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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Jul 13, 1902
Page
19
Cotton prices swung with nervousness in New York and New Orleans as traders awaited signals on manipulation risk and government action. Analysts noted shifting demand from East India to Europe and Japan while discussing prospective crop yields and export patterns for the season.
The Houston market reports daily cotton quotations, receipts, and exports with references to New York, Great Britain, and domestic shipments. It notes steady spot prices, near unchanged futures, and general market activity as of this week, including interior movement and prevailing metal market conditions.
The New York bank statement improved, lifting stocks to near their highest levels. Railroads, grains, and utilities led advances while some banks and industrials lagged, and traders anticipated larger financing moves and continued consolidation in the railroad sector.
Chicago July 12 trading on the board of trade was dull as better weather pushed prices lower for September wheat and corn while September provisions rose. Demand cooled with buyers turning sellers, and large clearances aided firmer prices later. Trade showed mixed action on December futures as contracts and cash bids fluctuated with receipts of 641 cars across three markets.
Grain and provisions markets show mixed activity with wheat and corn prices noted across futures and cash markets. Reports from Lonin and New York reference varied bids, elevator activity, and commodity movements with general steady or slightly unsettled tones in cash and futures trading.
Ranging from USO to Weeden City and Konan City, cattle receipts set weekly highs with 24 hives and 165 ponds noted alongside 32 steers and 30 steers. July 12 reports show heavy arrivals in Kansas City, St. Louis, New Orleans and London wool auctions, with Texas and Indian cattle leading inflows.
Fragmentary OCR notes reference Houston exchange matters and possible stock or buy orders. Details unclear due to garbled text.
Galveston port marine intelligence lists vessels in port and cleared or bailed statuses. Names include Maneto Browneville West Patt Agihar Ea Concho New York with others like Babine Satine Teer Margaretha Hobert and Thurland Castle. Also notes vessels destined for Galveston and general shipboard statements for the day.
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