Cotton Market Advances On Crop Reports Amid Drought
Cotton prices fluctuated with the Texas drought and boll weevil reports. Prices opened steady then dipped, later recovering as private crop reports indicated acreage gains and mixed conditions. May and July contracts moved within points, with Texas weather forecasts and condition figures driving late-day gains.
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Wheat climbs to new high price records
Market notes show wheat surging to fresh highs with December corn rising as traders digest crop damage in key states. Oats advance alongside grains while provisions follow hog values. Cotton goods face scarcities as mills plan closures around June 8. New York coffee markets end with modest gains amid steady demand and supply uncertainty.
Stock Prices Show Upward Trend Amid Market Activity
Stock prices moved up briskly with demand in popular industrials led by American Can Baldwin Dupont and May Department Stores. Reading touched a new high before easing, Maxwell Motors hit new peaks, and tobacco and chemical issues posted gains while overall volumes remained steady.
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Robert
Mixed Yearlings Top Market 11.35
Kansas City and other markets report mixed yearlings leading at 11.05 to 11.35 while top heavies reach around 10.50. Cattle receipts around 2,000 with steers and yearlings selling 5.75 to 10.00, veal scarce, packing sows 10.85 to 11.10, hogs mixed with top near 12.25 in some markets and cattle prices varied across Oklahoma, Wichita, and Chicago markets.
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Cotton prices close higher amid late strength in Chicago
Chicago May 28 cotton prices showed late strength closing unchanged to 25 points higher. Market leaders Bharta fought for gains with closing quotations near 28.70 for July and 22.32 for December. Other months listed at 19.20 October, 2.35 January, and 22.40 March.
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Institute opens to assess patent viability for new inventions
A New York institute recently opened to evaluate the feasibility and practicality of obtaining patents for new inventions. The venture aims to provide expert analysis on novelty, usefulness, and potential patentability to guide inventors before filing.
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