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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Apr 30, 1902
Page
4
Cotton closed 5 to 15 points lower with July near the prior close amid a heavy New Orleans market. futures showed weakness then some rally on covering, while cotton demand remained tepid. Wheat and corn rose. oats and provisions fell as overall market movement remained unsettled and bearish.
April 29 reports show mixed cotton activity across ports. Prices steady to firm with middling grades around 9 to 9 3/4 cents, receipts totaling several thousand bales, and stocks ranging from about 15 thousand to over 193 thousand across locations including New Orleans, Galveston, Mobile, Savannah, Wilmington, Norfolk, Baltimore, Philadelphia, St Louis, Memphis, Houston, and others.
A garbled late 19th century letter discusses cotton market trends in Wey Orleans with mentions of Liverpool prices, demand, and fresh buying. It refers to trade conditions, tax or duties, and seasonal rainfall affecting supply, noting market softness and price movements.
Cotton futures show declines on profit taking and weak demand as old crop months slip while new crop months attract buyers on discounts. Weather reports praise a favorable week for cotton planting across the belt with Texas nearly finished and stands good, signaling strong early progress despite scattered regional droughts.
Cotton seed oil shows moderate activity and firm levels in New York with prime crude and yellow varieties priced within tight ranges. In Memphis prices list crude at 36.460 per gallon with different color grades and a meal and cake trading near 22.50 to 23.00 per unit, reflecting standard market variation for April 29.
A fragmented grocery listing from Atlanta dated April 29 shows prices for Arabuckle and green coffee, sugar, salt, dairy sacks, rice, and various canned or bulk goods. Several brand names appear truncated or garbled, with scattered prices such as 510.89 for Arbuckle and 19 for Bhue Ribbon coffee, plus minor per pound and per sack figures.
New York April 29 sentiment in the stock market was erratic with wide swings in high priced issues. Gains were offset by declines in rails and industrials amid mixed news on earnings and rumors. The bond market held firm, clearing house rules tighted trust company access, and overall activity slowed with outside markets steady.
Chicago and New York summaries show wheat firm then eased as rains and reports from Kansas and North Dakota influenced sentiment. Corn rose on bullish cash demand amid light shipments, oats steady, and provisions mixed with pork and lard firming modestly amid variable receipts and futures.
New York April 29 The stock market Tuesday opened firm with price changes mostly within narrow limits. Sentiment was generally favorable and sugars, railways, cotton, iron and steel, copper, and other groups fluctuated. Readings show strong support for coal stocks amid optimism on anthracite tabour, with Vanderbilts noted for buying in Reading and Delaware and Hudson. Western stocks rose with better crop expectations, though profit taking occurred on bulges and dips.
Market wire style summary lists meat and lard prices in Atlanta Chicago New York and Cincinnati with figures for ribs bellies hams lard and bacon. Notable entries include dry salt meats short clear sides and cured bellies with varying weights and price points across several markets.
Chicago cattle receipts steady with good to prime cattle at 6.80 to 7.00, hogs 6.80 to 7.30, sheep steady with western lambs priced near 5.25 to 6.00. Kansas City notes cattle 2.90 to 3.90, native calves and beef steers steady, chelsea export beef steers around 3.40, bulls near 2.50.
Chicago and St Louis markets show cattle receipts around 2 800 with steady trade and varied classes. native Texas and Indian steers mix with grassers and feeders. Pigs and hogs steady to higher with packers buying, while sheep and lambs show mixed gains and steady demand. fruit and confection sections note apples, bananas, nuts, and canned goods with prices ranging across several boxes and crates.
Fractional and garbled pricing listed for assorted vegetables and fruits including cabbage lettuce tomatoes cucumbers peas squash beets strawberries and celery with crate and per quart pricing. Readability is limited but identifies items and unit costs though several figures are unclear or corrupted.
In Savannah on April 20 receipts and sales for turpentine show 1 730 and 1 858 with no exports, rosin receipts 3 974 and sales 5 536, exports none, plus bid quotes from A to N and glass and waterwhite values. Wilmington on April 29 reports spirits turpentine and rosin activity at nothing doing with several receipts, turpentine firm at 1 25 to 2 59, tar at 1 20 with 104 receipts. Charleston on April 29 notes turpentine and rosin unchanged.
New York coffee and sugar markets report a steady tone with some firmness in futures. Prices show gains for coffee on favorable foreign demand while sugar remains firm with refined and centrifugal sales steady. New Orleans notes similar strength and ongoing receipts in the crop year.
A local auctioneer named W. Mr. Scott & Co. lists a sale of 25 river lots. The notice notes the event is due to atau and ti mee c ie, with a sale scheduled for today.
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