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Newspaper

Atlanta Constitution

Location

Atlanta, Georgia, United States of America

Date

Oct 26, 1909

Page

3

Market Sharply Up In Cotton. Prices Hit New Highs

New York October 25 market activity in cotton surged as bullish census figures and frost reports spurred buying. Prices rose early on Liverpool strength, then advanced further on southern and Chicago support, with December and May futures posting season highs. Exports for the day exceeded receipts, New Orleans and other ports reported heavy shipments, and spot futures closed with gains amid ongoing demand from spinners and shorts.

New York Liverpool Southern Chicago Bull Commission New Orleans Exchange New Orleans Flouston

Cotton Ginned Totals and By State Compare 1908 to 1909

The Agriculture Bureau reported 5,525,591 bales ginned from 1908 to Oct 18, with Alabama 613,836 and Georgia 3,112,700 among states, alongside 87,854 round bales and revised national totals to Sept 25. Coffee futures opened steady and rose on bullish cables, closing higher. Sugar and molasses prices held firm while naval stores and turpentine markets showed mixed levels across several Southern ports.

Washington Thea Cen Sua Alabama Arkansas Florida Georgia Louisiana Mississippi North Carolina Oklahoma South Carolina Tennessee Texas Bea Island Bureau Ginnery New Orleans Galveston

Opening Prices Rise On Frosts Hit Eastern Crops

Argo Jester New York reports an about 20 point advance in opening prices driven by strong cables and frost warnings in the eastern belt. The October 18 forecast shows only modest changes, while late reports hint at a drop as harvest nears completion. Prices firm about 14 cents, with expectations of further broadening and a notable rise from current levels. Liverpool is expected 5 to 6 points higher.

Argo, Jester & Co New York Thel Cenaus Liverpool A

Visible Grain Supplies Reported for Oct 23

New York on October 25 publishes the visible grain supplies as of October 23. Wheat stands at 26,660,000 bushels, up 580,000. Corn at 3,360,000, down 134,000. Oats 12,747,000, down 633,000. Rye 5,619,000, up 53,696. Barley 3,987,000, up 10,000.

New York United States New York Produce Exchange A. P .Morgan Grain Co Atlanta L. Hay Tennessee Ht Chicago Timothy St. Louis Kansea

London Stocks Rise on Covering Demand and US Leads

London stocks moved higher after a firmer opening as U S securities led the advance with Union Pacific United States Steel and Canadian Pacific among the risers. By midday values were firmer and New York buyers supported a steady close with a hardening tendency. Consols quoted at 87 16 for money and 82 1/2 for 4 1/2 percent. London markets also noted solid money and exchange rates with mercantile paper at 5 to 5 1/2 percent and kerb exchanges easing. Grain markets in Liverpool showed steady wheat and dull futures with December at 78 1/2 pence per bushel.

London American Securities Union Pacific United States Steel Canadian Pacific New York Iutmola Central Louisville and Nashville Southern Railway Money and Exchange Prime Mercantile Steking Exchange Kerbila Liverpool Galveston Agricul Allis-Chalmers American Tobacco Aby Armour & Co Atchison General du Cy. Bs. d Baltimore and Ghia & Whofa Tebac Pfd Brooklyn Rapid Transit Central of Georgia Anaconda M Co Atchison Central Leather Central E. R. of N Chesapeake and Ohio St. P. Gen R. R. Col Tt Central of Chicago Colorado Erle Bid Ag Denver Illinois Centra Do Interborough Bid Distillers Inter. Mere. Marine Japan Kansas City Lake Shore Gen Electric Louisville and Nash Kan Texas Great Northern Do General Oreatia Missouri Pacific Iwinois Nat'l Rys New York Central Ark Internet Inter N. H Norfolk and Western 1St Con Internat Aocy Town Central Northern Pacific Kan City Gregeon N Do. Pd Pennsylvania Cy Minn St L Reading General St P St. L San Fran Sault St M Missouri Pac Do. Pia i Nat'l Biscuit Seaboard Air Line 4A Nat Southern Pacific Col Nat'l Rys of de Cy Norfolk and W Northern Pac United States Rubber Pacific Mail United States Steel 2d Sa Pennsylvania People's Gas Virginia-Carolina Chemical Pittsby, CC Wabash Pressed Steel C Western Maryland Pull Pal Co Westinghouse Electric Ry Steel Spring Wisconsin Central Aoe Republic Steel Do. P Rye Rock Island Co St Land San Fran Steel and I. So Gay Southern Pac Southern Ry Tenn Copper 2 Texas and Pac Hay Do Steel Saksi Utah Copper Westhouse Western Union Wisconsin Cen Bro Mda Amalgamated Copper Ghesapeake Ohio Milwaukee St. P Miscouri Kansas Reading Rock Island Southern Pacific Boston Arizona Commercial Butta Coalition Calumet Arizona Greene Canpanea Nevada North Butts

Treasury and international market snapshot

Treasury begins business with funds totals across trust and general funds including gold coin and silver dollar reserves. Foreign rates show Paris and Berlin closing exchanges and Bank of England bullion activity. London bullion and American eagle prices cited, with German bank balances and currency notes noted. Wool markets in St Louis report firm prices across several grades.

Treasury Washington General Fund United States

Foreign Money Rates Show Relaxation In Markets

In New York on October 25 prices rose as foreign money markets relaxed. expectations of rate rises by the Imperial Bank of Germany and the Bank of England faded, while the Bank of France was seen as capable of easing tensions. Gold moves from New York to Brazil and Canada reassured sentiment, with copper weakness in London not dampening New York copper securities. The U.S. Steel quarterly report and bears’ cover influenced a partial price recovery amid irregular bonds and mixed grain quotes.

New York Imperial Bank of Germany Bank of England Berlin Bank of France Gold Ag London Brazil Canada United States Steel Quarterly Report United States

Metals and grain markets mixed with copper and tin declines

The report shows futures and spot prices for copper, tin, lead, and related metals in New York and London with weaker copper and tin tones. Grain terms note corn and receipts, while local bids list No. 1 foundry and regional price levels, reflecting a cautious market tone across commodities and deliveries.

New York Standard New York Metal Exchange London East St. Louis Wae & Shade Cleveland Foundry Northern Southern Southern Post

Also Mentioned on This Page

Aleng Fojay Oser Ldoennts Tiverpool Hubbard Bros. & Co Ievela Ruston Census Bureau C. F. von Horrmann Havre Europe Market la Ter Wall Street Vial la Cordova Naval Charleston 8. C Tur Rosin Savannah Sant Wilmington N. C Ement Cotton Region Bulletin Tatione Qig Chattanooga Columbus Gainesville Greenville Griffin Clear Macon Monticello Newnan Spartanburg Tallapoosa Toccoa West Point Weat Point Durant Okla Waynesboro Misa Thavy Frost Yazoo City Mias Holdenville Stillwater Tulsa Augusta Houston Little Rock Memphis Mobile Ua of Montgomery Vicksburg Mobile Norfolk Baltimore Philadelphia Jacksonville Great Britain France Continent Recotz Les Bready Louisville Saae Nis New Hie al EA Brill Aus Paris St Louis Duluth Swift J.H. Hilsman & Co. i Empire Oregon Equitable Savings & Loan Association Portland Pacific Coast East Lake Pewar & Hardy BELL W. Aikama American Audit Company Home Office Br Iway New York City F. W. Lafrentz Theo Coohey, JR V.pres Sec'y A. F Fourth Nat'l Bank Marquette Bellevue-Stratford San Francisco Claus Spreckels Eng Gresham Street Bank Fourth National Bank Cable Addrem Amdit New Yorkney Alonzo Richardson & CO. Certified Public Accountants Empire Building Atlanta, Georgia Argo, Jester & Co., Commission Merchants New Orisons Cottom Stocks Crain Hillyer Investment Co Candler Bldg Southern Exchange John W. Dickey He. D.cothran Carondelet St New Orleans, LA Robinson-Humphrey Co Newspa
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