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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jul 11, 1909
Page
6
New York July 10 the cotton market opened firm gaining 8 to 13 points with active months posting new high records on bull support and weather concerns. Prices stayed near the top as futures and spot activity remained strong in New Orleans and Galveston with heavy week totals and rising receipts.
New York markets eased as speculative hopes for recovery faded. Trading was torpid with irregular price moves amid tariff talk and currency signals. Railroad earnings and bank liquidity reflected in cash gains. bonds stayed erratic while cotton and wool markets showed mixed to steady activity.
Atlanta July 10 market notes show glut from excess receipts and wet weather, with slow demand keeping values low on many fruits and vegetables. Lemons, peaches, and pears face varied futures. oranges sell fast in California with limited supply. bananas and grapes scarce or poor. Coffee futures in New York steady to firm with supply shifts. Manchester cloth market cautious amid higher cotton. Metals and mining stocks steady. New York exports and New Jersey imports report weekly totals in late June to early July.
Chicago wheat and corn futures strengthened as renewed winter rains in the western belt delayed harvesting. July wheat rallied to as high as 2% intraday gains, while corn saw active buying by bulls near September delivery. Cash prices and receipts were reported across Chicago and other markets, with varied yields and imports noted.
New York on July 16 reports molasses steady with New Orleans open kettle quality good to choice at 28 4 percent. Raw sugar steady with raffinished ranges noted. No 6 3 No 7 No 8 around 4.26 and 4.20 for No 4.20 to No 10 4.1. Other sugar grades listed with refined and confectioners items, sugar forms and similar pricing across the board.
Money in call nominal with Time loans quiet and at a 4 day rate of 2 percent. For ninety days 3 percent, four months 3 percent, 2 percent. Paper mercantile bills 3 to 4 percent. Sterling exchange weak with bankers bills at 4 dollars. Rates for sixty day bills and at a are 4.8770 for demand.
Ledger lists varied groceries and prices including rice, soap, canned meats, flour, and condiments. Grain futures and flour rates across New York Chicago St Louis are given, with multiple brand names and case prices, plus regional fruit and produce quotes and dairy prices.
Market report from Georgia Fruit Exchange Atlanta lists prices for lard short ribs and sides. It cites New York and Philadelphia sales, with numerous Georgia towns like Forsyth Marshallville Milledgeville and Barnesville reporting ranges from about $1.15 to $2.50 per unit. Shippers note shipments to various eastern cities and held lots at Potomac Yards.
Berlin reports exchange on London at 20 marks 44% pfennigs for checks. Private discount rate 245 percent. Closing: Three per cent rentes 97 france 67% centimes for the account. Parts July 10. Exchange on London 25 francs 18% centimes for checks.
At a noon meeting the general council formally adopted the city registration list for electing an alderman in the eighth ward. The registry shows resignations and ward tallies, with Frank P. Rice as the sole announced candidate for the eighth ward, likely to win without opposition. Election date is July 1.
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