New York Cotton Market Hits New Highs on Demand
New York June 12 The cotton market reached new high records for new crop months amid renewed covering and optimism on demand. Prices moved higher as foreign buying and expectations of tariff relief supported futures before easing slightly near the close. Spot cotton held steady with gains in the futures market reflecting ongoing uncertainty about weather and money outlook.
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New York
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Wall Street
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midMing Uplands
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Cotton Future Prices Rise as July Deliveries Lead
Junked OCR fragment reports cotton seed oil market moves with rising closing prices and July to August delivery notes. Mentions European demand, prime prices, and futures range, though many lines are garbled. Names and coherent facts are sparse, but indicates strong tonnage and Memphis market context.
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Memphis
Tacs
Jonn
Market Summary From New York and Savannah Cotton Rosin
Gilberts and Clay New York June traders note a general market opening with a decline then advances as large July and August demand supports old crop prices. Savannah reports mixed receipts and firm rosin with spirits turpentine steady at 2.54 to 4.80 for various grades. Tar price at 3.50 and window glass mentioned.
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New Yor
Europe
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Mary Wallestrert
Ehort
Liverzont
Market Shares Rise as Cation Active Months Climb
John F. Black & Co reports a strong cation market with active months gaining 12 points. Some shorts began covering but stopped as the market moved up quickly. Traders note a large volume of short positions ready to buy on declines and Liverpool expected to add 1 or 2 points by week’s end.
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Country Produce Prices and Receipts Across Cities
Chicago reports varied receipts and prices with inconsistent text. Kansas City notes creamery and poultry figures on June 12 and includes hens and broilers prices. New York lists butter receipts and cheese firm, with scattered, unclear figures. Lewistown and other entries show poultry and dairy terms with multiple typos and misprints.
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Wheat Strong On Liberal Buying Across Markets
Chicago and New York futures showed solid gains as dry northwest weather fears mixed with strong buying. Wheat rose to 3.5 to 8 cents, corn and oats up, while hogs lifted provisions. exports and primary receipts supported price buoyancy amid widespread investor activity and overseas trade signals.
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Stocks Made Sport Bulls in Control on Wall Street
New York June 12 Wall street shows a genuine bull market as prices rise after a down period. Canadian Pacific Union Pacific Southern Pacific Lehigh Valley and Reading lead gains amid active trading and large block transactions. The rally is aided by hopes the recent decline was overdone and by Secretary McAdoo’s emergency currency plan.
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Treasury StatementShows Walter Staten treasury figures
Washington June 12 The condition of the Walter Staten treasury at the begining of business today was Working balance 00 010 558 banks and Pullpping treasury 91 751 868 Total of general fund 3177 390 960 Receipts yesterday 2 408 709 disbursements 1 432 875 The surplus this fiscal year is 10 100 200 as the result of 3 780 107 last year Figures exclude Panama canal and public debt transactions
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London Stocks Drift and Some Gains on Midday Trading
London authorities report weak Wall Street opening giving way to cautious optimism as U S and Canadian markets move irregularly. Union Pacific gains while copper and steel shares rise. Trading closes steady with mixed results and varied discount rates and money figures across markets.
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Foreign Finances and Market Report Highlights
A June 12 dispatch covers international money movements with Bank of England and Paris figures, plus London exchange rates. It notes gold and silver shifts in France, Bank reserves in London, and mixed commodity activity including coffee futures in New York with gains on some shifts and losses on others.
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Atlanta Live Stock Market Prices and Receipts
Market news from Atlanta shows cattle hogs and sheep receipts mixed with steadier to higher bids. Quotations cover steers cows and heifers calves and hogs with regional prices and comments on feeder grades and dairy cattle. notes dull market in some districts and overall steady to higher tones in others.
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Emergency Currency Ready for Banks
Washington reports Secretary Mc Adoo said a large supply of emergency currency would be available if banks need it. He stressed the move was not tied to Wall Street conditions. New York bankers predicted relief could ease crop movement strain and bolster business confidence.
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Respite to be granted to commerce court action stalled
Washington June 12 The commerce court will be continued without new funding until the next Congress unless the house Democratic caucus on June 25 or directs otherwise A conference linked to figures Brousard Fitzgerald Clayton Sims and Assistant Attorney General Denison agreed the plan but speakers urged not starving the court and hearings on the Sims bill and Broussard proposal to convert the commerce court into the supreme court in bankruptcy and canal zone cases were expected.
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Sugar and Molasses Prices in New York June 12
Refined sugars generally up 10 cents with various quoted levels for granulated, raw sugar, and confectioners sugar. Centrifugal and molasses prices listed, plus powdered sugar and related products. Phone ad lines for wants and replies.
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