Cotton Opens Slightly Lower Amid Unsettled Markets
New York July 20 The cotton market opened slightly lower as selling intensified on favorable weather reports and unsettled London finance news. May futures fell about 38 points, while July and August marks declined to new lows for the season. late day activity showed a steadier close with a net decline around 3 to 5 points.
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Out
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Market News Highlights From Cotton Region and Commodities
Cotton region outlook shows earlier crop movement and improving weather prospects. Port receipts for 24 hours ending July 20 show Gulf and Atlantic totals with New Orleans and Galveston leading. Coffee futures steady with firm cash, sugars remain firm with varied refined categories.
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Official range and sales of stocks and cotton market
New York July 20 The cotton market advanced mildly on short covering amid rains in the belt and cięż de sistance to new long positions. Reports note dullness and potential lower levels on declines, with September and October under liquidation while December purchases persist. Stock markets show gains in railroad and industrials amid favorable trade and crop outlooks, while wheat and imports record strong figures and improving textile prices.
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Grain Markets Weaken Amid Favorable Crop Reports
Chicago market notes show weak grain trading as favorable crop prospects dampen demand. Wheat finished around the day’s low, corn fell about a tenth, oats slipped, and provisions eased on selling by holders. Estimated tomorrow receipts include wheat, corn, oats, and hogs.
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Visible cotton supply shows week decline in New Orleans report
New Orleans July 20 Secretary Fos ter's world visible supply report compares this week with last week and prior years. Total visible cotton stands at 2,505,970 a drop of 188,082 from the previous week with American cotton totaling 1,399,379 and other kinds at 88,000 reflecting declines across all categories.
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Hector
New Orleans
Egypt
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Southern Exchange and Market Prices Report
Market brief from St Louis and Kansas City on July 20 detailing cattle hog and sheep receipts, prices for various classes, including Texan and Indian steers, native cows, and stockers. Also notes on metal market: copper tin lead and iron with locally quoted ranges and London prices.
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