Cotton market recovers losses on favorable crop news
New York and New Orleans reports show partial recovery from earlier losses as October futures rise to 32.14, with December and January also firming amid weather and crop outlook updates. Cotton seed oil gains on short covering while other commodities mirror cautious buying and rainfall in the eastern belt.
MENTIONED IN THIS ARTICLE
New York
Gulf
Shipping Board
Germany
Georgia
South
New Orleans
Oil Shares Strong On Wall Street As Prices Rise
Wall Street opened lower on testimony about labor cost and living, but by noon prices advanced led by Baldwin and American Locomotive. Rumors of dividend increases at several rail and steel firms circulated, with United States Steel earnings estimated near 40 to 45 million for the quarter. Oil shares remained strong, with Pan American Petroleum, Sinclair, California Petroleum, Royal Dutch, and Mexican Petroleum among leaders amid bullish chatter and rumored dividend moves.
MENTIONED IN THIS ARTICLE
R. L. Barnum
The
Constitution-Philadelphia Public Ledger Service
New York
A. B
Garretson
Interstate Commerce Commission of Congress
Baldwin
American Locomotive
Wall Street
American Car and Foundry
United States Steel Corporation
Stock Exchange
Board of Governors
United States Steel
Andrew Carnegie
Carnegie
Mexican Petroleum
Pdn-American
California Petroleum
Missouri
Kansas
Texas
de M
Turpentine and Sugar Markets Mixed in August Trade
In Naval Stores at Jacksonville August 13, turpentine firm at 152 percent sales while receipts hold at 5 percent. Rosin stock and shipments show 8,536 and 12,473 units with prices quoted around 100 dollars. New York sugar prices steady at 7.28 for centrifugal to refined amid weak Coban port exports and supply tightness. Copper and iron futures and spot prices move with steady trends, aluminum and tin quoted in varied futures.
MENTIONED IN THIS ARTICLE
Lecland
New York
Jadhsonville
Fln
Shinmenta
Coban Porte
United States
Herve
Metal Exchange
East St
Louis
Lane
London Stock Market Holds Narrow Gains Amid Mixed Activity
In London trading the market showed little overall volume gain with a bias to buyers, led by home government securities and French loans. Shares were the strongest, with profit taking on some issues like Sao Paulo railway and Alisapps tea stocks. Money market loans held at around 3 percent, discount bills rose, and French exchange in early hours improved before closing near 38.5 cents. the lira showed strength then weakness. New York remained steady while Swiss and Scandinavian rates moved contrary.
MENTIONED IN THIS ARTICLE
Paliadefohla Publo Ledeer Sertnight
London
Sao Paulo
Alisapps
New York
Corn Prices Fall as Demand Slumps Amid High Living Costs
Chicago August 12. Corn prices weakened with 14% net decline, reflecting weak demand amid nationwide efforts to curb living costs. September futures at 1.91 and December at 1.52. oats and provisions fluctuated, with mixture of small gains and losses. Railroad constraints and short-covering influenced activity, cash grain quotes listed for No 2 and white varieties.
MENTIONED IN THIS ARTICLE
Chicago
Seaboard
Livestock Receipts and Prices From Toursville Kentucky Market
Livestock auction notes from Toursville Ky dated August 12 show cattle and sheep receipts with mixed weights. Prices listed include steers, cows, heifers, and calves with values from about 0.20 to 21.50 per unit and lambs around 15.25. Sheep and lamb markets display strong demand for lighter weights and higher grades.
MENTIONED IN THIS ARTICLE
Toursville
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