Census Reports Massive Cotton Ginning Decline and Market Bust
The census office reports 9,859,277 bales ginned by Jan 16 from 1903 crop with 30,17? ginneries. State totals show Alabama to Virginia with millions of square, round, and commercial bales. New York markets react, bullish early then bearish after census results. Prices fall sharply from morning highs as investors fear weaker than expected data.
MENTIONED IN THIS ARTICLE
Washington
Sea Island
Saliuary
Tok
Alabama
Arkansas
Florida
Georgia
Indian Territory
Kanagas
Kentucky
Louisiana
Mississipp
Missouri
North Carolina
Oklahoma
South Carolina
Tennessee
Texas
Virginia
New York
Census Bureau
Iocal
New Orleans
Bremen
Molving
New Orleans and Galveston Cotton Market Update
Market notes show bid for 7,000 to 8,000 bales in New Orleans, with Galveston and Houston similar ranges. Reports cite bullish ginning data but rapid late selling pressures from New Orleans and a Bremen banking house failure affecting spot sentiment. Cotton futures edges higher on opening amid short-cover demand, with rumors of large futures purchases and mixed south receipts. Cotton seed oil prices rise with firm crude and lard products, while meal and cake values adjust in lower ranges.
MENTIONED IN THIS ARTICLE
Hubbard Bros. & Co
New York
New Orleans
Bremen
Atlanta Brokerage Co
Shorts
Census Bureau
Sea Island
Memphis
Berrela
Chicago Markets Close Strong on Grain and Pork Prices
Chicago markets ended firm as May pork rose over a dollar, wheat and corn also advanced. Shorts covered amid war fears and strong cash demand from commission houses, with May pork up to 1.22 1 2 and May wheat, corn higher.
Trading Roundup Highlights Strong Grain and Coffee Markets
Chicago reports show wheat and corn buoyed by bullish foreign news with sustained demand from shorts. Hog futures rise while oats and other grains trade steady. Coffee futures open higher then ease but stay near gains as trade covers and buys from exporters push prices up. Sugar remains firm in New York and New Orleans markets with mild activity. Liverpool grain market notes dull wheat spot but steady futures, with mixed corn and other grain activity.
MENTIONED IN THIS ARTICLE
Atlanta Brokerage Co
Chicago
Liverpool
New York
Cordova
New Orleans
Metal Market Mixed Tin and Copper Slip in London Prices
The Metal Market reports London spot tin down to £524 125s 6d with futures at £124 58s. Spot copper declines to £55 7s 6d, futures £55 25s 64d. electrolytic and casting copper quoted. Lead steady here at £4 4s 6d with London at £11 12s 6d and iron firm in Glasgow at 5s 3d. Spelter unchanged. North American foundry prices listed with No 1 through No 2 etc.
MENTIONED IN THIS ARTICLE
Vesper
Union Pacific
Achison
Wabash
Isi
Baltimore
Ohio
Wheeling and
Lake Erie
Canadian Pacific
Wisconsin Central
Central New Jersey
Chesapeake and
Chicago
Alton
Great Western
Northwest
St Paul
United States
Wella-Fargo
Chi
Trans
C,c
St Louis
Amalgamated Copper
Colorado Southern
Delaware and Hudson
West
Denver
Rio Grande
Hocking Valley
Amer Smelting and
Ooo
Tillnais_ Central
Amer Sugar Refining
Hilary
Iowa Central Acre
Anaconda Mining Co
Brooklyn
Distillers’ Securities
Metropolitan St Ry
Tish
General Electric S A
Minneapolis and
Wa i
International Paper
SFP
Tis
Iz International
Abe
Missouri Pacific
Missouri
Kan
Tex Boo
Nati Ry
Pacific Mat
New York Central
Norfolk
Western
Ontario and Western
Pullman Palace Cares
Republic Steel
Pitts Pennsylvania
United States Leather
Tennessee Coal and Iron
Rock Island Co
St Liandis
St Louis Southwestern
United Rubber Rubber A
Southern Pacific
Soo
Southern Railway
Texas and Pacific
Westinghouse Electric
Toledo
St L
Weat
Chem Co
New York
London
Glasgow
Middleaboro
Market Summary: New Orleans Spot and Futures Fluctuate
The New Orleans market shows spot cotton steady, receipts 9661, stock 436547. Futures opened steady with advances of 47 to 52 points, then fluctuated. July rose to 1485, slipped to 1480, then 1390, rebounded to 1480, and fell to 1420 as liquidation dominated. Afternoon trading was quiet with losses ranging from 23 to 100 points across months, while Liverpool opened about 48 points higher amid heavy daytime business.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Also Mentioned on This Page
Cotton
Wig
Ening
Allway Brocks
Atchison General
Baltimore and Ohio
Central of Georgia
Chesapeake and Chica Ag
Chicago and
St P
Leea
Galveston
Houston
RB. I
Pac
Fetex A
Ana St
Chicago Terminal
Norfolk and
Western Consul
Bag Consolidated Tobacco
Oregon Short Line
Partic
Ylvania
General
Erle
St. Louis
I, M
Consol
San Fran
Iz Fort Worth
Defiver City
Ata
Seaboard Air Line
Loulaville and
Nashville
Mexican Central
Manhattan Congol
Toledo, St and Western
Efa
Union “Pacific
Kans
Tex
Ug. Steel 2Nd &S
Natl R. R
Connot
New York Central General
Wheeling and Lake Tile
New Jersey Central General
Woorfolk
Baliintora Oe
Boston
Wilmington
Philadelphia
Savannah
Wes
Mobile
Charleston
Augusta
National Bank
James W. Exgliab, Presiden
T Walker P. Inman
Jonn K. Ottlet
Omas. E
Bryan
Asst
Surpiaa
Bomare
A. E. Trornton
G. BE. Currier
Fi. KR. Bloodworth
Atlanta National Bank
Ari Amee
United States Depository
Dire Promsa
Romare
A. &. Thornton
F. E. Blook
M. Inman
E. Currier
T. Inman
Gotton
Hales Brock
Britain
France
Atlanta
Wilmin
Savannsh
Tom
Vale
Cincinnati
Loulaville
Louis
Great Britain
Continent
Japan
Gale
Biles
Arch
Orient Ware
Orient
Seaboard
Bradstreet
Minneapolis
Duluth
Lsc
Miller & Co
Lowry National Bank
Tory
Thos, Egleston, Samtl M. Inman, Robert J. Lowry
Thos, D Meador
T. Avery
Jos. T. Orme
WM. G. Raoul, Mell R. Wilkinson, John E. Murphy
Pryor
The
Standart
Banking Co
Neae
Hester
Governorianra Aroaerage & Commission CO
J. S. Jones
Prudential
Wille
P. O
Peter Hellweck & CO
Orleans
Ton and Black Exchanges
Board of Trade
W . Goften
John W. Dickey
Central OF Georgia Frac
Bruce & CO
Kimbell House
Thomas
Paine & GQ
Equitable Building
Daniel J. Sully & Co., Bankers and Brokers
Wall Street Exchange
Eildes
New York Cotton Exchange
New Orleans Cotton Exchange
Martin
Cothran & 60
New York Cotton Echange
Chicago Board of Trade
Empire
Robinson-Humphrey Co
William E. Bush
Investment Securities, Augusta, Ceorcgia
H. Patterson & Co., Investment Securities
Hally & 60
Broad. Street
J. L. McLean & Co, Bankers
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!