Market Quotes Steady On Bullish Crop News
Latest quotations show cotton prices steady as bullish crop news supports markets. Closing prices edged within points of Thursday, with traders awaiting upcoming crop data and new business for Friday.
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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 11, 1920
Page
23
Latest quotations show cotton prices steady as bullish crop news supports markets. Closing prices edged within points of Thursday, with traders awaiting upcoming crop data and new business for Friday.
The New York cotton market opened with uncertain prices amid renewed selling pressure and choppiness. Traders watched early movements around 93 to 94 cents per pound as margins and quality distinctions influenced bids.
Local notices announce oil and gas leases involving 160 acres with multiple bidders and potential well sites. Details point to involvement by buyers and lessees in communities across Lassen, Ventura, and nearby counties, with notation of drilling concessions and subdivision plans.
Trading at Stockyards halted due to ready receipts and cattle shipments. Readable details indicate delays in shipments, held cattle, and ongoing management of inventories with buyers awaiting authorization and market signals.
Grain prices closed mostly higher with corn and soy edges firming while wheat held near previous values. Market activity shown by modest gains and some unchanged quotes amid light trading and seasonal fluctuations.
Market activity shows uneven moves as traders weigh gains in some sectors like treasuries and utilities against declines in others. Quotes for sugar and other commodities appear, with prices fluctuating and some large firms listed among the day’s quotations.
In a fragmented report, traders discuss fluctuating prices for goods including salt and wine, noting shifts in pounds, pence, and trade terms. References to specific vendors and quantities appear obliquely, hinting at market instability and varied exchanges across ports.
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