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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Aug 14, 1903
Page
2
New York reports a very dull cotton market with little new business and prices mostly unchanged or down. Declines followed Liverpool cables, while August rose briefly before cliques capped gains and tropical storm fears kept sellers cautious. southern points yielded only modest fresh offers as receipts stayed light.
Chard Bros & Co and Jones & Co New York Cotton Letters August 13 describe Liverpool absorbing southern offerings for winter delivery while New cotton appears in Interior Texas towns in small but rising quantities. Market drifted lower on crop reports. September supported by storm risk, spot market quiet. Cables less bullish. crop weather and hurricane also influence sentiment.
Range and sales data for stocks reported in official market brief. Details include traded volumes, price levels and notable movements across key securities. No further context available due to fragmented source text.
Cotton market shows tentative gains from stock strength but remains volatile. Reports from Georgia note caterpillar damage and low belt temperatures limit futures. weekly receipts around 275 bales with Houston none and New Orleans 263 bales, while traders expect cloth demand at full prices despite quiet sessions.
Prices drift in mixed fashion as European cables weigh on coffee and sugar while local demand remains tepid. Cotton seed oil and meal trade moves slowly with bids limited. provisions and lard hold steady in several markets across New York, New Orleans, Chicago, and Cincinnati amid generally muted trading.
Chicago reports a firm to strong day in grain markets with September wheat up 11 2 to 18c, September corn advancing modestly and provisions mixed amid heavy hog receipts. Wheat strength supported by European cables and improved export demand while corn and oats followed with mixed late-day strength. receipts and carryovers noted alongside varied futures moves.
The pig iron committee has no quotes for thin delivery and expects Q4 demand to drop. Several stacks across Clairton Sharon Donora Youngstown Sharpsville DuBois will be out for relining, repairs, or idle, curtailing production. Billets tin and sheet demand remains light as open hearth plants at Sharon Bessemer Youngstown Wheeling idle. No market developments to spur finished goods.
Livestock and commodity prices across Chicago Kansas City St Louis and London shown. Cattle receipts and prices vary by city with mixed and steady to higher bids for steers cows and calves. Hogs and sheep also record active trading with regional differences in demand and pricing.
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