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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Aug 27, 1919
Page
8
The New York cotton market opened quiet with limited activity and small gains as Dec and Mar futures rose modestly. New Orleans reported early declines but bought back with a firmer tone aided by stock market strength. spot cotton in New York and Quebec trade centers showed limited movement amid favorable weather and tentative demand.
In a terse report from state headquarters, union officials read a plan to end the strike. Locals across Witnels studied a timetable with August 30 as a potential expulsion date for noncompliant members. A Chicago executive board meeting governed by the international union approved the move.
Spot cotton prices in Atlanta and major ports, with receipts, stock levels, and exports. Notable figures include New Orleans Middling at 31.00, Savannah 31.25, Charleston 31.50, New York 2.95, and Dallas 31.50. Totals show today receipts 6,520, stock 404,515, with weekly and seasonal aggregates. Weather note by J W Reed, observer.
New York and New Orleans reports indicate cotton prices firm on favorable weather and a 62.5 per cent condition from the National Ginners association. Dealers expect cover in coming days ahead of government updates on September 2. Market shown mixed with private weather notes and stock buying supporting late gains.
Chicago August 26 bear sentiment weighed on corn with prices easing to near session lows though oats rose modestly and provisions fell. Cash grain shows No 2 mixed corn around 1.60s, tracking Texas corn in northern markets. domestic demand remains active though car shortages limit movement. Wheat and oats showed firmer tendencies while livestock futures fluctuated in thin trading.
New York prices for Liberty bonds were listed with varieties and bid figures while sugar trading in New York showed a quiet raw market at 7.28 cents per pound for centrifugal and refiner, with Porto Rico purchases totaling 10,570 tons. Oxport from Cuba base shipments rise toward full refinery capacity by week’s end. Potatoes and Irish cobblers in Chicago and New Jersey showed declines and higher delivery quotes respectively.
New York trading rallied on Wilson's stance toward the railroad shopmen and living costs. Investors favored finance with broad buying of various issues while steels, motors, and food shares led gains. Bond lists held steady, par value sales $10,250,000 amid a general market shift driven by administration policy expectations.
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