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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Apr 10, 1923
Page
9
Day totals show 715000 shares traded as losses exceed gains in a dull market. Figures list Twenty Sauluativals at 1 net I low 96.96, nine bonds averaged $0.54, net gain, with High at 10 00.03 and Tow at 84.538.
A New York dispatch reports anxious foreign buyers over crop contracts, delaying planting and lifting weather woes. Cotton sentiment hints at a trading market rather than immediate gains, with limited upside as price power slips and buyers seek patience amid scarce supplies. Stock letters note broad market caution, with some firms urging selective holdings and others predicting modest upward drift despite uncertain demand.
Tampa Florida Sunday dispatches report Paul W Seymore F C Yetgen and J T H McGill formerly of Atlanta arrested on charges of using the mails to defraud. They allegedly advertised to buy produce at high prices then kept goods for themselves. Disclosures show prior operations in Atlanta under various names and plans to transfer them to Atlanta once removal orders arrive.
Abbeville South Carolina reports a light snow shower between eight and nine this morning lasting several minutes. No further accumulation or damage noted.
New York reports a notable curb market downturn with substantial oil losses. Cit- le a Bergje drops to 171 then recovers to 178 1-2, Gulf Oil of Pennsylvania falls 2 1-4, Galena Signal 1, while most Standard Oil issues slip. Strong gains emerge in Carib Syndicate at 72-8 and Maracaibo at 207-8, with Maracaibo 7s bonds at 205. Glen Alden coal slips 14-8 and Yale Steel weak. Hain Corporation preferred hits a new high on earnings, and British American Tobacco Coupon rises to 201-4.
A New York market note from Fenner & Beane predicts a fair buying opportunity on setbacks as mills hold cotton for now. The cotton letter cautions a possible rebound after a brief pause, naming Studd Q Cas, Cone, AT C, 4.8 Po and LMW as stocks heard in. Weather in the south is unfavorable with a cold wind bringing rain, dampening demand and keeping the market in a holding pattern. Futures in Liverpool show May and July activity, with Hubert Aroa & Co reporting tentative trends.
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