Cotton futures rise on bull crop news and market strength
Cotton futures moved higher in New Orleans and New York as bullish crop prospects and stock market gains supported prices. July and other months posted gains of up to about a dollar per bale, with spot cotton and middling prices showing modest increases amid quiet receipts.
MENTIONED IN THIS ARTICLE
New Orleans
Seles
River Stage Changes Amid Flood Watch and Market Update
New York June 11 Stocks firm as steels lead a steady rally. Bonds mixed with foreign loans under pressure. Sterling gains while cotton climbs on trade and covering. Luger gains on speculative and Cuban support. Metals steady with copper in demand. Wool prices rise aided by commission houses. Chicago wheat up 2 cents. corn firm. cattle down as hogs hold.
MENTIONED IN THIS ARTICLE
New York
Luger
Commission House
Chicago
Rome
Pittsburgh
Mediterranean
New York Stocks Rally Amid War News And Rearmament Hopes
A broad market rally gains 1 to over 5 points in late trading as rearmament spending optimism counters adverse war news. Volume increases after midday with transfers near 100,000 shares. several sectors including steels oils and aircraft boosted while some selling intrudes at times.
MENTIONED IN THIS ARTICLE
Victor Eubank
New York
Italy Joins War Boosts Cotton Futures Activity
Liverpool reports limited trading as Italy’s war entry stimulates cotton futures buying. Sellers stay within price limits, keeping overall business restrained and cautious.
MENTIONED IN THIS ARTICLE
Liverpool
Italy
Cottonseed oil prices and futures advance in New York and New Orleans
Cottonseed oil closed steady in New Orleans with July at 5.65 dollars per barrel and later months between 5.75 and 5.83. In New York, bleachable futures rose 14 to 19 points with July at 6.15/16 and December at 6.28.
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Ees
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G Ae Southern Pacific
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Ee Wilson & Company Leanne Ee Woolworth FW
New Orleans
New York
Chicago Hog and Cattle Market Report With Steady Tones
Salable hogs 16 000, total 23 000, generally steady with Monday, top 5 30. Sheep 3 000, total 4 500, trade around steady to slightly weak for lambs and springers. Cattle and calves slow, bidding weak to 25 lower, steers scarce, heifers soft, cows steady to weak, vealers dull.
MENTIONED IN THIS ARTICLE
Chicago
USDA
Idaho
Texas
Butter And Eggs Prices Steady In Chicago Market
Butter and eggs prices hold steady in Chicago trade with butter at 4,222,151 pounds and eggs at 32,755 cases. No change in quotation levels reported.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Wheat and Sugar Markets Edge Up on Wheat Rally
Chicago wheat rose at open tracking Winnipeg gains but steadied, July 81 to 81 1 2, Sept 82 3 8 to 3 4, corn up modestly. oats and rye mixed. New York sugar futures firm on expected world demand and sugar legislation progress, July 1.82, Sept 1.88, raw Philippines imports pressured spot sales.
MENTIONED IN THIS ARTICLE
New York
Washington
Philippines
Leaders urged to attend Baton Row hearing on HB 917
Wholesale and building material leaders are urged by Joe Marx to attend a 2 p.m. Thursday hearing in Baton Row by the house Ways and Means Committee on HB 917. The bill imposes a license tax from one to two percent on wholesalers and requires invoices be sent to the internal revenue collector.
MENTIONED IN THIS ARTICLE
Joe Marx
Chamber of Commerce Legislative Committee
Baton Row
Ways and Means Committee
Internal Revenue
Enuij
National Wholesale Association
Mara
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