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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 05, 1909
Page
5
Market brief notes limited data with scattered figures from New York and surrounding markets. Mentions prices around 1,008 and 7,008 with unclear references to Norfolk and Orleans, leaving reader with partial data and fragmented units.
The cotton market opened with a 4 to 8 point advance and rose briefly before turning down, closing near the day’s bottom as bears and week-end figures weighed on demand. Private ginning reports indicated about 2,460,000 bales ginned by January 1, with census data showing 40,120 bales at the ports. For the week total was 240,000 bales. Futures opened and closed steady with middling prices around 0.98 for middling up lands and 0.980 for middling gulf.
Reports from Charleston Savannah and Wilmington on January 4 show turpentine firm or steady with varied limited volumes and mixed rosin prices. New York and St Louis markets indicate a general shift in cotton and wool trading factors, with Liverpool advance pressuring commodity sentiment and local wool prices showing modest declines.
Switt & Co reports week ending prices for Preth Beet and sugar products with 7.16 cents per pound average. various notes on raw sugar refining, molasses, and petroleum duties. Berlin Imperial Bank shows cash, loans, discounts, notes, deposits shifts. nine thousand and fifty six bales seasonally added. Cotton seed oil, coffee futures and spot prices noted with multiple grade distinctions and monthly quotes.
Chicago January 4 Official cold wave forecast steadied wheat trading, lifting May to 1.08 3-6 and July to 99 5-8 while overall activity remained quiet aside from final minutes buying. Oats and provisions held firm with mixed receipts and cautious demand. cash corn rose on light country acceptances and improved export demand.
New York January 4 heavy speculation followed news that Consolidated Gas lost its salt rights provoking a 26 percent plunge in its stock with some intraday drops. The report notes mixed market movement, with widespread gains and sharp losses, and cites related bond and stock activity across major issues as traders reassess fuel and utility shares.
New Orleans January 4 Secretary Hester compares this weeks world visible cotton supply with last week last year and year before, noting increases of 224 541 621 975 and 219 072 respectively. US and foreign stocks split across Great Britain Egypt India and the US are detailed alongside monthly and four month totals and regional takings by spinners with totals since September 1. A northern Canada southern and foreign breakdowns plus December movement and seaboard stocks are provided, with weekly and four month totals for the season and percentage marketed.
Prices for seeds including No 2 yellow 8 2, Northwestern flax seed 1 54 1 2, prime timothy 3 90, clover 9 20, and pork and lard quotes. Commentary from New York and Cincinnati markets notes flour, wheat, corn, oats, and rye levels. butter, cheese, eggs steady to firm. assorted fruits and vegetables priced by crates or per pound. regional reports from Baltimore and Chicago with miscellaneous provisions and dairy items.
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