Hedging Forces Cotton Futures Price Down
A market note indicates hedging activity pushing cotton futures lower amid fluctuating prices. Traders cited speculation and supply signals as factors behind the retreat, with attention on nearby contracts.
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Newspaper
Austin American
Location
Austin, Texas, United States of America
Date
Aug 16, 1950
Page
10
A market note indicates hedging activity pushing cotton futures lower amid fluctuating prices. Traders cited speculation and supply signals as factors behind the retreat, with attention on nearby contracts.
A terse market note reports quick covering moves in grain futures, briefly waking prices after a period of quiet. Traders cited short covering as the catalyst for a modest rally across corn and related commodities.
Market wire reports radio and television stocks led trading as consumer demand for TV gear and related securities revived last week. The Dow Jones style text notes gains and declines in core industrials with several issues moving on news of dividends and corporate actions.
Two Navy men died when Skyraider planes collided in midair about 10 miles from Cabaniss Naval Auxiliary Air Station during a rendezvous for a formation flight. Both aircraft exploded on impact and burned, as the scene received quick helicopter and ambulance response but delayed reporting due to communications gaps. Names were withheld pending next of kin notification.
Fragmented text mentions ages and unclear names with references to wages or people. It is a damaged newspaper snippet lacking clear events or identifiable entities.
Funeral services for Mrs. Ann Polglass, 78, long tied to the Texas Senate mailing room, were held in Marshall and Hillsboro with burial at Oakwood Cemetery in Waco. She died Monday at a brother’s home in Fort Worth.
The US Fish and Wildlife Service states New England accounts for one fifth of the nation's fish catch indicating the region's strong role in fisheries and seafood supply.
Street by street cattle and hog markets show activity and steady to firmer bids. Buyers at the San Antonio and Fort Worth yards report mixed quality steers and heifers with feeder lambs and calves remaining steady to higher on several lots. Wool futures and spot prices also edged up modestly amid ongoing commission house sales.
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