Scattered Selling Pulls Cotton Lower in Latest Trade
New York July 7 Cotton market eased under scattered selling, turning aggressive late trading amid favorable crop news and Wall Street concerns after a Pittsburg failure. Prices net down 7 to 11 points, opened steady, briefly rose, then weakened midday with heavier offerings. Weather forecasts seen favorable, private crop news hints at improving plant condition, while mills and markets abroad kept activity muted. Weekend data appear slightly bullish but sentiment mixed amid Balkans tensions and policy fears in Washington. Spot prices for middling uplands around 12.25 cents, sales 1,799. Weather officials note scattered showers in most regions and cooler, dry conditions in some areas.
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Market signals and weather loom in July New Orleans trading
Bonds and stocks move in a tentative session with undercurrents from the cotton outlook. Prices swing as December grains edge higher on light selling while weather reports depict favorable growing conditions across the belt. Treasury receipts and balances show a mild surplus amid ongoing fiscal activity.
Wheat Falls on Heavy Receipts in Chicago Market
Chicago July 7 wheat declined as heavy new crop arrivals pressed prices. Corn and oats also fell while provisions steadied on higher hogs. Export sales reported and Seaboard clearances reached substantial totals amid improving spring crop prospects.
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Liverpool Grain and Market Summary from New York July 7
Grain markets show futures steady with July October and December shown. U S market reports from New York on July 5 note supplies, with wheat, corn, oats, rye, and barley changes. Chicago and St Louis price levels given for pork, lard, ribs, and bacon while Cincinnati notes steady beef and pork markets.
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Gibert & Clay Business Report Amid Market Quiet
New York July trade notes say business was very small and prices were slightly lower under miscellaneous fluctuations. Weather over the holidays and a favorable crop report influenced sentiment, with the market awaiting a clearer view to scope the trade.
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New York
Turpentine and spirits markets steady amid uncertain trade
July 7 market notes report quiet trading on turpentine and related spirits with some signs of stabilization. Prices for spirits turpentine, rosin and oil components are listed as steady or firm in Savannah and Wilmington. No new receipts in Wilmington while Savannah shows varied price points for several grades.
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Sugar and Molasses Markets Reported in New York
Daily sugar and molasses figures from New York on July 7 show Bolanises steady with New Orleans, open ketal gBg3. Raw sugar prices variously listed with Muscovado at 2.98 and refined sugar mixed with several grades ending at 6.39 for last and other values including 5.20 for crushed, 4.95 for manide, 4.05 for EXEE powdered, and 3.50 for granulated.
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Cotton Region Bulletin
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Stock Prices Lower on Lack of Demand
New York July 7 news of Wall Street was bearish with little outside demand. General quotations fell as trading resumed after the holiday. Focus centered on a Pittsburgh bank sale and receivership, while banks’ reserves showed strength and the time money market firmed. Declines were fractional but numerous issues dropped. bonds faced light pressure. London followed with weak Balkan and Rand mining impacts. U.S. and foreign rates moved, copper and tin fluctuated, and cotton goods markets remained steady amid active grain and fuel-related notes.
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Money and Exchange. Paris Rates and London Bank News
Paris rates show 3% rents and 3 1-2 rentimes for checks with wire accommodations. Private discount around 3 3-4 per cent. London reports large sums taken into the Bank of England on balance today, July 7.
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New York Money Market and Commodities News
On July 7 in New York steady call rate at 1 percent to one cent. mercantile paper 8 percent. sterling weak with bankers bills at 4.9925 for sixty days and 4.5885 for demand. Mining stocks show Arizona Commercial 2 percent, Calumet and Arizona 58, Greene Cananea 5, North Fort was.
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Live Stock Prices and Receipts Across Cities
Chicago and St Louis market reports list cattle hogs and sheep receipts with varied prices. Notable figures include Texas hogs at 8.20 to 8.25 per cwt and steer prices near 7.50, with inventories around thousands of head and specific farm and market notes from St Louis Louisville and Kansas City.
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Flour and wool market notes from New York and St Louis
Fragmentary commodity brief reports quiet conditions in flour markets in New York and Cincinnati on July 7. Wool prices in St Louis show stable ranges with northern and western shipments noted. figures include small variations in price and quality terms.
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