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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Jun 08, 1901
Page
9
The Standpoint of the New York Brokers outlines likely crop outcomes and trade prospects. It discusses July and August price expectations, port deliveries, and the influence of weather, crop condition, and textile demand on the New York cotton market.
Secretary Hester reports nine month cotton movement figures, noting a national increase led by Texas and the Gulf Coast. Arkansas Louisiana Mississippi Tennessee and Missouri show strong sales while the Atlantic States show mixed results. overall totals approach 1,100,000 bales with shifts in many districts.
Chicago grain and provisions mixed with wheat showing slight declines and firmness in other staples. Weather fears from the Northwest and shifts in crop forecasts influenced prices while corn and oats held near steady. traders watched river markets and futures for direction.
Reports from Kansas City stock yards show strong sales with hundreds of cattle calves steers and cows traded. Prices for calves and yearlings varied on heavy receipts and mixed demand across buyers and packers in an active market.
The Secretary of Agriculture reports the world visible cotton supply decreased by 0.518 million bales for the week ending June 7, vs last year and the year before. American production totals remain dominant while Egyptian, Sudanese, and other varieties show shifts. New Orleans market notes futures up and cash buying modest amid uncertain prices.
A volatile session shows gains in futures and spot cotton with New York and New Orleans quotes lifting after profit taking. Reports indicate strong Liverpool activity and heavy receipts at Gulf ports, with Galveston and Houston showing higher closing prices and steady to firm merchant demand.
The fragmentary report mentions New York and cotton pricing with terms like prime cotton and crude values. Key entities are unclear due to damaged OCR, but references to June and market terms suggest a brief commodity update.
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