Ground reached new lows as cotton markets slide
Daily News Market Page reports continued stock recovery amid rail merger hopes and utilities rally. Rail names such as Southern Railway and Frisco common surge to yearly highs, while Virginia Railway and Power lead utilities gains. Copper and cotton futures show notable activity as currency and commodity markets shift.
Further recovery shown in stocks
New York May 4 The cotton market declined to new low ground for the movement as weather prospects and crop progress favored selling. July touched 23.00 after a 90 point drop to 23.73 then rose, closing 23.80. Overall market barely steady with a 22 to 33 point net decline and May around 28.04 and October at 13.7 before noon, later easing near day lows.
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New York
Chem & Py
Enwekeesensee
SPEER
Bsfystne Natavneses Vetees
DOE Standard
Pecentekas Vloness
Satoaher Vase
Suda Tessa Co
Evasbanbasechabiveereseces
Pennsylvania
Orleans
Sex Hyman & Co
Polk St
Ork Cotton i
Ait Betas Ce
Chasisccs
Tiel
Ec Pacssco
RBCMN
Seacsecsveth
Associated Press
Liverpool
New England
Downward Cotton Market Sags Despite Late Rally
Associated Press reports New Orleans May 4 market mixed with declines in cotton prices as unfavorable Liverpool cables and good crop progress news weighed on July October and December contracts. Morning lows gave way to brief rallies before closing 21 to 29 points lower. exports 15,432 bales led by Galveston.
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Associated Press
New Orleans
Liverpool
Cabies
Cotton Belt
Central Division
Alabama
Texas
Oklahoma
Arkansas
Galveston
Chicago
Coffee futures close lower amid mixed U S prices
New York May 4 coffee futures end with a net decline of 5 points on October while generally 12 to 20 points higher. Sales estimated at 116000. Quotes: May 17.60 July 16.55 September 15.85 October 15.00 December 14.78. Liverpool selling in local market while improved cotton cloth demand weighs on outlook. Exports 15434 today, 7483428 this season. Port receipts 6883. U S port stocks 108538.
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Associated Press
New York
Liverpool
Lancashire
U. S
Cattle and hog markets across Kansas City and Chicago
May 4 market report shows cattle receipts at Kansas City 13,008 with top steers at 10.60 and hogs strong to 500 lower. Chicago arrivals 20,000 cattle with steer prices 23c lower, hogs 39,000 receipts with top at 11.50 and sows 10.30. Sheep and lambs also noted with varied quotes across regions.
East St. Louis Livestock May 4 Market Report
East St Louis reports hogs with receipts of 11 500 hogs, top price 11.60, bulk 11.50 11.55, packer sows to 9.60. Cattle receipts 5 500, slow trade. beef steers 7.50 8.50, light weaners 8.25, light yearlings and helpers 9.60 10.50, cows 5.75 7.00, canners 2.50 3.00, bologna bulls 4.75 5.00.
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East St. Louis
Associated Press
Bologna
Oklahoma City Livestock Market Report May 4 Oklahoma City OK
Cattle receipts 1700 down to lower top steers 10.00 good heifers 8.00 8.50 choice cows 6.50 7.00 Hogs receipts 1500 steady top 11.10 butchers up to 11.00 stockers 3.50 packing sows 2.75
MENTIONED IN THIS ARTICLE
Associated Press
Oklahoma City
Market Receipts and Prices Reported at Wichita
Wichita district cattle and hog receipts totaled about 2,600 and 2,300 respectively with steady markets. Beef steers brought around 87.50 to 10.00 per hundredweight, cows and heifers 4.25 to 9.00, bulls 3.00 to 5.50, veal calves 4.00 to 8.00, stockers and feeders 4.00 to 8.00. Cattle and hogs included 300 calves among the cattle receipts.
Fort Worth Market Prices for Cattle Hogs and Sheep
Fort Worth on May 4 reports cattle receipts of 5700 with calves and stockers priced from 3.25 to 10.00, fat cows 3.25 to 5.50, heifers 3.50 to 6.50, yearlings 3.50 to 10.00, bulls 3.00 to 5.50 and calves up to 9.50. hog receipts 2400 with top 11.25 and sow prices 7.00 to 10.00. sheep receipts 500 with lambs 12.00 to 14.50, feeders 9.00 to 11.00, yearlings 9.00 to 10.00, wethers 7.00 to 8.00, ewes 6.00 to 7.00.
MENTIONED IN THIS ARTICLE
Associated Press
Fort Worth
Hog and cattle market report from Wichita Kansas
Hog receipts 2300 market 5 lower top to packers 11.00 bulk 10.80 to 11.00 top cut outs 10.00. Cattle receipts 2600 including 300 calves market weak to 15 lower for butcher stock others steady beef steers 7.50 to 10.00 beef heifers 5.50 to 9.00 beef cows 4.25 to 7.50 baby beef 8.00 to 9.50 bulls 3.00 to 7.50 canners and cutters 2.00 to 4.00 veal calves 4.00 to 8.50 heavy calves 3.00 to 7.50 stockers and feeders 4.00 to 8.00 stock cows and heifers 2.75 to 5.75.
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Wichita
Kas
Decided Upturns Feature of Wheat Market
Wheat values firmed with sharp U S supply curtailment and ocean cargo totals boosting May and July futures. Rye surged on May delivery as traders who could not deliver bought to cover. Corn fell to up modestly while oats rose. provisions gained on hog demand and lard buying for the East.
MENTIONED IN THIS ARTICLE
Associated Press
Chicago
United States
Foreign Exchange Rates Reported In New York May Fourth
Foreign exchange figures from New York on May 4 show Great Britain at 4.849 with cables 4.85, sixty day bills on banks 4.809, France at 6.28 and cables 5.239, Italy at 4.103, Belgium 5.08, Germany 23.80, Tokio 414, and Montreal 1.001-82.
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Associated Press
New York
Great Britain
France
Italy
Belgium
Germany
Tokio
Montreal
Call Money Steady Rates in New York Markets
New York on May 4 reports call money steady with high 4 and low 8 percent, ruling rate 4, last loan 88, call loans against acceptances at 4, time loans steady with sixty and ninety days at 83 and four to six months at 323 4, prime commercial paper at 83 4.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Butter Market Notes From Chicago May Fourth
Butter prices in Chicago show creamery extras at 40, standards 40, firsts 363 37, seconds 2 35, extras 38, firsts 27 9 28, ordinary firsts 269, storage pack extras 80, and firsts 294 as reported for the day.
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Chicago
Potatoes Market Report From Chicago Trade Desk
Potatoes slow withWisconsin round whites 80 96 cents per cwt and Idaho russets 2.55 3.00. New stock steady. Louisiana Elisa Triumphs field run 2.75 2.90, No 1 3.00 8.15. Florida Spalding Rose barrel No 1 5.15 5.35 No 2 3.85.
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Spalding Rose
Cotton Seed Oil Prices Fluctuate On Day of Trade
In New York on May 4 cotton seed oil fell 22 to 30 points amid youth selling and liquidation, then steadied as covering and market ties to lard and grains emerged. Close showed modest gains with May at 10.90 and July 11.07 cents per pound, September 11.40, October 11.10, sales 2,300 barrels for prime crude and prime summer yellow.
MENTIONED IN THIS ARTICLE
New
York
New York Raw Sugar Market Holds Steady As Cuban Sales Reported
In New York on May 4 the raw sugar market showed no changes with spot prices at 4.27 duty paid and Cuban cargoes of 23,000 bags for prompt shipment sold at that rate. Raw futures eased, May closing at 2.56, July 2.66, September 2.77, December 2.87. Refined sugar remained unchanged, granulated at 6.60 to 5.70, with refined futures nominal.
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Associated Press
New York
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