Liverpool Cables Spectacular in Cotton Market Surge
In New Orleans on January 30 cotton demand remained good while offerings were light as Liverpool prices surged. Traders faced unexpected gains with May futures up and widespread short-covering driving prices to notable highs, leaving many bullish at midday with firm overall market sentiment.
MENTIONED IN THIS ARTICLE
New Orleans
Peres
Liverpool
Liverpool Weekly Cotton Statistics and New York Market Report
Liverpool weekly cotton statistics show total exports and imports, stock levels, and ships afloat, with American and English takings cited. The New York market section reports dramatic overnight gains, Liverpool cables of shortages and a corner in January February, with months March May July active and prices rising before late liquidation and renewed buying pressure.
MENTIONED IN THIS ARTICLE
Liverpool
New York
Iverpool
Cotton Market Sees Record Breakers And Margin Demands
The market closed near highs with prices up as much as 75 points on strong demand and tight supplies. Dealers imposed margins of 5 to 10 per bale, with some early buyers awaiting deposits before executing orders. Traders noted extreme volatility across New York and New Orleans as bulls pushed up prices amid shrinking stock and anxiety over future supply.
MENTIONED IN THIS ARTICLE
Cothran & Co
New York
New Orleans
Atgok
Brooklyn
J. L. McLean & Co., Bankers
Broad St
Crown King Gold Mine CO
Wall Street buys large cotton lot boosts futures gains
In New York January 30 a Wall Street house bought between 76 000 and 100 000 bales of cotton, absorbing bulls offerings and lifting futures locally while spot markets lagged. Dry goods trade closed quietly with firm staple prices and cautious buyers. Liverpool opened higher, then futures eased but closed with gains as bulls supported market.
MENTIONED IN THIS ARTICLE
Liverpool
Hubbard Bros. & Co
New York
Freen Laverpool
Vance
Wall Street
Hayera
London Wool Market Auctions Close With Broad Overseas Demand
London market reports 13,807 wool bales offered with scoured and medium fine merino in plentiful supply. French and German houses quickly took many lots while Americans bought a few creasies. Sales by region include New South Wales Queensland Victoria South Australia Western Australia New Zealand Cape of Good Hope and Natal with varied prices for scoured and greasy wools. The sale closes Monday.
MENTIONED IN THIS ARTICLE
London
New South Wales
Queensland
Victoria
Bates
South Australia
West Australia
New Zealand
Cape of Good Hope
Natal
Metal and Livestock Markets Mixed in January Trading
Across New York and St Louis, metal quotations held steady with copper and tin near prior levels while lead and spelter showed slight moves. In Chicago and Kansas City live stock traded weak to steady with cattle and hogs showing softer prices, and sheep receipts light. naval stores and cotton seed markets varied by region with tone firming in some oils and meals hitting mixed levels.
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