Cotton market opens firm as Liverpool strength aids gains
New York February 26 The cotton market opened firm with 7 to 12 points gains and stayed active and strong on short covering and fresh buys for local bulls. Prices rose to 19 to 26 points over last night’s close, with February and March near 10.10 and April and May around 1.08. Profit taking trimmed gains, closing 4s net up to 24 points, while Liverpool futures rose about 4 1/2 to 2 points and spot cotton abroad firmed about 3 points with 1,000 bales traded.
MENTIONED IN THIS ARTICLE
New York
Shorts
Clive
Liverpool
Stron
South
Mla
Southwest
Gulf States
Ad York
New York Cotton Market News From February Reports
A compendium of cotton market notes from New York and Liverpool dated February with reports from Beers Cotton Letter Baxter Co and Southern Exchange. Coverage includes price gains near 15 to 1% points, active near months, and strong bullish sentiment amid improved foreign markets, with speculation on higher figures and potential May corner.
Cotton Market Opens Strong Amid Bullish Weather Bets
New York stock market opens with March cotton at 9.90 and rises to 10.06 then 16.42 by 1 PM as bullish sentiment grows on expected spinner demand and outside buying. May cotton advances above 10 cents, spurred by weather and speculation while other sectors show mixed activity amid subtreasury losses and Aldrich bill uncertainty.
MENTIONED IN THIS ARTICLE
Hubbard, Bros. & Co
New York
Coasiwisa
Continent
France
Atlanta
Galveston
Aizia
Ara
Philadelphia Tirm
Savannah
Auguste
Great Britain
Alain
Great Biitas & Day
Closing Bond Quotations Amid Regional Listings
A dense list of railway and utility bond quotations appears, including Chicago and Northwestern consol 76 1326, Chicago, Rock Island and Pacific 45, Colorado and Southern 450, Denver and Rio Grande 45, Milwaukee, St. Paul and Pacific, and various 4s and 5s across multiple lines. The compilation notes prices such as 1001 for C.C.C. and St Louis general and references misc entries like Missouri, Kansas and Texas 4, New York Central general 3 3/4, and Southern Pacific 4s, forming a snapshot of market bids and yields.
MENTIONED IN THIS ARTICLE
Voion Pacific
Tsalthonce
Ohie
United States
Fargo
Chicago
Northarstern
Louis
Jamerican Car and Foundry
Delaware
Lack and West
Denver
Rio Grande
Anaconda Mining
Brooklyn
Great Northern
General Electric
Hocking Valley
Peper Travis Central
Iowa Central
Sacie de Cas
National Biscuit
Erte
Western
de Limitsside
Nashenie
Manhattan
Lai
Pacific Coast
St. RA
Pacific Mall
Mexico
Minneapolis and
St Toute
Missouri
New Jersey Central
New York Central
Te Ese Co ‘Ana
Norfolk and Western
Union Bar and Paper
Ontario and Western
Pennsylvania
Bay BS. Iu da
Western Union
Southwestern
Kansas City
Northwestern
Consol
Hicago
Rock Island and Pacific
C.C. C
St Louie General
Colorado
Southern
Erle Prieten
Ye General
Port’ Worth
Danver Chyist
Vatten
Minhattas Wold Co
Ville
Louisville
East Mexican Central
Minn End
St Lonis
Liscouri
Kansas
Texas
New York
Wentral General
New Jersey
Western Connet
SI Leute
Tran Mountein
Coneo
St Louis
San Francisco
Wheeling
Lake Erie
Wisconsin Central
Rock Island
Atchison
General
Ios Central of
Market Letters Signal Mixed Cotton and Grain Trends in Liverpool and New Orleans
R M Seale Co notes Egyptian sellers in Liverpool driving early gains and a quiet spot market with a 20 point rise. In New Orleans cotton shows power to resist pressure amid fears of long liquidation, while prices hold near highs supported by spot demand and weather. Stocks react to Rock Island control but no formal announcement. wheat corn oats and provisions show strength with anticipated higher values and cautious buying on dips.
MENTIONED IN THIS ARTICLE
Liverpool
Atlanta
New Orleans
New York
Spat
Shorts
South
San Francisco
Rock Island
Southern Railway
Georgia Central
New York Central
St. Paul
Bru
Armour and
Cudahy
Armour
Glucose
Patten
Baxter & Co
Chicago
Bartlett-Frazier
Bat
Mfed
Victor
A. B. Baxter & CO
ING
Murphy & CO
Pryor Street
Eckson
Bulldina
Wall Street Ends on Selling Wave After St Paul Stock Move
After days of indifference the New York market closed with active selling and most stocks 1 to 2 points below last night. The adjournment of the St Paul directors over the new stock issue sparked a weariness about prices. Rock Island fell below last night, and Wabash rose on strike rumors. Gold shipments to Buenos Ayres and San Francisco eased some banking tensions, while money remained tight with call rates around 3 percent.
MENTIONED IN THIS ARTICLE
New York
St. Paul
Rock Island
St. Louis
San Francisco
Toursville
Wabash
San Frantisco
Buenos Ayres
London
Paris
Bank of England
Argentina
Chicago
Aldrich Financial
Northwestern
United States
Prime Mercantile
Sterling Exchange
Corn and Wheat Rally on Corn Strength and Provisions
Chisago February 26 report shows corn leading gains across grains with May wheat and May corn higher, oats up, and provisions strong. Market notes include light northwest arrivals, renewed buying by shorts, and a firm close with May corn around 77 1/4 cents and May oats up about 1 1/2 cents, amid bearish foreign news and steady wheat.
MENTIONED IN THIS ARTICLE
Chisago
Northwest
Corm
Minneapolis
Duluth
May Park
Maylard
Allen-Miles Co Hide and Leather report quiet market
Chicago dealers report better inquiry for packer hides and steady but muted demand. Prices for buffs and leathers show little change as tanners hold lines, with some bulk goods bid around 1 1 4 cents and limited March shipment offers declined for poorer quality. Liverpool grain futures and New York coffee markets trade amid steady activity and cautious sentiment.
MENTIONED IN THIS ARTICLE
Chicago
New York
United States Leather Company
Boston
Foreign Finances London Paris February 26 Update
London and Paris finance notes report shifts in consuls money and account rates, central bank reserves, and currency movements. England’s weekly statement shows reserve increase to £594,799 with securities and deposits changes. Bank of England reserve ratio near 42.1 percent. France’s Bat France notes in circulation rise by 8.475 million francs, gold holdings up 7.1 million, bills discounted down 1.839 million as changes in monetary aggregates appear.
MENTIONED IN THIS ARTICLE
London
Atchison
Jminute Central
Ming
Louisville
Nashville
Wa Money
England
Bank of Engist
Paris
Bat
France
Oliver
Also Mentioned on This Page
York
Ree
B. Beer
Orleans
Southern Exchange
Wndertom
Monus
Hatch
Jappary
Siddis Lee
Liverrool
Reo
Wey
Manchester
South Africa
Illinois Central
Tennessee
James Swann
C. Bourrer
Parse Twang
Firian
R. Bloodworth
An. ‘T
Atlanta National Bank
United States ‘Depository
R. M. Seale & Co
Wall Street
Treasury
Washington
Prank Hawehing
M. Atilingok
Vine
H. M. Atkinson
DE. A. W. Calhouns
John W. Grant
Jor, A. McCord, Cackier, Thos, C. ER Wim Aas
National Bank
B. Rosser
Frank Bawein
H. M. Mocord
J. Carroll Palme
Letters of Credit and Foreign Rachange
Seidan
Prudential
P.O
Commission Co
Rickey
Nealigan and Banking Co
Sid Third National Bank
Cincinnati
California
Cincinnatii
Lion
Cordova
Strup
L. W
Ancy
Worcester
Georgia
Jersey
Florida
Virginia
Cenruury
Brazil
Savannahi
Charleston
Abcodre F & G
Wilmington
Allen-Miles Co
John W. Digbey
Augusta, GA
Local Securities
Atlanta, Ga
Hubbard Bros. &C. Cotton Commission
Bultda
New York Cotton Exchange
Liverpool Cotton Aion
Cotton
ETS
W. H. Patterson & Co, Investment Securities
N. Pryor St
Kimball Howse
Commission Brokers
Montgomery
Giber “Ag
Investment Securities
Augusta
Henry Beer
Bertrand Buck
Edgar H. Bright
H. & B. Beer
Cotton Merchants
Tischer
Wight Huanr & Fresse
Aera Aveeas
Cottom
New Orléans