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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Apr 14, 1923
Page
11
New York and New Orleans reports show May, July, and October cotton futures sliding as prospects for demand weaken. Weather concerns, reduced spot demand, and heavy late selling pushed prices lower. export and mill activity remained weak while futures saw notable declines amid broader market softness.
A sprawling set of stock opinions from Daw York traders notes mixed signals as rallies fade and pressures build. Analysts from Frmer, Hornblower, and others forecast renewed forward movement while cautioning that erratic trends may pause gains amid shifting commodity and marine shares. Contrasting views emerge from Warns and Fenner on timing and sector strength, with attention to cotton and marine issues shaping near term bets.
An extracted overview of weekly cotton movements and receipts across U.S. ports and inland markets. It lists comparable figures from the previous year, with data for places like New Orleans, Savannah, Port movement, and key mills. The document covers receipts, exports, and total stock across multiple districts and regions.
New York April 14 Bradstreet's notes weak collections across states, with farm work delayed by cold weather. Trade lines show lively manufacturing and steady city retail, while western winter wheat areas face slow farming as warm weather is hoped to accelerate activity. Week bank clearings reach 12 725 000 dollars.
In New York on April 13 the bond market saw small price moves as Great Britain ordered purchases of Liberty bonds. Debts were settled at par for principal and interest, while overall turnover remained light and dealers held large unsold quantities.
Scattered OCR text shows a money market snippet with odd figures and foreign exchange mentions. Entries reference rates, bids, and international names like Switzerland Slovakia and Belgium, but the fragmentary nature prevents a clear event or outcome. The piece reads as a rough market snapshot with many garbled figures and country names.
The report lists monetary terms including a price of 72 pence per ounce and interest rates at 1 percent for different periods. It mentions 3 months and 2 percent figures alongside various coded terms. The fragmentary text references currency and lending terms without clear event details.
The market moved on light activity with ships bound for Cuba and refinery demand. prices extended gains in afternoon trading with private cables noting nearby advance. Widening spreads kept close to steady early quotes while refined products held firm with small changes across contracts.
Chicago April 13 wheat rose on export reports of 1,000,000 bushels largely for Europe, with July and September at new high prices for the season. May, July, and other futures posted gains while corn and oats fell modestly. market mood favored bulls amid mixed crop and weather news across Nebraska, the northwest, and the plains.
New York stocks closed uneven with net gains outpacing losses as gains led by several industrials and rail shares faded late in the session. Trading momentum weakened, shipping issues and utilities slipped, while tobacco and car shares posted mixed to higher closes amid continued credit and liquidity signals.
New York April 13 short covering lifted the curb market with uneven gains. Maracaibo rose to 215.5 then trimmed gains while 7 per cent convertible notes traded higher. Oil stocks recovered ground after a 10 cent cut in cine prices. Detroit Axle leaped to 133.8 on earnings. Durant and Stutz modestly higher.
A fragmented report on potato prices and market conditions notes steady to firm trade for certain varieties while other lines show dull price movements. Currency shifts show sterling easing to 4.0312 dollars and the French franc around 6.24 centimes as foreign exchange remains subdued.
US export data for March shows total merchandise exports of 300,819,728 dollars, with March gold exports and imports, and a monthly excess of exports over imports of 105,529 dollars. The department expects corrected totals to be issued soon, as analysts note recent market fluctuations and grain/coffee price activity.
Tulian grand jury here day indicts Floyd Woodward and three confederates on larceny charges in a bunco operation probe. Victim Vende Lamar of Athen claimed a loss of 17 500 dollars. Co defendants include Len Gleason, Robert Doyle, and Fred Walhalms. the latter was brought in after arrest in Oklahoma.
Finest Wond psychologist and educator will address crowds at SoClark and the chamber of commerce this weekend. Sunday talk covers Personal Problems while Monday focuses on Methods of Mental Training. venue details include Fly Club and related programs. Dr Woods, native of England with 15 years in India, headlines the talks.
Delbert Blathe was removed recently after a vote by other members who cited failure to attend meetings. Tate was named as the new member by Governor Harmonreedwick, replacing the late appointee amid countywide discussion in Porthorn, Minnesota.
Joe Percy, 66, employed in the construction department, collapsed and died Friday morning in front of 27 West Peachtree Street while walking on a sidewalk. Witnesses describe a sudden collapse likely due to heart trouble. no inquest to be held per Paul Denehee of Patterson & Son Carrier.
Members of the Travelers Protective Association meet at Pearack cafe for a post luncheon prep session at 1 o clock. Reports from committees will guide plans to entertain over 600 delegates, with the convention slated for Thursday and Friday at a local hotel.
Hubbard Bros Co, cotton merchants of Hanover Square New York, members of the New York Cotton Exchange and New Orleans Cotton Exchange, Liverpool Cotton Association associate member. They solicit purchase and sale of cotton and cotton oil for future delivery, with favorable terms for consignments of spot cotton for delivery. Correspondence invited.
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