Cotton Market Mixed Amid Rain and Delayed Movement
Cotton prices drifted in a volatile session with July and August futures seeing sharp moves as shorts covered and profits were taken. Liverpool and New Orleans cables influenced sentiment, while Texas moisture and crop conditions remained the key backdrop for trading in New York and Atlanta.
MENTIONED IN THIS ARTICLE
York
Liverpool
E-Pock
Murphy & Co
New York
Lterpool
Texas
Alabama
Anmjere
Little Rock
Montgomery
Wort Staith
Atlanta
New Orleans
Chicago and Alton
Iilinoia Central
Missouri Pacific
Texas Pacific St. Paul
Union Pacific
St. Paul
London
Washington
Senate
Cuba
United States
St. Louis
Armour
Onta
Cudahy
Spiiter
Northern
Southern
Glastow
Mindhesboro
Recelpta
Cordova
Cotton Market Sentiment in Reported Texas Conditions
A fragment discusses cotton market outlook with references to government reports mailed on the 26th and a consensus that average condition may be 80 to 90 percent, up from 51 percent last year. It notes conservatism among producers and limited willingness to adjust positions for the month due to heavy discounts.
MENTIONED IN THIS ARTICLE
Texas
Speculative Outlook from Henry Clews & Co on Rates and Credit
Henry Clews & Co New York reviews stock market trends noting a tightening monetary situation and expected easier rates for six to eight weeks. They foresee firmer rates after July as treasury funds absorb less due to tax cuts. Credit has expanded, banks hold about 889 million, withEurope’s softer conditions aiding possible gold exports. Transvaal gold production and domestic shipments influence outlook amid optimism and caution.
MENTIONED IN THIS ARTICLE
Murphy & Co
New York
Stock Exchange
Edward
London
Pennsylvania
Missouri Paeke
Texas
St. Paul
Union Pacific
Canadian Pacific
Colorado Furs
Lyon
Western Union
Henry Clews & Co
Treasury
Europe
Transvaal
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le Funz
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Cotton Region Bulletin
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