Cotton opens steady with advance amid weather woes
New York and New Orleans report an open steady market with advances of 28 to 36 points on active months as shorts cover and demand rises. Traders note Texas heat and boll shedding, limited receipts, and expectations of firmer prices, while Liverpool and Atlantic markets push higher. Spinners and merchants fret over light Texas rains and possible crop stress as futures hold gains and near-term demand.
MENTIONED IN THIS ARTICLE
New York
Texas
Wren
Iigbbard Bros. & Co
Atlantic States
Liverpool
Oklahoma
Ballere
Aere
Tous
Stocks and Bonds Summary from New Orleans Market
Stock and bond round up from Hayward Vick & Clark New Orleans July 4 notes cotton and general prices. Markets show small gains in October futures while dry western weather and showers in the east affect yields. New York money rates ease. government and railroad bonds steady. Cattle hog and sheep markets mixed across Chicago St Louis and Kansas City with receipts and prices listed. London and Paris exchanges report holidays and rate conditions.
Stock Market's Better Tone Amid Treasury Plan
New York August 14 reports a stronger opening with many active stocks gaining 1 to 2 points as the treasury plan to ease money during the crop movement period boosts sentiment. Yet later trading faded with some losses and a weaker close while bank clearings rose 80 percent year over year.
MENTIONED IN THIS ARTICLE
New York
London
Treasury Department
Southern Railway
United States
Wheat Bulls Rally as Market Sees Mixed Signals
The market remained bullish through most of the session with wheat advancing from late in the day while corn and oats also posted gains. Reports ranged from bearish to bullish, creating an irregular pattern, but cash demand stayed firm and prices edged higher overall amid scarce offerings.
MENTIONED IN THIS ARTICLE
Chicago
Northwest
Corm
Mt Lower
Sthan
The Range of Cotton Options in New York Market
In New York the range of cotton options fluctuates as traders gauge demand and supply signals. Prices for near month contracts show modest shifts while volatility reflects broader market sentiment and futures activity.
Rates on compressed cotton before Alabama railroad commission
Rates on compressed cotton to be reviewed by the Alabama railroad commission on September 16, with Farmers' Union business agent P F Parke asserting the aim to secure parity with uncompressed cotton rates to mills. Other cotton state matters may surface during the hearing. Pythians in Griffin plan lectures to fund uniforms for Griffin Lodge No. 20, with speakers such as Thomas E Watson and Bob Taylor possible. Union Savings Bank and Trust stockholders face light losses from the Exchange bank failure. depositors' funds remain secure, while shareholders may recover only 0 to 70 percent as the firm winds down operations.
MENTIONED IN THIS ARTICLE
Montgomery
Ala
Speciai
Alabama Railroad Commission
P. F. Parke
Farmers’Union
Griffin
Pythias of
Macon
Union, Savings Bank and Trust Company
Exchange Bank
Bartlett
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