New York Cotton Market Mixed in Heavy Trading
New York reports show nervous, irregular cotton trading with early declines reversed by midday amid Wall Street pressure. July notices circulated while Liverpool reports suggest no short time move. futures closed near the day’s top, with ongoing buyer coverage and spinners’ takings reported strong.
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Cotton Seed Market Steady With Firm Near Positions
The cotton seed market in New York remained firm with near positions showing buying interest while late months stayed steady. Prices were unchanged to up to 14 points higher, with 6,900 barrels traded. Prime grades ranged from yellow to white with varied quotes. Liverpool weekly cotton statistics note imports and stocks, including American imports of about 11,000 bales and total exports around 11,506 bales.
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King Corn Marches Down the Hi Hill Again
King Corn on the Hoard of Trade sent cereal prices down across the board as unexpected rains in Nebraska, Kansas, Iowa, and Minnesota spurred selling. Trading showed renewed excitement though the day closed with mixed shifts in corn and wheat, while provisions slipped.
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Sugar and Molasses Market Notices
New York on July 22 reports raw sugar prices for Buscovads in multiple tests with 9 test at 1.81 and 96 test at 4.26, and molasses at 61. Refined products show steady values, including 1 4-86, a miated 6.15, and powdered at 0.6. New Orleans markets are open with “Other Markets on Page 18.”
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