Bulls Take Charge Of Cotton Market In Closing Session
In a brisk close to the week, buyers pushed cotton futures higher led by active demand from mills and traders. Market participants noted steady gains across most grades while volatility eased as supplies remained ample and weather factors stayed favorable.
MENTIONED IN THIS ARTICLE
Chicago
Cotton Market Week Ends With Upward Price Momentum
The Cotton Exchange reports a profitable week for sellers with prices rising and December contracts at 14.27, up from 13.28 and 12.02 earlier. World consumption figures show American cotton at 14.8 million bales, with 2 million bales forward carried from 1914. Local San Antonio prices for Saturday deliverables and New York New Orleans futures closed higher by about 20 points.
MENTIONED IN THIS ARTICLE
Cotton Exchange
San Antonio
New York
Aus
Maya
New Orleans
Turpentine and Resin Market Report from Savannah
Turpentine firm shows 42 percent sales 655 receipts 540 shipments 1308 stock 13810 Resin firm reports sales 1108 receipts 1130 shipments 7623 stock 63440 Prices listed include A B 8.70 and G 6.25 among others with various initials indicating grades and buyers in Savannah market report for August 6.
MENTIONED IN THIS ARTICLE
Savannah
Mahone
Moneys Piling Up In New York Banks
New York banks show a weekly cash reserve rise of 3,065,470 bringing aggregate reserves to 648,640,000 with excess reserves at 112,311,780. Loans and discounts total 3,222,822,000, time deposits rise 53,699,000, net demand deposits fall 14,751,000, and circulation drops 196,000. Specie totals 866,175,000.
MENTIONED IN THIS ARTICLE
New York
Clearing House
Federal Reserve Banks
Cattle market slows in Texas with varied bids
Fort Worth Texas August 5 cattle receipts 490 slow with ranges for beeves 6.00 to 8.00 dollars stockers 5.00 to 6.00 cows 4.00 to 6.00 heifers 3.50 to 7.50 bulls 4.00 to 5.00 calves 4.50 to 9.75. Sheep received 100 steady with lambe 9.00 to 9.75 yearlings 8.00 to 8.75 ewes 6.00 to 6.78 and goats 4.50 to 5.50.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
Chicago Market Receipts and Prices Update
Chicago Aug 5 receipts and quotations show hogs 60 head market steady with bulk 9.20 to 9.85, light 9.45 to 10.60, mixed 9.00 to 10.00, heavy 8.50 to 10.00, rough 8.85 to 8.90, pigs 7.75 to 9.40. Cattle receipts 300 market steady native beef 6.70 to 10.35, stockers 6.00 to 7.85, cows and heifers 8.75 to 12.25. Sheep receipts 500 market strong wethers 6.75 to 8.25, lambs 7.50 to 11.00.
Live Stock Receipts and Prices in Kansas City Market
Receipts and quotations for hogs cattle and sheep show a steady market. Hogs bulk prices range 9.55 to 9.80 with various classes. cattle receipts about 200 include southern stock and prime fed steers 9.40 to 10.10. cows and heifers priced 4.50 to 9.50. stockers 6.00 to 8.00. sheep receipts 600 with lambs 10.00 to 11.25, yearlings 7.75 to 8.50, lambs and wethers 7.00 to 8.00.
MENTIONED IN THIS ARTICLE
Kansas City
Market recap from St Louis stockyards on Aug 5
Receipts show 3000 hogs with market steady. Pig and light categories range 8.50 to 9.85, mixed and butcher 9.60 to 9.90, good heavy 9.80 to 9.90, bulk 9.65 to 9.85. Cattle receipts 60 with prices unchanged. Sheep receipts 100 with steady market. Spring lambs 7.00 to 10.35, slaughter ewes 5.00 to 7.25, bleating ewes 9.00 to 10.00, yearlings 6.00 to 9.00.
MENTIONED IN THIS ARTICLE
ST. Louis
Chicago market report notes on dairy and produce prices
Butter higher with creamery 24% to 28 3 4 cents, eggs up to 23 23 4 cents for firsts, potatoes higher with 10 car shipments seen. Virginia products quoted at 2 70 to 2 80 per barrel and 0 95 to 1 00 bulk. poultry prices mixed with alive fowls at 17 17 4 cents and springs 18 29 4 cents.
MENTIONED IN THIS ARTICLE
Chicago
Ill
Virginia
Cotton Region Bulletin for Houston District
Temperatures rainfall and weather conditions for Houston district stations over the 24 hours ending 8 a m 75th meridian time. Weather generally fair with near normal temperatures. Rainfall exceeds one inch at Mobile Alabama and Brookhaven Mississippi. Allen Buell Meteorologist Weather Bureau.
MENTIONED IN THIS ARTICLE
San Antonio
Tex
Houston
Mobile
Ala
Brookhaven
Miss
Allen Buell
Weather Bureau
Wheat bulges as rust rumors lift Chicago market
Chicago wheat prices surged on Saturday amid black rust reports and large exporter flour sales, marking a bullish close to the week. Corn and oats followed wheat’s strength, with futures reversing late on export buying signals before ending higher.
MENTIONED IN THIS ARTICLE
Chicago
Regina
Sask
Great Britain
Market quotes from Kansas City grain prices today
Kansas City grain quotations show Wheat at No. 2 hard 1.29 to 1.85, No. 2 red 1.32 to 1.38, Corn No. 2 mixed ee, No. 2 white sic, No. 2 yellow 83 to 84, Oats No. 2 white 44 to 45, No. 2 mixed 42 to 44.
MENTIONED IN THIS ARTICLE
Kansas City
Market quotes from Kansas City and Chicago
Futures closed with September at 1 30 percent and December at 82 percent in Kansas City. Corn options followed with Sept 81 percent and Dec 70 3/4 percent. In Chicago on Aug 6 Wheat No 2 red around 1.36 dollars and No 2 hard about 1.34 dollars. Corn No 2 yellow 86 3/4 cents and oats Standard 44 1/4 cents.
MENTIONED IN THIS ARTICLE
Kansas City
Chicago
Market quotes from St Louis wheat corn and oats
Quotations from St. Louis show wheat at No 2 red 1.38 to 1.42 per bushel and No 8 hard 1.384 to 1.41, corn No 2 and No 2 white at 88 cents, oats No 2 at 42 to 44 cents and No 2 white at 44 to 45 cents.
MENTIONED IN THIS ARTICLE
ST. Louis
Aug
Provisions Market Notes From Chicago and Elgin
Quotations from Chicago markets dated Aug 5 show dry salt extras at 15 cents and bacon extras at 16 cents with various belly and ham prices. Dry salt bellies 14 to 16 pounds around 18 cents, fancy breakfast bacon 27 cents, bacon bellies 14 to 16 pounds average 19 1/2. Pure lard 14 cents per pound. Coffee futures quoted in New York at Sep 8.37 and Dec 8.50. Elgin butter market reports fifty tubs at 28 1/2 cents with 29 cents bid on 106 tubs.
MENTIONED IN THIS ARTICLE
Ene
York
Elgin, Ill
Novel Easy Payment Plan to Be Used by the Federal Land Banks
San Antonio bankers report a new Payback Plan for Federal Land Banks that fixes annual or semi annual payments covering interest, charges, and principal to retire loans in a set period. After five years borrowers may pay $25 multiples toward principal to shorten debt. bonds backed by mortgages fund further lending with tax exemptions and new director structures guiding 12 banks and farm loan associations.
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Federal Land Banks
San Antonio
Loan Association
Federal Land Bank
Farm Loan Board
Organization of Banks
Federal Land Bank i
Federal Reserve Banks
Federal Farm Loan Board
Farm Loan Associations
Land Banks
National Farm Loan Associations of Borrowers
Wall Street Week Ends Dull as Traders Stay Cautious
New York stock market closes with a dull session and a quiet week. Declines center on Mexican Petroleum and bearish sentiment after United States Steel and the extra dividend. Industrials, rails, and munitions stocks drift lower amid overproduction signals in oil and sugars. The week also notes reduced long term loan rates and abundant cash at reserve banks.
MENTIONED IN THIS ARTICLE
New York
Wall Street
United States Steel
Allis-Chalmers Sane
American Car. & Foundry
Seve
Crucible Steel Eee
Eveeesvess
Rieeeseeeerees
General Electric
Great Northern Pfd
Een Eee
Llit
Great North
Hlllnois Central
Inter. Mere
Mar
Pfa
Ctta
Kansas City Southern
Louisville & Nashville Wee Ee
Iiggett & Myers
Nena
Lorillard Company - Tees
Maxwell Tors
Wenenee
Mexican Petroleum
Weer Coves
M. Tee Ceneres Toa
Missouri Pacife
New York Central
Wee
Norfolk & Western
Northern Pacific
Nee
Pennsylvania
Tae Terete Eee
Rep. Iron & "Steel Sete
Seaboard Air Line
Wena Nw
Sloss
Shef. Steel &Trontear
Southern Pacific
Eae Vt
Southern Railway
Eeeres
Studebaker Corporation
Tennessee Upper
Texas Company
Union Pacific
United Fruit
United States Rubber
Y S. Smelt. & Ref
United States Steel RH
Virginia Carp. Chem. Va. Tron
Coal & Coke
Wabash Ptd
Western Union Senna
Westinghouse Electric
Market Prices And Early Ohio Produce Report
Butter and creamery prices listed as 28c for firsts 26c for seconds 23c for packing stock 21c excess firsts 23c. Poultry prices show hens 16c roosters 10c and broilers 21c. New potatoes firm in Louisiana Texas Arkansas Oklahoma Triumphs Kaw Valley early Ohios at 80c.
MENTIONED IN THIS ARTICLE
Kansas City
Louisiana
Texas
Arkansas
Oklahoma
Kaw Valley
Mercantile and financial market update from New York
New York reports mercantile prices with 3 and 4 percent rates. Sterling exchange shows sixty day bills at 4.71 percent and demand at 4.75 percent. Cables at 4.7676, guilders demand and cables at 41 1/2 cents, silver at 66 2/3 cents. Mexican dollars at 51 percent. Government bonds steady, railroad bonds irregular.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Sterling Exchange
Shippers Market: Country Produce Prices in San Antonio
Buyers paid rates for Saturday deliveries: rose steady. Texas country candled 2 c. butter steady. Texas creamery 25 30c lb, country 18 20c, packing stock 18 19c. poultry steady with hens per dozen 5.00 6.00, large fryers 5.00 6.00, broilers 2.69 3.00, turkeys 15 16c lb, ducks 4.00 5.00 per dozen, geese 4.50 5.00.
MENTIONED IN THIS ARTICLE
San Antonio
Rose Steady
Texas
Texas Creamery
Hesters statement on weekly cotton movement and world supply
Secretary Henry Hester reports the New Orleans Cotton Exchange weekly and season to date movements including bales in sight four days 46 000 for the month 46 000 and comparisons to last year and year before. Port receipts season 81 000 overland to mills 4 000 southern mill takings 30 000 interior stocks 19 000 foreign exports four days 18 000 and world visible supply total 3 144 000 with American 2 056 000 and other kinds 1 088 000.
MENTIONED IN THIS ARTICLE
Eeee
Cyeengen
Suse
Canada
Borbon Fs Cces Asan
Borgo cc
United States
Prohibition Won’t Work In Scotland Says Lord D Abertown
Lord D Abernon told a Brooklyn Eagle delegation that prohibition in Scotland is impossible under current conditions. He noted experience abroad shows prohibition requires broad majority support and applies only to large self contained areas. He cites Scotland’s long drink culture and Glasgow’s history as evidence sobriety grows without prohibition.
MENTIONED IN THIS ARTICLE
D’abernon
Liquor Control Board of
British Islands
Brooklyn Eagle
Scotland
United States
Ireland
Robert Burns
Glasgow
Will Oil Prices In Texas Be Reduced
Oil price trends in Texas provoke market debate as several states reduce prices while Texas stays steady. Waters-Pierce reports Texas fuel and lubricants are already cheaper locally, with San Antonio cited as having lower costs than any other U S city due to intense competition. Dispatches note midcontinent cuts and abundant crude stocks abroad, suggesting further reductions may come, though local dealers have not yet adjusted.
MENTIONED IN THIS ARTICLE
Texas
San Antonio
Kansas
New York
Missouri
Oklahoma
Waters-Pierce Company
United States
Prairie Oil and Gas Company of
Standard Oil Companies
New Jersey
Louisiana
Insurance men protest new Texas cotton schedule
Insurance men in Austin discuss the state fire insurance commission’s new cotton schedule set to take effect August 20. They argue standards are too high in many cases and complying could force rate reductions. F. Carruth of Houston met with officials to suggest possible modifications before operation.
MENTIONED IN THIS ARTICLE
Austin
Tex
State Fire Insurance Commission
F. Carruth
Houston
London Rates and Silver Price Report
ILONDON Aug. 5 Bar silver 30 16-16d per ounce. Money 4% per cent. Discount rates Short bills 5% Three months 5% per cent.
MENTIONED IN THIS ARTICLE
Ilondon
Like Father Like Daughter Milestone Ploy Revealed
New Orleans dispatch notes quiet market with no receipts or quotations. A humorous exchange features Miss Stockson securing a ten days option on Mr Bonds, with dialogue about his value and acceptance.
MENTIONED IN THIS ARTICLE
Honduras
New Orleans
Mr. Stockson
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