Cotton Steady Rain 1 Needed In Market Opening
The New York cotton market opened firm on better cables and active July buying by spot traders, with October and December sought by locals due to lack of rain. Light rains reported in the Carolinas and Georgia, prices up to 12.93 for July and August, and a steady close with unchanged to 4 points higher than Friday. Government acreage and condition files due next Wednesday, with 77 to 78 percent condition expected. Receipts estimated at 1,913 bales for Monday in New Orleans.
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New York
South Carolina
Georgia
Ulls
Liverpool Cotton Market Opens Steady on June 27
Liverpool June 27 market opened steady with old crop gains of 5 points and 2% to 3 points on other positions. Prices showed net advances of 4 to 5 points for old months and 3% to 4 points for new months from Friday's close. Spot cotton steadier with a 3 point rise to middling 7.614, sales 3,000 bales. Futures also opened steady.
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Liverpool
New Orleans Cotton Futures After Dry Weather Hopeful Outlook
New Orleans June 27. Liverpool futures show recovery with new crop gains of 3 to 4 points and spots up 3. The Financial Chronicle notes bullish weekly, while hot dry weather delays crop progress especially in late cotton. forecasts expect fair hot weather with possible liquidation in the East. Government acreage and crop condition data due next week will shape sentiment.
Spot Cotton Market Across Cities in Mixed Reflective Prices
Atlanta and many southern hubs show middling at 14 percent or around 13 to 13 1/8 while Boston and New Orleans hold steady or quiet readings. Liverpool trends easier at 7.614 with other ports like Savannah Augusta and Norfolk steady or quiet and values near 13 to 14 percent depending on city.
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Atlanta
Athens
Macon
Liverpool
New Orleans
Boston
Savannah
Augusta
Charleston
Norfolk
Galveston
Mobile
Little Heck
Baltimore
St. Louis
Memphis
Houston
Louisville
Dallas
Cotton Market Update and Weather Notes from New Orleans
New York reports 13,400 bales stopped by eleven houses with talk of a July short cover. Warehouse stocks 111,364 certificated. Weather maps show hot, disrupted conditions across the belt with southern storms and Gulf states fair. Cotton conditions in Alabama Louisiana and Mississippi remain above last year’s levels, boll weevils present but controlled. New Orleans weather notes note extreme heat with limited rain, while Memphis and Hadward Clark report continued hot conditions and potential scattered showers. The June 26 cotton position is summarized by The New York Financial Chronicle.
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Hayward
CLARK
New Orleans
Liverpool
Financial Chronicle
Atlantics
Journal of Commerce
Alabama
Mississippi
Louisiana
New York
McFadden
the Journal of Commerce
Hayward & Clark
Florida
Oklahoma
Texas
Memphis
Atlantic Coast
New York Financial Chronicle
Bartlett-Frazier Co
Watermelon Prices and Produce Receipts Reported
Fidelity Fruit and Produce Company reports watermelon demand high with up to 130 cars on tracks, prices down then stabilizing. Canteloupe receipts down but improving, peaches light, apples and citrus limited, lemons heavy, pineapples scarce and high. Cucumbers heavy with prices tumbling, squash beans and lima beans light, poultry rising, eggs steady.
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Fidelity Fruit and Produce Company
Damaoe
Stocks Maintain Upward Trend in Morning Trading
New York June 27 The market opened higher with most leading issues up. May Department Stores rose 1 percent from 59, United States Steel opened at 60 percent and held around 60. Amalgamated Copper moved up, with gains widening to a substantial margin. Reading rallied to 162 percent, while Canadian Pacific and Lehigh Valley slipped slightly. Government bonds steady, other bonds uneven.
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Charles W. Storm
New York
London
May Department Stores
United States Steel Common
Amalgamated Copper
Opper
Atchison
Mexican Petroleum
Erie
Nion Pacific
Canadian Pacific
Lehigh Valley
Market Roundup Faced Mixed Grain and Provisions Moves
A June Commodities brief notes light offerings in cereals with scattered demand, rainfall dampening spring wheat, while corn and oats show slight rises in Buenos Aires and Liverpool markets. New York prices list steady petroleum and rosin, mixed grains, and stable sugars with varied futures for corn, oats, and wheat futures.
New York Banks Report Sharp Declines in Loans and Deposits
The New York Associated Banks weekly statement shows an overall decline in loans of $11,326,000 and net deposits by $23,568,000 in the average statement, with a $35,777,260 excess cash reserve down $3,512,600 and circulation rising $78,000. The actual totals show loans down $7,833,000 and specie and legal tenders down, with net deposits dropping $19,996,000 and reserves down $7,481,400.
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New York
New York Associated Banks
Live Stock Market Report From Chicago and St Louis
Livestock prices show steady markets with cattle and hogs moving at mixed levels. Chicago figures include beef steers 7.50 to 9.35 dollars, cows and heifers 3.75 to 8.50, calves up to 8.25, and lambs around 6.00 to 8.25. St Louis receipts 450 cattle with native beef steers 7.50 to 8.25, hogs mixed around 7.78 to 8.40, sheep and lambs listed with prices up to 8.25 for spring lambs.
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Chicago
Mark Steeny
Ste Z
ST. Louis
Texas
Bae
Grain Notes Spark Debate on Wheat and Corn Outlook
The Record-Herald reports traders turning less bearish as the market sees oversold conditions. Barely traded shifts, profit taking, and Armour buying buoyed futures, while crop damage potential from the Northwest looms as the key catalyst for any further rally.
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Chicago
The
Record-Herald
Shorts
Armour
Pit
Joe Patten
Southwest
Shipping Houses
Armour Grain Company
New York
Barrell, Ware & Leland and
Bears
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