Cotton market rallies after early bear spell
New York January 8 cot ton opened firm with near months down 5 points and later rose as shorts covered and bulls bought, closing 13 points higher than the start. July and May prices moved sharply and late buying kept the market firm, with volume active and local receipts light, while concerns over Liverpool futures loomed.
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Arle
Cotton Markets Rally Amid Short Covering And Demand
In New York and London markets cotton see strong buying with short covering and scarce offerings. Reports say traders expect higher prices after a sharp rise, while bearish bets may trigger profit-taking. futures show active movement with Liverpool and U.S. letters noting heavy receipts and signals of anticipated market tightening.
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Chicago Wheat Market Shows Mixed Moves In Early 1902
Chicago market reports a nervous wheat pit with May futures up modestly while May corn and oats show mixed changes. Cables and weather news from the Midwest influence buying, with Louisville Distilling noted as a market mover and large speculative orders at around 83 1 2 cents. Receipts at major centers remain moderate and futures show erratic moves amid a dull yet firm overall tone.
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Jere
Bay
Walid
Minneapolis
Dunluth
Seaboard
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May Park
Tomorcow
E Small & Co
New York
St. Louis
Senthy
Turpentine and spirits market notes from Charlest on and Savannah
In Ortdn on January 8 spirits turpentine held around 26 37 with 28 casks received and rosin steady near 100. Tar remained firm at 1.25 with 05 receipts. Savannah reports spirits turpentine firm around 37 34 with 471 receipts and 231 exported. Charleston notes turpentine and rosin activity with receipts showing 4 069 and sales 6 510.
MENTIONED IN THIS ARTICLE
Savannah
Seis Iby
Market roundup: grains and staples edge up then soften
The report notes mixed commodity activity with flour firm, wheat and corn fluctuating amid bear pressure and late rallies. Prices cited include No 2 red wheat around 91 1/8, corn near 70 7/8 to 71 1/8, and oats near 28. Cash quotes list a firm flour market and varied grain prices across New York St Louis and Cincinnati, with provisions and lard showing steady to lower trends.
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Ige
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Janna
Chicago
St. Louis
Cor Lewer
Cincinnati
Atlanta
Western Steam
Continent
Liverpool
California
Ge Biid
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