Crop market sees sharp gains on poor crop news
New York August 24 cotton prices rose sharply on less favorable crop news and reports of rust shedding and insect damage across the southwest and scattered eastern belts. Volume reached about 350,000 bales with daily receipts around 48,000. New Orleans and Houston futures showed mixed movement while spot markets edged lower in New Orleans. Weather reports note general rainfall but continued boll damage in Texas and Alabama.
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Weekly Chronicle
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Stocks And Bonds And Cotton Market Report
August 24 New York market notes show bears covering in cotton causing a late advance though analysts see weakness. Government crop reports expected bearish but likely discounted. In London Liverpool market strength linked to rain and pest reports, with expectations of a temporary bounce. Chicago Wheat trades weak on heavy selling by locals and cautious production outlook.
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I Broadway
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Liverpool Cotton Association
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New York Stock Loans Cotton Exchange of Trade
Dell
Herbert H. Brown
Gable
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World Visible Supply Statement Reflects Cotton Declines
Secretary Hester reports the world visible supply of cotton shows a weekly decrease of 100,958, with totals at 1,878,757. American cotton totals fall to 943,767 while all other kinds total 932,000. Comparative figures include last week 1,976,713 and last year 2,570,485. In Britain and Europe holdings stand at 859,000, with Egypt 30,000 and the United States 312,000. Atlanta dispatch notes early Liverpool weakness, market rally on shorts covering, and mixed crop news. News from New York indicates cotton futures trading below 9 cents for the first time in years amid two-sided market expectations.
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Egypt
Brazil
Indi
Great Britain
Europe
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United States
Wheat Inclined to Show Weakness in Chicago
Chicago market notes weak tendencies in wheat with September futures easing to around 7 1-4 cents and December range 73 7-8 to 74 3-4 cents. Wheat exports and receipts mix, while corn and oats move modestly lower and pork and lard advance on packer demand. forecasts point to large spring crop yields and steady, if cautious, demand.
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Market commodities and stocks show mixed results across sectors
Wheat, corn, oats, and provisions faced declines with some late recovery as cash markets held steady or weak. Stock trading opened with broad support for steel, copper, and rail shares, lifting sentiment despite prior unsettled conditions. Bank liquidity margins hinted at favorable speculation while call money stayed soft, suggesting cautious optimism in dividend and low-price issues.
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Lst
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Tran
Cotton Market Holds Strong Amid Rumors Of Damage
Southern Exchange New York August 24 The market stayed firm on light trading despite a dip in Liverpool spots. Rumors of serious damage in southern areas buoyed sentiment as buyers covered shorts and traders priced a quick turn. Weather forecasts predict scattered eastern showers with generally fair conditions elsewhere. Government reports due in September cover returns through August 28.
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Southern Exchange
New York
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Arkansas
Territories
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Missispippi
Alabama
Market forces lift several railroad stocks amid rumors and gains
Stocks rallied as Atchison, Missouri Pacific and Rock Island led gains with strong activity in the grains sector. Reading and Erie rose steadily with higher prices anticipated for Erie and Southern Pacific. St Paul, Union Pacific and United States Steel showed strength, while rumors of Europe stock pools circulated and call money held near previous levels.
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Grangers
Atchison, Missouri Pacific
Rock Island
Atehison
Pacific
Reading
Erie
St Paul
Southern Pacific
Union Pacific
St. Paul
Sowthern Pacific
Ypnn Pacific
United States Steel Common
Europe
United States
Liverpool Grain Market August 24 grain prices
Liverpool market notes show wheat futures steady with September at 62 244d and December at 5 10. Spot prices for American wheat mixed with bid and ask ranges. They report various futures and spot figures including September 48 81-20 and December 4e Pydy.
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Liverpool
Aeg
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