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Newspaper
Atlanta Georgian
Location
Atlanta, Georgia, United States of America
Date
Jun 25, 1913
Page
3
Chicago reports a broad market decline in spring wheat and corn with improved rainfall across the U S last 24 hours. Wheat futures fall while cash quotations in Chicago show mixed to lower prices across various grades. The Liverpool market weakens on favorable overseas weather amid sharp receipts in North America and Winnipeg.
Liverpool June 25 Wheat opened ½ to ¾d lower. By 1 30 p m the market was ½ to ¾d lower, closed ½ to ¾d lower. At 1 30 p m the wheat varied, closing 4 to 4d lower and opening unchanged.
Petroleum crude Pennsylvania 2.50 turpentine steady 39 rosin quiet common 4.00 4.10 wool active domestic fleece 22 28 pulled scoured basis 83 54 Texas scoured basis 48 53 hides quiet native steers 17 19 branded 16 16 coffee rates steady Saree options opened 11 15 lower Rio No 7 spot 9% 9% rice steady domestic ordinary to prime 4 5 molasses steady New Orleans open kettle 35 50 sugar raw firm centrifugal 3.36 muscovado 2.86 molasses sugar 2.61 refined firm fine granulated 4.30 4.45 cut leaf 6.25 crushed 5.15 mold A 4.80 cubes 4.55 4.57 powdered 4.40 4.55 diamond A 4.45 confection ers A 4.15 4.30 No. 1 sorts 4.05 4.25 No. 2 five points lower No. 3-14 five points lower nearby potatoes barely steady white nearby 1.60 2.50 Southern 60 1.87 beans firm marrow choice 6.25 pea choice 3.90 3.95 red kidney choice 3.85 3.95 dried fruits irregular apricots 114% 14% apples evaporated prime to fancy 54 8% prunes 30s to 60s 8 11% 60s to 100s 4 6 peaches choice to fancy 6 14 7 seeded raisins choice to fancy 54%4 6
Trading was fairly active in United States Steel and Union Pacific with mixed results. Amalgamated Copper and American Can were pressured by bond news, Chesapeake and Ohio and Union Pacific showed gains later, while most other issues drifted with a steady close and London sentiment improving.
New York notes money on call at 2 percent with time money steady. Rates for 60 days at 3 percent, 90 days at 4 percent, six months at 5 5 percent. Posted sterling parheng at 4.83 to 4.87, bank bills at 4.86 for demand and 4.82 to 4.83 for 60 day bills. Prime mercantile paper unchanged.
Boston June 25 mining stocks opened with Kiska at 3, Shannon at 7, State at 5, Butte Superior at 22, and Adventure at 1 as early prices.
London reports bar silver steady at 26 18-16d as of June 25. In New York, commercial bar silver at 58 percent purity and Mexican dollars quoted at 48.
In New York on June 25 the metal market showed strength with spot to July bids. August and lead prices indicated firm activity. Spelter and zinc traded around 5.10 to 5.20, tin between 44.50 and 45.00.
Chicago, June 25. B. W. Snow wires from Millbank, Dak. Jim River to Minnesota line east half Jim valley as bad as west. Fourteen counties in burnt district cover about 1,100,000 acres with condition down 50 points from June 1’s 97 percent. Brown and Spink still have some wheat that rains could save, while Clark County east reports fair, vigorous crop. Eight northeast counties total over 1,000,000 acres expected to average at least 95. No frost damage here though soil is very dry to roots and hot, windy weather could ruin plants. Overall state will be well short of last year.
Price Current reports oats production by state totaling 572, all figures in bushels, with Illinois an Indian a, and North Dakota high. Growth condition of corn versus normal shows Ohio at 88.9 and Nebraska at 96.1, with several states ranging from 68.3 to 89.4.
The New York Stock Market closes with mixed results as investors weigh recent data. Highest and lowest prices for major indices are reported alongside the day’s closing figures and the previous close for comparison.
The forecast predicts thunderstorms in the Lake Region and Ohio Valley within 36 hours, with scattered showers in the Middle Atlantic States and Florida. Elsewhere east of the Mississippi River expect fair weather tonight and Thursday, with warmer temperatures in the eastern half and moderate reading on the North Atlantic coast. Georgia, the Carolinas, Alabama, and Mississippi should be generally fair tonight and Thursday, Virginia cloudy and warm with light showers possible, Florida mainly fair in the north and showers in the south and central areas, Tennessee fair and warm, Louisiana fair, Texas generally fair.
New York reports a lively cotton seed oil market on June 25 with firm early months and easier late positions. Refiners bought old crop and sold new crop, much of the demand coming from short accounts. Speculative longs acted as strong sellers.
Chicago and St Louis report cattle hogs and sheep prices and receipts. Chicago hogs 32,000 head, steady to lower. cattle 12,000 receipts, 10 lb higher. sheep 10,000 receipts up 15 to 25 cents. St Louis cattle 3,500 receipts, steady. hogs 8,500 receipts, tone up five cents. sheep 7,000 receipts with muttons at 4.75 to 4.76 and lambs at 7.23 to 8.50.
New York June 25 opening sees commissions buying push futures higher amid rainless Western belt forecasts. July and August open up slightly as new crops rally others. July rises to 12.22 with old crop buoyed by big spot houses. Turner's crop condition to June 22 shows 81.3 percent, bullish sentiment grows. In New Orleans bids show July at 12.48 and August 12.15, with overall market firm and short covering continuing.
Liverpool June 2 5 market opened steady at a net decline of 1 to 2 points amid quiet trade at 12 15 p m. Spot cotton remains steady in good demand with middling at 6 73 4 cents and sales of 10 000 bales including 8 800 American bales. Futures opened steady with various month quotes shown and closes noted as steady to slightly lower.
June 25 report notes Liverpool spot sales at 10,000 bales with a 1 point advance, July futures buoyant. July New York up 20 pints, New crops at 1.66, scarce sellers. Wall Street Journal notes a pending trade reaction. Weather map shows partly cloudy to fair with likely rains in a week, heat brief in the northwest belt. Interior receipts for half week rise to 4,965, suggesting larger holdings than last year despite high Julips and strong shipments.
Morris Rothschild & Co states continued friendliness to cotton. Hayden Stone & Co notes market sensitivity to unfavorable news and rain in a large central area as a near term factor. Logan and Bryan say they would take advantage of market reactions to make moderate purchases.
Memphis reports June 10 condition at 81.2 percent, showing improvement mainly in the first half of June due to early rains in the East and good cultivation elsewhere. Turner's report through Miller & Cotter lists June 22 condition at 81.3 percent versus normal, with spot cotton markets steady to quiet across major cities, and middling prices ranging around 11 to 12.75 per cent.
The excerpt lists numerous arrival and departure times with stations such as Birmingham New York Jacksonville Chatnaga Macon Fort Valley Columbus Cincinnati Charlotte Brunswick Richmond Kansas City and Shreveport. It notes daily operation with a note run daily except Sun and includes multiple times across early morning to night.
Lost items listed for thirty days at 35 Peachtree Street. Reward offered for G. N. Morris & Co. at 261 Peters Street. Also a lost male poodle named Joe with reward. Contact 205 Spring Street Ivy 2168-L. Notices dated 6-25-32 and 6-21-32.
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