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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 06, 1900
Page
7
Markets show firmer tones in wheat and steady to higher on corn and oats with May and June quotations. Wheat gains supported by Kansas and Northwest conditions. corn rallies amid tight supplies with strong cash demand. oats and rye steady to firm. fats and oils mixed as molasses and syrups hold prices.
New York June 5 1900 The coffee futures advanced on optimism from European markets Brazil weather and spot demand but closed barely steady with a small loss. Trading showed 16 750 bags for the day amid tight Rio Santos deliveries and a firmer London and Havre market. Cotton prices weakened after early gains as selling pressure grew and July August contracts fell, with weekly crop and weather notes bullish yet discounted.
The raw sugar market closes strong with high demand and firm London prices. Details include 800 tons of English Island muscovado at 4 3/4 landed and 4,748 bags of St. Lucia centrifugal at 4 1/2 to 4 3/4 on spot. Tobacco sales list domestic seed leaf and foreign Havana and Sumatra volumes with prices in cents per pound and shillings per hundredweight.
Market news shows spirits turpentine trading around 44 to 46 1/2 cents with rosin steady in Charleston Savannah and Wilmington on June 5 receipts and sales in the thousands of barrels. London quotes spirits at 42 shillings as traders monitor Southern demand and pricing.
Week of June 5 1900 reports beans receipts 1744 bbis and peas 35 bbis with exports of 1201 pigs for beans and other figures. Market firmer on domestic marrow but demand weak, red kidney up with export buying, turtle soup dull. Butter and cheese trends mixed with steady to slightly lower prices. Egg receipts 81221 cases with quality improving for fines. poached and dried fruit markets mixed.
Receipts totaled 28 cars or 450 head for exporters and slaughterers. No hoof sales. Steers steady, rough butcher cattle steady. Dressed beef in moderate demand and firm at the port. Calves receipts 176 head, some held over. good to prime veals firm around 6.50 to 6.87. Sheep and lambs active with firm lambs and steady yearlings. dressed mutton and lambs steady. Hog receipts 10 cars, mostly for city slaughterers. market nominally weak with few live sales.
Chicago reports receipts of cattle 3 000 head quiet market. Texas fed steers 4 50 to 5 35. Hogs 23 000 head, futures around 5 10 to 5 20 for mixed and butchers. heavy hogs 5 20. Sheep receipts 8 000 head, wethers 5 40 to 5 75. lambs 5 50 to 8 15. Cincinnati hogs active higher. cattle steady at 3 40 to 4 15. sheep steady. East Buffalo cattle 25 cars, hogs 21 cars. lambs 6 25 to 6 95. hogs 5 30 to 5 35. St Louis area cattle steady at 5 50 prime. hogs 5 30 to 5 35. sheep steady.
Boston traders report no material price shifts as the wool market remains subdued. Territory wools bring 53 to 55 cents scoured for fine grades, fleece wools show little life, and Australian scoured prices range from 58 cents for three-eighths blood to about 82 cents for combing superfine.
June market notes show varied cotton prices and movement. Galveston quotes for several grades with 217 bales received and 17 168 stock. St Louis reports dull market with 352 net receipts and 39 948 stock. Savannah notes nominal prices with 1 100 exports coastwise and 20 0 stock. New Orleans lists quiet trade with 360 receipts and 100 286 stock. Memphis records steady to slightly higher mids with 29 receipts, 1 075 shipments, 150 sales.
Liverpool market reports a quiet spot trade with prices 3 8 20 higher for American middling fair to good middling. Day’s sales total 7 000 bales, including 4 900 American, with 14 000 bales received since last report. Futures opened and closed with small advances across several forward spreads.
Market report from Liverpool notes a holiday in grain trading with London steady on hopes. Beef and pork dull with several meat items showing steadiness or dull price ranges. Butter and cheese ease. bacon cuts and hams quoted. Western prime in tierces dull. American refined easy. tallow city strong. cotton and spirits steady. imports continue to flow.
The report shows wheat imports into Liverpool totaling 74,500 quarters from Atlantic ports, 11,000 from Pacific ports, and 29,000 from other ports. Corn imports from Atlantic ports amounted to 74,000 quarters.
Buffalo market reports spot and carload wheat prices with No 1 Northern and No 2 red figures. Chicago futures close with varied wheat and corn quotes. oats, flaxseed, barley and dairy product prices listed. Cincinnati and Philadelphia notes on butter and cheese. Duluth Milwaukee Minneapolis markets show weekly wheat shifts. St. Louis and Toledo provide cash and future quotes for wheat and corn.
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