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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 01, 1903
Page
4
Spot cotton in New Orleans on December 21 shows good demand and rising prices as holders resist selling. Futures moved up Early gains faded to modest increases with steady to firm quotes, reflecting cautious optimism for price strength and continued demand.
New York reports a semi-holiday in business with anxious trade across the market. Narrow print cloths are difficult to buy while men’s fabrics show fair demand. Woolen and worsted goods move slowly and cotton varieties lag behind.
A garbled stock report lists closing quotations for numerous vessels and rail lines including Baltimore and Ohio, Chicago, Burlington and Quincy, Union Pacific, and others. It references general stocks, regional exchanges, and various railway and canal interests with mixed figures and abbreviations.
Chicago trade shows light activity with a downward drift across grains. May Wheat and May Corn fall while oats and provisions ease. government crop report dampens demand and local receipts remain modest as traders weigh bearish signals and stronger selling by majors.
New York and Atlanta reports show cautious tone in cotton trading, with futures firming early then easing. Analysts cite January and March outlooks, unpicked and interior receipts, and holiday effects on year-end activity amid mixed stock, grain, and commodity influences.
New York and other markets show mixed activity as wheat and flour trade steady to lower amid liquidation pressures. Spot oats and corn hold, while cotton seed meal and various groceries command uneven quotes. Regional reports from Cincinnati and Atlanta note firm flour and steady pork, with dairy and fruits trading at varied levels.
Private leased wire direct to Newark Chicago and New Orleans. Cotton stocks and gratin. No 2 Booth Pryor Street Jackson Building New York Office No 6 Broadway with offices in principal cities throughout the South. Write for our Market Manual and stock containing instructions for traders.
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