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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Dec 03, 1901
Page
2
New York opening steady with unchanged to two point gains and the day’s trade mostly narrow. Cotton futures closed quietly with some daily gains in select options while overall market drifted, exports and port stocks viewed with firm prices in the South and steady support from buyers late in the session.
Alexander & Co publish their November 30 crop estimate for 901-02 with a national total of 9,733,000 bales, down from last year in several states. notes strong fall weather aiding gathering and brisk marketing. Reports from New Orleans, Galveston, and other ports show steady to quiet cotton with varying middling prices.
New York December 2 cotton goods trade shows little movement as buyers await the government crop report. Print cloths steady. cotton hosiery sold moderately. Cotton exchange to close on December 25 26 and January 1 2 for Christmas and New Year holidays. New Orleans reports mixed Laverna advices with unease in futures. local market opened higher then contracted, closing nearly steady. Times-Democrat crop estimate pegged at 16 400 000 bales. if similar to last year, output could exceed 10 333 000 bales. Market observers expect bureau in tomorrow to set tone, with possible price movement either up or down depending on the final figure.
Hubbard Bros and W B Small and Co issu ed market notes on December 2 citing bullish sentiment as traders expect a strong government report. Receipts rise from past ten days with large inland movement from St Louis and New Orleans. Prices fluctuated with thin trading as markets awaited official figures and future directions.
Heavy country buying orders pushed wheat up amid bullish bets as December and May futures climbed. Corn and oats moved modestly higher while bears remained cautious. export demand and weather reports abroad supported the market. Local receipts stayed light and futures closed with a firm tone.
The market opened with initial gains led by Amalgamated Copper and copper in London but closed with notable declines as traders anticipated the president’s message to Congress. Gold exports and potential anti‑merger actions pressured prices while large sums moved in industrials, rails, and utilities amid volatile money and bond activity.
Atlanta markets list flour prices for patent and spring wheat, corn, oats, hay, meal, bran, shorts, and cotton seed meal with varying grades and sacks. New York trade shows flour firm, wheat, corn, oats, and rye cash and option quotes. unrelated city notes include other commodities, sugar, and fruits.
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