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Newspaper
Albany Daily Herald
Location
Albany, Georgia, United States of America
Date
Jun 07, 1906
Page
8
In Albany Georgia members of the Cotton Future Brokers operate with private leased wires to New Orleans Chicago and New York linking exchanges and enabling rapid dispatch of market data and orders.
New Orleans correspondents report rapid executions in cotton and grain amid strong demand and stable bonds. New York and Chicago offices note brisk activity in cotton futures and commodity prices, with analysts citing liquidity and cautious optimism in stocks.
The market shows limited demand with poor offerings in local cotton as futures close steady. Prices edge around 10.50 to 10.60 for nearby contracts with slight gains and a spot around 11.20, while Liverpool banks observe a short closure tomorrow and Saturday.
London to Liverpool outlook shows limited demand with a featureless market and 56 000 sales. Commentary notes small Liverpool sales, forecasts a gradual decline to five pence, and jokes about acreage reports as a joke. Also mentions fertilizer use, labor scarcity fading, and pricing on fruits with a local phone offer.
The New Orleans cotton letter notes overseas buyers failed to respond to the advance in the cis Atlantic market, closing with a one point loss from the previous day. Spot sales rise to 7 000 bales with a 2 1 point advance as July demand grows amid scarce desired grades. crop reports are broadly favorable with some moisture concerns.
A June 7 blaze in Hopkinsville Kentucky destroyed the Wheeler warehouse along with two hundred hogsheads of tobacco and 300000 pounds of loose tobacco. The fire also consumed an ice plant, a residence, an office and stables adjoining. An inquest into the death of four year old Charlie Fisher killed by an automobile found the death accidental and B M Wilson blameless. Indigestion cure ads accompany the notice.
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