Sharp Advance After Report Sends Cotton Prices Higher
New York July 3 The government cotton crop report issued today proved less favorable and sparked a sharp advance in prices with futures up 24 to 28 points. Opening steady down 2 to up 1 point, trade was quiet as reports of continued showers in the eastern belt and bullish acreage data supported gains. New Orleans prices rose amid firmer Liverpool activity, while receipts at major ports showed reductions from last year. The market closed strongly higher in most months, with July up and new crops advancing, close to the day’s best barely.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Galveston
New Orleana
Houston
New Orleans
Becausn
Duncan
Sparker
Rehl
Hubbard Bros. & Co
Tha Journal of Commercs
Fforta
Lverpool
John F. Black & Co
Haere
Iirse
Esteady
Havre
Hamburg
Saatea
Bravisian
Agalnet
Santus Cabie
Santos
Cordova
Sudrwary
ROTEL
Anil Oo
Rapiag
Wee
Matiz
ATI
Togpris
Stock market opens with mixed gains and losses in July
New York July 3 The stock market opened with advances of 1 to 2 points amid mixed sentiment. Analysts tied the move to Democratic convention outcomes and Washington politics, while others cited earnings reports and weather market factors. Downticks appeared in tobacco and some rails as the day progressed, with some groups like the dial improving on crepe prospects in the northwest.
MENTIONED IN THIS ARTICLE
New York
Washington
Treaury
Dial
Northwest
Ontario and
Western
Minneapolis
St Paul
Sault Bee Marte
Kegen
Delaware and Hudson
Denver
Rio Grande
Honda
United States
Rainfall Dampens Bulls as Wheat Rises in July Trade
Chicago and New York dispatches describe rain and cooler weather easing crop fears, with wheat edging higher while corn and oats weaken. Prices show mixed movement across futures. July wheat advances to around 1.01 to 1.05, while corn slips on bearish estimates. Provisions rise slightly on tighter meat supplies. hog prices gain. Cash wheat and futures quotes from Chicago, Kansas City, and Liverpool reflect varied demand and regional conditions.
MENTIONED IN THIS ARTICLE
Northern
Velvet Enatt
Bartey
Abgbno
Timothy Ened
St. Laws
Inglis
Cate
Kanaas City
Mluth
Rob Afinar
Ber
Aesoun
Ehepments
Wenkexport
Mity
Revelpta
Shipmenta
Alis Cincinnati
Ryasary
Financial News Roundup From July 4 Market Reports
Treasury figures showed a working balance of 9 million plus in treasury offices and a general fund near 189 million. Money on call steady in New York, with sterling at 4.85 for 0 day bills and 4.8735 for demand. London open steady, then declines led by steel stocks. Paris and Berlin exchange rates noted. Mining and metals prices fluctuated with copper and lead quoted. naval stores and turpentine markets reported firm activity in Savannah and other ports.
MENTIONED IN THIS ARTICLE
Alabama
Thommaeia
Louisiana Amite
Booth
Hermes
Adenitale
Clarksdale
Arkansas -Brinkier
Poonessee -Drerebuny
Naval Stores
Savamah
Turpentine
Ahige
Tau Rosin
BTR
Peel
Panda OB
BOTA
Ohue
Wimington
Meatton
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Sans Bod
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Bt Sud
Gard
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Yelowest
Ceputte
Treasury
Washington
United States Treasury
Ip Banke
Philippine Treasury
General Fund
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Money and Exchange
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Prime Mercantile Paper
Sterling Exchange Fim
Commercial Wits
Berailrer
BIM
Mexican Dotlans
Tau
Alls Chalmers
Cotton Gil Car and Foundry
Atchison Gen
Aesa
Baltimore and
Ohio
Ole Am
Steel Foundries
Baltimore
W. Bike
le Am Sugar Refining
Gentral Brooklyn Transit Av
Bes
Georgia
Ja Oh Am
Woolen Tobacco
Torr Central Leather Taian
Centra R
N. J. Gen
Anaconda Mining
Chesapeake and
Atchison
Chicago
Alfon 3A
B and Quincy
Oul
Chicago, RI
Palor
Col
Canadian Pacific
Colorado Taduetrial Bo
Colorado Midland
Central of
Colorado
Awy and Hudson cv
Chesapeake and Ohio
Delaware
Alton
Denver
Hio
N. Ww
Erle
Louis
Colorado and Southern
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Raf
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Japan
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Netonai Hys. of Mexico
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Harvester
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Bradstreet reports shifts in world supplies July price notes
Bradstreet notes declines in wheat and corn supplies across United States Canada and Europe with total American and European stock down 10 121 000 bushels and 322 000 corn losses. Wheat declines for U S West Rockies and overall Canada and combined regions total 4 521 000 bushels. Other items include flour hay wool duties butter eggs and poultry price steadiness across several markets with regional variations and remarks on dullness and steadying trends.
MENTIONED IN THIS ARTICLE
Bradstreet
New York
United States
Rockies
Canada
Adoni
Europe
Canadas
Qate
Cotton Seed Oil Market Report July 2
The market faced weakness from the government report while covering shorts. Prices for Cotton Seed Oil futures closed higher on nearby and delayed months. spot prices showed variability with prime crude and meal values listed and futures quotes for terms like December and January.
MENTIONED IN THIS ARTICLE
York
Grater Yellow
Cnalee Sake
Government crop report spurs grain market rise
Gibert and Clay New York notes today a 7 percent drop in acreage and a 1 percent improvement in the crop last month, causing a 25 point market advance on heavy public account buying. Some doubt the government figures but most traders accept the report. Spot houses boosted demand while selling focused on existing contracts.
MENTIONED IN THIS ARTICLE
Gibert & Clay
New York
Fractional Lot Trading and Security Orders Offered
Stock and bond services advertise margin trading and fractional lots with orders in cotton and grails. J F Pierson Jr and Co, NYSE members, handle executions from one share upward from 74 Broadway, New York.
MENTIONED IN THIS ARTICLE
Statistical Department
J.F. Pierson, JR & CO
N. Y. Stock Exchange
Broadway
New York City
John FF. Black & Co
New York Cotton Exchangez
New York Coffee Exchange
The
Corn Exchange Bank
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eLoudy
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V. Pres. and
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E C
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Candler
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