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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 10, 1913
Page
7
New York January 9 reports another sharp decline in cotton futures amid heavy selling and large ginning totals cited by census. Prices opened lower, then rallied briefly on shorts covering before hitting fresh lows. big buyers and straddles provided brief support while selling resumed and the market closed weak.
The ginners' report is read as broadly confirming government crop estimates amid selling pressure and late large buying. Traders anticipate lower prices despite some spurred demand from spinners, with liquidation and overseas selling cited in the context of general market weakness. Provisions and metals alongside currency and bonds show steadier tones in major markets, with notes on money rates and exchange.
Chicago and New York markets show a corn short squeeze with May corn up amid covering by bears. Wheat advanced on bullish export, oats and provisions also higher as traders reacted to firm cash bids and mill demand.
A dense price list from Atlanta markets and suppliers details numerous grocery items with quoted per unit prices, including teas, syrups, syrups, baking powders, cereals, cheeses, meats, spices, and condensed notes on dairy and produce. The record mimics a corrected catalog from Ugiesby Orogery Company with many brand-like entries and price points.
Naval Stores report from Savannah shows turpentine prices and sales up to 19 percent with receipts and shipments listed, Rosin sales at 3 712 with receipts 2 285 and various stock levels. Wilmington notes steady spirits turpentine at 30 44 with no receipts, rosin steady at 4 80 with no receipts, tar firm at 2 20 and grade turpentine at 3.00 with limited data.
John F. Black & Co reports January 1 ginning at 12 919 257 bales, Georgia surpassing government estimates by 66 009 bales. Market dips about 70 points from its high, but buyers step in. old crop months close 9 to 13 points lower, curb about 8 points higher. Liverpool futures 18 to come unchanged to 1 point down. Mining stocks cited in Boston with Arizona Commercial 31 16, Calumet and Arizona 70, Greene Cananea 0, North Butte 33.
New York stock desks reported a dull morning followed by a broad upward swing with gains of 1 to 3 points in many issues. Copper and petroleum shares led strength, Rubber hit a record high, and a $64 million convertible bond issue for Baltimore and Ohio was announced, signaling potential further offerings.
George Dixon aged 22 is held in Ware County jail on a warrant for attempted assault on a well known woman in the city. The alleged attempt occurred at a boarding house when Dixon tried to enter the woman's room through a window after she locked the door.
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