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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
May 01, 1900
Page
8
Weather reports and weak demand keep cotton prices steady with little market spark. Analysts note lingering pessimism across the belt while New Orleans and New York futures see modest gains and careful price moves as planting progress continues.
New York reports corn advancing on stronger demand and tight receipts while wheat drifts lower on profit-taking. May and July contracts fluctuated with May near term pressure and July supported by product demand. Declines in provisions accompany light trading amid broad market caution.
In New York on April 20, sharp swings hit sugar and railroad shares as traders weighed reports of John D. Rockefeller being elected a director and market nerves near record highs. Industrials showed mixed results while bonds faded, with overall sentiment cautious amid bullion concerns and London’s unsettled currency. The day featured talk of a possible shift in leadership and ongoing uncertainty about the broader economy and prospective export demand.
Chicago and St Louis reports show cattle receipts around 22 000 with Texans and westerns prominent. Hogs offer limited demand with steady to lower tendencies. sheep and lamb markets mixed as buyers adjust to supply. Western and plains cattle, Texans and feeders noted across multiple markets with varied price ranges.
London Apel Connoly for money and its account Wes Haradyer steady. 18d pirounes, Menee Fit 6 per cent. The rate Oe dintayne in the one market for short and threes monthe' bille fath per cent.
Shipping notes list arrivals and clearances at Galveston with cargoes for New York Rotterdam and other destinations. Mentions Alamo and Forest Holm, grain coffee and cotton movements, market notes on prices and demand, and mixed reports on New York trade activity and European shipments.
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