Cotton Market Rallies Then Falls On Profit Taking
New York and Galveston reports show a strong opening on heavy rains and favorable belts, with new crop highs but steady relief as profit taking and a cooler weather outlook trimmed gains. Spot cotton in New Orleans held firm with middling around 13 to 14 cents, while receipts and stock totals were reported for the week. The Cotton Exchange closed early due to an electrical outage.
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Cotton
Atlanta Live Stock Market Prices and Cotton Futures Report
Week's market activity shows cattle prices for good quality steers and cows with varying weights, hogs and pigs trading at modest gains or steady levels, and notes on feed costs and supply. Cotton futures tilt higher on new short-covering, with prices mixed across grades and pending April delivery.
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W. H. White, Jr
White Provision
Pany
Coles
Turbulent stock market edged by Titanic fears
Investors faced a volatile session as sensational rumor and sentiment drove declines in Inter national Mercantile Marine Company and American Can. Amalgamated Copper showed strength while broader losses surfaced in United States Steel and rail issues amid cautious forecasts and an unsettled market tone.
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Wheat market declines amid crop damage reports
Chicago trading closes softly as wheat futures ease despite mixed signals from Nebraska Kansas Texas and Oklahoma. July fluctuates between 1.06 and 1.07% with a late rise. Cash grain prices show No 2 red at about 1.11 to 1.12 in Chicago and mixed bids elsewhere.
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Coffee futures open steady then rally on offerings
The New York market opened steady with a 2 to 4 point rise on European cables and scattered buying, then eased on realizations and selling. It briefly climbed midday but closed mostly lower to slightly higher as offerings influenced traded volumes and Brazilian receipts.
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WBSS
Treasury and market round up from April reports
Treasury statement notes deficits and receipts for the fiscal year to date with figures for ordinary receipts and disbursements. Atlanta bank clearings rise while London and Paris bond and exchange rates show mixed activity amid a quiet American securities market. Savannah and Jacksonville report firm turpentine prices and freight shipments with assorted commodity quotes and local listings.
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