers raise money rates to 3 4 percent the highest since 1921 amid unconfirmed rumors of dividend cuts. Industrials falter with widespread declines as market gloom spreads over earnings and consolidation talk.
Fragmented text lists outdated financial terms, rates, and international quotations with references to New York and Britain. It mentions percentages, loans, commercial paper, and cables, but is too garbled to identify a coherent event or entities.
The fragmentary OCR shows names like Savannah and naval stores, with numbers for receipts and sales in turpentine related items. It mentions firms, periods, and monetary figures, hinting at a regional commerce record and commodity movements of turpentine and related products.
RL Barnum New York April 2 There are several reasons why old conservative private banking firms once confined to railway and government offerings now handle industrial issues. Wall Street bankers predict railroads will again find an active market for new securities as industrials gain investment clarity. Reports show March rates and varied earnings for rail and steel sectors, with traders noting potential pool interests and upcoming dividends influencing stock activity.
Bank clearings for Atlanta rise to 10,021,539.98 on Monday, up from last year’s 7,772,542.68 and last week’s 8,814,783.64. Other market items include cotton middling prices, crude oil basis, and various agricultural quotations. A stray joke closes with a puzzled autoist and a juggler remark.
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