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Newspaper

Atlanta Constitution

Location

Atlanta, Georgia, United States of America

Date

May 03, 1912

Page

9

Cotton Advances on Covering After Morning Pullback

New York May 2 There was further liquidation in the cotton market but less active selling after yesterday’s sensational break. Prices fell then rallied on covering and rain in the central belt, closing near the day’s best with a net gain of 4 to 16 points. Reports of unsettled weather in the west and rains in central sections supported late gains. Spot cotton was quiet with steady to slightly higher prices for various grades.

New York Yesterdas Liverpool Reaction Bts Unicaue Cabies Nver Saxioua Yenerda

Local Stocks and Roads Market News May 2

The cotton market opened weak with heavy selling by small traders but private reports of rain in Alabama spurred a late rally. July fell to 109.5 and October to 116.2, then recovered. the close was about 1 dollar above the bottom and 12 points higher than yesterday. Weather could drive further gains or fades in the next 48 hours. Sugar and molasses markets in New York were quiet with raw sugar firm at 89 test in Musso voto, 96 test for centrifugal, refined sugar steady, molasses price noted.

John F. Black & Co New York Alabama London Custom House St Louis Cleveland Gondoen Fieteant Codkson Tonia New Orleans Opeal Cross

Stock Favorites Were Very Active in Dull Session

New York May 2 The stock market opened dull though generally firm with limited public interest. Reading and United States Steel led activity while Amerikan Can surged higher than before. Reading rose to 111 7 8 aided by a short squeeze. Lehigh Valley and steel shares showed partial recovery. American Tobacco and Liggett and Myers declined amid Senate tobacco review talk. The day featured weak broader participation, with steel showing strength late in the session as reports suggested further gains in finished products. Bond market steadied and yields little changed.

New York Reading United States Steel Amerikan Can Lehigh Valley Steel American Tobacco Liggett and Myers P Lorillard United States Senate Trading Commission Pittsburg London New Forks Bank of Pacificcoast Penns Lvania, Steel Company Bond United States

Wheat Declines Amid Delivery Lags in Chicago Markets

In Chicago on May 2 wheat slumped as lack of delivery orders weighed on the market. July traded around 1.10 to 1.11 per bushel with several price declines noted. Corn followed, pressured by weak eastern demand and anticipated Argentine shipments. cash quotes for wheat and corn varied across grades, while futures showed mixed movement.

Financial Market Snapshot May Day Trading Mixed Prices

U S bonds stocks and money markets show steady to firmer tones with Treasury balance at 125.2 million and a 12.7 million year deficit. London and Berlin report reserve and currency shifts while commodities including copper and tin fluctuate, and London and New York exchange rates remain near steady levels.

Mon Xf Lind Exchange New York Byars Bankers

New Orleans Cotton Movement Shows Large Monthly Increase

Secretary Hester reports April movement of the cotton crop to close of April with substantial year over year gains. Across United States ports receipts total 11,444,818 bales. northern mills and Canada receive 881,520 bales. southern mills take 2,155,000 bales. interior stocks 282,822 bales. Northern spinners bought 291,911 bales in April, totaling 2,102,070 for eight months. Foreign exports for the eight-month season reach 9,705,437 bales. Stocks on hand and markets show 15,001,132 bales brought to sight by eight months. Liverpool market reports declines with various price levels and daily sales around 12,000 bales.

New Orleans Hester United States Mississippi Ohio Potomac Mills Canada Avaboard

Rice Receipts and Mining Stocks Reported May Day Markets

Rice receipts show 320 pockets clean 9 rough no sales. In New Orleans on May 2 reports mention Arizona Commercial, 3 13 16 talume and Arizona 72 Greene Cananea eight ty. North Butte lists 29. Market notes include mining stock references and price-like figures without clear transactions.

New Orleans Boston Arizona Commercial Talume Arizona Greene Cananea Ty North Butte

Also Mentioned on This Page

Galveston Houstor Gulf York Cotton Region Bulletin Atlanta Chettanoogs Gainesville Columbia Greenville Griffin Macon Monticella Rome Esburg Tallepoosa Toceca West Point Ington Charleston Eaxanneh Ee Slanta Montgomery Mobile Aerewe Memphis Toe Orleans Gustan Exci A &W Askad Atala Ata Nee Atl Tee & Coal Cor Ga. Ry . Elec Co Georgia M Fnland Laszey Chicago Kansas Argentina Ilinois Iowa Ini Park Kansas City New York Way Duluth Inet Tower Way Hubbard Bros. & Co Apianera Mississippi Valley Veraa Liverpool Cago Moras Park Louis Chicago Exchange Gales Bhondy Tees Mobile Bready Bavannah Wilmington Nortolle Baltimara Philadelphia Tezaz City Port Townsend Gulfport Anos Torala Alain Great Britain Havennah Augusta Memphis Cinelgnatt Treasury Washington Treasury Offices Philippine Treasury Panama Canal Bank of England France Berlin Imperial Bank of Germany Gondor Moon Navy Mario Sinons Amer Agricultural AM Chalmers Amer Tee Securities Armour &Co Atchison Adis Bmelling Regulantir Coast Line Ae Bot Ballimora Onio ST Amer Sugar Refining Baltimore Qhiv Southwestern Elan Peg Brooklyn Transit Central of Georgia Lads Mining Chesapeake Atchison Ohio Atlantic Coast Line Chicago and Alton Wytht Aga B Quincy Lerhichem Steelite Brooklyn Chiago Wil St P Canadian Pacific Hyate Pani Centre Leather Colorado Industrial Cental New Jersey Porado Midland Wu Chesapeake Ani Obes Colorado Hirag Altos Delaware and Hudson cv Western Denver Ftlo Grande Distillers General Electric Milneis Central Ist Delaware and Hudson Interborough Mettie Denver R Granite Inter Mere Deptd Adhe Aly al Bia Marine A Distillers Securities Ar Ny Erie Bay Kansas Bria Day Lake Pri Louisvane Nashville Missouri Texas Missouri Pacific Ilinois Central Menvico Stasha Interbonagh Met Inter NY Now Hartford Cy Fie Bia Harvester Hay Nortfalk Western Tatcon Inter Waris Aid Sty Northern Pacific WWF International AD & Jawa Central Kansas City Southern Oregon Msty de Pia A Penney Boa oTy Lacrede Gas Annie. de and Nash St Louie Minneapolis St le Ary Ste Maria North American United Staten Steel Northern Pacific H Virginia Chrofina Chemical Pacific Mall Wabash Pennsylvania Peoples Gas Ty Maryland Pittsburg Co St Mentinghouses Floriric Co Winconsin Central Pittsburg Coal Panama Pressey Steel Republic Steel Aly Ang Ang Sremiela Steel Ron Ag Southern Pacific Lz Southern Railway Tennessee Copper Texas and Pacific Toledo Sede Ana W Big Union Pacific Rubber Hay Utah_Copper Va -Caroling Chemical Giy Wabash BH Rapid Westinghouse Electric Western Union Tom Re Wheeling and Leehigh Valley Chino Copper American Smelting Pete USO Consolidated Gas Union Pacific Reading Lehigh Vailey Macid & CO Investien Bankers Got J. H. Hilsman & Co Hester’s Monthly Tiverpool Bnas Rip Savannah Norfolk Texas City Tevene Houston Memphiia Ee Little Rock Cincinnacia High Grade Municipal Railroad and Public Service Corporation Harris, Forbes & Co N. W. Harris & Co Pine Street Corner Willam New York John C. Wheatley Fourth Note Bank The American Audit Company Home Office Roadway New York City F. W. Lafrentz Theo Cochend, JR V. Pres Sec’y—A. F Waldorf- Astoria Boston—Exchange Maison Blanche Keyser Building Richmond American National Bi B. Bidwell C.P. Telephones Fourth Nat Bank Marquette Bellesue-Stratford SAN _ FRANCISCO—Western Metropolia Bank Builiding England EC 50 Gresham Street Bank Fourth National Bank Cable Amdit Hillyer Trust Co Phiniy Calhountas Floyd Atlanta National Bank Foreman Mutual Benefit Life Insurance Company Mitchell C. King John Morris Keely Company Jack J. Spalding DR. J. S Todd Henry Hillyer Frederick J Paxon Davison WM. Hurd Hillyer Herbert L. Wiggs Samuel Nevins Evins & Spence Capital and Surplus Hillyer Trust Building Peachtree St Sotton Exchange New York Cotton Exchange New York Coffee Exchange Fereen O Corn Exch Bank Sharebee
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