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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Aug 03, 1919
Page
6
In New York on August 2 markets showed 58 to 70 point drops from yesterday's strength after a bullish government report. The session featured aggressive selling through commission houses and limited support, with October and December futures retreating to the day’s lows amid concerns over general economic conditions and labor unrest.
New Orleans ports show varied cotton movements with middling prices around 84.75 and 34.85 in domestic markets. Receipts, exports, and stocks are listed for multiple inland centers including Nashville, Memphis, Augusta, St Louis, Atlanta, and Little Rock, with totals indicating weekly receipts about 10,599 and exports 76,552 and season totals 16,347 receipts and 70,810 exports.
New York markets end month quiet with firm prices. Government surplus war goods auction drew bids above costs and current values for shipments to Siberia. Prints and cereals hold firm. denims moving higher. spring delivery orders steady. demand for novelty fabrics remains robust. mills foresee large business through November. Prices listed include print lelotites 28 inch 64x64a 13 cents. 4x60e 12% cents. denims 22 cent. prints 19 cents.
Yarn spinners raised prices today with Fruit of the Loom 4x4 bleached advancing to 32 cents per yard from 10 cents in March. Burlaps gained while Hawaii activity was quiet and unions remained firm.
Bradstreet reports brisk wholesale activity in Atlanta with many firms setting sales records. Durable goods and trucks in demand while men’s wear and groceries stay busy. Weather disrupts crops across the state. cotton and corn yields vary by region as boll weevils damage some southern fields. Savannah figures noted for turpentine and rosin trade.
Market summaries from New York Chicago St Louis and other cities show butter mostly steady to unsettled with receipts differing by firm and region. Poultry prices edged lower in some markets while others held or rose slightly. potato prices in Chicago and regional farmers markets indicated firm to higher values for fresh crop spuds.
The New York Stock Exchange closed Saturday by governors to allow members to catch up with work. Call money stood at 15 to 20 percent as August loan activity and new domestic elements spurred a week of irregular stock market action.
The text notes renewed momentum for a central project and discusses Morgan’s fifty million French treasury bills as part of bankers' push to rehabilitate distressed European nations. It mentions Belgium likely receiving substantial credit and signals openness to the new German republic seeking financial assistance from international banks.
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