Today's Cotton Market by 7
The Cotton Market report shows prices and trends as of seven o clock with buyers and sellers noting price movements. Market activity highlights demand shifts and regional price differences across key trading centers.
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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Sep 07, 1932
Page
3
The Cotton Market report shows prices and trends as of seven o clock with buyers and sellers noting price movements. Market activity highlights demand shifts and regional price differences across key trading centers.
New York September 7 The feature was evening up for tomorrow's report and heavy selling of March by cooperative brokers while they bought only moderately of December. A change in price differentials followed. The weekly weather report was unfavorably signaling potential for a market uptick absent bureau input. Maps showed heavy rains in Texas with little in other states. Private reports averaged 11 1 72 000 bales. Prices firmed in the final hour with a rally linked to strong stock markets.
Washington reports the past week brought mostly unfavorable conditions for cotton. Eastern areas faced drought stress while heavy rains fell across large regions, hindering crop progress and sparking concerns for yields. The weather pattern suggested uneven development and potential market impact.
In Texas and the central states rains hurt crops with poor to fair progress. picking advances as cotton opens rapidly. In Oklahoma conditions vary, eastern areas poor to fair with shedding. High Point, North Carolina, may see a new raven plant employing about 4 women, with M H Sorkin of New York directing location efforts.
New York’s mayor Joseph V McKee born in the Bronx and James J Walker from Greenwich Village share friendship yet differ sharply in style. Walker was time wary and gregarious while McKee is punctual and reserved with solid governance experience. McKee led as guest president of the board of aldermen and campaigned with informative speeches showing real subject mastery.
Floyd Gibbons reports on a demonstration of the Safety Silvertown tire at the Goodyear? Goodrich plant in Akron. A test car approached at 42 miles per hour on a wet street and did not skid, proving the tire’s claimed safety. Gibbons notes nationwide auto fatalities and injuries, urging attention to this progress as big news.
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