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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Nov 27, 1913
Page
4
The cotton market moved within a narrow range as bearish crop estimates and easy cables pressured prices. A late rally failed to hold with Whit month notices seen near 15,000 bales and spot quotes easing across regions before closing lower by 1 to 7 points.
Hubbard Bros. Co New York reports a dull market on the day before Thanksgiving with few notable features. Crop estimates appear in the guessing pool at about 14.1 million with letters included and 14.3 million. Liverpool shares were quiet with hedge selling and free offerings. New developments are awaited and forecasts by prominent financiers dampen confidence.
Estimated port receipts for Thursday show Galveston at 19 500 to 21 500 and New Orleans at 1 916 to 26 500. Comparisons from last year indicate Galveston handled 30 167 and New Orleans 13 etc.
A sweeping summary of commodity futures and spot markets reports from New York, Savannah, Wilmington, St Louis, Chicago, Kansas City, Louisville, Baltimore and Liverpool. It covers December coffee and sugar futures, carton seed oil, turpentine and rosin prices, treasury balances, live cattle and hog receipts, and wheat and corn quotes with open, close and range data, plus regional stock and delivery figures.
Gibert and Clay New York reports Liverpool prices fell amid moderate liquidation with a 10 point decline. A marginal demand improvement for Marsh pushed values up about 16 points near 90. Maresh and May delivery trade seen at 18 cents, with supply and demand fairly balanced as offerings ease.
November 26 report notes a dull market with Liverpool weaker at opening but an improving undertone and steady close. Tomorrow only Liverpool opens with near unchanged expectations. Cotton pricing hinges on southern marketing. if southern push fails, prices fall. if they hold, prices rise.
London trading opened with limited demand as discount rates weakened. The market showed early strength but profit taking trimmed gains, leaving most sections with a firmer tone by close. DeBeers and Koffirs weakened while American securities opened quiet and rose before retreating, with New York midday activity fading to a quiet finish.
Sugar and molasses prices move in a steady to active range with raw sugar and refined sugar steady to 4.89 for molasses. Honduras and Japan rice futures quoted, receipts and sales figures given. Market tone remains strong in New Orleans with rough Honduras at 4.75 and Japan at 4.50.
Wheat eased, oats fell about 4 percent, corn and provisions mixed as market moved on holiday trading. Harvest reports from Argentina and frost fears influenced sentiment while Russian crop estimates and European rye shortfall provided support. Hog price gains helped curb oats liquidation and elevator buyers absorbed offerings.
London and Paris cite censors for money and consors for accounts with 741 percent and 73 15 figures. Bar silver steadies at 7s 4d, money 41 41 percent. Short bills discount at 66, three months at 4 percent. Paris lists 86 francs 86 centimes on rentes. Berlin notes exchange on London at 20 marks 60 page, private discounts granted by percent.
In Savannah on November 26 Mr and Mrs Joseph Pierce eloped after the bride Miss Stelen Creech faced her mother's bitter opposition. Locked in an upper bedroom, the bride escaped by sliding down a second floor pipe and fled with her groom to Pooler then Dawson by motorcycle escorts.
The University club hosts an open house today from 10 to 12 for Clemson alumni and students attending the Clemson Tech game in Atlanta. Approximately 150 Clemson students arrive by special train with band and supporters. The Atlanta Clemson Alumni chapter offers a loving cup to the team if they win.
Special Thanksgiving services will be held Thursday mornings at 11 o clock with Dr Dunbar Ogdeny delivering the sermon at the Central Presbyterian Church.
A corrected ledger lists numerous grocery items with prices including axle grease, cheese, sodas, flour, lard, sugar, and olives. Also reported are Atlanta live stock prices for steers, cows, heifers, hogs, and pigs from W H White of the White Provision Co with notes on market trends and top prices in Tennessee stock.
Edwin P. Anstey to auction the F. M. Stocks property between Nelson and Peters streets in the Terminal station district. Rail frontage near Southern, Central, and Atlanta Birmingham tracks offers direct shipment to all points. January plans for a six story concrete building adjac ent to the lots may boost value and attract strong interest from manufacturers seeking convenient team tracks and freight access.
Brunswick, GA November 26 Special. W F Davis in Glynn county jail charged with murdering his wife has asked for a preliminary hearing through his attorney. No date set as Solicitor General Thomas cannot attend until next week. A key state witness has been found whose identity is kept secret but is expected to clarify the case. Preliminary hearing likely mid next week.
B M Arthur, a Brunswick newcomer from Eastman, married one night and arrested the next morning on a bond forfeiture charge. His father from Eastman rushed to help, and the couple departed on their honeymoon despite the arrest.
Union City Ga November 26 A special meeting of the Woodmen of the World initiated a class of 24 members the largest in the county This session aimed to qualify new members for the log rolling at Columbus on Thanksgiving with many locals expected to attend
New York traders reported a dull narrow session with prices slipping slightly after yesterday’s uptick. Money markets showed tighter conditions, gold shipments to Canada surged to 4,350,000 dollars, lifting total movements to 10.7 million. Further outflows raised San Francisco reserves by 0.5 million to 3.4 million, while steel makers faced pessimism and large layoffs. Bond activity was uneven as United States Steel saw steady call prices.
In Boston trading on November 26 mining shares were mixed with Calumet and Arizona at 14 dollars, Greene Cananea at 28, North Butte at 8, and Arizona Commercial at 4 percent. In New York listings on November 26 petroleum and hides were weak, while leather stocks showed firmness.
New York reports mixed vegetable and poultry prices with receipts. butter and potatoes mostly steady while poultry gains. Chicago notes higher poultry and dairy prices. St Louis and Kansas City show varied poultry and butter figures. Overall, regional markets show uneven movement across produce categories.
New York money and exchange rates show a 41 cent firm for solvency with 5 rating, 1 percent GA. Time loans target sixty to ninety days at 4 percent. Prime mercantile paper at 6145 percent, exchange weak for sixty days around 4.81. Money market closing at 4 percent demand, 4.8520, and commercial will 4.80 percent. Bar silver at 58.35, Mexican dollars noted. Government bonds steady while all-road bonds appear irregular.
Metals trading notes show copper firm in New York spot and futures, tin steady, lead steady, spolter quiet, antimony dull, iron quiet. London closes with copper futures and spot quoted, tin and iron activity limited, Cleveland warrants listed.
Dry goods report from New York notes staple cotton millinery opening planned for December 1 and brisk early fall 1914 underwear lines. Cementa embroideries for spring show steady demand while worsted yarns stay quiet and cotton yarns dull.
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