Cotton Market Slips on Liquidity and Southern Selling
New York November 17 The cotton market eased under liquidation and southern selling amid bearish views on outside conditions including labor troubles in New England textiles and tight money abroad. Closing prices were a small net decline with near months down 3 to 7 points and later deliveries 16 to 17 points not lower as spot quieted with middling uplands at 11.75 cents and gulf at 13.95 cents. Sales totaled 71 bales.
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Cotton Markets across ports show steady mood and mixed receipts
Across Allanty Athens Savannah Charleston and other ports, middling cotton mostly steady with receipts totaling 25,553 over two days. Northern ports report quiet or steady demand with decisive export figures to Great Britain Continent Japan and other destinations. Stock levels vary with totals around 40,000 at key ports and inland shipments significant in Houston Augusta Memphis and Cincinnati areas.
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Continent
Kevannah
Great Britain
Market Weakness and Mixed Commodities Across Regions
New York November 11 reports a weak market as public demand wanes and outlook sours. December shows best support with mixed overseas prices in Honduras and Japan, while New Orleans and Chicago markets reflect varied receipts and cattle, hog, and cotton seed product activity amid steady to lower prices.
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New York
Liverpool
Wheat Irregular as Argentina weather steadies market
Chicago dispatch reports late favorable news from Argentina easing wheat after an early upturn, closing irregular with a slight gain. Corn and oats rose modestly on strong buying, while provisions held steady to higher. Visible supplies rose, shorts covered on forecasted delayed corn marketing, and several large shorts bought to support prices.
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Desto
Atlanta Quotations and Provisions Market Report
Atlanta quotations list groceries, coffee, sugars, extracts, and meats with prices for various brands and grades. It also covers Atlanta live stock prices, hogs and cattle, plus national market notes on butter, cheese, poultry, and provisions from Chicago New York Kansas City and regional ports.
Bearish Rumors Move Cotton Prices in Mixed Session
Trading based largely on rumors, the cotton market swung through an unsettled session with early gains fading. Private crop estimates and a reported large forthcoming crop guess influenced prices, while receipts and stock levels showed modest shifts as the market closed lightly lower.
New York Cotton Market Sags Amid Mixed Reports
Hubbard Bros. & Co. report weak spirits prices as market finds little support from Interstices. The National Ginners Association cites 1,500,000 bales ginned to November 11, a record since 1896, with Southern offerings easing. Labor troubles at Laurence mills unsettle buyers. hedge cotton appears. Memphis estimates a large Friday ginning, while New England ports show higher receipts.
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Hedge selling and moderation pull Dow Jones prices down
Gibert and Clay New York November 17 Hedge selling followed by a moderation period caused about a twenty point decline in prices today. No fresh news moved market conditions and the ease in values stemmed from traders having satisfied the demand for the moment and not wishing to push the advance further. The spot situation varied with demand, influencing the market course accordingly.
MENTIONED IN THIS ARTICLE
New York
Stocks Drift as Market Holds Quiet Session in New York
Stock speculation was listless on Monday with only isolated moves as the press reported a quiet Wall Street day awaiting news. Bear attempts to extend declines failed and European buying had little effect, while copper and other assets showed signs of broad stagnation and a cautious outlook.
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Stock Exchange
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Money and Exchange. New York Money Market Report
New York November 17. Car money active at 234 8 percent ruling 944 closing. Time loans firm sixty ninety days five and six months four percent. Prime mercantile paper 544 6. Sterling exchange firm sixty days 4.811 demand 4.5. Bar silver 59. Mexican dollars 46. Government bonds steady railroad bonds easy.
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New York
Prime Mercantile
Sterling Exchange Firm
Sugar and Molasses Rates and Market Notes
New York listing shows raw sugar Muscovado at 3.14 to 3.17 for cane grades and centrifugal at 3.69 to 3.67, Molasses Sugar 2.89 to 2.92, refined products steady with leaf and crushed varieties near 5.30 and 5.20 respectively, moulds 4.85, cubes 4.60, powdered and confectioners grades around 4.45 to 4.86, New Orleans market open kettle at 5.56, overall sugar market nudging steady.
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Motanies Steady
New Orleans
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