Cotton Market Fluctuates Amid Weather Forecasts
New York April 27 cotton futures show nervous, irregular trading after bullish spillover, with near months up briefly on weather optimism then sliding as rains and acreage worries renew selling. Old crop leads declines while new crop eyes late-day support. receipts and weekly totals provided, spot indices down about 10 points.
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Cotton
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Hubbard Bros. & Co
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Mircastpal
Stock market setback from Starrman Lines earnings
New York April 27 The slow advance in stocks paused as Starrman lines earnings were published. Southern Pacific net earnings fell 487000 and Union Pacific 246000. February declines were cut by cost cuts, while rail shares faced a dull, pressured trading day despite some strong gains in select issues. Bond activity remained robust with United States government bonds unchanged.
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Wheat prices dip on favorable rains and market close
Markets report a decline in wheat prices as rains favor crops, with various grain prices and futures for Wheat No 2 red and No 2 hard noted across Chicago St Louis and Liverpool. Treasury data show a working balance of 23.9 million in treasury offices and a total general fund balance of 380.9 million, with a year-to-date deficit of about 2.04 million.
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Treasury
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London Stock Market Opens Steady With Gains
The London market opened steady and edged higher as the forenoon strength pushed prices up to a point beyond, led by Canadian stocks. By noon values eased slightly but Wall Street debt strength supported the afternoon, with prices climbing in the late session. Notable quotes include Central 143, Nashville 149, and Southern Railway. Money market rates showed 2 percent at call and 2 1/16 to 2 1/16 for three months.
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Toomye
American Securitien
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