Spot Business: Rice Prices Advancing on Covering Demand
Rice prices advance on active demand as traders cover shorts. Cotton remains firm, with gains of 21 to 25 points on closing. Market tone steady as speculative buying persists across futures and spot markets.
MENTIONED IN THIS ARTICLE
New Orleans
Spotcot and Arm
Hubbard Bros. & Co
New York
Liverpool
Manchester
America
Europe
Wur
Sninners
Aliet
Chronicle’s Crop and Weather Report
The New York Financial Chronicle reports favorable weekly weather with no rain, leading to excellent cotton picking progress and free movement of cotton to market from the South this week. Compiled from telegraph reports dated November 3.
MENTIONED IN THIS ARTICLE
New York Financial Chronicle
Messrs. Gibert & Clay
New York
New York Cotton Market Shows Active Firmer Tone
The cotton market remained active and firmer on covering and new hull demand. Spot business in New York and Southern markets advanced with strong cables and bullish English spot trends, while New Orleans futures edged higher. Data show sizable weekly and daily gains, with extensive movement of receipts, stocks, and worldwide visible supply figures.
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New York
Ard
Liverpool
Lallisll
Spinal Bulz
Wes
Sines Tae Vensus Telort
Hester
New Orleans
Stocks and Bonds Plenty of 4s and 5s in Market List
The report lists numerous railroad and utility bonds and stocks with varied coupons and prices. Notable entries include Atlantic Coast Line 4s, Baltimore and Ohio 4s, Chicago and Alton bonds, and Chesapeake and Ohio 4s, among others. Ratios show many at 4s and 5s, with prices ranging around mid to high 40s and beyond, indicating mixed market activity in railroad and industrial securities.
MENTIONED IN THIS ARTICLE
U.S
Weah American Tobacco
Ison General
Atchison Adjustment
Atlantic Coast Line
Baltimore and Ohio
Brooklyn
Wheat at close fraction lower in Chicago market
Wheat eased as Russia crisis sentiment lingered and Argentine weather added bearish tone. May slipped to about 90 90 3 4 c while December sagged, with late covering limiting losses. Corn and oats stayed mostly steady amid light trading and firm cash demand. receipts and daily activity remained subdued.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Russia
Argentina
Minneapolis
Shorts
Bradstreet
Duluth
Chiporte
Gabc
Bearish on Northwest supplies but Armour buys May
Article notes ample northwest wheat supplies deemed not absorbable, while Armour acts as a strong May buyer. Cash sales of 360,000 to 600,000 bushels No 2 red spark short covering, with a record weekly clearances of 6,263,000 bushels wheat and flour. Market outlook remains bullish though some caution amid mixed outside interest.
MENTIONED IN THIS ARTICLE
Northwest
New York
Reedims
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Do, Preferred 2 * 100 13285 S6i 132% Denver and Rio Grande
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