Cotton Market Review Shows Upbeat New Year Outlook
The new year opens with cotton prices under last year and improvement in trade conditions. Mills run full time with spring orders, stocks of raw cotton modest, and manufactured goods shrinking. Domestic and foreign demand strengthens, with strong Liverpool sales and a brighter New York market. Some farmers switch to wheat, while western merchants curb cotton lending due to the boll weevil. Analysts predict a long position in the market, expect occasional minor pullbacks, and advise selective buying as prices rise.
MENTIONED IN THIS ARTICLE
Liverpool
New England
New York
Mancheeter
China
Avanti States
Mississippi River
New Year Opens with Mixed Stocks and Bond Market Shifts
New York sees a cheerful but small start to trading as many members are absent and bonds face new rules on accrual. New York Central jumps to 131 on short covering amid favorable November earnings, while Pennsylvania posts a big year‑end earnings drop. Brooklyn Rapid rises on dividend rumors as overall market remains sluggish amid bank and freight signals.
MENTIONED IN THIS ARTICLE
New York
New York Central
Pennsylvania
Brooklyn
American Railway Association
United States
Market Holds Firm on Hessian Fly Hope in Wheat Trade
Chicago reports show buying by shorts after a Hessian fly scare boosts wheat values. May wheat closes near the day’s high, up about 1 8 to 8 4 cents, with corn steady and oats weaker amid mixed grain receipts and thin trade.
MENTIONED IN THIS ARTICLE
Ogleaby
New York
Virginia
North Carolina
Old Virginia
van Camp
Portell
St. Louis
Chicago
Pennsylvania
Kansas City
Maraan Rein
Timothy
Short
Shorts
S St. Louis
Australia
Minneapolis
Duluth
Weather Bureau
Equitable Building Brokers Report Cotton and Grain Stochs
Southern Exchange brokers report activity across cotton and grain markets at Equitable Building. Trading included stocks of cotton and grain futures with attention to prices and volume on a quiet session.
MENTIONED IN THIS ARTICLE
Southern Exchange
Equitable
Aalting RE
Stoch.s—Grain
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