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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Feb 13, 1903
Page
2
The New York Cotton Exchange closed for Lincoln's Birthday with a firmer tone in New Orleans and Liverpool markets. Futures rose while spot activity showed some quieting. reports cite large receipts, active selling, and ongoing demand for physical cotton amid price swings and unsettled imports.
Chicago February 1 and Washington update. Market notes on hides and leather demand, grubby hides, and prices alongside banking and treasury data. Reports show tensions in tanners versus dealers, a February delivery forecast, and steady packer prices despite weaker grubby hides. Also included are currency and banking signals from New York, Paris, and Berlin, with Paris notes and Bank of France statements, plus Georgia flour and grain pricing brief.
The Atlanta market letter notes continued strong demand for goods, with Liverpool reporting 10,000 bales unchanged and indications pointing to a high level of activity. In New Orleans early trading, selling pressure appeared as longs were liquidated, with a brief downturn followed by a partial recovery as buyers sought concessions from holders. The market remains influenced by receipts, spot demand, and price levels, with sentiment described as bullish overall.
An article argues southern mills, railcar plants, and iron works save freight and labor costs compared with the north and west, urging investment in the National Car and Foundry Company in Atlanta. It notes rail tonnage growth, demand for railroad cars, and cites prices for oats, meal, and other commodities. Milwaukee-Miami tone expected.
A compact ledger of provisions from Atlanta Cincinnati and New Orleans notes mixed prices for meats as well as staples. Items include butter sugar coffee canned tomatoes oysters and various fish with Arbu ck le and Cordova brands among others. Regional price ranges reflect late nineteenth century market activity with precise per pound or per barrel figures and several regional commodities like Georgia cane salt and dried fruit.
Atlanta markets report fruit and nut prices with figures for apples oranges lemons grapes and more. Notable prices include apples 30, oranges 3.3 to 3.4 per box, lemons 2.75 to 5.0 per crate, pineapples 2.00 to 0.95 per crate, and mixed nuts around 12.5 to 13 cents. Savannah and Charleston write updates show turpentine firm at 7.25 and rosin at 1.60 to 1.75, with receipts and exports noted. Wilmington reports spirits tar and rosin firm with various small lots and prices.
Bonestee Dakota February 12. Stockmen report hundreds of cattle perishing as deep snow blankets range country. Arthur Grouse in Tripp county says over 400 steers from two bunches died. Snow extends two miles west of here and covers 100 miles, preventing feed. Thirty head of old steers drifted west, one acre shelter for three weeks, eleven found dead, wolves have eaten necks and thighs, and calves eaten by wolves.
Interest centers on a rumored purchase of the New Orleans and Northeast by the Southern. If confirmed, it could reshape lines from Meridian to New Orleans and connections with Alabama and Great Southern. Talks also touch on possible acquisitions of Alabama and Vicksburg and Vicksburg, Shreveport and Pacific for control of routes to Crescent City.
Development comments on regional rail sections and a note on M R Powers death at New Orleans. W W H Taylor, Southern district passenger agent, mourns Powers who helped move President Jefferson Davis. Atlanta reports two prominent railroad officials visiting, Tyneh and Mgalis, with wives aboard a Big Four car as new headquarters shift to Cincinnati.
Captain Derald Wright and nine aboard the Lark EB from Howell New York grounded February 9 and foundered 30 miles east northeast of Hatteras. The crew were rescued by the schooner Eagar W. Murdock, while Wright suffered a dislocated shoulder. All other vessel papers were lost. The bark sprang a bow, endured rough seas en route from New York and sank despite heroic efforts. Crew transferred to the Tuscarora at Frying Pan Shoal lightship.
Tennessee women organize the Tennessee Hall Association to push erection of a hall for women at the University of Tennessee. Local leaders head the effort with plans to expand statewide. Mrs. Benton McMillin may become president. other roles include Mrs. S. A. Mynderer and Miss Florence Skeffington.
George Whited and wife sue city officials including James Kennedy and Dr J Wester Scott over compelled vaccination at Briscoe pants factory to prevent smallpox spread. They seek damages, arguing Mrs Whited was forced to be vaccinated. Officials say they acted to protect public health. Senator Frye proposes fines for riot conduct at sea.
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