Cotton Opens Weak as Prices Slide in Opening Session
New York cotton markets opened with weakness as prices fell 34 to 53 points from the early high. The market showed fluctuations with bull and bear activity, stabilizing late morning before closing down 41 to 53 points on the day, with about 1,500,000 bales traded.
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Closing Bond Quotations and Grain Letters Summary
Bond markets show Chicago and Northwest con 7s and other issues with mixed quotes, while Chicago grain traders report firm demand at opening. Wheat prices rose on bullish government data but closed near steady. oats and provisions softened on renewed selling. Weather in Argentina improves. US futures influenced by Far East uncertainty and saw early buying then midday caution.
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Howell Jones Co
Chicago
Im Wheat Commission
Minneapolis
Far East
Argentina
Northwest
St. Louis
Cothran & Co
Ffsur
Japan
Jentiment
Armour
Goro
Wheat market ends mixed as May slips slight in late session
Chicago Wheat closes steady to lower with May futures down about a quarter to a half cent, support from Minneapolis mill buy orders offset by selling pressure in the Northwest. Corn holds firm on bullish crop estimates, Provisions advance early then ease as packer demand dips. Receipts show moderate activity across grains and livestock futures.
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St Louis
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No Changs
Dry Goods Market Ends Quiet As Prices Hold In New York
Market conditions for dry goods showed quiet advances late today with further changes anticipated. In New Orleans trades, the cotton market opened steady but declined sharply, then recovered briefly before a subsequent drop and rapid fluctuations.
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New York
Revietr
New Orleans
New Orelana
Spat
Seltera
Tracy
Liverpool Cabloa
Cotton Market Crash Prompts Profit Take Advisories
A flurry of heavy receipts and a cable note that English spools decided on a short time spurred a market decline of 40 points after a volatile session. Multiple letters from Cothran & Co. Miller & Co. and Baxter & Co. describe a tense, risky day with widespread liquidations and calls to take profits while possible.
MENTIONED IN THIS ARTICLE
Cothran & Co
New York
Elnoud
Market notes mixed as commodities and hogs shift amid citations
Bureau figures show a reduction yet remain high. Receipts tight with buying by commission houses and feeders paying high prices. Oats lift on export talk while hogs ease amid Armour sales and 50,000 box meat uncertainty. Cotton estimates urged readers to submit forecasts for year end contests.
MENTIONED IN THIS ARTICLE
Y Bureau
Cudahy
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