Cotton Market Slips Amid Drought and Dull Trade
New York August 11 Market eased on heavy selling by large traders while drought fears linger in the Texas belt. September and October futures dropped several points as bearish sentiment grew. Spot cotton in New Orleans and New York remained quiet with modest declines and thin arrivals, while national and foreign markets showed mixed signals amid broader economic data and currency shifts.
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Local Stock and Bond Ticker Report
Boston and New York markets show varied activity with Arizona Commercial at 17 percent and Butte Coalition at 18 percent while Calumet and Arizona stands at 66. Greene Candnea Ty and North Butte trade around 374. Sugar and molasses sections note U Ray sugar firm figures, muscovade at 2.89, granulated sugar at 6.15, molasses steady, and cotton prices firm with August cotton at 91. Hemp twing quoted at 7 and other listings indicate mixed movements across commodities and securities.
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Floods Lift Wheat Prices While US Drought Raises Corn Costs
In Chicago August 11, French crop damage from rains narrows the gap with U S wheat prices as imports rise. US corn climbs on drought fears with August futures trading up while oats and hogs show mixed movement. Domestic flour trade improves with reduced wheat receipts, and European markets reflect the weather-driven shifts in grain demand.
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City of Columbus issues bonds for bridge project
The City of Columbus Georgia invites sealed proposals for 399000 Four and One-Half Per Cent Thirty Year Coupon Gold Bonds to fund the construction of two concrete bridges over the Chattahoochee River at the foot of Dillingham Street. Bids due August 24, 1919, must include a 1% certified check and delivery on or after August 1, 1910. Bonds are tax exempt in Georgia and must be delivered in Columbus, with right to reject bids.
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