July Cotton Market Shows Short Covering Amid Bull Rumors
New York reports July shorts covered as indictments against bull leaders fueled demand, lifting July to around 16.76 before easing. Market closed firm with a net gain of about 7.49 points, amid rain in the Mississippi valley and mixed futures activity. Receipts: New Orleans 1,866 bales, Houston 1,718, weekly totals 75,900. Chron spot closed quiet with middling uplands at 18.75.
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New York
Una
Seubecy
Liverpool
Manchester
Rome
New Orleans
Financial Market Ends Rally on Copper, Rates and Banks
New York July 13 stock speculation showed an uneasy tone amid copper pressure and anticipation of rate decisions by the Interstate Commerce Commission. Prices rallied late on strong bank results and favorable crop reports, with Amalgamated Copper sinking to a yearly low before a copper rebound abroad. Money on call steady, and London and Paris markets showed mixed movements as investors weighed rail rate suspensions and bank health.
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New York
Foreign Office
United States
Shorts
Atocks
Amalgamated Copper
London
Atock
Telef
Interataca Commerce Commission
New Orleans Cotton Market Opens Steady Amid Rain Backdrop
New Orleans cotton prices opened steady with middling around 14 1 16 cents and receipts at 1.86. Trade noted afternoon gains as weather in the cotton belt influenced sentiment, with July and August futures up amid bear watching and reports from Liverpool about cloth turnover. Harris & Company of New York announced a $6.5 million purchase of First Mortgage 5 per cent gold bonds of the Sierra and San Francisco Power Company.
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London
New York
Vllinois Central
Loutaville and
Nashville
Southern Railway
Harris & Company
New York City
Sierra and
San Francisco
Sierra & San Francisco Power
United States Mortgage and Trust Company
The
San Francisco Power Company
United Railoads Company
Liverpool Cotton Prices and Trading Update
Liverpool July Li market reports a moderate cotton trade with prices easing for American middling and fair grades. Daily sales reach 3,000 bales, including 500 for speculation and export, with 2,790 American bales traded. Futures opened easier and closed quiet across Dec Jan and Mar Apr deliveries.
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Liverpool
Aaverpool
Cotto Anak
T.al
Ordingry
Dry Goods Market Signals Quiet Trade in July
The New York dry goods markets show quiet steady activity with underwear and hosiery purchased for spring delivery at low prices for the coarser end. Southern and western buyers are buying more wash goods. Sattis are bought for fall and foulards ordered for the coming spring.
MENTIONED IN THIS ARTICLE
New York
Market report on July grain options and weather fears
Argo Jester and Co report a July advance in short covering lifting the option price while overall market changes are small. Favorable crop advices ease demand for new crops, yet fears of bad weather keep buyers cautious. Traders expect only modest near term moves, with resistance to declines stronger than to advances and Liverpool futures rising.
MENTIONED IN THIS ARTICLE
Argo, Jester & Co
New York
Liverpool
Treasury and market updates from Washington and London
Washington opens with a Treasury statement showing balances across trust funds general fund and subsidiary silver coin while gold holdings and liabilities are listed. London confirms Lazard Frères arranging 1,990,000 in gold for shipment, with New Orleans set for July 18 and Liverpool grain futures closing with No 2 red western wheat and corn prices noted.
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Treasury Statement
Washington
Treasury
Trust Fonds
General Fund
United States
Liverpool Grain
Liverpool
Getober
Galveston
Rain DAKOTA Rain lowers wheat prices and corn gains
Rain in North Dakota shifts market sentiment as wheat prices slip about one to two cents while corn edges higher. Soybeans and oats show mixed movements with hogs and pork also advancing. Chicago and other markets report subdued milling activity, strong cash wheat, and notable rain-driven price shifts.
MENTIONED IN THIS ARTICLE
North Dakota
Chicago
Canadian Northwest
Philadelphia
Northwest
Dakotas
Thor
India
New England
Ronge
Iowa
Guise
Lbr
Minneapolis
Duluth
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Pather Heavy Ralna
Pather Heavy Ralna In the Central Portion of the Cotton Belt
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