Prosperity Talk Sparks Biggest Investment Inquiry Since 1907
New York August 14 reports a volatile stock market with a strong rally in war stocks yet a broad pullback after the railroad rate decision. Investors fear Mexican tensions and seek profits as bond and steel demand rise. rail, freight, and war orders drive continued speculative activity amid large foreign gold arrivals and a expanding government program in Mexico.
Cotton Takings Light in War Years Report Says
Federal report shows increased cotton use in the south and near normal exports despite war. Linters used for munitions rise, total consumption 403,389 bales. exports drop year over year. Global buyers include the United Kingdom, Germany, Italy, and France, with world production around 22,256,000 bales.
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Professional Views On Cotton Situation
New York August 14 Spurred by July consumption gains the market fell amid England’s talk of treating cotton contraband of war. A smaller crop in America Egypt and reduced Indian acreage will shrink supply versus last season. Trade expects southern planters to push cotton to sale at lower prices. About 660000 more spindles were operating July 1 compared with last season. Hedge selling likely as crop moves and contraband fears persist. HUBBARD EROS CO New York August 14 SpeciaL
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Weekly Review of Cotton Goods Market
Market in United States shows modest steadiness across fabrics with near term delivery demand. Prices fluctuate for prints and sheetings while grain convertibles and duck exports hold steady. dyestuff shortages constrain orders and optimism remains for fall distribution as cheap money and falling employment influence buyers. Cotton outlook centers on Britain blockade and potential shifts in continental trade affecting supply and prices.
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Cotton Declines and Partial Recovery Amid Drought Fears
New York and New Orleans markets show early declines followed by limited recovery as July consumption figures hint at weaker than expected demand. Weather forecasts and tropical storm potential influence shorts and hedging, while spot cotton holds near yesterday's levels amid mixed cable reports and regional drought concerns.
Cotton Movement Across Ports and Stock Totals
Cotton movement reports show New Orleans Middling receipts 994 and stock 1277. Galveston 2,641 receipts and 93,911 stock. Savannah 108 receipts and 58,905 stock. Charleston 18 receipts and 42,455 stock. Wilmington 161 receipts and 94,438 stock. Norfolk 75 middling receipts and 44,618 stock. Baltimore stock 13,600. Philadelphia 965 middling with 1,389 stock. New York 330 middling with 284/468 shipments. overall today receipts 6,445 and exports 20,643 stock 60,104. Week totals: receipts 53,653 and exports 86,878. Houston receipts 37,216 with shipments 43 and stock 44,299. Memphis middling receipts 123 with shipments 64 and 200 sales. Augusta middling receipts 276 shipments 621 sales 88 stock 64,173. Louisville middling or stock 14,204. Cincinnati receipts 78 shipments 104 stock 15,126. Little Rock middling 850 receipts 17 shipments 126 sales 150 stock 7,598. Dallas middling receipts 4166 tack 217 775.
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