New Low Ground Made by Cotton Prices Fall in Markets
New York reports a drop in cotton prices with heavy liquidation and unsettled trading as bans near Memphis appear to close. Markets show near term declines in old and new crop months, with futures trading volatile and Liverpool awaiting guidance. Spot cotton in New Orleans remains quiet while reports of a Memphis bank failure fuel liquidation.
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Igw
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Liverpool
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Cotton Markets Mixed as Prices Hold Steady Across Ports
Atlantic and Gulf ports report steady middling cotton with varied receipts and stocks. New Orleans, Savannah, Charleston, and Texas City show stable trades. consolidated inland movement notes gains in Houston and Memphis while futures in copper and other metals edge higher in New York trading.
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Tebrunsy
New Orleans
Galvestar
Mobile i . Ry
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Charleston
Willmington
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I Galventon
Treasury and markets report from February 9
The United States Treasury shows a general fund balance of 102 million 751 thousand 877 dollars, Saturday receipts 42 thousand 765 dollars, payments 33 thousand 539 dollars, and a year deficit of 19 million 797 thousand 478 dollars. Berlin reports Germany’s cash up 6.51 million marks, loans down 12.49 million, deposits up 9.04 million, gold rising 13.43 million. London and New York markets mixed with copper stocks firm, cotton readings volatile, and grain supplies and futures noted. copper producers report January deliveries 131 million pounds and total deliveries rising to 148 million pounds.
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Onte
Copper Producers
Copper Producers’ Association
Votal Delivayfex
Wheat Gains Ease as Fire Loss Joins Market Pressure
Chicago Wheat closes easy, corn and oats fall on light demand and larger receipts. Fire loss of 600000 bushels kept hedges, boosting visible supply drop. Duluth wheat bought by Buffalo dealers, sea routes opening hoped. Western crop damage reports and cold waves pressure corn and gains in hog provisions offset by reduced lard demand.
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Stocks Start Higher on London Gains to Open
New York stocks rose at the open as London prices encouraged the home market. Strong buying, especially in steel, pushed many leading shares up early, with shorts covering but scarce supply pushing bids higher. Market firm briefly before weakening, with limited demand and a few stocks dragging the overall advance, and Rock Island issues marking a continued strength pattern.
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New York
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Rock Island
Common
Market Slump Stretches Into New Session Amid Copper Rally
In heavy trading, New York Central sold to 89 percent while preferreds dipped to 5 percent and collateral 4s to 457s. Mercantile Marine led outside market losses as prospects faded. Copper producers posted an unexpected gain as supplies decreased sharply, gold exports to France rose to 10 million with 2.009 million additional committed. Bonds showed irregular activity with weakness in select issues. Total sales ran 4.15 million par. US bonds unchanged on call.
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Baltimore
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International Mercantile Me
Mercantile Marine
Standsré Ol Group
Gopper
France
United States
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