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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 09, 1904
Page
4
New York on January 8 reports a dull and steady stock market with no major sensational moves. Gains came late, led by Amalgamated Copper and United States Steel, while money remained easy and calls near record lows. Bank reserves and a stronger Far East outlook underpinned cautious optimism for the next statement.
New York trading closes strong as bank reports promise highly favorable conditions and ongoing recovery in money on call. Stocks rise on rail, steel, and cotton letters with Southern Pacific and Union Pacific advancing. Dry goods show weakness while war rumors temper gains amid cautious prospective outlook.
Markets show wheat and corn firmer with midwestern prices lifting while oats hold steady. Liverpool and New York grains move on demand and weather hints, with flour and lard mixed. cotton seed oil firms on southern news as pork and bacon steadies in St Louis and Chicago.
Birmingham market shows heavy traffic with many orders ahead. No 2 foundry pig iron sold at 10.60 per ton, a 50 cent advance this week. Iron shipments are heavy and steady with indications of prolonged demand, some companies selling three to four months ahead.
The New York copper market strengthened with a 23 percent three day gain amid light offerings and strong demand. Tin rose about 75 points locally, while London prices showed mixed gains across metals. Lead remained steady locally and in London, with speltor largely unchanged.
Beadstreet and Dun & Co reviews note slower retail recovery due to cold weather and transportation delays, with mixed signals from wool, iron, and cotton sectors. They cite higher railway earnings, wage adjustments, rising shoe and carpet demand, and ongoing building activity amid cautious optimism for spring.
January trade reports from Chicago Kansas City St Louis recap cattle hog and sheep receipts for January 7 8 with market trends and price ranges. Prices show mixed movement across regions with steers and cows listed by weight and quality plus feeder and calf quotes and regional hog and lamb figures.
J G Sullivan a young negro man was bound over to superior court by Recorder Nash Broyles on a $600 bond for larceny after trust. He is accused of stealing clothing through a clothes pressing scheme from several people. Witnesses testified and pawn shop evidence tied in. A suit valued at $40 taken from a man at the Leland house was recovered. Sullivan sent to Tower in default of bond.
The Iron Mountain Route has shortened its time to California to three days for the Memphis to Los Angeles run. Daily sleeping cars and a tourist car every Thursday are provided with bare connections and good accommodations. For information contact I. E. Rehlander in Chattanooga or H. C. Townsend in St. Louis.
Washington forecasts show Georgia and the Carolinas with fresh winds and mixed skies. Virginia and Eastern states expect fair to increasing clouds with possible rain in western areas. Florida regions vary from fair to increasing cloudiness with rain in the west. Kentucky and Tennessee show fair weather with rain in western portions. Eastern Texas should be fair with southeast winds.
A magnificent Pullman train with vestibuled sleepers dining cars and coaches runs daily between Chicago and St Augustine. Schedule shows Atlanta to Macon 10 20 am and Macon to Jacksonville 1 pm then to St Augustine 6 26 pm. Return from St Augustine 7 20 am Jacksonville 8 40 am Macon 4 02 pm to Atlanta 6 83 pm. For more details contact W H Fogg T P A 16 Wall St Atlanta Ga.
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