Cotton Declines From 8 to 16 Points After May Trading
New York May 2 The cotton market edged lower after a small early advance. Prices closed down about 12 to 17 points from the session high, with May notices circulating and bears testing by recent buyers. Weather and crop advices supported selling while foreign buying and near term activity kept some demand. Middling uplands quoted 11.35 and do good? at 12.10. sales were light.
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Wheat Leads Market Rally Amid War Rumor Closing Strong
Chicago May 2 Wheat rallied to closing figures on unconfirmed Montenegro threat rumors. Corn and oats mixed with slight gains for corn and losses for oats. Provisions fell as world lard stocks rose, while export payment disputes and a large winter wheat crop pressured prices. Primary wheat receipts reached 687000 bushels with seaboard clearances of 666000 bushels.
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New Orleans Gotten Prices Rise as Market Steadies
Market reports from New Orleans indicate renewed aggressive price moves for cotton with a general rise from intraday lows. Prices closed modestly higher on demand with spot demand steady and middling quotings around 12.4 to 13.0 cents, receipts around 23,000 bales in balance with per cent acreage reports increasing.
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Yeaterday
Market declines temper selling as crops boost sentiment
The New York market opened near yesterday's levels but softened, with mild selling pressure and speculation of a rebound amid favorable crop reports. Dry weather in some areas affects germination, while moisture earlier in spring supports prices. May falls 18 points, July 3 1/2, October 8, December 10, with outlook tied to Belt weather and Liverpool’s anticipated drop.
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Grain and market notes from Boston to St Louis May 2
Grain prices and futures near terms with wheat and corn futures quoted in Boston New York and St Louis. We note May close for wheat at 1.96 for May and 1.85 for July. corn May at 85 and July at 55. A shift toward European demand and war news is noted with bearish sentiment on weather and crops. Receipts reported for flour and grains across cities. market movement described as tentative amid wartime uncertainty.
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Lagging Tendency in the Stock Market Report
New York May 2 Speculation stalls as recent stock gains fade. Trading shows narrow, irregular movements with few large advances. European markets improve risk. London trades about 5090 shares. Weak spots emerge among inactive issues like Pullman and Virginia Carolina Chemical. Bond activity remains uncertain as totals show modest U.S. bond sales.
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London Stock Market Opens Higher on Wall Street Gains
London notes cheer in wall survey and Balkans calm lift stocks. American securities open steady to fractionally higher as profit taking tempers gains. Late trading sees renewed firmness. market closes steady. Bond and money markets show Cuncoma rates at short and three months around 4 percent.
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Foreign Finances Paris May Weekly Bank Statement
Paris reports a weekly balance showing circulation up 188,625,000 francs. treasury deposits down 3,075,000 francs. general deposits down 47,575,000 francs. bills accounted up 161,525,000 francs. advances up 9,800. Paris May 2 markets note rates and exchange with London and Berlin quoted. New York stock activity steadier with mixed European influence. commodities and metals mixed. April’s world balance expected to show a decline.
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Market and commodity notes from New York and Chicago May 2
Multiple market updates across Chicago and New York on May 2 cover butter creameries and eggs with mixed prices, poultry items like chickens, ducks, and turkeys, and potato and cheese movements. Treasury statements show working balance and receipts, with copper, lead, and zinc quotes and London cotton and exchange rates.
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Naval Stores and Commodities Market Report May Update
New York markets show cotton seed oil prices and related commodities with May and June futures. Prices moved slightly down on May receipts while crude oil offerings rose, with notable activity in cotton seed products including oil and meal and varied imports and exports data for New York port.
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