Cotton Market Rally Pushes Prices Higher in New Orleans and New York
New Orleans reports steady demand and limited supply as 2,428 bales change hands, with highs across the board and notable gains for January through July contracts. Liverpool cables buoyed sentiment, while New York's market followed, closing firmly with daily gains and strong exports amid bullish speculation.
Closing Bond Quotations and Market Notes
Bond prices listed for Chicago and Northwestern through Wisconsin rail and utility issues with fractions and 4s and 5s. New Orleans cotton futures hovered around 16 cents with forecasts of 17 cents by February end. Port receipts totaled about 24,000 today, down from 31,602 last year as cotton prices showed slight recessions.
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Galveston
Norfolk
Fort Arthur
Sabine Pass
Boston
Wilmington
Houston
Augusta
Memphis
Ee. Louis
Cincinnati
Market closes steady after sharp bid up and profit taking
In the final hour the market rose and closed steady after a strong bid. Outside investors took profits while bill leaders bought, creating a general impression that bulls sold heavily overall. The spot market stayed quiet with about a 40 point advance noted.
Dry Goods Market Shows Further Advance in New York
On January 25 the dry goods market advanced on many lines while sellers restrict sales to small volumes. Raw cotton basis prices and mill curtailment loom as a risk. Prominent print lines Algonquin and American moved up today signaling firmer prices ahead. Also Bradford Cotton Letter notes Liverpool's feverish begin and bullish outlook with spot gains and tight receipts.
MENTIONED IN THIS ARTICLE
New York
Liverpool Cotton Market Sees Record Upswing on War News
Liverpool and New York cotton markets rally as prices rise sharply with strong southern demand and Wall Street support. Traders note limited selling, rising spot quotes, and forecasts of further gains despite wartime uncertainty. Holders resist selling until higher levels, while warnings of a possible pullback linger.
Cotton Letter Signals Sharp Liverpool Rise and US Gains
The Cotton Letter dispatch from Atlanta on January 25 reports Liverpool opening with strong gains despite expectations, with prices 15 to 31 points above Saturday close and spots up to 8.18. The American market opened 6 to 24 points higher, advancing steadily most of the session after an initial quiet spell, then surging to around 40 points above the day’s low before a late pullback.
MENTIONED IN THIS ARTICLE
Ance & Co
Atlanta
Liverpool
Cothran Co Cotton Letter Signals Possible Market Break
New York January 25 A wild Liverpool advance of about 60 American points pushed local cotton prices up over 5 cents with May at 15.40 and July at 15.50. The writer notes prior Liverpool gains, a subsequent selloff, and warns a break of about 1.5 cents may follow, while larger holders may push prices higher or profits be taken. Prominent interests in New York are said to have sold freely on strong spots, suggesting a potential sharp decline after another rise toward 16 cents.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
Bert
Reading
Reading Bulls
Ardent Bulls
New York
Shorts
Iloulla
Hubbard Bros. & Co
Thea Bull Party
Fesi
Howell Jones
Baxter & Co
Cothran & Co
Toe
Grain Letter Reports Sharp May Wheat Decline in Chicago
The Howell Jones Go grain letter from Chicago dated January 25 notes May wheat fell sharply from 92 5-8 to 8, with early buy orders fading and later selling by brokers. The market closed 2 for May at 69 1/2 to 83 - 1/2, with clearances 867,000 and receipts 769,000. Corn and oats also declined, while provisions firmed, led by strong lead buying by an outside concern.
MENTIONED IN THIS ARTICLE
Howell Jones
Chicago
Oitelde
May Wheat Plunges as Large Sales Hit Markets
Chicago January 26 A sharp 35 1 2 percent slide in May wheat dominates the market after millions of bushels were sold by leading holders. May corn and oats also fell while provisions rose. Early demand from shorts and Armour selling pressured prices, with May closing about 89 3 8 cents.
Wheat and Corn Market Notes and Grain Supplies
Liverpool market reports quiet futures with March and May prices. visible grain supply in New York shows wheat 40.6 million bushels up 237k, corn 6.6 million up 254k, oats 8.55 million down 10k, rye 1.3 million up 26k, barley 5.01 million down 132k. Chicago notes wheat strength earlier then decline, Armour selling, May options active, little accumulation, commissions busy, market mixed internationally.
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Liverpool
New York
New York Produce Exchange
London Wool Market Auction Tells Mixed Demand
London's wool sale today offered medium and low grades totaling 12 082 bales. American buyers secured a few medium merinos and fine cross breds as details from New South Wales Queensland Victoria and other regions show varied prices for scoured and greasy wool.
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London
New South Wales
Queenland
Victoria
South Australia
West Australia
New Zealand
la Cape
Natal
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