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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Feb 15, 1913
Page
12
New York February 14 reports a mixed cotton market with selling around midday and a late rally as buyers supported prices. Weak Wall Street currents and a softer census outlook pressured prices. later, gains faded with trading activity narrowing and volumes easing into the close.
Trading notes show turpentine firm around 43 percent with receipts and shipments, rosin steady near 800 dollars, and copper, lead, and zinc futures fluctuating in London and New York. Treasury and bullion activity reported mixed balances, with various currencies and discounts noted in Paris and London markets.
Chicago and New York market notes show Nebraska drought boosting wheat strength while corn and oats gain modestly. Reports cite liquidations and absorptions of offerings, with corn futures up and wheat delivering an upward bend amid western moisture concerns and delayed shipments.
New Orleans February 14 report shows movement declines versus last year and prior periods. Totals to date reflect reduced domestic and foreign takings, with world visible supply down year over year though U.S. and Canada activity shows mixed results. Export figures span the season through September 1, with several regional comparisons and stock levels noted.
Money on call rates at 4 6 percent with bid and offer near 60 day and 90 day terms. Mercantile paper around 5 percent. Gerling exchange steady with banker bills at 46410 for 60 days and 31 4 8730 for demand. Commercial bills about 429. Bonds and government securities show steady activity with dollar figures noted.
John F. Black & Co reports a weak morning in New York with a late-day slide and no real bull tone. Intermittent buying faded, prices fell from yesterday, and public interest remained low. Liverpool trades show cautious activity with overall declines across cattle, hogs, and sheep, while livestock receipts in Louisville and Denver reflect softer demand.
New York February 14 The stock market showed improvement amid renewed resistance to bear selling as copper shares weakened and Union Pacific and Steel led gains. Markets in London and Berlin were lower with some price shading but U S exchanges closed with small, irregular changes.
New York reports weaker prices amid renewed Wall Street pressure and bearish sentiment. Offers declined, while weekly figures show bullish monthly temperature and domestic consumption near 683 000 bales for January and cautious four month requirements. traders expect a potential price drop if supply remains high.
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