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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Apr 16, 1913
Page
3
New York April 15 prices for cotton ended the day very steady with a net advance of 2 to 16 points after a choppy session. Old crop liquidation eased late while new crop deliveries held a narrow range as weather forecasts and overseas activity supported the market.
In New Orleans on April 15 the cotton market fluctuated with mixed signals as funds and speculators adjusted positions. New crop contracts led gains while old crop sales pressured price levels. weather remained dry but forecasts promised warmth. Trading was active at the noon to afternoon session with highs and lows of a few points, and the close held steady or edged up slightly for several months.
The market remains steady with bearish sentiment evident from Wall Street sources as selling continues. Prices show a first decline after yesterday’s buying, and the general trend is cautious with no notable gains or renewed activity amid a mixed outlook.
A Liverpool market report notes broad selling in the first ten hours and a small decline before buyers absorbed offers. Local buying activity and short covering steadied the tone despite complaints of low temperatures and poor canehing across the south.
Chicago officials release figures showing over 7 million dollars in damage from locomotive smoke as they prepare an ordinance to electrify railway terminals. Alderman Theodore Long cites 1,636 locomotives daily and 5,601 tons of coal consumed, with total smoke damage across sources at 8,651,108 dollars annually.
Washington reports a bill by Representative Reilly Connecticut to consolidate the interstate commerce commission with the post office department. The plan would create a unified department to extend postal service to all public transportation and, through leases, place government control over railroads as required for public use.
Geneva April 15 Dr Herbert C Tolman professor of Greek at Vanderbilt university Nashville Tennessee informed the trustees that he cannot accept the Hobart college presidency He cites his wife’s view and doubts about his executive ability amid discordant Geneva climate and the trustees were advised of his decision
Corrected by Ogiesby Grocery Company. Numerous prices for dairy, baking, flour, sugar, coffee, tobacco, canned goods, and spices across brands and weights. Regional market notes and April trading figures included for St Louis New York and Cincinnati.
Stocks and bonds update lists Arizona Commercial at 37 and Calumet and Arizona at 68 with Greene Cananea at 71 and North Thutts at 20 percent. Store sales show 10.0 percent or more shares, including Amalgamated Copper and Union Pacific among others.
Berlin reports exchange on London at 21 marks 4743 plennigs for checks with 4 per sent private discount. April 16 notes three per cent rentes 86 francs B74 centimes or Ské account. London rate 25 francs 25 centimes for checks. private discount 4 per cent. London bullion 1 million taken to Bank of England. Washington reports treasury balance and receipts. deficit narrowed vs last year, with specifics on working balance and general fund totals. Medical and domestic wool prices and market notes follow with dullness in most wools and assorted Wisconsin Missouri prices.
New York coffee futures opened steady and fluctuated with a 1 to 4 point decline at times, then firmed near late trading. Spot markets showed quiet activity with slight gains in some Brazilian quotes while port receipts and Santos reports varied. futures quotes for several months ranged with modest shifts and the market closed near unchanged.
Kansas City April 15 Cleve Brown actor in a Beauty and the Beast sketch wore a lion skin. A scene change went wrong as a helper pulled a lever early, Brown tumbled onto the stage and a real lion seized the intruder. Brown escaped back into the skin but was badly clawed.
Chicago wheat prices slumped near session end after about a million bushels were sold. Declines led by wheat, with corn and oats also lower and provisions down. weather, favorable crop reports, and short covering influenced a volatile, professional session. Primary receipts and movements cited. market mood shifted from early strength to broad selling.
A historic finance firm founded in 1894 reports financing activity across Canal Street New Orleans New York and San Francisco. The notice highlights ongoing property loans and urban development ties among major cities.
Prices for steers, cows and heifers range from 3.00 to 5.80 per hundredweight with market steady and unchanged. Notable local buyers include HM Amis of McDonough bringing 1,100-pound short horns. Chicago and other cities report hogs, cattle and sheep receipts with varied prices and regional movements.
Country Produce reports from Chirazo and New York on April 16 show butter steady with creamery prices around 349 and 12 percent, receipts near 10 thousand tubs in New York, while Chicago, St Louis, and other markets note varied results for butter, eggs, cheese, and poultry with mixed receipts and price changes across regions.
New York April 15 stock quotations again fell early as traders turned bearish. Losses of 1 to 3 points hit a long list of leading issues including Reading Union Pacific and United States Steel. After an initial resistance, prices declined further before a late rally, with New York Central, Pennsylvania, Rumely, Mexican Petroleum and California Petroleum among the weaker issues. Bond selling pressured the market as western and southern banks drew reserves, while total sales totaled 43,700,000 par value. Panama 2a declined on call.
Money rates steady with call at 24 3% to 8% range and time loans easing to 4% for 60 days, 4 1/2% for 80 days, 4 1/2% for six months. Sterling exchange firm with bankers bills at 4.80 for GD and 4.8880 for demand. Copper and tin prices varied with copper firm and tin unsettled. London copper weak and tin steady. Export totals and London quotes noted, with metals in flux and warrants traded in Cleveland.
London trading on April 16 shows a quiet market with profit taking as investors await clearer banking prospects. American securities opened steady. intraday gains faded after New York indices softened. Notable quotes include Canners money 75, Tulola Central 123, Louisville and Nashville 137, Southern Railway 2714, bar silver at 75 to 16d, money 84 3 4 percent, with short bills at 3 1 2 percent and 3 1 2 to 4 1 6 for longer terms.
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