Cotton Weak Early Then Rebounds on Rumors
New York August 9 The cotton market opened slightly lower on lower cables but soon slid as traders anticipated a reaction. Selling by sport houses and renewed south offerings pushed October to 11.76 and December near 22 to 23 points under last night’s close. A late rally recouped 12–16 points as buyers covered amid reports of heavy rainfall in parts of the belt. Week end figures were modestly bullish with 11,904 bales taken by spinners. receipts: Galveston 1, reads 1, etc. Spot closed quiet with uplands at 12.30 and gulf at 12.42.
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New York
Jos
Pal
Imu
Counwry
Europe
Spet
Miurket
Tse
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Galveston
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Uplands
Do Gulf
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E.-Agee
Cen
Gary
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Ps Blggnat Amens
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Cotton Exchange
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Hl Taday'e Santos Ravle
Paulo
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Ew Eee
RIGAZ
Erohet
Aeg
Stock Market Ends With Strong Finish Amid Mixed Cotton
New York and Gibert & Clay report a volatile session as stocks rise late while cotton declines. Investors weigh a favorable government crop report against ongoing rains in Texas and subdued spot demand. The day closes with earnings mixed, bond prices down, and banks expected to gain cash from sub treasuries.
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New York
Ratea
Market Reports Show Wheat Yield Figures Largely Correct
Chicago August 9 government figures on total wheat yield matched local guesses, while portions of Washington’s forecast missed. Prices moved little with December at 92% to 934y, corn and oats varying. Cash grain and futures across Chicago St Louis and New York showed mixed results, with firming cash wheat and steady to lower futures, and ancillary commodity moves across cotton and metals.
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Liverpool
Coffee futures steady as liquidations ease in New York
Quotes show August coffee futures opening steady and closing slightly higher after earlier declines, with 43,750 bags traded. Spot Rio, Santos, and Cordova supplies mixed while Havre and Hamburg move modestly. port receipts and earnings noted alongside U S Treasry balance and global market moves.
Grain crops forecast set new U S records this year
Washington August 8 This years grain crops in the United States will be far in excess of last years yield estimated today by the department of agriculture It is estimated it will be better than the average crop for the past ten years and in the case of a number of products will make a new record The country's corn crop will be the largest in the nation's history except for 1908 and 1910 Wheat oats barley and potatoes all set or approach records with rye matching 1910 details forthcoming for principal states Winter 1.
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Naval Stores Market Roundup From Savannah and Surrounding Ports
August 9 report from Savannah, Charleston and Jacksonville shows turpentine and rosin trading with firm prices and varied shipments. Rosin demand stands out with multiple grades quoted from B to N and window glass and water white varnish values noted, while local receipts and stock levels indicate active movement across markets in Georgia, South Carolina, and Florida.
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Savannah
Charleston
Rosin
Jacksonville
Fla
Butter and Eggs Reports From Chicago and New York August 9
Country Produce in Chicago reports butter steady at firm creameries with varied prices and 4,083 cases received. Dairies show steady output and several price marks for firsts and seconds. Potatoes and poultry receipts noted from multiple regions with small changes. St Louis and Minnesota figures listed. New York reports butter steady, cheese firm with state milk, eggs unchanged with 9,708 cases received.
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