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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jul 29, 1902
Page
2
The cotton market opened higher for July then slid steadily, with New York reporting a sharp decline and a 250000 bale day as Wall Street bears dominated. New Orleans and Liverpool showed weak and unsettled tones with cancellations and rain forecasts impacting demand.
Selma reports the first new bale arrival today, ten days earlier than last season. The crop appears ahead of last year, though Texas rains may slow new cotton while Gulf and Atlantic receipts rise. Market watchers urge caution, awaiting clearer outturn signals as fall discounts loom.
Atlanta reportsCotton soothed by Texas floods but prices slip amid weak demand. Short sellers hold back as traders bet on large yields despite rains. Stocks and steel gain support while copper and wheat move with market bias. New York letters mark mixed sentiment with sparse activity as rains favor some regions.
July 28 market update listing assorted fruit and nut prices. Peaches per crate 7cG$1.00, melons 25 per crate, cantaloupes 1.00 per crate, bananas 1.25 per bunch, walnuts and almonds priced by weight, mixed nuts 22 1-2c, Virginia and Georgia apples 29.72 to 2.50 per crate, dates and figs noted with limited details.
New York July 28 The stock market showed marked flattening with late-day activity barely above midsummer dullness. Western operators dominated realizations, concerns mounted about money supply and impending loan contraction, and a heavy corn yield outlook pressured sentiment despite pockets of strength in Norfolk and Western and Colorado fuel.
Chicago July 28 grain market shows weakness across oats and corn as large new crop receipts press prices. July wheat and September futures ease while oats face a sharp July drop and mixed support from North West buyers. Hog prices hold steadier as total receipts and visible supplies shift, with cautious buying by influential houses and private elevators shaping the late session.
Atlanta July 23 report lists flour and grain prices including old wheat patents at 4.70 dollars, 4.20 for some grades, and various fancy levels. corn choice white 8c, oats white clipped 6ic, bran 1.15, shorts 1.25, white shorts 1.40, cane seed 2.10, orange 1.85, Victor food 1.45 per 100 lbs, Quaker food 1.49, bale Hoy prices 1.10 or 1.00 depending size.
Market summaries show unsettled flour and wheat with bearish tone in New York and Chicago trading. Corn and oats weaken on ample supplies while cotton seed meal and Hudnut’s grits remain priced firm. livestock markets across Chicago Kansas City and St Louis show steady to firmer cattle and hogs amid strong receipts and regional noting.
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