Cotton Groyns Sharp Advance Amid Active Trading
New York June 24 The cotton market showed increased activity with a sharp advance after opening barely steady. Prices moved to near daily highs as bulls returned with external demand and better south weather reports while receipts at ports rose to 4,788 bales. New Orleans spot prices held firm middling 12 3 4 cents as futures showed steady to higher trading amid favorable weather outlooks and cautious selling by shorts.
MENTIONED IN THIS ARTICLE
New York
T & Wew
Ptoples
New Orleana
Houston
New Orleans
Liverpool
Shorts
CrossiCrass
Assiz
Tata
Viger
ELS Vt
Asante
Sadana
Chicago
Dairies Ite
Buttar
Celpta
Cincinnati
Hutter Steady Creamery
The Range of Cotton Options
The New York Cotton Exchange moves to broaden trading by listing a wider range of cotton options. Traders expect increased liquidity as new contracts appear, with prices and volumes tracking global demand shifts and weather unfoldments across cotton belts.
Gold shipments and metal market tremors noted in New York
Gold shipments to Europe continue as Goldman, Sachs & Co engages 1,000,000 for Paris while Heidelbach, Teckelheimer & Co and Lasar Freren each commit 1,000,000 for Paris. Tin and copper futures slide in London, with local markets dull and prices easing. Treasury balance reported at 250,951,823 with gold assets strong. The New Orleans market cites weak cotton, lower futures, and favorable Texas crop outlook amid weekly liquidation.
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Berope
New York
Europe
Derg
Goldman, Bachs &Co
Paris
Heidelbach
Tekelheimer & Co
Laserd
Freren
London
Easoo
Boeiter
Stendard Foundry
Cleveland
Lotallr
Grain market declines amid longs selling and favorable weather
Grain markets fell as long positions were dumped despite favorable U S and Canadian weather. Wheat slid after an early firm tone and a sharp oats drop, with prices near day lows. Corn and oats followed suit as bearish sentiment grew, with ample receipts and weak demand weighing on futures.
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Chicago
Becaus
Iberal
Longs
Liverpool
Canada
Minneapolis
Wuoluth
Cares
Tocal
Cotton Crop Report Signals Weak U S Outlook
New York June 24 report based on June 9 data shows slow improvement in cotton crop condition but still well below normal. Abandonment of about 4.7 percent of May acreage cited, with widespread regrets over low temps delaying growth in North Carolina Virginia South Carolina Georgia Oklahoma and Indian Territory. The total indicated U S cotton area stands near 30 418 000 acres after replanting many times, with a grim global outlook if cool or wet weather persists. Theodore Price signs the report.
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Am Ice Soc
Atchison General
Atlantic Coast
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R. T
BOK Ags
Jas
Ite Central
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Lat Inc
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Atohleon
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Chicago and Alton
Quincy
Chicago
A Pacific RR
Colorado Industrial
Lolagan
Canadian Pac
Colorado Midland
Mer
Chee
Colorado
Southern
Denver
Rio Grande
Chi
St. P
Erle Prior Len
Ee Aly Lo
Hocking Valley
Japan
Bi Colo
Loulaville
Nash
Manhattan
Bia
Louis
Weitiers
Consol
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Norfolk and Western Consol
Oregon Short Boy
St. L
Tron Mountain
Tawa Cen
San Francissco F
Louis S' Western
Fanaa Kansas C
Tnion Pacifi
Mianouri Pac
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Asy Western Md
Wheeling and Lake Erie
Wisconsin Central
NY Central
Carpenter, Dargat_& Co
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York
Tune
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Pacine M.es
Pennay
Centian
Depid
Oacon
Fie
Ise
Tay
Man
Rock Island
Minas
Ani
Mar
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Texas
Pac
Betes Do
Well Fargo
Livernacl
Forthern Pac
Pta
Tor
Central States
Texas News
Ita Ietheray
New York
Nc.gc. Ge. Fin. Als. Misc
Tex. Ark.Tenn
Okla
Io. VA
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