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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Mar 15, 1905
Page
2
New York and New Orleans report a surge in cotton activity with prices firm. Indicates heavy buying interest for May and July futures, led by bullish speculation and a rebound in spot demand as buyers seek supply for consumption and mills.
Persistent buying in corn and strength in oats and wheat lifted futures. May wheat touched 1.12 1/2 and July around 92 3/8 cents, with late-session gains driven by firm orm demand and bullish northwest signals. Corn strengthened as visible supply declined, May opening at 49 1/4 to 49 1/2 cents and closing near 49 3/4, while beefing up near-term demand and cash buying remained active.
A dense parchment of U.S. bond registrations and stock quotations contains various government and corporate securities. Notable entries include U S refunding bonds, old and new four s, 4s registered, Atlantic Coast Line, Baltimore and Ohio, Chesapeake and Ohio, Northern Pacific, Reading, St. Louis Iron Mountain, Southern Pacific, Union Pacific, and several western rails. Certificates and debentures from Distillers’ Securities and Jamaica stock appear alongside steady general bonds and municipal notes, with prices largely quoted as percentages and fractions.
Atlante Georgia notes vegetable and fruit prices with crates and sacks listed. Lettuce celery potatoes pineapples and beans appear with varied per unit or per crate prices. Some entries are unclear due to OCR errors but indicate a busy market with fresh produce and stock quantities.
Ware and Leland report a brisk cotton advance with July trading above 7.60 as stop orders hit early. Short covering spreads through May and July, with profit taking at over 7.75. Market seen as strengthening toward higher prices in coming months, aided by planting time and reduced acreage forecasts. Wheat shows July buying amid mixed signals, corn and oats also active with strong May demand and expectations of price gains.
The London tin market rose then fell, closing at £134 15s spot and £132 18s futures. Local prices show weakness at 29.35 to 29.55 and spelter unchanged. Middlesboro area listings for foundries appear with varied cent pricing and stated amounts for northern and southern operations.
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