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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Aug 30, 1913
Page
3
New York August 23 The cotton market opened with heavy realizing losses and futures closed near steady after a day of selling. Government condition figures due Tuesday buoyed sentiment mildly. long buying remained restricted while holidays offerings drew bull support. Spot cotton quiet with middling uplands at 42.00 cents.
A crowded financial and commodities page recounts 12 hour outlooks, bond and stock notes, and central station mentions. It cites August market behavior in New Orleans with detailed price movement, shipping prices, and daily turnover across multiple sectors.
The report notes a cooler market with tepid demand and occasional frost risk yet hints at potential for a big crop. Prices drift lower in New York and New Orleans while Liverpool remains steady. Weather and crop reports mention August scare fading, with climate conditions shaping futures and weekly summaries from George and Colton.
Chicago sessions showed corn advancing on deferred options but finishing lower for September and higher for December amid pessimistic crop talk. Wheat closed modestly down with September leading losses. oats rose slightly and provisions gained. Bullish notes from a Kansas crop forecast and near month buying supported gains despite weak cables.
The report compares this week’s cotton supply figures with last year and the prior week, showing a drop in visible supply and total American cotton, with mixed movement in world and regional stocks. It lists commodity prices and futures for wheat, corn, and other grains, plus international notes on markets in Britain, Egypt, India, and the United States.
The report shows New York cottonseed oil futures firming with higher closes and notable price action. It covers market sentiment, forward curve shifts, weekly movements in U S ports, and comparative supply data for the period ending today, including totals to date and regional export movement.
Turpentine firm at 9 lo sales 1 welpts 14954 abtome 20 atwke 42000 Basin Bra sales-BBS 1 sevelpts 3480 euipmenta 221 etarke 17507T AB C and $100 EB 885 w $400 F G ung H $400 $202 bo Sil K, $10 M St dy N A510 we 3060 WW 5525
Clumsy OCR notes indicate cotton seed prices and garment demand in New York markets. Manufacturers resisted extended contracts, taking orders only at small advance payments, while mill agents had orders paused. A niche demand for China dong and special brands appeared, with overall volume small and spring requests for staples and suspend ribbing growing.
New York August 29 The cotton market has been very active during the past week with prices making new highs owing to unfavorable crop reports and broadening demand for cash. The high level was reached on Thursday after reports from Washington suggested the cotton futures would be altered by a tax reduction. Close today near the best. Weather in the southwest reduced August crop prospects. Government noon report expected to show 30 to 70 percent crop loss. Prices rallied on world spinners accepting lower crop views, with hopes for large East Belt crops offsetting Western losses.
Receipt fragment shows quantities for Butter esse cheese and poultry items. Mentions Kansas City August 29 and St Louis August 99 with figures for eggs, chickens, turkeys, ducks, geese, and butter creamery. Several nonsensical terms appear. main readable items include poultry and dairy product receipts and location/date hints.
New York investors faced a thinner session with weaker prices late in the day. Smelting, steel, and coal shares led earlier gains as some stocks retreated due to realizations and profit taking. Despite the dip, sentiment stayed hopeful with improved investment demand and bond offerings absorbing subscriptions while currency movements suggested a smaller cash loss for banks.
The report notes an apparent Yoe being cut to shouts of four million dollars as the bond market shows irregular activity. Poledo, St Louis and Western spurs rose five points then gave back the gain. Total sales par value reached 1 million 417 thousand dollars. United States bonds remained unchanged on call.
New York money markets show steady rates with a 2 percent ruling rate for commercial paper. Discounts and bills are mentioned, with notes on loans and exchange rates including domestic and sterling values, plus government and rail securities.
Reading of stock movements lists Arizona Canmerelsi 21565 Talumer and Arisa OS Greene Canenea 35 percent, with Serth Bure at 2815. The terse item presents a compact, numeric snapshot of mining shares and percentages in August.
The treasury starts August with a general fund balance of 190 635 DSS and total receipts of 99 304 408. The year deficit stands at 12 831 19h against a 49410% rate last year, with Panama Canal and related development transactions noted.
The London market shows gains amid better European sentiment with mixed signals from abroad. Markets in New York rise on easing fears while commodity prices slip and interest rates temper expectations.
Foreign finance notes describe Paris exchange rates and private discount rates for checks. Berlin quotes on London and private discount quotes are listed. Mentions various currencies, percentages, and dates such as August 20 and August 28 with figures for francs marks and dollars alongside bid and sale prices.
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