Cotton closes with slight decline on unsettled day
New York May 28 cotton markets were nervous with an 18 point intraday swing and a net decline of about 4.8 points at the close. Opening steady, prices slipped on liquidation from numerous May options notices, later recovering modestly as buyers re-entered. Totals showed 75,000 bales sold. New Orleans and Houston receipts and London Liverpool trends cited amid mixed futures and nearby weather signals.
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Weather summary notes rainfall and heat in eastern belt
Official range and sales of stocks? ues t indicates inappreciable rainfall remarks temperaturee were decidedly higher over the eastern half of the belt and about stationary in other sections, rainfall occurred in all districts except Oklahoma with heavy amounts in eastern Georgia and portions of Louisiana, J B H Marbury Local Forecaster.
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Oklahoma
Georgia
Louisiana
J. BH. Marbury
Cotton market flutters as May trends and rains loom
In late May trading the cotton market shows irregular May prospects amid sparse buyers and a falling premium over July. Reports from Liverpool and New Orleans note a dull, featureless scene with large spot sales and volume, while forecasts from government crop data spark cautious optimism. Weather and crop expectations keep traders wary ahead of the June reports and acreage figures.
MENTIONED IN THIS ARTICLE
L. J. Anderson & Co
New York
Bulla Ang Bears
Treasury balances and grain market update May 28
The Treasury Statement lists available cash balances at 158,436,765 and gold at 75,757,194. In Liverpool, wheat futures were quiet with July 6 3-8d and September/December 6 5-8d. American mixed new 4s 7d, old 4a 93, July 45 5d, September 4a 63-80.
MENTIONED IN THIS ARTICLE
Treasury Statement
Washington
Treasury
Liverpool
Guich
Wheat and corn slide as market weakens early trading
Chicago May 28 weak wheat in early trading due to clear northwest weather and fresh southwest damage reports. July down 1/4 to 1/2 cent, later steadies. Corn up 2 to 4 cents with late rally on rain forecasts. oats up. Provisions rise 10 to 20 cents. Bearish sentiment shifts to firmer late as damage reports spread from eastern Missouri and Nebraska.
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