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This newspaper page contains 10 articles. Subscribers can read the full text of each article.
Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Aug 12, 1902
Page
10
The market closed with firmer prices in New York and Liverpool amid subdued activity. Traders cited improved outlook from crop reports and weather, while volume remained moderate and exports and receipts were modest for the period.
Prices quoted for active months show New York and New Orleans ranges with openings highs and lows. October and August figures are listed with bid and ask values, reflecting market activity and spreads in both cities.
The New York cotton market opened quiet and steady with slight gains, then suddenly broke several points as longs sold and bears pressured, aided by favorable crop reports and weak bond markets. Trading stayed active through the day with late-months slipping despite gains in some positions. the close saw a broad selloff and a dip in late-month contracts.
New York exchanges show a pause as rumors on the Southwestern railroad scene fade without official confirmation. Investors divert to money market amid heavy reserve drains and prices firm on certain securities, with notable activity in rail and Western issues and bank cleartings reporting slight changes.
Reported high temperatures in the Western belt and good conditions in the Eastern belt unsettled traders. The market closed quiet with prices near unchanged as August led gains and May led declines. Total sales were estimated across the market with scattered activity.
New Orleans reports strong demand for spot cotton with slightly larger offerings. Quotations unchanged as futures trade remains quiet. September and December see little activity. Prices move within narrow ranges, trading limited by cautious sentiment and tentative outside influence.
Chicago traders edged lower as early demand faded amid erratic grain and provisions. September contracts, futures and cash quotess fell across corn, oats, and pork products with mixed export activity and ongoing uncertainty from reports and weather.
The Houston wholesale market notes stronger peaches with rising prices across varieties while cabbage remains weak. California fruit including apples shows demand pressures as packing tomatoes and lettuce face tighter supplies and shifting prices. Cotton shipments from Texas are forecast, with adjustments tied to crop prospects and recent harvests.
The Houston Post reports that crop indications point to an early harvest with favorable conditions so far. Weather notes suggest strong growth potential, with forecasts of an excellent yielding season if conditions hold, and potential price impacts discussed across overland routes.
A garbledOCR snippet from a New York market column lists various price points and items including mentions of Warrants, New Orleans, and references to English changes. The text is incomplete and reads like disjointed market figures without coherent context or complete entities.
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