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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Nov 28, 1906
Page
4
The New Orleans Cotton Market opened firm but drifted through a volatile session with prices uneven. Reports show spot sales at 3,500 bales with futures fluctuating due to rain, late shorts, and varying demand. Liverpool and New York activity mixed while receipts at the port contrasted with prior weeks.
Trading data shows New York Central gen dua and other railroad bonds, with issuers including Colorado Midland, Northern Pacific, Reading, Seaboard Air Line, Southern Pacific, Pennsylvania, and Union Pacific. Prices and bids appear alongside certificates and series, reflecting market activity for industrial and railroad securities.
Turbulent daily trading reports show a weak market for cotton and dry goods with prices falling in early sessions. Traders note selling pressure and cautious longs amid fear of further declines while expectations of future policy shifts loom.
New Orleans and New York reports show a cautious market with strength in cotton futures fading into less support as speculative interest wanes. Spot prices remain firm, while copper and coffee lead gains, and sugar and naval stores show modest activity amid quiet trading.
Chicago November 27 wheat prices drift with little change as a 4,000,000 bushel US and Canada stock rise eases nerves. December contracts edge higher while cash demand remains soft. Minneapolis and Duluth receipts surge, and bears pressure fades. Market activity centers on first of month deliveries and ongoing efforts to gauge overall supply.
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