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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Apr 10, 1923
Page
10
New York and New Orleans markets show July contracts up as May and other months fluctuate. Weather delays and export demand push prices higher briefly, with gains offset by late selling and rain forecasts in Texas and the Gulf coast.
The New York Cotton Lead Oil market shows mixed quotes with crude and refined oils higher, bag prices to Canada at $20. The market closes firmer as traders push for higher prices. Turpentine and rosin receipts and shipments noted. potatoes, onions, and oats show limited movement across regions with modest gains.
Movements report mixed activity across ports with middling cotton around 20 to 21 cents. Receipts and exports list many totals by port, including New Orleans, Baltimore, New York, Houston, Memphis, and Atlanta among others, with stock figures and weekly totals.
Ba bard Bros & Co advertise as cotton merchants at Hanover Square New York. They note association with New Orleans Cotton Exchange and Liverpool Cotton Association. They solicit orders for purchase and sale of cotton and cotton seed, promising liberal terms and prompt delivery, with correspondence invited.
New York April 0 bond trading quiet with minor price moves across issues. Government bonds slipped slightly while foreign issues and rail mortgages showed limited gains. Industrials were uneven with Rubber and Porto Rico sugar among movers. money rates and currency quotes varied.
Fragmentary financial notes show closing prizes across several months, coffee spot prices and demand. Santos earnings include port receipts of 14,000 for Jandlixhy, 4,000 for re ceipte, and a total 48,000 baga cleared, with a 2500 Heston stake noted.
In Barnesville on April 11 County Agent C. G. Neal will lead Lamar county's second cooperative hog sale. More than enough hogs are promised to form two, possibly three full cars. Farmers learn better hog prep and the February sale already moved three cars. if observed, next Wednesday could reach six cars for 1923.
In Barnesville Georgia on April 9 the Parent Teacher Association United Daughters of the Confederacy and the Civic League and a citywide tag day mobilized women and girls to raise funds for Gordon Institute improvements. The effort yielded a small amount, targeted for buildings and equipment under the three organizations’ oversight.
United States Bureau of Agricultural Economics statistician Z. R. Pettit notes April receipts and sales at Atlanta, with 58 receipts showing demand fair but light trading. High quality mixed steers around 130 pounds sold at 7.50, light pigs at 3.75, cattle receipts 454 with steers 700 to 625 pounds at 7.0, native yearlings 200 to 350 pounds at 6.00 to 6.25, mixed native cattle 2. M
Wheat prices reached new season highs amid expectations of late Northwest seeding and reduced acreage. May futures at 1.23 3-4 to 123 78, July at 120 78 to 121. Corn and oats also topped prior highs while provisions saw mixed swings. Snow and frozen ground in the spring wheat belt delay field work and government crop report anticipation influenced markets.
In Fant St Santa MO on April 1 a slower trend appeared in the horse and mule market. Drafts ranged good to fair, prices from 40 to 135 dollars for various draft sizes and ages. Cotton entries noted small lots with prices around 40 dollars.
Washington reports that grain exports last week rose to 4,145,000 bushels from 3,490,000 the prior week. The gain reflects stronger shipments of grain to domestic and international buyers amid ongoing market activity.
Washington reports the Department of Agriculture forecasts winter wheat production at 572,317,000 bushels and rye at 75,794,000 bushels for 1922, down from last year. The forecast rests on April 1 crop conditions with winter wheat at 71.2 percent of normal and rye at 81.8 percent, noting fall sowing and harvested areas and comparing to 1921 figures.
NY April 9. Secre tary Mellon urged federal tax cuts but Wall Street saw dull trading. Oil shares softened on speculation of price cuts while American Woolen offered 10 million dollars of new preferred stock to raise working capital. Fire losses hit a new high for March and first quarter. Wage increases spread across industries with extra dividends rising. Studebaker reports high production and Republic Iron and Steel expects strong March quarter earnings? and back dividends due. Copper, tin, lead and zinc market details included.
The American Woolen company announced sale of a $10,000,000 seven percent preferred stock to a local banking syndicate. The issue will be offered at par to current holders on a one for one basis.
Public service commission hearings are scheduled today in several minor matters. The Georgia railway seeks to discontinue its Beardstown agency and appoint a caretaker there, while Central of Georgia seeks a similar concession at Bancroft. Tybee island residents request a Tybee division station move to Dixon, and Hartwell asks to change Schedule No 6. Macon residents petition Macon Railway and Light to resume streetcar service to the Rivoli extension.
W A Graves returning from two years in the Hawaiian Islands says dances are not vulgar and Hawaiian music is a later American edition. He praises the climate and beauty but notes white residents plan to return to the United States if possible. Graves worked as foreman machinist at the Pearl Harbor naval station near Honolulu.
R A White, manager of rul appeal pendaton arquatization, will address Commercial High School students Friday morning. He will discuss practical uses of communication to business and related topics.
Bwainsboro Ga April 9 Senator W J Harris spoke to a large audience in the courthouse chamber introduced by Attorney C Powell The event highlighted Harris political outreach in the region as part of his campaign trail.
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