Quiet Session in Cotton Market as Prices Dips Near Day's Low
New York July 17 The cotton market opened steady and slipped 21 points lower to near day’s low after Liverpool tables. August fell to 11.90 cents, down 27 points, September to 10.43, down 46. Later months rallied on buying by the New Orleans clique, July stayed quiet, and the close showed 1 to 3 points near the day’s low. Sales estimated at 150,000 bales.
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Dry Goods Market Signals Small Trading Activity in New York
In New York on July 17 dry goods trading remained minimal as buyers avoided speculation despite a generally strong future outlook. Prices looked toward a higher level, but the current statistical position did not spur anxious buying. Atlanta Brokerage Co. notes caution in the market. The report contrasts with crop-focused sentiment in Chicago, where wheat estimates and weather news dominated trading, and mentions slight activity in corn and provisions amid mixed near-term outlooks. Liverpool cables influenced cotton futures with late-day weakness after an initially firmer session, while Western rain drew concerns of potential crop impact.
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Weil Bros Crop Letter from Opelika Alabama
The July weather brought alternating rain and sunshine aiding crop growth. The plants are green, thrifty, healthy and blooming but two to three weeks late compared with normal seasons. In grassy localities, substantial work will be needed as the crop will not be laid by July 11 or August 1 and may extend late.
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Cotton Market Outlook Reflects Brightening Prospect
August crop prospects look promising though late and uneven with favorable weather aiding growth. Mills, previously considering shutdowns, are resuming operations as demand steadies and local prices remain near reasonable levels. Reports from New York indicate dull opening but improved sentiment for the new crop months and steady to firmer near positions amid ongoing weather and export developments.
Cotton Futures Open Mixed as Prices Fall Briefly
Atlanta Brokerage Co reports New York July 17 prices. First prices in cotton futures were 6 points lower to a 3 point advance. After a interval of irregularity there was a firm tendency and months showed losses recovered. Brokers with New Orleans bull contingent provided support. Liverpool market steady. Crop weather favorable. Port receipts about 1000 bales. Movement for next week was bullishly inclined.
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London Wool Market Opens with Strong Attendance and Firm Prices
The London wool rug market reports 12 455 bales offered with large attendance. Fine wools firm while coarse and mid grades rise up to 10 percent. Regional lists show varied scoured and greasy prices across South Wales Queensland Victoria South Australia Tasmania New Zealand Cape of Good Hope Natal.
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Wheat Market Ends Firm After Late Session Strength
Chicago July 17 Wheat shows late session strength and closes firmer with September up 1-4c. Corn steady and slightly higher. oats quiet and steady. Provisions stronger, pork and lard higher. Cables bearish on crops early, cash demand remains solid. deliveries and receipts noted across Minneapolis, Duluth, and Chicago.
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Grain and beef markets mixed with regional price reports
Wheat and flour futures edged higher while metals and meats show mixed moves across cities. Reports from St Louis Atlanta New York and Chicago detail prices for flour pork lard bacon coffee peaches turpentine and live cattle with notable firm tones in lard and pork futures and steady cattle bids in Chicago and Kansas City.
Livestock Market Receipts And Prices Decline Slightly
Market receipts show varied bids for cattle and calves with cows and heifers around 2.20 to 3.50, steers mixed, hogs at 5.60 to 5.80, and sheep steady with muttons near 3.50 to 4.60 while stockers and Texans list mixed values. overall market sentiment remains cautious.
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