Cotton Futures Rally In New Orleans Market Notes
World market report from New Orleans June 13 notes cotton futures rising on trade buying and crop concerns with July and October contracts closing higher and spot prices edging up. New York and Chicago activity shows mixed to higher prices, with futures near four year highs on some positions and renewed demand in multiple commodities.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Commission House
Chicago
Market retreat ends rally as profits cashed on weekend
New York stocks edged downward after a mid day rally faded as investors booked profits to guard against weekend developments. Losses were mostly fractional with rails, utilities, oils, rubbers and aircrafts lagging while a number of blue chips slipped from their highs. Transfers totaled about 450000 shares as several leaders including United States Steel and General Motors moved lower amid a broad, cautious mood.
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New York
United States Steel
Bethlehem
General Motors
Chrysler
American Telephone
Loft
General Steel Castings
Consolidated Aircraft
Anaconda
American Smelting
Westinghouse, du Pont
J. I. Case
Allied Chemical
Yellow Truck
Owens-Illinois
Consolidated Edison
Brewster Aero
American Cyanamid
Glen Alden Coal
Phoenix Securities
Pennroad
Cottonseed Oil Futures Move Higher in New York and New Orleans
In New Orleans on June 13 cottonseed oil prices held steady with slight gains for bleachable prime summer crude and December futures around 11.05 to 11.07. In New York on the same date bleachable futures closed 13-17 higher with July at 10.19 and other months around 10.3 to 10.38 based on 342 contracts traded.
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Ouachita Parish
U.S
P. O. Box
J. G. Ford
Monroe
New Orleans
New York
Sugar futures demand widens with mixed quick finishes
World sugar futures trading extended gains with May and September contracts rising while No 3 and No 4 futures moved modestly. July prices around 2.57 to 2.60 on No 3, and refiners posted withdrawals of 4.95 cents with new lists near 5.05 cents. In Chicago livestock and potato markets, hogs and cattle showed modest gains and potatoes faced weak demand with mostly slow activity.
MENTIONED IN THIS ARTICLE
New York
Wheat and Soybeans Rise After Government Support Announcement
Chicago grain prices firmed after a dip to week lows, with wheat up 1 1-8 to 1 1-2 cents and soybeans rallying over 3 cents on news the government will support beans around $1 a bushel. Bean futures neared $1.40, while July wheat traded at about $1.02 to $1.02 1-8 and Sept at $1.03 1-2 to 5-8.
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