Cotton futures rise on trade buying and price controls talk
World markets show cotton futures advancing in New Orleans and New York amid private crop estimates and looming price control legislation. Prices finish modestly higher with several months posting gains as demand and hedging pressure influence trading.
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New Orleans
Congress
New York
Fulmer
River flood stage readings and notes from river regions
A ledger style river stage list shows various stations with water levels and daily changes across Mississippi and neighboring basins including St Louis Memphis Helena Vicksburg Natchez Donaldsonville New Orleans and Chafalaya areas. Separate notes mention rising and falling stages and active pricing and market conditions in New York Chicago and regional markets.
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St. Louis
Memphis
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Wall Street Rail Stocks Lead Mixed New York Market
The New York market showed a streamlined advance for railroad shares while industrials lagged with most prices below yesterday. Wall street bonds were mixed and cotton futures rose as a broad list of railroad and industrial names moved, including Bethlehem Steel dropping early before a late recovery.
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Chicago grain mixed after weak start on August day
Wheat reversed early strength, ending mostly unchanged to 3 8 higher with September at 1.06 1 8 and December 1.08 1 2 higher. Corn rose about 3 4 with September 75 3 4 and December 78 1 2, oats up 1 4.
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Highway 80
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Cottonseed Oil Prices Mixed in New Orleans and New York
In New Orleans futures for bleachable and prime cottonseed oil closed steady to mixed with gains and abatement in some bids. In New York bleachable and crude futures finished one to four higher with 57 contracts traded.
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New Orleans
New York
Chicago hog and cattle prices prompt varied week-end trading
Salable hogs 5,000 with total 8,500 and weights 240 lbs and down. Sows steady to 10 higher. heavier hogs 10 lower. Good and choice 380-240 lb pigs 11.25-11.60 top 11.60. Cattle 500 and calves 300. limited outlets for medium to heavy steers. heifers at 11.73 for 786 lb. grassy stock weaker. Sheep 1,500. market active and firm to higher with stronger demand for best grades.
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New York
London
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USDA
Poultry Trade In Chicago Prices Steady
Chicago reports live poultry receipts with no cars 38 trucks. Chicks firm. hens steady. Broilers 2 1/2 lbs and under rise to 18 1/2 cents. White Rocks 18 cents. springs 4 lbs up. Colored variety 18 1/2 to 21 cents. cypher prices unchanged.
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White Rock
Butter And Eggs Prices Quiet In Chicago Trade
Butter receipts reach 1 004 689 with firm creamery 93 score 341 2 92 34 91 351 499 centralised carrots 333 4. Egg receipts total 12 804 with prices unchanged in Chicago trading data.
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Potatoes Market Report for Western Triumphs and Nebraskas
Potatoes arrivals 19 on track 215 total U S shipments 197 supplies moderate demand light. Best quality Western Triumphs and Nebraska Cobblers market slightly stronger while stock showing decay in all sections market weak. Idaho Bliss Triumphs U S No 1 1 55 70 Russel Burbank U S No 1 1 75 Long White U S No 1 1 55 60 Nebraska Cobblers U S No 1 1 10 27 1 2.
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Futures close steady with mixed shifts and strong sales
Futures No 3 closed unchanged to two higher with 15 500 tons sold. Sept 2.67b Jan 2.68b March 2.67b. No 4 futures 2 1 2 lower to 1 2 higher with 21 200 tons sold. Sept 1.47b Dec 153 1 2b March 1.60b. b Rid.
Roosevelt Comments on Soviet War Aid and Lease Lend
President Roosevelt discussed Soviet war efforts and prospects for further lease-lend aid, noting Russia's ability to pay for U S war equipment. He said no decision on extra appropriations until Hopkins returns from Moscow and mentioned safety concerns for personnel. He declined comments on Far East oil shipments or French aid. He hoped to take a brief offshore break next week.
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Harry L. Hopkins
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W R Davis Texas oil magnate dies at 52
William Rhodes Davis, 52, renowned Texas oilman, died today in Houston. Earlier reports linked him to a Nazi peace offer controversy and he stated he pursued peace while keeping the U S State Department informed.
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Texas
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William Rhodes Davis
Verne Marshall
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United States Department of State
Wallace Declares U S Won't Fail At Home
Vice President Wallace said the United States must preserve liberty and will not fail. He spoke during the opening of a $50 million ordnance plant in Burlington Indiana, urging readiness for defense to secure peace and universal freedom. He called to ignore dissenters aiding civilization’s enemies.
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Orders Restrict Mexican Movement Amid Riot
President Avila Camacho issued orders restricting Sinarquista demonstrations to preserve national unity. Interior and National Defense ministries, governors, and mayors were instructed to guard against protests by political groups, especially the Sinarquistas. A Monday riot in Michoacan state left two Sinarquistas dead, three police wounded, and several bystanders hurt.
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Manuel Avila Camacho
Michoacan
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