Cotton Breaks Below Nine Cents Trade Outlook Good
Ginners report shows 11,099,000 bales. issuance failed to spark enthusiasm. The market remains cautious as prices slip under nine cents despite positive trade outlook signals.
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Atlanta Georgian
Location
Atlanta, Georgia, United States of America
Date
Dec 20, 1906
Page
21
Ginners report shows 11,099,000 bales. issuance failed to spark enthusiasm. The market remains cautious as prices slip under nine cents despite positive trade outlook signals.
The census bureau reports cotton ginned from December 1 to 13 1906 totals 11 099 001 bales counting round bales as half, vs 9 297 819 in 1905. Active ginneries reach 28 222, down from 28 757 last year. New York market shows subdued activity ahead of ginners’ December 1 report. bearish sentiment grows as traders await figures and anticipate impact on prices in the days ahead.
In New Orleans on December 20 the cotton market saw substantial futures liquidation with Liverpool options closing 1 to 2 points lower. Spot sales rose by 12,000 bales as prices advanced 3 points amid likely ginners' report on the horizon. Despite some short covering, market support remained sparse and curtailment figures were not yet clear for tomorrow, with the government unable to provide reliable ginning data, suggesting only a temporary impact and prices likely to be governed by demand versus supply going forward.
Market notes from New York and New Orleans report cotton activity in decline and steadying. Estimates show vast production and movement with 11 million bales queued for January notices. Western Texas and New Mexico areas report heavy picker activity and high ginning rates while overall demand remains uncertain.
The page itemizes live poultry prices and assorted farm goods in Atlanta markets. It lists hens ducks turkeys and other poultry as active with varied per pound rates, alongside fruits vegetables and staples like flour, rice, and canned goods. Also noted are crates prices for tomatoes strawberries peppers and other produce, plus spice and dairy items and regional market notes.
New York edition notes total weekly shares traded and attribution to editor Joseph B. Lively. Reads as a brief market or stock desk update with limited actionable detail.
The forecast notes rain likely in Atlanta and vicinity with warmer temperatures expected tonight. A period of partly cloudy skies is possible as the front passes, and winds may shift to a lighter breeze later tonight.
York Der runs through a chaotic cotton scene with a tentative drop as bullish and bearish forecasts clash. Analysts debate the December ginning total, with estimates suggesting a sizable supply and potential pressure on prices. Market chatter in New Orleans and Chicago hints at cautious, unsettled sentiment as traders weigh near term output against longer run demand.
Fragmented market report from New York notes metal prices rising briefly as speculation and demand mix with volatility. Incomplete text mentions copper and tin movements, with unclear figures and regions due to OCR errors.
Chicago market notes show wheat closing firmer opening with prices mixed across grains. Corn eased slightly while oats and provisions moved higher amid steady cash sales and sizable daily volume at the seaboard and Chicago exchanges.
New York coffee markets opened steady at unchanged prices with an early 5 point advance and stayed firm as trading grew. Importers showed activity and Brant reported higher firm orders. Santo Paulo receipts were slightly lighter while Rio dispatches blamed stevedore strikes for slower shipments. Daily port receipts totaled 74,000 bags with comparisons to the prior year and day.
Fragmented OCR note appears to reference weekly figures for the Northwest area, mentioning years, weeks, and a Telex transmission. Details are unclear, with garbled names and dates, but implies a schedule or data release on weekly figures. The readable items suggest an automotive or regional statistics context without concrete numbers.
In the bleached goods market a Tuesday price shift saw many values revised. Prices on Hines were withdrawn and new forward quotations set for those who did not advance Monday. Analysts expect primary factors to hold bleached greys for spring and possibly summer delivery, with high count branched cottons and staples facing increased demand as converters and cutters seek supplies.
Grain notes describe wheat and corn movements amid heavy snowfall and poor roads. Winnipeg and Chicago reports show rising wheat holdings, steady corn, and logistics bottlenecks. cables from Liverpool and Argentina reflect unsettled prices and harvest weather.
Forecast indicates Thursday through Friday with variable rain and warmth. Expect showers, cool to warm conditions, and north to south wind shifts. Eastern areas see cloudy spells with showers Friday, while western Texas trends colder into Friday with fair weather later.
New York dec 20 traders reported a mixed morning with slight improvements in stocks except for highly speculative issues. The Bank of England cut reserve strength from 47 to 38 1 4 percent while gold withdrawals from South America weighed on sentiment. U S stocks rose early with gains in Great Northern Ore Corant Foundry American Locomotive Anaconda and Baltimore and Ohio, but midday liquidation faded and the market turned toward a sold out tone as margins steadied amid easier money and absorbing demand. London activity was balanced with modest net purchases and government issues unchanged while other bonds fell.
The item lists banking rates and exchange figures with mentions of per cent loans and banker's bills in New York and Boston. It notes silver prices and bond or stock references such as Arcadian and Tecumseh, alongside various percentages for joint offerings. The fragmented OCR preserves entities like Sper ie Yates and Bar silver while showing typical late 19th or early 20th century market shorthand.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.