Cotton Opens Steady as Bulls Push Prices Higher
New York January 16 The cotton market opened steady at 2 to 7 points higher and stayed firm early with active trading. Liverpool lifted futures and spot, boosting confidence among bulls. White port receipts rose vs last year while interior town movement lagged. Later profit taking trimmed gains but near year highs held, with insiders and buyers remaining active in the final hour.
MENTIONED IN THIS ARTICLE
New York
Liverpool
New Orleans
Fim
Wall Street
Hubbard Bros. & Co
Jlliian
Jence S
Houston
Murphy & Co
Mississippi
BimHar
Tiverpool
Bombay
North Carolina
H. & B. Beer
Jyns
Chicago
Phillins
Init
Beara
Shorts
Commission House
May
Clearing House
Minneapolis
Duluth
Seaboard
Esy
Reoelpta Wera
Uberaly
Spot Cotton Quotations Official Closing Quotes
Official closing quotations for cotton show Atlanta Steads middling 71S 16 cents and Liverpool Firm middling 4 19 32 pence. New York quiet middling 3 5 16 cents. New Orleans firm middling 7 15 16 cents. Savannah steady middling 7 7 8 cents. Galveston steady middling 7 cents 8 16. Norfolk firm middling 2 cents. Mobile steady middling 7 3 16 cents. Memphis steady middling 7 18 160. Augusta steady middling 7 12 16 cents. Charleston firm middling 7 18 16 cents. Houston middling 7 15 16 cents. St Louis steady middling 7 15 16 cents.
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Atlanta
Liverpool
New York
New Orleans
Bavannah
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Mobile
Memphis
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Murcting Sc
Charleston
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Galvaston
Mobil
Savannah
Mingion
Midling
yNertels
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Reston
Philadelphia
Mears, Tenn
Liverpool Market Cotton Report January 16
Cotton markets across U S ports show firm to steady prices with mixed regional receipts. Yankee and New Orleans bids edge higher then retreat at close while Liverpool hints at lower consumption estimates, influencing near term demand.
European textile trade woes spark US market caution
The article discusses unsatisfactory European textile conditions lowering projections for American retirements and consumption. It notes higher local movements by merchants, slim inventories in Atlantic towns, and forecasts of bullish circulars that failed to materialize. Legislation and plant disruptions are cited as factors challenging current prices amid weak European demand.
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Europe
Batt
Bilson
Eniwners
Otty
Beng
Price
Atlantics
Susta
Review of New Orleans Market in January Cotton Decline
New Orleans market reports show active but weak cotton prices with rumors of large receipts and unsubstantiated consumption cuts. Prices closed slightly lower after initial calls, with 16,000 bales traded and arrivals of 3,902. New York side notes May cotton around 3.25 with unsettled demand, while market sentiment remains cautious amid heavy port receipts and expectations of movement changes.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Mourphic
Stock Letter Reports Dull Market Then Partial Recovery
New York January 16 Murphy Co notes opening firm but demand fades, several rails slip, and later prices recover. Union Pacific and Missouri Pacific show gains while Indian line names and Canadian stocks interject strength, with some gains above yesterday’s levels. W E B Small Co reports Frisco leadership and shorts covering, signaling cautious bullish tone amid mixed data.
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Atchisan
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Sidg
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del. & Hudson
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Bank Clearing House Notice on Holiday Observance
January 1, General Lee's birthday is a legal holiday. Since it falls on Sunday, holiday observance shifts to Monday January 20. Paper maturing Shindsy due and payable Saturday. Paper Maturing HM Monday due and payable Tuesday 21. Darwing Jones, Manager.
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Darwing
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