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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
May 24, 1906
Page
4
New York and New Orleans reports show opening declines then steady close as bearish crop news and favorable weather influence trading. Spot demand in New Orleans and Liverpool activity support prices. weekly receipts rise with large figures for the week and day. Futures drifted but finished near best levels with mixed regional movements and notable port receipts.
A dense catalog of bond issues and stock listings covers diverse issuers including Colorado Inds, Cuba 58 Denver Distillers, Erie, Louisville and Nashville, Manhattan, Mexican Central, Missouri Kansas and Texas, New York Central, Northern Pacific, Norfolk and Western, Reading, Trenton and Tr. Steel, Wabash, Western Maryland, Wheeling and Lake Erie, Wisconsin Central, and Japan. The notice enumerates series numbers, 4s and 46 bonds, certificates, debentures, and general issues without narrative context.
ESTIMATED TOMORROW New Orleans expects 500 to 2000 bales against 4402 last year Galveston expects 2000 to 2500 against 7047 last year Houston expects 1800 to 2300 against 3669 last year The Dry Goods Market New York Bay 23 The market was steady firm with better business in bleached and brown sheetings and printed goods Knitters opened lines for spring about 10 percent higher than last year Rival reports from Hubbard Bros Co and Miller Co discuss Liverpool slip and mixed crop outlook due to imports and rains which may ease after central and western showers
The May 23 New York report notes a steady dull cotton serum oil market held by leading refiners fearing tight supply to season end. Exporters and home trade show fair orders at prime rates, while packers rely on old purchases. Crude offerings appear in the southeast with bids noted.
Chicago May 23 Curbing drought in Kansas and Nebraska sent wheat lower with July futures down about a cent. Rain forecast and weak corn pressured prices while local selling and short covering shaped the day. Cash wheat and flour receipts totaled 110,300 bushels with 227,000 primary. corn receipts 392 cars.
In New York and New Orleans reports, stocks faced selling pressure from chatter of Paris loan efforts and Gary plant funding, while cotton eased on rain and weak Liverpool demand. Analysts noted light trading, cautious bears, and hopes for a late rebound as weather and currency signals influenced prices.
Market notes report sugar remaining steady under modest demand with mixed futures and steady refined grades, alongside a flurry of copper lead and tin pricing in London and New York. Iron and steel markets show slow activity with large rail contracts and open hearts, while New Orleans casts follow-up on pipe deals and regional foundry activity.
The Western and Atlantic railroad and Nashville Chattanooga and St. Louis railway offer round trip tickets to Nashville from Atlanta at one fare plus 75 cents. The Atlanta rate is $9.35 with tickets sold May 21 to 24 and final limit five days from sale, not valid after May 28, 1906. Three daily trains depart Atlanta at 9:35 a.m., 4:50 p.m., and 8:60 p.m. with through sleepers on all trains. Charles H. Harman is General Passenger Agent.
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