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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Sep 27, 1900
Page
10
The report details volatile cotton trading with early declines giving way to afternoon firmness. Liverpool shows weakness in spot and futures while New York and New Orleans markets fluctuate, with spinners facing oversupply and farmers pressured by underproduction.
Chicago futures mixed as October wheat closes firm on corn gains and weather hints while rye and oats show limited changes. Traders assess nurse of demand and winter crops, with export outlook and cash-market activity cited across commodities in the report.
New York traders reported feverish activity as prices swung widely and large deals dominated. Professional operators tested the market after a weekly rally, with short sales and heavy offerings pushing prices toward support levels before a late recovery.
Texas and Indian Territory buyers reported cattle and hog sales in St Louis and Chicago with Texas receipts amid mixed market results. Notable consignors and firms include J C Lacey Cowan Wagener Wallace Littos Mo Griffiths Adina Cornwall and Wagener & Son with cattle grades ranging from calves to steers and cows. Shipments to New Orleans and Victoria Texas were noted with multiple carloads and private sales as markets showed steady to higher trends in hogs and feeders.
The report notes debts pressed on merchants in Houston as Northern houses tighten terms after the flood and storms. Prices for chicken are high, fish and crabs scarce, and groceries from California grapes to Missouri apples appear in demand while potato supplies remain tight.
Houston bank clearings show weekly totals with year over year comparisons and percent changes. The report notes varying figures for Monday to Wednesday, contrasting this year with last year and highlighting market rates in New York and London financial outlets.
New York reports September M-Clearings at 510.680 and balances 7.43.19. Paris notes dated September 3 show tire costs and exchange activity for London. The fragmentary text references financial figures and cross‑city exchange activity with dated references to Paris and London.
Wholesale grocers and other trade dealers face uncertainty over new discount practices reported in New York. A two month period saw rumors of an extra 1 percent trade discount openly announced by refiners, causing fears of price distortions and losses as buyers expected reductions.
Port of Galveston notes mixed trading with New York markets showing sluggish activity. Copper prices drifted lower while lead and other metals posted minor declines amid unclear demand.
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