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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jul 23, 1901
Page
2
Bulls led by New Orleans buying orders faltered as the Cotton market swung through a volatile day in Chicago and New Orleans. Reports cited irregular price moves, weather impacts, and limited public support, with spot trading subdued and official quotations showing steady to easy middling in various ports.
Distribution of cotton activity from New York to Houston shows varied pricing with middling mostly 8 cents and above. Receipts stretch across Gulf ports with Galveston mobile Savannah and Norfolk reporting steady to nominal figures amid fluctuating demand and rainfall warnings from New Orleans notes. HB Beers Cotton Letter notes Liverpool opening lower on Texas rain but private forecasts suggest limited rainfall would ease losses by close.
The article surveys widespread doubt over government rainfall tallies, with sporadic showers in Arkansas and the Territories. It notes a tight market outlook driven by weather, limited moisture in Texas and the southwest, and mixed signals on cotton prospects amid heat, drought, and looming bear pressure in Wall Street.
New York and other markets show slight concessions by sellers with opening steady and near month prices mostly lower. Coffee futures rally and fade with September around 4.80 to 4.90. Brazil receipts and European weakness weigh on sentiment. Sugar and molasses mixed with dull notes. cotton seed oil prices steady to weak in Memphis and New Orleans.
Turpentine and rosin markets report mixed activity across Savannah Charleston and Wilmington on July 22. Receipts and sales figures for spirits turpentine rosin and related products are shown with bid prices and recent exports in varied tonnages and cask or barrel units.
Atlanta notes from July 22 list prices for produce and nuts including lemons at 50 dollars per crate and 5 to 7 dollars for a crate of various items. Almonds, peaches, watermelons, cantaloupes, and pineapples are cited with mixed price ranges and crate or car quantities across Virginia and Georgia markets.
Chicago and New York markets surged as heat and drought across the corn belt triggered frantic buying. September wheat and corn advanced amid bullish cables, with prices closing higher though uneven. Reports from Minnesota and Dakotas of shriveled crops kept sentiment firm and supplies tight, while oats and provisions followed the same bullish trend.
Commodities rallied as options and spot prices advanced across corn oats and wheat. Cash quotations in several cities show firmer grain and flour markets while provisions and lard also moved higher, reflecting renewed bullish crop outlooks and strong foreign demand.
The snippet lists assorted coffee prices per 100 pounds and other grocery items in Atlanta on July 22. Arbuckle coffee at 11.80, Lion brand at 10.80, plus 1% and standard granulated sugar, cane products, cream, cheese, soda boxes, crackers, candy, and oysters with various price points.
Country Produce Atlanta July 22 lists butter creamery Jersey 10 to 11 cents per pound. Tennessee butter slow sale. Live poultry hens 20 to 22 cents, turkeys, ducks and puddle. Honey strained 9 cents. Onions 1 dollar per bushel. Tomatoes stock 1.00 to 1.25. Okra 1.25. New Look No 1 3.00 to 3.50 per barrel No 2 2.25 to 2.50 per barrel.
A list of Monday rulings from various Georgia courts includes reversals and affirmations in cases before judges such as Calhoun Russell Evans and Norwood. In Los Angeles, Colonel Albert Jenks, noted artist, collapsed and died from heart disease while walking with friends Mrs. Bruhn and H. Langley after an unfinished joke.
Governor Allen arrived in Washington from Canton after conferring with the president on Porto Rico legislature actions for the free trade proclamation. It is believed he will resign when the proclamation is issued, making possible the nomination of William H. Hunt of Montana, then island secretary, to the governorship.
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