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Newspaper
Atlanta Georgian
Location
Atlanta, Georgia, United States of America
Date
Dec 10, 1906
Page
4
The latest ginners report notes 10,025,000 bales ginned by December 1, compared with 684,242 bales the prior year. Strong trading activity surrounds this surge as producers monitor market signals and adjust forward sales.
Washington reports 10,025,445 bales ginned by December 1, with round bales added. Comparison shows 1905 and 1906 figures, Sea Island and other ginnery totals noted. New York and Liverpool markets react to the government’s ginning estimate as traders gauge supply and consumption, with forecasts ranging around 10 to 19 million bales and vivid activity on the exchanges.
Cotton market notes show Liverpool steady with middling at 5,960 and midselling at midlife 104, while New Orleans reports middling figures near 10. The week features quiet trading in several ports with minor price variation and nominal activity in several listed fibers.
Today’s port receipts are shown in a table comparing the current day to the previous day’s figures. Data includes totals by vessel, cargo types, and transportation mode for market analysis.
The document discusses cotton markets and prices, noting Liverpool exchange movements, New Orleans figures, and outlooks for futures. It references cash and contract demand, ginning data, and expectations tied to government census yields and weather impacts. Market sentiment shows bears and bulls debating supply estimates as traders await official figures.
The New York Commercial notes cotton duck demand rising as March deliveries loom. West jobbers push for on order goods while facing scarce supply. Large Western and Southern retailers struggle to meet prompt shipments before year end. Commission houses report inequality in Chinese demand, hinting prices would be higher if demand matched last year.
In New Orleans and New York traders faced muted interest as forecasts lagged expectations and hedges dominated activity. The market showed little speculative fervor with a profitless trend and cautious selling, while headlines warned of uncertain crop estimates and delayed official reports.
A weather summary lists broad forecasts for Georgia North Carolina Florida Alabama Mississippi Louisiana East Texas and Arkansas. It notes fair to partly cloudy conditions Monday and Tuesday in many areas with occasional rain in places such as Georgia and the Carolinas. Winds shift from light to moderate and northerly in parts, with colder temperatures expected in northern regions on Monday and cooler conditions across several states.
The New York coffee market opened with a notable decline as liquidation spread and European influence weighed on prices. Midday levels were about 2.00 lower, erasing the prior recovery and returning to last week’s low. Overnight reports from Sao Paulo suggested arrivals and holiday effects influenced futures, with $1.80 per bag cited for three days.
Milling correspondents report winter wheat prospects strong with high conditions and large acreage. Moisture and delayed seeding in Kansas Nebraska Missouri and Illinois hinder top growth yet plants remain healthy. Missouri and Texas show higher acreage. harvests improving with storms causing some damage. Corn market steady with minor interior arrivals. rains lift expectations for central districts. Kradetreet reports export figures for wheat and flour from US and Canada.
The Chicago grain and provision quotations for today outline price levels across corn wheat oats and related commodities. Market movers include seasonal demand shifts and speculative activity as traders respond to supply signals and export pace.
Chicago reporting mixed grain activity with wheat closing 1-4 to 3-8 higher and oats up 1-8 to 1-4. Corn held steady while visible wheat supplies fell by 1,113,000 bushels and corn and oats rose by 580,000 and 74,000 bushels respectively. Cash trades included 22,000 bushels wheat and 105,000 oats. primary receipts for wheat and corn compared with a year ago showed declines, while day clearances totaled 820,000 bushels wheat and 153,000 corn.
New York stocks showed little reaction to last week’s developments as money rates surged. Bank loan renewals on call money climbed to 20 percent, with English banks reportedly not renewing about 25 million of maturing tonnage. Despite improved foreign finance, the market remained pressured by speculative ventures and tight credit.
Fragmented text lists car figures and receipts for today and tomorrow in Duluth. The provided OCR is garbled with missing words and unclear data, making precise details difficult to extract. Strong entities are absent due to the damaged source.
Dun's Index for December 1 stands at 108,172 up from 106,689 a month earlier and 106,313 a year ago with the main gain from dairy and garden products. Butter, milk and hay rose latest. breadstuffs declined slightly as wheat and corn quotations eased.
Wall Street shows a cautious tone with the Dow Jones trend described as mixed amid heavy bank losses and ongoing speculation. Analysts note strong Christmas trade, grain freight congestion, and liberal railroad manufacturing expectations while copper and coal remain volatile. Investors eye rail stocks, utilities, and regional banks for potential moves as prices fluctuate across key rails and industrials.
Cloudy weather dominates nationwide with rain in parts of the Midwest and South and snow in the lake region and New England. Temperatures range from 18 below zero in Bismarck to 80s in Jupiter, Florida as a high pressure system shifts east bringing rain and cooling tonight through Tuesday.
The Liverpool grain market shows Wheat opening four percent lower at 1 pm, then rising to 9 percent higher before closing four percent higher. Cork opened higher at 1:09 pm, with some prices unchanged and a modest percentage increase observed.
The Agriculture Department released the crop report at noon noting winter wheat seed area up 1.1 percent from 1905, about 353000 acres, total 1665000 acres, and December 1 wheat condition at 94.1. Winter rye seed area down 1.9 percent, about 39000 acres, total 2061000 acres, with December 1 rye condition at 96.2.
Special to The Georgian Montgomery Ala December 10 Florence E Nagel a white headed woman about 57 pleaded guilty to stealing a large amount of silverware. Purifoy agent Henderson Boyd Lumber Co brought several prisoners from Mobile to Montgomery en route to the Spelgners and In that number was Nagel officials did everything to make her stay in Montgomery comfortable.
The New York stock market opened irregularly as traders faced uncertainty after a Sunday lack of a Treasury statement. Banks remained heavy sellers and the market saw declines in Union Pacific, Atchison, and Canadian Pacific, with broader liquidation across many issues. Government bonds held steady as London and Boston trading added little influence.
Special to The Georgian Chattanooga Tenn Dec 10 It is stated C H Fisk of New York behind a scheme to develop Caney Fork river the line from Chattanooga to Nashville with English capitalists to build Wachovia cotton mills here to finance two large rolling mills blast furnaces and coke ovens in Moccasin Bend W J Young of Greensboro represents English interests If carried out the investment could total about 3 000 000
Lochrane Connors twelve year old son of Mr and Mrs George WW Connors died Monday at their home 308 Peachtree Street after a week of illness meningitis followed the onset. Mrs Connors was Miss Lilie Lochrane before marriage and her husband is the son of the late Judge Osborn A Lochrane a prominent Atlanta citizen.
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