Cotton Futures Dips After Heavy Afternoon Selloff in New York
May 1 report notes a stronger opening for cotton futures but late session selling drove prices down. New Orleans led the downturn with declines of up to several points as interbank and outside investor activity shifted to the short side. Despite steadying early July and August, the market weakened after noon with broad selling and weak Southern spot markets weighing on values.
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New York
Liverpool
Wall Street
Tirmaena
South
New Orleans
Sathern Exchange
Tton
Liverpook
Ll Érpool
Deliyeres
Hubbard Bros. & Co
Munn, Son & Co
Texas
Broadway
Cincinnati
Comanche
Meridian
Dizs
Alvin
Hennessy
Murphy & Co
Mhorta
Commercial
London
Mati
Cotton Quotations and Futures in May Market
Spot quotes from multiple cities show middling cotton around 9 to 9 13-16 cents with quiet to steady markets. Liverpool May 15 reports demand with prices near unchanged. New York and New Orleans scenes show steady to quiet trading, with futures opening easy and closing steady amid mixed receipts and stocks.
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Atlanta
Liverpol
New York
Lew Orlvana
Savannah
Galveston
Norfolk
Mobile
Memphis
Augusta
Charleston
Houston
Fury
St. Louis
Liverpool
Catron
Optands
Cnles
Wlatlon
New Orleans
Martle
Bavannah
Wilmington
Atten Ostemdy
Battiers
Boston
Philladelphia
Wales
Cotconenay
Bollers
Huyer
Naval
Murphy & Co., Inc
Chicago
Pryor At
Jackson Huilding
Broadway
Crop reports and market notes from Southern towns and markets
Uriawoldville Georgia reports crop two weeks late with fair conditions while Overton Texas notes ten percent increased acreage and poor cotton stands. Burnel Texas, Childress Texas and Memphis Galveston markets show late declines and dull cotton trading as futures react to bearish crop reports. Prices across New York Chicago and Atlanta reflect weaker grains and mixed stock markets with notable declines in cotton futures and broad commodity activity.
MENTIONED IN THIS ARTICLE
Uriawoldville
Mobile
Memphis
Galveston
Coffee and Sugar Market Report May 16
Coffee futures opened steady with gains to five points on shorts covering and friendly European cables. Markets restrained by large Brazilian supplies and weak spot demand, trading quiet with prices mostly unchanged to slight advances. sugar steady with raw and refined values shown for May 15 and May contracts.
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New York
Ric
Atlanta
Georgia
St. Pouis
Cincinnati
Unicago
Shorts
Avcenr
Europe
Cordova
Weak steel stocks drag market as industrials fall
New York May 5 stock market opened with professionals driving much of the activity as steel and iron shares led losses. Industrials slipped while rails held firm, with notable declines in Tennessee Coal and the heavy group. Despite some gains in American Sugar Refining and New York city issues, overall volume reflected broad weakness in steel and related sectors amid rumors of dividend cuts and output reductions.
Financial Notices and Bond Quotes Across Markets
London and Paris report mixed financial moves with Consols and exchange rates, bullion movement, and bullion balances at the Bank of England. Stocks and railroad bonds show varied bids and asks across Georgia and Southern lines, with a range of state bonds and railroad issues listed.
Wall Street Narrowly Mixed Amid Irregular Market Tone
New York May 1 The Murphy & Co stock letter notes thin trading and irregular price swings with a feverish tone. Railways lead gains with Burlington and St Paul advancing while industrials weaken amid Tennessee Coal and steel declines. dividends on National Tube noted for July and August. Southern Exchange reports American stocks in London near parity with mixed futures in granger and steel sectors.
MENTIONED IN THIS ARTICLE
Murphy & Co
New York
Union Pacific
J Point
Hurlington
St. Paul
Tennessee Customs Iron
National Tube
Southern Exchange
London
Atebtzon
St. Unul
Ater
Tin Tate
National Steel
American Moop
American Wire
Federal Steel
Consolidated Gas
Wem
Treasury Statement Shows Cash and Gold Reserves
The Treasury balance report lists available cash of 141 609 138 and gold of 14 021 410 in the general funds excluding the 160 million gold reserve in the division of redemption. Market notes cover cotton seed oil and meal, metal markets, wheat and corn trends, and Liverpool grain prices reflecting a quiet to weaker overall tone across several commodities and futures.
MENTIONED IN THIS ARTICLE
Treasury
Washington
Market Summary Wheat Upward Bias on Mixed Cables
Trading dull with firmened wheat on strong cables and mixed weather. July 66 1 2 cents higher at 66 1 2 cents, corn weak, oats steady. Rain in the southwest dampened price hopes, while northwest drought kept bids firmer. shipments and receipts noted, hog and pork values edged up slightly by close.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
Liverpool
Minneapolis
Duluth
Atlantic
Yenteniny
Nebraska
Heedota
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