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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jun 01, 1905
Page
4
A bullish tone in last week’s market coverage shows sellers evenly absorbing value while demand in New Orleans remained steady. Net advances ranged from 24 to 28 points, indicating cautious optimism amid ongoing trading activity.
Washington May 31 reports say crop conditions show varied progress with cotton acreage expanding slowly in the south while Texas and northern regions face planting and weed problems. cotton futures surged to 62 and 63 per bale amid bullish weather and government reports. New Orleans and Liverpool markets reflect steady to firm prices despite ample supply concerns.
Chicago May 31 weather and higher temperatures across the United States weakened the wheat market. July wheat dropped to the day’s low while corn surged, aided by near perfect wheat-belt conditions and Liverpool price declines. May shorts and fund activity faded as Minneapolis and Liverpool influenced prices, closing near the day’s bottom with May options showing gains and overall weak wheat trading.
Market notes show varied tone with numerous rail and utility bonds quoted alongside stock listings. Crop progress reports signal a poorer than expected Cotton crop, sparking cautious trading as traders anticipate Friday’s government update and possible market reaction.
New York shows mixed cotton seed oil values with prime crude and refined futures, while Memphis and New Orleans list May 31 quotations for crude, summer yellow, and refined prices. Atlanta markets report varied fruit and vegetable prices including tomatoes, lettuce, celery, potatoes, apples, beans, and teas with notable activity and crate pricing.
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