Cotton market steadies after early decline in New Orleans
May 35 report notes favorable weather and a rally as the cotton market closes near steady. Trading was active with private buying and local pressure amid 5 000 bales delivered versus 7 427 last week. Spot prices held, with middling around 11 11 16 and futures ending quietly lower by 2 to 4 points as bulls and bears covered.
MENTIONED IN THIS ARTICLE
Bolita
New Orleans
Mississippi
Texas
Oklahoma
Wall Street Mixed Amid Dull Week End Trading
New York May 25 Stocks drifted in a thin session with few big moves as London and other foreign markets closed for Whitsuntide. Gains occurred in United States Rubber and Pittsburg Coal while leading issues lagged. bond activity was subdued and money market prospects looked for next week’s developments. Bank data showed solid improvements in loans and reserves, with aggregate figures indicating rising confidence in continued expansion.
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New York
London
Liverpool
Berlin
People's Gas and Coke of
Chicago
Brooklyn
United States
Pittsburg Coal
LaClede Gas
St Louis
Atchison Road
Southern Railway
Actus
New York Clearing House Banks Report Cash and Deposit Gains
The New York clearing house banks show a substantial cash gain for the week ending May 26, with actual cash up 7,907,000 and deposits rising 11,201,000 amid a 5,483,000 loan expansion. Surplus above the 25 percent minimum reaches 18,484,150, while average-condition calculations place surplus at 23,205,770. Trust companies also show deposits rising by nearly 6,000,000, signaling stronger lending activity across the sector.
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Alis-Chalmers
Chalmere Lst
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American Tel
Nod Tel
Cy. Fa
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Ohio
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Alton
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Wheat and grain markets show strength amid rains and drought
Chicago May 25 grain markets rallied as rain in Nebraska and parts of Kansas lowered drought uncertainty. Wheat closed firm up on gains, corn and oats fluctuated with weather forecasts and cash demand. Prices for No 2 yellow corn and No 2 red wheat moved, with cash grades in fair demand and domestic and export bases noted. Rural and urban markets reported mixed futures with provisions firmer amid broad buying.
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Chicago
Nebraska
Kansas
Chisago
Clever
St. Bouts
Konsan City
Duluth
Cate
Neturn
Coffee futures slip as thin demand weighs on New York open
Coffee futures opened flat to down amid light trading and holiday absences from Europe. Prices eased slightly, closing with a net decline of about 2.4 percent as buyers offered little support. Brazil port receipts and Sao Paulo weather noted. New York deliveries 6,000 bags, Rio spot steady, futures curve shown through January to December.
MENTIONED IN THIS ARTICLE
New York
Europe
Havre
Hamburg
Helday
Rio
Santos
Sao Paulo
Rio No
Cordova
Porta
New Orleans
Galveston
Mobile
Savannah
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Wilmington
Norfolk
Boston
Houston
Memphis
Augusta
St. Louis
Little Rock
Cincinnati
Big Money in Wheat Options Offered by Firm
Advertisement from The Standard Grain and Stock Company of Cleveland promotes buying puts and calls on 10 000 bushels of wheat with no further risk. A 50 price move could yield about 300 to 400 dollars in gains. Contact 731 Electric Ridge, Cleveland, Ohio, for details.
MENTIONED IN THIS ARTICLE
Standard Grain and Stock Company
Elgctric Ridg
Cleveland
Ohio
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