Cotton advances on shorts covering in volatile market
New York May 7 cotton prices rose on covering and demand amid weather fears and expected large shipments from local stock. After an initial firm open, prices eased then firmed. closing net gains of 1 to 11 points. Spot middling 12.00, gulf 12.25. Semi weekly interior movement and oil prices also noted with mixed futures.
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Atlantic States
Contt
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Winch
Wheat Market Rebounds on Export Sales and Keystones
Chicago May 7 Good export sales of wheat lifted a weak market with July and September futures up 1 8. May slipped 3 8 1 4c. Corn rose about 3 8 1 2 to 3 4 7 8c while oats gained 1 3 8 to 6 8c. Provisions fell 2 1 2. Bulls cited 250000 bushels of export sales and oversold shorts. Domestic weather and foreign crop prospects fueled the turn, with reports Ohio and Michigan crops improving. Argentine corn harvest hindered by rain. Primary wheat receipts topped 703000 bushels, last year 265000. seaboard clearances 276000.
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Chicago
May
Ohio
Michigan
Seaboard
Cotton market steadies amid cautious trading and moisture concerns
The cotton market posted a steady tone with professional traders preferring moderate profits and shorts covering on cool weather and dry Atlantic states. Spot prices held, with middling around 12 1/8 to 12 9/16 cents and a cautious close showing 8 to 12 point gains, amid hints of a stronger new crop.
Grain and Cotton Prices Across Markets May 7
Trading reports show cash wheat and corn values across St Louis New York and Kansas City with mixed results. Cotton futures steady in Liverpool while US cattle hog and sheep receipts shift prices across Chicago Kansas City and Savannah markets.
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Market Opens With Weather Worries and Bearish Sentiment
John F. Black & Co reports poor start for new crop conditions with rain shortages in the eastern Delta and sprouting issues. Shorts grow nervous as buyers estimate at least 15,000,000 bales of American cotton needed this year, while futures show tentative support and a mixed, cautious tone in New York and Liverpool trade.
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New ‘York
Samy Y
Wall Street
Liverpoo
Market Report from New York and Liverpool Trade Winds
Gibert and Clay report dry weather east of the Mississippi and strong Liverpool trade advice aiding a 25 point rise in the level market. Buying comes mainly from short interest with commitments seen for long term sales around 11 cents for the new crop. prices discount the prospects of the fresh crop.
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New York
Mdly
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Stocks End Day Up After Mixed Session In New York
New York May 7 after a day of mixed movements the stock market closed with substantial gains for many important stocks as buying surged in final trading. Harriman stocks led late upturn with Union Pacific supported by reports of quick compliance with the supreme court dissolution decree. Bond market rose with total sales around 2.9 million par.
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Coffee and sugar markets mix signals in New York trading
Coffee futures opened steady with small gains on renewed demand amid Brazil crop concerns and Santos labor news. Rio, Santos, and Brazilian port receipts cited with mixed changes. sugar and molasses quoted steady. cotton markets reported steadier gray goods and firmer finished goods with light trading and jobbers fetching modest activity.
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Santos
Havre Os
Hamburg
Paulo
ULBB
AL Saeit
Ene
IERG
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