Cotton Market Fluctuates as Liverpool Buys
The cotton market shows firming after Liverpool and New York buying activity. Bear pressure ebbs as traders note light receipts and possible further short-covering amid cautious optimism for South demand.
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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Jan 11, 1900
Page
8
The cotton market shows firming after Liverpool and New York buying activity. Bear pressure ebbs as traders note light receipts and possible further short-covering amid cautious optimism for South demand.
Quotations on round lots of staple commodities show mixed movement with grain futures wobbling as rumors of war spark shorts to cover. Reports detail prices for wheat corn oats and related goods in Chicago and New York markets, with notes on receipts shipments and inland demand influencing late session levels.
The New York stock market shows wide swings on January 10 with American Sugar Refining in focus after a warning from its president about possible dividend suspension. Industrials move with London advices as traders cover positions in railroads and sugar peers amid easing money rates and anticipated bank rate cuts.
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