Cotton Market Opens Easy As Far East News Weighs
New York Jan 6 the cotton market opened easy under liquidation as disappointing Liverpool and Far East news dampened sentiment. Prices drifted 1½ to 2½ points lower in early trading before a slight rally on talk of slower movement, then slipped again amid continued uneasy tone. By close March to July were about 39 to 49 points lower with heavy selling and a net loss around 1 to 2 points as buyers awaited clearer signals.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Far East
New Orleana
Jemses Jovseet
Reserz
EMDLS
ATUTB
New Orleans
Wales
Holmes
Washington D. C. Times
Bureau of Statistics
Bureau of Census
Miller & Co
Cotton Market Slides After Sharp Rally Across Markets
Reports from New York Atlanta and New Orleans show cotton futures retreating from prior gains as ample receipts and a large crop loom. Analysts warn of a readjustment and a weaker long term outlook despite brief recoveries in London and Paris influenced by war fears and European market weakness.
Market Decline Persists as Cotton Prices Fall Further
The cotton market shows a sustained slide with about seventy points drop from yesterday, leaving dealers demoralized yet hopeful for better prices later. Monroe firms report selling off grade cotton to a Philadelphia house, while spot markets in the South show declines and New York spots 60 points lower. Receipts lag expectations, fueling bearish sentiment among some, while bulls expect a rebound as they reduce commitments and await further declines. The semi weekly interior drops to 83,302 from 90,030 last year, with local market closing easy, down 70 to 76 points. port receipts reach 37,530 versus 48,045 previously.
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Ss Foz
the Porte
Galveston
Norfolk
Heaton
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New York
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N Western
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Cotton Market Summary From New York Trade
The Atlanta Brokerage Co reports a mixed cotton day with reduced bullishness and some profit taking. Liverpool dull, foreigners selling, wet news unfavorable, and spinning industry bearish. Early session support faded, demand mostly satisfied, outside buyers modest on light receipts, commission houses securing cotton. New Orleans prices diverse. southern markets drift lower as crop estimates edge downward.
MENTIONED IN THIS ARTICLE
Atlanta Brokerage Co
New York
Shorts
Liverpool
Commission House
New Orleans
Cotton market outlook from Liver Pool and New Orleans notes
Estimates place 9 250,000 bales as the lowest yet for the season amid mixed signals. Reports suggest moderate receipts at New Orleans Galveston and Houston with Liverpool bullish overall though short positions look risky. Market seeks a moderate crop with early declines followed by scarce gains as interior town receipts brighten rumors of war dampen prices.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston
Houston
War News Rules the Wheat Market (Old Style)
Chicago market reacts to war rumors between Asia and Japan driving large advances in May wheat and corn. Prices closed near session tops with May wheat at 87 1-2 to 87 3-4 cents, May corn up around 1 1-4 to 1 3-8, and provisions higher amid strong demand from commission houses. Market activity carried through Minneapolis and Chicago, with heavy receipts and active buying pressures supported by war news and weather factors.
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Chicago
Eyasia
Japan
Vrieteea Ap
Miden
Snedee
Yerotordas
Am de Cilio
Jae
Poul
Pas‘de
Rua
Louchlig
Minneapolis
Duluth
Mbs
Howell Jones Co
Russia
Shorts
Advances and War News Drive Mixed Grain Market Action
The Chicago Grain Letter notes May futures firming on stronger demand and war news from the Far East. Bulls faded after initial gains as selling pressure rose, with corn and wheat showing late strength on cash demand and overseas buying. Provisions firm on war talk, professionals covering shorts as markets overall remained cautious and steady.
MENTIONED IN THIS ARTICLE
Liverpool
Baxter & Co Grain Letter Chicago January 6
Excitement in wheat trading as prices rise 14 to 24 cents from yesterday amid war news and trading on foreign sentiment. Corn active on war effects with gains early. hog products see higher prices with broad buying.
MENTIONED IN THIS ARTICLE
Baxter & Co
Chicago
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