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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jul 27, 1910
Page
3
New York reports a severe stock market selloff with heavy liquidations and little banking backing. Prices plunged to levels not seen since early 1900s turmoil as lenders tightened, while the money market eased briefly and several heavy issues dropped 3 to over 13 points.
Paris reports closing exchanges with franc and mark rates for checks and London transfers, while Berlin lists London exchange rates and private discounts. Liverpool cotton market shows dull spot with prices across grades, daily volume around 3,000 bales, and futures opening and closing ranges for July through March contracts.
New York July 26 cotton markets show old crop liquidation sending prices down with July and August futures dropping as weather and demand weigh. Mixed activity at New Orleans and Houston ports alongside weak stock markets and thin buyer interest underscore a broad decline, while new crop months show smaller losses amid late-day fluctuations and weather easing concerns. Warehouse receipts and weekly receipts from ports are reported, with lingering selling pressure and limited improvement as trade evaluated conditions.
Money on call easy at 1 2 percent with bidding and offers near 1 percent. Time loans firm 60 days 3 percent 90 days 3 percent. Primo mercantile paper 54 6 percent. Sterling exchanges barely steady with bankers bills around 84.55 4 84.60 for 60 day bills and 45.50 for demand. Government bonds steady, railroad bonds weak. Weather notes report 100 degree highs in some localities and mean temperatures ranging 74 to 80 in the east central west regions.
Chicago July 26 grain markets closed with net losses as wheat corn and oats fell amid heavy receipts and rains in the corn belt. Foreign buying and Pacific coast imports, plus Indian and Russian selling, pressured prices while July options held steadier. Cash wheat remained steady with various futures concluding lower and hogs and lard showing mixed moves across major markets.
The treasury condition at opening today shows a total general balance of 20,287,117 dollars. The fragment notes section indicates 408 Oliver Avenue as an address context for the amount.
Weather summary notes precipitation across the cotton region with no rainfall in parts of Texas Oklahoma Tennessee Arkansas Louisiana and Alabama. Weekly totals ranged from light to heavy, Montgomery recorded the greatest at 6.60 inches. several areas in Texas Louisiana Alabama Georgia Florida and the Carolinas saw over 2 inches. The mean temperature was 74 degrees.
London stock list shows American securities opening fractionally above parity then drifting as selling and realisations mount. Markets across commodities record weakness in cotton and wool while rice and copper react to mixed external signals in a day of subdued activity and dull closes.
The report lists spot and futures for multiple items including tin and lead with prices in dollars pounds and pence. It notes quiet trading in London and local foundry scores with various grade quotes and bids across several markets.
New York July 28 corea futures opened steady with declines of 5 points in late trading. Offerings at Theta tac were not large yet late support appeared as inter cable prices abroad stayed weak. Local demand eased with some liquidation and selling amid stock market weakness. Close showed a 6 point decline. sales reached 24 750 bags.
Naval Stores at Savannah and Charleston show steady prices with varied receipts and stocks. Spirits and rosin hold steady in Wilmington with modest barrels and prices, while crude turpentine firm at $3.50 to $3.60 with mixed receipts.
Bradstreet's reported changes in supplies show Wheat: US east of Rock decreased 13,000 bushels and Canada down 633,000. US and Canada total down 1,444,000. Afloat for Europe fell 1,000,000. Corn down 1,246,000 and Oats down 632,000 in US and Canada. Reading leads Fort Worth with a 156,000 decrease.
A corrected grocery list from Oglesby Grocery Co of Atlanta Georgia dated July 25 lists coffee buckles sugar salt and other staples with prices per 100 pounds or per case. Items include coffee 416.60 per 100 pounds, sugar 5.70 per 100 pounds, salt 60e per 100 pounds, Ivory soap 4.60 per case, and flour receipts and shipments noted.
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