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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Aug 27, 1907
Page
3
An old-time classified ad promotes Moncrief Furnace Co offering furnaces for coal or coke to keep houses warm in winter. It invites readers to call with both phones listed.
Herbert H. Brown, of Carpenter, Baggot & Co., Atlanta, reports after field inspection across south, southwest, and middle Georgia that a crop near 1.7 million bales is likely, possibly approaching 2 million if frost and drought spare mid and north Georgia. He notes the lower part of the state shows strong yield potential, while the north and middle regions remain three weeks late and vulnerable to early frost. He expects gradual price appreciation for New York cotton futures, pending September government reports, but warns Texas drought could influence outcomes.
The August 6 to 26 reports show rosin and turpentine receipts and prices in Wilmington and Savannah, with crude turpentine firm at 4306475 and firm rosin with strong shipments. New Orleans cotton opened August midweek quiet but steady, with middling around 18.75 cents, and Swift Co. listing fresh beef prices in Atlanta for the week ending May 4 at about 6.17 cents per pound.
Bullish Europe driven advance pushes wheat higher by about three quarters of a cent. Corn futures top sixty cents as prices hit new highs. market notes record buying in white oats and ongoing strength across grain contracts.
The August Treasury balance shows general fund cash at 236,997,988 with gold holdings 84,260,207 and gold certificates 980,462,710. Money on call 942, and discount rates for short dates quoted. government bonds steady while railroad bonds weaken. London trading opens firm for American securities with a quiet session and listed transatlantic names like Anaconda, Canadian Pacific, and Southern Pacific among others.
A long price list of goods and commodities with August 26 corrections from Nelson Morris Co Atlanta Ga. includes dry salt ribs various pork cuts fat backs and hams plus coffee tea sugar salt crackers oysters and canned goods with prices per hundred pounds sacks cases and per unit. It also lists live stock prices from Chicago Kansas City and Birmingham and farm product notes, plus butter cheese and eggs prices and assorted fruits vegetables and Liverpool cotton market figures.
New York August markets showed an early sharp advance in cotton, later trimmed but closing with a net gain of about seven points. Heavy selling reduced gains, but demand remained, with dry conditions in the southwest and crop reports supporting prices. Liverpool cables suggested corner attempts on September options.
August September October November December January February March April Mey Tesed Ste range in New York cotton and cotton options range in New Orleans.
New York August 26 reports a market calm after Saturday’s unsettled start. Rumors of bank syndicate underwriting and potential changes in railway dividends buoyed sentiment despite uncertain money conditions. Prices for grain and wheat rose. corn and oats showed limited gains amid broad activity in cash and futures.
Wool market notes from St. Louis on August 28 report quiet trading with slight price movements. A few lots show light activity and minor price changes while several classes record heavier fines and routine washing of fibers.
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