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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Feb 04, 1909
Page
3
Money on call and mercantile paper movement amid steady markets. Prices quoted in various currencies and securities show little change as firms submit bids and short term rates hold. Investors monitor banks and brokers for shifts in liquidity and credit conditions.
Prices eased in New Orleans and Liverpool amid unsettled weather and bear pressure. Spot activity stayed light with steady dry goods trade and renewed inquiries from New England while futures opened lower then recovered slightly as conditions pointed to modest demand and potential area reductions.
A volatile trading day in New York shares centers on copper and railroad stocks amid conflicting reports on demand and prices. Rumors about Harriman ledgers and Gould group movements influenced activity while bonds held firm and London markets moved higher, with traders awaiting clearer political and economic outlooks.
New York money markets show call money at 202 percent with rates for 60, 90 and 180 day bills around 2 to 3 percent. Sterling and foreign exchange quoted with Danteers bills at 48,530 and 4.5540 for sixty days and 4.8760 for demand. Government and railroad bonds noted with modest price changes. Bar silver steady near 24 pence per ounce. Market tone cautious as early pricing edged from yesterday’s New York close.
A three percent dividend on Somumon stock was declared today by the American Company. An additional cent per share dividend was also announced, boosting total distribution for shareholders.
February reports from Hubbard Bros. indicate improved distant deliveries and rising pressure to sell among cotton holders. A small market activity noted with a promissory house purchasing about 10,080 October contracts. Market expects March deliveries to be released when tender time comes. London trading shows broad buyer participation with American prices and various bale transactions. Treasury announces a government cash balance of 159,354,090,470 for the day.
Chicago trading saw a sharp advance in cash wheat as millers increased demand, lifting May and July futures while corn and pork prices closed mostly firm. Wheat led gains with May around 1.00 and July near 0.50 at times, as a bull run pushed prices higher across the grain complex and primary receipts rose.
Corrales area market lists country produce and wholesale fruits at 6 North Broad. notes cold storage, poultry, ducks, turkeys, rabbits, squirrels, and various crates of produce. prices shown for butter, eggs, cheese, and fruits. February market tone reflects steady or firmer values across dairy and poultry items.
A partial 19th century price sheet from Atlanta and New York markets lists groceries, meats, produce, and staples with numerous items and per unit prices. Entries include butter, flour, beans, corn, canned goods, spices, oils, and irrigation notes, reflecting regional trade and commerce.
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