Cotton Markets Open and Close Higher on Weather Reports
New York June 1 The cotton market was irregular but firm through the afternoon closing steady after a late advance. Weather reports and better cables supported gains with October trading around 11.86 and active months up about 17 points before profit taking. Southern spot markets held steady while receipts at ports totaled 7,116 bales. New Orleans and Houston showed mixed declines and gains amid a bullish private crop outlook.
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Arkansas
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Wheat Market Rises On Damaged Kansas Crops Outlook
Chicago and New York trading reflect renewed wheat strength as damage reports from Kansas and Oklahoma raise worry of poor yields. September wheat climbs about 1 to 2 cents with corn and provisions also gaining amid bullish Bar updated supply concerns and early threshing results.
Cotton market soars on Gllee report predicts limited world crop
New York data from the Gllee report indicates the crop at 68.7 against 43, with a world supply likely about 11,100,000 bales. Spinners are locked into year ahead contracts at 12 to 14 cents. southern planters eye reduced selling. A local New York clique is rumored to hold at least 160,000 bales short as the market rises.
MENTIONED IN THIS ARTICLE
New York
Dana
New Tore
I Strowty
Tho
H Prich
Livergoc Grain Market Liverpool June 12 Wheat Prices
Grain market notes show wheat steady at 114 in futures with July and September contracts cited. Corn futures listed at 48 while spot prices appear steady amid trading.
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Liverpool
Sunewy Eee
Ilasaweeazy Esa
Ted Weatern
California
King's Financial Bulletin Ad Promises Truthful Investment Guidance
An advertisement invites readers to join King's Financial Bulletin, a free weekly financial newspaper promising the truth on investments. It touts no advertising, a Bureau of Investigation led by William B. Snow, and access to free inquiries about securities. It claims a 50,000 subscriber base and offers free delivery via mail.
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