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Newspaper
Atlanta Georgian
Location
Atlanta, Georgia, United States of America
Date
Dec 09, 1912
Page
5
Fragmentary copy reports December market activity with price changes and trading contrasts. Mentions totals around 11 844 and shifts since Saturday, with references to Hoopes, sales comparisons, and crowd dynamics at local stations. Contains unclear names and places due to damaged text.
Stocks move at New York open with Utah Copper among the few features. The issue opens at 31 8, a loss of about 1 percent for most of the day. Other leaders slip and regain slight footing as Amalgamated Copper and Sugar show little change while several industrials hover. London trading remains irregular with limited guidance from ring movements abroad.
The notice describes ships burning oil and carrying merchandise to and from Los Angeles, referencing the Ninth Anniversary Los Angeles Examiner. It mentions canal routes, shipping to United States or Mexico and foreign points, with order details and a mailing note.
A Washington report outlines snow flurries tonight and Sunday across the Great Lakes region and the upper Ohio valley. Temperatures fall in northern and eastern Gulf states while the south Atlantic coast sees warmer Sunday. General forecasts list rain and colder spells across Georgia Virginia North and South Carolina Florida Alabama Mississippi Louisiana Arkansas Oklahoma East and West Texas with frost or freezing in northern areas.
Saturday's high 65 and low 58 in Atlanta with mean near 61. Rainfall over the last 24 hours measured 0.32 inches, matching the month total 0.32 and bringing the year-to-date excess to 15.99 inches. Normal and exact values are inferred from the fragmentary data.
Quotations for beef cattle, lambs, sheep and hogs based on weekly purchases. Beef steers and cows list by weight and quality, with prices from good to inferior grades. Hog prices vary by type and weight. market steady with light hog receipts and slight gains for light hogs.
An advertised notice states the South Atlantic Limited will depart Atlanta at 7 12 a m effective Monday December 9, replacing the previous 6 55 a m departure. The train serves Knox ville Cincinnati Louisville and beyond via the Louisville and Nashville railroad.
An advertisement proclaims the Montgomery theater offers the best and cleanest moving picture show in the country. It emphasizes years of experience and high-class productions with notable stars, stressing quality over receipts.
Effective Sunday December eight the Bue Ridge accommodation via the Louisville and Nashville railroad will leave Atlanta at 4 45 p m instead of 4 05 p m Returning Monday December nine this train will arrive at Atlanta at 10 05 a m instead of 10 55 a m Advt
Notice states Train No 94 Dixie Flyer leaves Atlanta at 8 am now instead of 7 42 am while Train No 73 Rome Express arrives at 10 20 am rather than 10 05 am All other schedules unchanged C E Harman General Passenger Agent Advertisement
Western and Atlantic Railroad announces a schedule change effective Sunday December 8 1912 Train No 4 Dixie Flyer will leave as scheduled and arrive Atlanta at 10 20 a m Co E Harman Adv.
Weak Liverpool cables opened the cotton market barely steady with first prices near last night. Buying movement followed Neil of London’s estimate placing the crop around 13,900,500 bales, but traders awaited the census report and anticipated around 12,000,000 to December 1 with a 14,500,000 bale cap. Close steady to slightly higher. spot cotton fell 0.11 pence to 6.88 pence per pound.
New Orleans wires report Liverpool futures down but spots off 11 points as spinners buy for daily needs. Market sentiment remains bullish on anticipated small government estimate next Thursday. Memphis cites 18 986 000 as average crop guess while New York hesitates amid weak stock markets and tariff revisions. Ginning figures expected large. market holds steady near opening levels.
Atlanta to Louisville show varied cotton middling prices with steady or quiet markets. Notable levels include New York 13.75 and Philadelphia 18e, while Southern cities list values around 12 to 13.5 cents with several markets steady or nominal for Wilmington and Baltimore.
Secretary Hester reports a rise in cotton movement into sight for the latest week, with 643,471 bales brought to view and totals for the season reaching 7,794,000 bales. World visible supply stands at 5,738,934 with American cotton accounting for 4,811,934, while spinners worldwide have taken 4,334,000 bales this season. The data compares with last year and 1909, reflecting stronger market activity across northern and southern mills and imports from foreign spinners.
News from New York and southern hubs shows a holiday week tempering trading as spinners provide late support. Pell interest swings from bear to buy while January cotton contracts grow scarce. Texas yields are pegged near 5.9 million bales and Oklahoma around 1.25 million with picking pushing into January. Weather notes from Amarillo to Galveston indicate clear to freezing conditions with rain in central states.
New York December 7 Northern Pacific and Chino Copper led early gains as the stock market opened with an irregular mix of advances and losses. Amalgamated Copper, American Can, American Car and Foundry, and other issues posted fractional increases while several names showed declines amid scattered trading.
The New York Associated Banks report for the week details declines in cash reserve by 73,550 and loans by 31,125,000, with net deposits down 35,236,000 and circulation down 100,000. Specie rises 429,000 while legal tenders fall 518,000. reserves increase 8,073,150 as the aggregate changes reflect a tightening banking position.
New York December 7 reports a rumor amid stock market decline that a seat reportedly sold for 52000, though no formal announcement has been issued.
Wheat and oats hold steady as May wheat at 96 1/2 to 96 3/4 cents and No 2 red at 1.06 1.07 f o b. corn and rye show nominal or dull movement. barley quiet. hay steady ranging from 1.05 to 1.15. flour dull with varied patent and straight prices. beef steady at 24 to 25 dollars. pork quiet at 19.25 to 19.50. tallow quiet with city hogsheads at 6 4 14 to 6 6 1/2 cents.
Atlanta markets list fresh country eggs at 33 35 cents per dozen and butter from Jersey and creamery blocks. Dressed poultry prices for hens, fries, roosters, and turkeys vary by weight. Fruits and vegetables show lemons, bananas, cabbages, lettuce, and other produce with crate and per-pound prices. Provision market covers hams, lard, jellied meats, bacon, sausages, and canned items from Cornfield. Flour, corn, oats, hay, seeds, and feedstuffs listed with per-bushel, per hundredweight, and sack prices.
Wheat slipped a fraction on Liverpool weakness as traders awaited messages from Broomhall. Wheat cash activity was light with 60,000 bushels in interior milling trades, corn 55,000, and oats 131,000 bushels. Hog receipts rose 24 cents and hogs held steady while rest of grains followed wheat’s drift downward.
Market notes show wheat closing unchanged to 4d lower and corn slipping by a small fraction. Trading sentiment and regional factors influence grain futures as buyers wait for fresh cues.
Market report lists grain bids for December including No 2 red wheat 90 to 98 cents No 2 hard winter 86 to 88 cents No 3 hard winter 83 to 86 percent No 1 Northern spring 87 to 87 and No 2 Northern spring 85 to 86 cents Also No 3 spring 81 to 83 cents corn bids No 3 46 to 46 percent No 3 white 46 46 percent No 3 yellow 46 to 47 cents with other white and yellow varieties and standard at 24 24 cents a bushel
New York reports coffee steady at No 7 Rio spot 1444 14percent. Rice steady domestic, various grades. Molasses steady New Orleans open kettle. Sugar steady raw and refined with multiple grades listed including standard granulated 4.95 and diamonds 4.90. Prices reflect cateogries from muscovado to confectioners and cubes to powdered.
In Chicago on December grain markets traders note short selling is unattractive as prices are not low enough to trigger shorts and not high enough to prompt buying. December wheat corn and oats short interest has fallen sharply over two days as early week buyers take profits. Some big houses remain bearish while a few bulls call for limited rallies. King of Toledo cites Michigan December crop at 90 with last year 86 and July 58, with 5,250,000 bushels produced. Farmers sold 2,250,000 bushels of wheat in four months. December deliveries amounted to 36,060 wheat and 15,000 oats.
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