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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jul 02, 1913
Page
7
In New York the cotton market stayed quiet with a wide intraday range and finished near the previous night. Prices closed with a modest gain for futures while spot cotton held steady with mids around 1240 for middling uplands and 1269 for middling gulf amid 14,960 sales.
New Orleans market opened narrow with light business, professional trading steady. American arrivals and weather conditions limited activity while prices showed minor advances. spot values held firm with various grade quotes around 12 1/2 to 13 1/2 cents per pound and industry notes citing political tension affecting market direction.
Chicago and other markets show wheat prices easing on cooler NW showers yet overall declines in corn and oats persist. Wet harvest fears linger, primary receipts surge, and hog and cattle futures reflect shifting demand while cotton and coffee also move with weather and global cues.
New York July reports show reduced wheat and corn stocks in United States and Canada, with overall U S and Canada totals down about 254,400 tons. European supply falls further, and afloat cargoes to Europe drop 700,100 units. Antimony and other staples noted with variable prices as markets shift.
New York July 1 The stock market edged up in parts of the list amid fair gains in Harriman interests and Copper shares while Union Pacific and Canadian Pacific showed notable resilience. Bear selling pressured bonds and large issues, with government bonds trading at depressed prices.
Fragmentary Treasury statement notes the United States finances at fiscal year start with general fund totals around 1.059 billion dollars and a referenced surplus of 0.934 billion last year. It mentions losses and disbursements including Panama Canal and public debt transactions, with specific recon counts and unidentified figures.
Money and Exchange items report steady call money at 1 percent with bids around 1 2 percent, closing bids at 154 offered 2. Clearing rates show 60 day bills at 2 3 4 percent and 34 4 percent for other periods. Spring exchange remains steady with actual business in hankes. Government and railroad bonds show weakness with railroad bonds steady. Silver and Mexican dollar values noted.
London traders faced a cautious session with the market showing weakness then closing steady. Canadian Pacific led advances while Wall Street fed indecision. money markets remained easy with moderate rates. Bullion moved £16,000 into England as shipments to France were withdrawn.
The list details wholesale meat items and live cattle quotes with prices for corned beef, pork sausage, lard, and assorted staples from Corafield to Diamond brands. It reports steer and cow weights and prices, plus notes Tennessee cattle arriving for Atlanta packers at top figures, reflecting a robust but uneven market for fat cattle and processors.
Fragmented OCR notes show July 1 market summaries across New York and Cincinnati. References include butter creamery prices 26 and 25, cheese 2010, poultry counts, flour values around 1300, 1750 and prairie 200, with receipts 20,386, and various packaging and grade terms. specific figures are inconsistent.
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