Cotton futures uneven as liquidation offsets buying
New Orleans and New York markets show irregular loading with long liquidation offsetting trade buying. Closing prices in New Orleans steady to unchanged, while New York futures eased after late profit taking despite earlier rally on farm bloc opposition to price regulation.
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U. ‘Er Commission House
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Henderson
Wheat and grain rally amid mill buying and futures moves
Chicago and New York markets show wheat up as much as 1 58 cents on moderate milling demand and government flour purchases, with July near 1.04 3 8 and September around 1.05 7 8. Corn and oats rise modestly while soybeans and lard ease, and mixed action in staples reflects selling and new movement.
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Chicago
Potatoes and Wage Order in 1941 News Briefs
Potatoes arrive in moderate supply with California Long Whites and Missouri and Kansas cobblers topping the notes. In Washington an order sets a 40 cent minimum hourly wage for the rubber industry effective July 28, affecting about 9,900 workers across 600 plants. Also referenced is New York University football team the Violet. Probate notice in Ouachita Parish Louisiana requests creditors show cause within ten days regarding final account and estate distribution.
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A. D
Market Waves Seen in Cottonseed Oil and Food Prices
New York noted futures drifted lower on hedge selling with July at 12.25 cents and January around 11.52. New Orleans reported unsettled bleachable prime cottonseed oil with July near 11.75 cents and December at 11.0 cents. Chicago dairy and poultry markets showed varied movement with poultry and eggs mostly weak to steady as prices for butter and other dairy items fluctuated.
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