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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Jun 07, 1901
Page
8
The Cotton market shows strength with higher prices in New Orleans and Liverpool following a bullish Chronicle summary. Advancing sales and sharp gains in futures unsettled by unsettled weather signal a strong note for summer demand.
Chicago grain and provisions showed mixed strength with wheat down and provisions higher as rainfall again shapes the wheat outlook. Market notes cover corn declines, demand signals, and broader commodity movements across futures pits with observers noting dull trading and shifting patient interest.
New York trading closed largely on technical factors as volume waned and demand faded. Analysts noted large losses in several leading stocks as short-covering and profit-taking affected prices, with mixed action across sectors and highlights in gold and copper futures.
Latham Alexander & Co issue a request to obtain information on acreage in the United States. They address 4000 jotter Vankers and cotton planters for direct commitments, aiming to estimate the area of land that can be secured. The note references an average date and the need for competent judging on potential outcomes.
New York markets show quotable changes in cloth, underwear, and home goods. Simla futures move higher as European demand steadies, while overall prices remain moderate amid crop country factors and unsettled trade.
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