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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jul 13, 1902
Page
25
The Wall Street market rose on firmer tones after an unexpectedly favorable bank statement. Grangers led gains with Atchison and Missouri Pacific mixed, while bonds and rails showed uneven movement amid cautious trading and a noted $4,197,000 loan decrease.
New York Financier notes a large decline in deposits and re sufficient reserve with a $1,970,100 cash loss and $16,445,500 deposits cut. Loans fell $4,107,000 while reserves shrank $4,112,370, producing an inferred surplus rise to $9,096,500 as New York banks adjust to capital changes and Pacific coast gold inflows.
New York reports show irregular market activity with confidence in continued prosperity. Rail stocks hold value while insiders use selective moves to prop up prices, aided by large railroad consolidations and foreign funding.
The Treasury Statement lists available cash balances at 198,506,668 with gold at 109,207,920 and today’s receipts at 2,598,892 versus expenditures of 2,135,000. London reports broker failures for R. A. McCulloch Walter H Weil and A W Horton. Savannah notes turpentine dull at 45 with 1595 receipts and 32 exports, rosin quiet with 4,304 receipts and 4,728 exports. Charleston reports turpentine and rosin unchanged.
Wheat spot firm No 1 northern spring 5s 40d with July futures 6s 7 8d September 63 38 84d and December 68 35 84d. Corn spot firm American mixed 6s futures nominal September 0s 3 40d October 0s 34d.
A fragmented price list from Atlanta dated July with bananas at 3.00 per bunch and 1.25, walnuts and almonds with varying grades, pecans and peanuts also listed. Mentions crates of apples and citrons with unclear quantities and pricing.
Dun's index shows July 1 price level at 10, smaller than May 1 but above year ago, with grain and meat higher due to stock weakness and livestock scarcity. Dairy and garden products declined as supplies rose, while breadstuffs surged. corn and oats weighty, wheat exports excelled, and mixed shifts in tea malt spices and other items followed market manipulation and seasonal factors.
Fresh eggs and dairy items listed with license notes and varied prices. Live poultry includes hens and ducks with detailed size and price ranges. Onions priced per 20 pounds and white peas show multiple price points. raspberries mentioned with unclear quantity.
General metal market conditions steady with light volume on a Saturday. Prices: tin 234-28% a Aug, copper spot 11.50-11.75, lake 12.15, electrolytic 12.05, casting 18.15, spelter 5.12. Lead 3.97, spelter 4.90. Coffee futures mixed. July 480, August 485, September 4.90-4.95, other commodities: sugar and lard varied, pork and dry goods noted across New York, New Orleans, Atlanta, St. Louis, Chicago markets July 12.
A dated price sheet shows various flour and grain items with prices. Flour old wheat and patent grades range from 34.70 to 35.10 per unit, bran and shorts priced, oats and meals listed, seeds, hay, and feeds including Vic tor and Quaker brands.
Cotton seed oil movement described as slow yet steady with price references across varieties. The July market notes list prime crude and white oils, summer yellows, and values per gallon, with miscellaneous mention of meal and regional price references in Memphis and New York ship lines.
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