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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Oct 16, 1913
Page
4
New York October 15. The cotton market steadier on covering and trade buying with net advances of 2 to 10 points. Offerings less aggressive, buying spurred by cooler southwest weather, lower cables, and active trading from large spot houses. Spot cotton quiets middling uplands at 13.50, sales 10 bales.
Across ports the market shows mixed nerves with New Orleans steady while other centers report receipts and exports to Britain and continent. Analysts note dull trading, some price dips, and blended demand as private crop estimates hover around 13.5 million bales.
Liverpool spot cotton shows fair demand with prices easing across grades led by middling at 7.30 and good middling 7.48. Reports note 8,000 sales including 6,900 American, with futures steady and receipts around 72,000. Weather affects oil markets with Tatton seed oil showing losses and driving 20,780 barrels sold. weather remains cool and variable across the region.
The report cites mixed commodity movements with cotton easing and bear-led wheat selling. Corn oats and provisions fall margins widen as tariff fears press prices, while cash wheat and corn prices vary across cities. Continuous receipts and primary movement show shift toward lower levels amid ample supply and weak export demand.
A corrected listing from Atlanta shows varied prices on groceries and meats. Items include diamonds oak leather, Red Rock Syrup, Cottolene lard, Diamond flour brands, Cornfield ham and pork products, and assorted spices. beef and hog quotations follow, with market steady on cattle and hogs though tops may ease. Also noted are mining, yarn, turpentine, and treasury figures from different cities and markets.
Hubbard Bros Co New York reports mixed Liverpool market action with a quieter spinners bid aiding 12 to 16 point advance before a late pullback. Spinners with ties to large mills supported a rebound, hinting at absorption of heavy Atlantic state offerings if demand persists.
In New York markets October 14 the tone steadied with spot buying noted and Well feet purchases, despite weak cable data. Weather forecast calls for cooler west. close higher by 9 points. Chicago grain and livestock receipts shown with varied declines and steady to lower prices across cattle and hogs. London money tight but stock exchanges settled. copper shares weak on Paris pressure while New Zealand debt seen by some as favorable to gilt-edged issues. Rice and produce markets in New Orleans report strong rough Honduran and Japan prices with steady to rising bids.
New York October 15 stocks rallied for a time reversing some Tuesday losses caused by weakness in Southern Pacific and Canadian Pacific. Final hour selling wiped out much of the recovery as traders shifted. London and Berlin markets were mixed and local money rates hardened slightly on demand for short-term loans.
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