Cotton Market Break Hits Futures Decline in May Trading
New York May 31. Cotton futures slumped with July off to 14.13, down 74 points at one point, later stabilizing to close 60 points lower. Liquidation and bear pressure drive prices, while gains were seen only briefly amid mixed weather and reports. Spot markets in New Orleans and New York showed quiet activity and widespread weakness across contracts, with May offering 14.50 and new months showing notable losses before partial recoveries.
MENTIONED IN THIS ARTICLE
New York
Chicago
Alde
May
Patten
National Gunners’ Association
Gav- Proments
New Oreans
Houston
Laerdeany
Gulf
New Orleans
New Orleana
Activa Gellverien
Shorta
Mena
Galvernion Mobile
Pensacola
Savannah
Charleston
al Norfolk Wilmington
Philadelphia
Port Townsend
Aif
Memphis
Augusta Louis
Little Rock
Galveston
Liverpool
Averpeal
Maydune
Argo, Jester & Co
Atlanta
Mobile
Baltimore
Boston
Continent
Saveenah
Norfolk
Japan
Mindiing
Brock
Augusta
Cincinnati
Loutaville
Weather and market notes for southern states
Weather over the past forty eight hours was generally fair with moderate rains in parts of Alabama Mississippi Oklahoma Arkansas and Texas The report lists rainfall amounts in several cities and notes temperatures remaining high Also included are figures for naval stores futures with turpentine and rosin sales receipts and stock levels at Savannah on May 31 listing no sales and slight activity in shipments
MENTIONED IN THIS ARTICLE
Alabama
Missinnspot
Oklahoma
Arkansas
Texas
Brinkley
Eliora
Pine Bluff
Little Rock
Prescott
Texarkana
Ark
Greenville
Misa
Correction
Newtern
N.C
You Heremann
Bastion Drector
Weather Bureau
Naval Stores
Savannah
Nhea Wander
Water
Chock Seton
Turpenhae Seeady
Ees
Market Decline Fueled by Expected Western Rail Rates
New York May 31 stock market turnover rose again as prices fell on news the justice department would seek an injunction to block the planned June 1 freight-rate increase by Western railroads. May's market had already priced in this possibility and the day closed near its lows, with bonds easing and reports of Western and Southern banking strains adding to the cautious mood.
MENTIONED IN THIS ARTICLE
New York
Western Railroads
Western
Washington
Senate
May Schown
Interstate Commerce Commission
Parla
Chicago
United States
Wheat Prices Drift as Stocks Weaken and Cotton Edges Higher
Chicago May 31 Wheat prices fell on weak stock and cotton markets despite some support from corn. Liverpool declines plus long liquidation weighed on sentiment. May deliveries limited to 405,000 bushels. cash No 2 yellow at 68.5 to 69.5 cents. Prospects for reform in the new crop remained uncertain as rains and replanting affected futures.
MENTIONED IN THIS ARTICLE
Liverpool
Galveston
Chicago
Baturdey
Ahorts
New York Stock Exchange
Kansas
Foreign Finances and Market News From London and New York
London reports bullion totaling £265,000 brought to the Bank of England with private discounts at 3 percent. London stock and American securities show dull activity with minor changes as Wall Street opens lower. Consols and railway stocks quoted, alongside mining shares and an extra dividend for International Nickel. Bradstreet notes forthcoming grain data while wool markets in St Louis and Boston inch toward seasonal steadiness with Oregon and Wyoming samples arriving.
MENTIONED IN THIS ARTICLE
London
Bank of England
Berlin
Exchange
Inoon
Wall Streets
Wall Street
Anay
Dlinola Central
Loulaville and Nashville
Bouthern Railway
St Loui
Boston
Oregon
Wyoming
Live Stock Markets Across Major U S Grain Bids
The report aggregates cattle hog and sheep receipts from Chicago St Louis Kansas City and Louisville with prices and market trends. Cattle receipts around 2000 in Chicago and 4606 in St Louis show steady to mixed bids for native and Texas stock. Hogs and sheep likewise steady with varied ranges, while New York notes a May 28 grain supply with notable decreases in several grains.
MENTIONED IN THIS ARTICLE
Chicago
St. Louis
May
Cattie
Texas
Kansas City
Bull of Wales
Loularitte
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Watton
Honduras
Mer
American Agricultural
American T. and
T. Av
Bae
American Tobacco
Do. Ba
Armour & Co
Nk Do
Tata Am Steel
Ohio
Brooklyn
Chesapeake and Chicie
Chicago and Alton
Quincy
Chi
Colorado Industria
Colorado Midland
Colo
Alton
Delaware and Hudson cv
Great West
Denver
Rio Grande
Boy Distillera
Interborough Usiness Central Stret
Inter
Merc. Mi
Lake Shore
Loulayne
Nash
Kan
Missouri Pacifhc
Mexico
Northern Ore National
Eau
Iowa Central
Pennsylvania
Fran
St Loula
San
Ana
Minn
St L
Sault Ate M
Iseahnard Air Line
Southern Pacific Col
Fg Ag Flo
Missouri Pac
Southern Pi Tig
Union Pacific
Rys
Central
Rigay
T. & Steel 2A
Chemateat Ss
North Ameria
Northern Pac
Pacific Mail
Awestern
Maryland
Pennsyveni
Wastinghauke Electric Ev
Wiaronaln Central
P.C. Cana
Migsouri Pacific Av
Pittaburi Coal
Prose Steel
Stlanta
Chatamooga
Sheffield
Columbus
Clear
Guineaville
Ou St
Griffin
Cloudy
Macon
Monticello
Newnan
Rome
Glovay
Union Pac
Te Spartanburg
Cloud
Tallapoosa
UWS Realty
Coudy
US Steel Bo
Utah Copper
Bavannah
United States Steel
Oxlanoma
Money and Exchange
Sterling Exchange
Treasury
Minorein
Tm General Fund
Ocean Passage
Hubbard Bros. & Co
England
Mustaveda
Oates
Minneapog
Duluth
Jacksonville
Fla
J. H. Hilsman & Co
Alonzo Richardson & CO
Certified: Public Accountants
Empire Building
Atlanta, Georgia
The
American Audit Company Home Office
Broadway
New York City
F. W. Lafrentz
Theo. Cochhu, Jr
Levy
A. F. Lafrentz
Treas
Waldorf-Astoria
Boston—Exchange
Colorado
Maison Blanche
Keyser
Richmond—Mutual
C. B. Bidwell
P. Telephone
Fourth Nat'l Bank
Marquette
Bellavue-Stratford
San Francisco
Clause
Eng
RCG
Grethsm Street Bank
Fourth National
Améit
Atlanta National Bank
Vearean
Bogton
Arizona Commercial
Butte Coalition
Calumet and
Arizona
Greene Cananea
North Butte
International Nickel Company
Bradstreet
Cuit Frank Ey Stock Co
Robinson-Humphrey Co
Atlanta, GA
Hillyer Investment Co
Uambler
Maic
Garam