Cotton market slides then steadies amid weather and crop estimates
New York October 28 The cotton market opened weak on bearish private crop views and weather fears. Prices fell 5 to 19 points early, rallied 8 to 10 as buying returned, but last quotes remained 5 to 10 points below prior night’s close. Spot cotton quiet at middling uplands 14.30, Gulf 14.75, with analysts citing crop totals near 12.36 million bales and world demand around 14.5 million.
MENTIONED IN THIS ARTICLE
New York
Texas
Oklahoma
Condon
Shaw
Gulf
Liverpool
Rio
Santos
Cordova
Gutranes
Igher
Hamburé Lipik Pfennigs
Bantos
Cotton Markets Across Ports Show Steady Middling Prices
Market summary lists cotton at steady middling across cities including Atlanta Macon Athens and Charlotte with varying receipts exports and stock. New Orleans Savannah Charleston and Philadelphia report steady prices with net receipts and coastwise exports. interior movement notes Houston Augusta Memphis St Louis and Cincinnati with shipments sales and stocks. Total Tuesday receipts at all ports reach 107 186 with three day consolidated 274 920 and overall stock about 87 692.
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Atlanta
Macon
Athens
Charlotte
Galveston
New Orleans
Ross
TAU
Vannah
Charleston
Wilmington
Doob
Bross
Texas Ciey
Mexico
Great Britain
France
Continent
Houston
New Orleans A
Mobile
Savannah
Wilmington Ce
Norfolk
Bobton
Pero
Texas City
Interior
Masseneee
Augusta
Memphis
Wie
St. Louia
Cincinnati
Little Rock
Range in Cotton Futures
New Orleans Cotton Exchange closed for a holiday as trading in cotton futures remained steady. The holiday observed in New Orleans affects market activity and settlement procedures for October.
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New Orleans
Market slips then steadies as cotton futures wobble
New York trading opens with heavy selling from last week buyers pushing prices down several points before demand returns to steady the market. Northern weather worries and expectations of more frost limit upside, with late morning prices 7 to 8 points below previous night. New Orleans spot cotton steadies but shows a wide range of grades with temperatures falling across the South.
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New York
Itaslf
New Orleans
Liverpool
Wheat Declined One Quarter Cent in Market Report
Chicago market notes drouth relief in Argentina easing wheat demand while prices closed slightly lower. Corn rose modestly and oats fell. provisions mixed. Reports from Kansas Nebraska and Winnipeg show weather as factor. New York and Liverpool markets gave mixed signals with spot and futures near unchanged.
Petroleum steady hides envy Dayota central America leather firm
Petroleum markets show steadiness as hides and leather sectors exhibit mixed signals. Dayota notes 3114 81 percent, with Central America involvement shaping trade dynamics for the leather industry.
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New York
Dayota
Central America
Favorite Stocks Close At Loss In Uneven Trading
New York stocks ended lower after an irregular session as speculative favorites faced declines. News of a £2.5 million South African gold purchase in London sparked brief gains before a renewed selling pressure. US Steel's earnings and several rail reports weighed on sentiment while money rates firmed, with call loans at 34 1/2 percent and uneven bond activity.
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New York
Lst
London
Furtther
America
Bank of England
United States Steel Corporation
Union Pacific
Southern Pacific
Rock Island
United States
Cail
Chicago and Kansas City Market Receipts October 28
Livestock prices mixed across Chicago and Kansas City with steady to strong advances in steers and hogs. Cattle receipts around 16 000 to 18 600. hogs 9 000 in Chicago and 14 000 in Kansas City. sheep receipts 3 200 to 32 000. prices feature prime fed steers 8.60 to 9.80 and heavy hogs near 8.15.
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Chicago
Star Geib
Cattien
Heeves
Texas
Kansas City
Hecht
Ifan
Louisville
Treasury Statement and Global Markets Summary
The U S treasury report shows a general fund balance of 124 631 200 at opening, with yesterday's receipts 1 422 595 and payments 2 296 086, creating a fiscal year deficit of 8 357 469 versus last year 6 590 876. Mining stocks drift in Boston and London, with Arizona Commercial 514, Calumet and Arizona 61, Greene Cananea 30, North Butte 24, and gold markets broadly firmer as America buys 2 500 000 ounces at 77 9d per ounce. Paris and Berlin quote rente and exchange rates while London quotes Consols and bar silver.
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Washington
United States Treasury
Boston
Arizona Commercial
Calumet and
Arizona
Greene Cananea
North Butte
London
America
Paris
Berlin
Money and Exchange and European Market Report
Money on call firm at 3 3 4 percent with prime mercantile paper at 5 1 5 percent. Sterling exchange steady at 4 81 for 60 days and 4 8525 for demand. London reports strong money demand, stock market firmness, and copper gains amid good statistics. Sugar, molasses, and linseed markets show mixed pricing with firm and steady tones across commodities.
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Money and Exchange
New York
Primé Mercantile
Sterling Exchange
Stady
Uniformity in grades of American cotton
Washington reports a government conference with southern cotton exchange leaders to standardize American cotton grades below middling to align with Liverpool revised grades. Officials expect adoption nationwide, noting changes are mainly nominal and should simplify marketing abroad.
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Washington
Department of Agriculture
Liverpool
Memphis
W. C. Lawson
Waco Cotton Exchange
N. A. Cobb
Bureau of Plant Industry
Secrary Houston
H. J. Galloway
W. C. Langon
Waco, Texas
Cotton Exchange
W. King
Dallas
Texas
N. Muller
Eustis Taylor
Galveston
EH. J. Glenny
New Orleans
W. G. McCabe
Charleston
S. C
J.B. Watham
Julius Cone
Greensboro
N.C
W. Neville
Edward K. Cone
R.C. Cairnes
Clement Moore
New York City
Greenville
Fort Wort
Paris
San Antonio
Oklahoma City
Pine Bluff
Ark
Atlanta
Metals and Dry Goods Market Roundup
In New York and London, metal prices showed quiet to steady trading with copper edging lower on spot and near contracts, tin fluctuating in narrow ranges, and antimony steady at Cookson. Iron remained unchanged. dry goods and cotton yarns in New York were firm but export activity stayed weak, with light trading in heavy men’s wear fabrics.
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New York
London
Cookson
Cleveland
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