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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Jul 11, 1902
Page
10
The article reports a generally dull cotton session with liquidity reduced as buyers hold back. Liverpool and New York show modest gains while New Orleans advances. market sentiment leans to calm ahead of a potential storm, with European demand and transatlantic tensions cited as influential factors.
Quotations show Liverpool spots steady with slight gains and large sales volume. Trade notes 15 000 bales with most American, imports 2000? bales, market activity and price levels mentioned amid speculation and ordinary goods.
The New York cotton market opened steady with prices near unchanged, then moved higher on short seller demand. Dry weather across the southern belt raises fears of reduced crop prospects, while Liverpool futures trade remains quiet and receipts stay light.
Highly speculative New York trading pushes sugar short sellers into a six point rally as Western stocks and railways show profit-taking. Large moves in New York Central and Missouri Pacific reflect broader currency pressures and currency transfers through the subtreasury age. Comments note nervous market ahead and a tentative recovery for American shares and bonds.
Cant was reassuring and promised showers to ease drought as prices rise. The market for futures moved about 1.04 points higher with cautious activity and a new crop outlook for the coming months.
New Orleans July market reports indicate improved demand for cotton with some buyers active in early trading. Prices opened steady to slightly higher amid firmer Liverpool export activity and claims of a stronger cash market despite limited speculative interest.
New Orienta reports July 10 and Liverpool advices slightly better than expected lifting opening and aiding gains, with bets rising to 3 points. Showers in the northern cotton belt contrast clear southern conditions. temperatures rise in the east, fall in the southwest, and forecasts call for more showers in North Texas Arkansas Northern Louisiana and the Atlantic region. Traders await further developments before committing to new positions as some rallies emerge and sentiment remains cautious.
Light trading persisted as corn and wheat edged lower on cooler, clearer weather forecasts. Prices for September corn and wheat softened while oats and provisions posted mixed moves amid thin receipts and steady to firm nearby marks. Local receipts included 156 cars of oats and 14,000 hogs in a market angled toward caution ahead of a government report.
The report tracks wheat prices and futures including No 2 hard and No 2 white, with July and September dates, along with a summary of receipts and shipments. It lists elevator activity, grain futures, and market notes from New York and other ports, noting flour, corn, oats, and salt meats alongside supply figures and warehouse postings.
OCR reads cattle and hog sales reports from Kansas City and Chicago with numerous consignors and steers weighing hundreds of pounds. It details receipts, price ranges, and market tone, noting steady to lower trade and listing multiple shippers and locations such as Caney Kansas and Elgin Kansas alongside portside shipping notes and related commodity movements.
The report notes steady prices for multiple regional foundries and markets. Directors list Northern, Southern, and Nod Northern segments with quoted percentages and figures, indicating stable trading and demand across the period.
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