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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Feb 12, 1903
Page
6
The cotton market opened steady with minimal changes and slight profit taking for short accounts. May futures fluctuated near the opening level as selling pressure emerged, New Orleans and Liverpool exchanges showed mixed activity, with overall declines and heavy receipts influencing prices and causing cautious bids.
The dry goods market reports strong demand in cotton goods and woolen fabrics with active jobbing trade. New York cotton opens lower but trades firm as buying interest surges. dealers note rain in the south and profit-taking expectations fading. Atlanta market letters describe a sulking mood yet overall price levels support large positions amid political risks and renewed buying.
The column lists closing stock quotations across multiple rail and utilities firms including Baltimore and Ohio, Chicago Burlington and Quincy, Central of Georgia, Reading, Union Pacific, Southern Pacific, Toledo St. Louis Western, Wabash, Wisconsin Central and Continental Tobacco plus various bonds and coupons. It notes registered coupons and conversion values like 4s and 3s with scattered figures and company initials, reflecting market prices and security types for the period.
Trading turns cautious with May contracts under pressure as London and New York reports hint at ample supplies and slower demand. CottonLetters show bearish receipts, while local sentiment stays wary. buyers reassess futures amid uncertain near term movements and large interior arrivals.
February and March cattle figures at the American Hine and Leather Co. with prices for cows and hides, plus a broad metals market rundown. Copper, lead, zinc, and tin futures and spot levels in London and New York. wheat, corn, coffee, sugar, and rosin shows mixed activity with firm tones in some segments.
Chicago markets opened bearish with heavy selling in May wheat dragging down May corn while oats held steadier. Provisions remained steady as futures volumes stayed light. Liverpool demand outlook and ample supply pressured grains, with May wheat down to near the bottom and May corn slipping further amid global weakness.
The report lists meat prices and market tones in Avanta Cincinnati and New York with figures for ribs, bacon, lard, and dry salt meats. Also notes coffee and sugar prices in Atlanta and New Orleans syrup, showing steady to dull trends and varying price levels across regions.
A three month old oil company touts self sufficiency from production and rising income as it opens new wells. It plans a half built Orange Texas refinery with $49 stock to Feb 20 and $4.26 thereafter, aiming to fund expansion and offer dividends. secretary MYRA BS WANTIN invites checks to ORANGE OIL AND REFINING COMPANY 27 William Street New York.
Atlanta February 1 market notes list fresh storage stock eggs bacon hams cranberries butter and poultry with prices. Items include white fish head rice sardines crackers sausage peppers and mustard limes and onions. Also several fruits vegetables jellies and canned goods with per dozen per barrel pricing.
The bulletin lists fruit and nut prices including oranges lemons bananas and pineapples with varied rates per crate or bunch, plus a cotton seed market report from New York Memphis and New Orleans. Prices cover crude and refined oils, with ranges for prime yellow and white seeds and per-gallon and per-barrel quotes.
Classified list of Georgia and Southern state bonds and stocks with various maturities and rates. Items include Augusta bonds, Savannah, West Point, Datton and Albany issues, Asheville, Central of Georgia, Central of Georgia Chattahoochee Gulf issues, Georgia Railroad and Banking stocks, Augusta and Savannah Railroad and Bank stock, and Southwestern Railroad stock. Prices available on application.
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