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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Mar 03, 1906
Page
4
New York March 2 The stock market opened with little vigor as prices drifted and failed to rebound after a midweek rally. Consolidated Gas faced selling pressure while Union Pacific led modest gains amid firmer money markets and broad investor reluctance.
Liverpool opened firm with gains in cotton futures while New Orleans showed stronger spot demand and doubts over crop supply. Wheat and corn traded softly amid drought relief hopes, with firmer oats and steady hog prices. New York stocks showed early strength fading to uneven losses as major leaders lagged and money rates stayed loose.
I J Anderson Co notes New York opens up about four points on strength in spot cotton with 12 000 bales sold. May bids rise as exporters and big interests push to buy, while spot demand remains firm and receipts decline. Estimates show 10 395 000 bales received to February 26 with favorable updates. market nervous but money easier and stocks hardening.
Markets show mixed activity with cotton seed oil steady in New Orleans and Memphis, prime crude around mid-20s, meal and cake values steady. Turpentine and rosin hold firm in Savannah, London tin and copper react, treasury balances and international money markets noted, and U S livestock mixed with cattle receipts and hog prices tracing declines in Chicago and St Louis markets.
Bradstreet's forthcoming report notes favorable features dominating the market. Buyers are more active than earlier in the year, winter wheat reports are strong, and a potential coal strike avoidance strengthens industry. Despite some caution for the near term, hopes rise for a record spring and strong trade next season. Iron and steel markets remain quiet.
Attractive modern Piedmont Avenue property between 8th and 10th Streets. Piped for furnace, up to date layout, fine porcelain path, linen closet, deep lot with rear alley. Priced at 5300 with terms 2000 each and balance to suit.
Modern six room West End cottage offers new cabinets in every room porcelain bath reception hall tinted walls and solid construction. Two car lines convenient. Price set at 2400 with terms negotiable.
Demand for copper and wool remains firm with higher prices noted while cotton fabrics face softness due to long staple raw materials. Foreign buying of grains and salted hides stays active in Boston. fall shoe orders lag but spring work remains robust. U S and Canada export figures for wheat and corn rise week over week with July 1 to date totals climbing. Dun's Review highlights cautious optimism, steady machinery use, and ongoing commercial failures but improving bank clearings and rising steel demand.
Walter Ballard Optical Company advertises Ballarg Bifocal spectacles combining near and far views. The ad promises invisibility, lower cost than rival invisible bifocals, reduced fogging, and thinner lighter lenses, urging customers to visit 61 Peachtree Street, Atlanta.
Seaboard Air Line announces a new ticket office location after March 1 at the English American Building on the corner of Broad and Peachtree streets. The move affects passengers using downtown Atlanta service.
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