Market swings on August cotton report rally and drop
New York and New Orleans markets react to the August crop report. Prices rise on early demand and Texas drought hopes but quickly reverse after the government figures show 75.5 percent condition, triggering profit taking and a broad decline then a partial recovery as traders reassess the Bureau data and weather outlook.
MENTIONED IN THIS ARTICLE
New York
Jones
Bet
Eas
Texas
New Orienta
Houston
Uplands
Do. Gulf
Wales
Hubbard Bros. & Co
Dareen
Anlexas
Loa Beng
Journal of Commerce
Liverpool
Bureau
Bears Routed as Market Buoyant After Bureau Report
Stocks moved higher with the active list closing gains as traders digested a cotton condition report and weather bulletin. The session saw a shift from early unease to buoyancy led by Chesapeake and Ohio and Alaska Sheffield Steel, while copper and auto sectors contributed to a broader rally amid fluctuating London market tones.
MENTIONED IN THIS ARTICLE
New York
National Ginners’ Association
Weather Bureau
Texas
Drouth
Corn Belt
Oaks
Hawkley
Chesapeake and Ohio
Pearson
Bears
Alaas- Sheffeld Steel
London
United States
Illinois yield shocks grain market amid slumping prices
Chicago August 2 reports shocking Illinois wheat yield figures from the State Grain Dealers Association show an average crop of two bushels per acre across 2,130,009 acres, sending wheat futures down and corn also slipping. Market mood was weak with mills buying little, elevators receiving much of arrivals, and September wheat futures closing around 1% lower.
MENTIONED IN THIS ARTICLE
Chicago
State
Grail Dealers’ Association
Vandalia
Genera Raing
Kanssa
Grain and commodity movements from St Louis to Liverpool
Report covers wheat flour clearances total 285000 bushels with receipts 1486 000 bushels and Bradstreets visible supply up 4940000 bushels. Tomorrow's receipts estimated 509 wheat cars 303 corn 170 oats 24000 hogs. Includes St Louis receipts by grain type and Liverpool futures for wheat corn cotton and coffee with spot prices and recent activity. Also notes naval stores in Savannah and Charleston with turpentine and rosin prices and Wilmington spirits turpentine.
MENTIONED IN THIS ARTICLE
Bradstreet
Foreign Finances Report From London Paris and Berlin
London reports America secured 48 990 000 of the 4 500 000 in gold offered on the open market with the remainder allocated to India and the continent. Prices rose by 8 1 2 pence. Paris notes closing at 97 francs per 3 percent rente with exchange to London at 35 25. Berlin shows London exchange at 20 mark with private dismay and a 3 percent checks rate.
MENTIONED IN THIS ARTICLE
Amls-Chalmers
Armour & Go
Chicago
Atchinon Wen
Baltimore
Ohio
Baltimore and
Brooklyn Transit Co
A Central of
Georgia
Bid
Tobac Ptd
Central Leather
Central R. I
No 1
Gen Ba
Anecon Miy Co
Chesapeake and Ohio
Atahison
Do Pia Ag
Mess Pork
Alton i
Quincy
Do. Gan
Bethlenem
St. Paul
Pac
Col
Colorado
Colorado Midland
Central of
Interborough
Mere
Marine
Japan
Kansas City
Louisville and Nash
Erle Calpia
Minneap- Missouri
Kaw
Texas
Bay
Duluth
Missonri Pacific
Mexico
New York Central
Hartford
Norfolk and Western
Interboro
Northern Pacific
Inter Harves
Inter Paper
Oregon
Inter Pump
Tana Adi
Southern Pacific
Southern Pacific RR
Jour Pac
Southern Railway
Breult. Bom
Nat'l
Central
U. S. Steel 2d
Wabash
North Amer
BLM
Northern Pac
Western Maryland
Pacific Mail
Weatinghouse Electric
Pennaylvant
Wisconsin Central
Nu ‘Copla's
Toast
Missouri Pacific cv
Pittsburg
Ry Steel Bpria
St Louis
Sloas-Bheffld Steel
Southern Pac
Q . al
Southern x i
Texas Ant Pac
Toledo
At. L
Ui Non
London
America
India
Paris
France
Berlin
Condition of Cotton Below Average Across States
Washington August 2 The average condition of the cotton crop on July 2 was 76.5 percent of a normal per the crop reporting board department of agriculture bulletin. The decline follows heavy rains over the Mississippi belt and contrasts with June and past years with notable state differences including Virginia North Carolina South Carolina Florida Alabama Mississippi Louisiana Texas Arkansas Tennessee Missouri Oklahoma California and others.
MENTIONED IN THIS ARTICLE
Washington
Carolina
South Carolina
Alabama
Mississippi
Louisiana
Texpa
Arkansia
Missouri
Oklahoma
California
Live Stock Market Receipts Across Cities
Cattle and hogs show slow demand in Chicago and St Louis with mixed price changes. Receipts rise to thousands, with Texan steers around 500, dressed beef and export cattle varied, hogs higher by about 10 to 15 cents, and lambs fluctuating amid steady sheep prices. Kansas City and Louisville report similar mixed trends and firm packer demand.
MENTIONED IN THIS ARTICLE
Marreth
Noni Az
Galveston
New Orleans
Gavannah
Charleston
Wilmington
Norfolk
Baltimore
New York
Boston
Philadelphia
Quist
Eaite Ie
Houston
Auguste Fe
Memphis St Lou's
Little Rock
Louisville
Chicago
Louis
Kansas City
Liverpool Breadstuffs Stock Report Excerpt
Liverpool August 2 The stocks of breadstuffs and provisions in Liverpool flour 16 000 sacks wheat 182 000 centals corn 365 000 centals bacon 7 000 boxes home 2 100 boxes should tra 4 100 boxes butter 500 cwta cheese 46 800 boxes lard 3 200 tlercen primé western steamed and 1 989 tong other kinds
MENTIONED IN THIS ARTICLE
Liverpool
Voters warned by hot air ad for Col Livingston
An unsigned broadside claims Livingston supporters funded a single costly ad after a secret meeting at Kimball House last Thursday night. The note alleges the ad aims to counter an August 23 event as part of Livingston's stalled campaign.
MENTIONED IN THIS ARTICLE
Col. Livingston
Kimball House
Livingston
City of Columbus issues Thirty Year Gold Bonds at 414 percent
The City of Columbus Georgia sells thirty year gold bonds at 1000 each dated July 1 2010 with 414 percent interest payable January 1 and July 1. The mayor IROWN, committee RHODES EF BP DISMUKES and Hubbard Bros Co New York issued the bond prospectus August 2. The market report discusses exchange rates rainfall in Texas and the overall bond and commodity outlook with emphasis on temporary declines and recoveries.
MENTIONED IN THIS ARTICLE
Columbus
Georgia
Chattahoochee
Dillingham Street
M M Moore
Beck
Ttly
City of
State of
Wool Market Reports Mixed Demand in August Trade
Boston reports improving light-weight goods trade with active demand for most lines and rising prices after months of steadiness. Growers hold for higher prices while bulk business remains modest. Quotations show washed wool at 64 to 64.5, various grades from 30 to 27, and regional quotes for Kentucky, Indians and New York markets. New Orleans molasses and raw paget steam prices noted alongside Muscovado and sugar quotes.
MENTIONED IN THIS ARTICLE
New York
Government Bureau
Brith Business
Tay Goode
Manila
Louis
Boston
Mont
Ohio
Penhayvania
Kentucky
Also Mentioned on This Page
Longs
Gains
Cotton Region Bulletin
75Th Meridian
Ume
Tin Commission
Oetomar
Tiggutt
Tim Savanna Nmington
Qeimmar
Tong Tos
Toy Sevannay
Gearioti
N.C
Lake Ciey
Lesagea
Money and Exchange
Prima Mercantile
Sterling Exchange
von Herrmann
Steader
Treasury Statement
Treasury
Atlanta
Chattanooga
Olumbus
Guineaville
Dleer
Greenville
Aldy
Griffin
Monticello
Newnan
Spartanburg
Tallapoosa
West Point
Augusta
Savannah
Montgomery
Mobile
Memphis
Vicksburg
New Orowns
Tee Bondrel
Sibuaries
van Winkie Gin & Machine Co
Atlanta, Georgia
New
Orleans
Yola
Dh Antead
Illinois
Atlanta Stock Exchange
Fieur
Kansas
City
Hope
Pacific Coast
Rio No
Santos
Cordova
Hunvre
Hamburg
Rica
Porte
Jundiahy
Tinea
TBE
Soeel
8. C
Stiepoain
Wilmington N. C
American National Bank
Alane Sca and Coal Co
Atlantic Tea and Coal Co
Atlanta Brewery & Ice Co
Con. Bank & Trust Corporation
Concord Woolen Mills
Co-Operative Agency
Decatur Street Bank
Equitable Casualty Co
Fourth National Bank
Fulton Nalione! Bank
Georgia Stata
Georgia Ry
Electte Be
J. H. Hilsman & Co
Empire Bldg
Alonzo Richardson & CO
Certified Public Accountants
Empire Building
the Robinson-Humphrey Company
Empire Life Building
Hanover Square
New York Cotton Exchange
New Orleans Cotton Exchange
Liverpool Cotton Association
Chicago Board of Trade
New York Coffea Exchange
Department of Agriculture
Hillyer Investment CO
Candler
City OF Columbus
Irowne, Mayor
Rhodes