The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1909-07-10
new Serfes-Vol. xxx, Yo Al
COTTON PRICES HIGHER.
GAIN OVER FRIDAYS CLOSE oEs
16 POINTS AND MORE.
HOT weather I'm Southwest-Report
from Liverpool FavorabIe-Bear-
ish Information Causes Reaction


was heavy in the cotton market today
onerings were well absorbed and the.
highest prices of the day and seasor,
were reached in the late trading with
the close very steady at q NET ,a-
vance of 16 to 25 points. The market
opened firm at an advance of IN q
points in response to the firm show
ing OF the English market and sbort-
iy after the call showed a net gain
VI ABOUT IL to IL points on buy5up-
orders which had accumulated over
the holidays on the bullisb govern
ment report of Friday. Realizing was
very heavy at this advance. and TO-
actionary sentiment was promoted hv
the better weather in the South. nr,-
vate cables predicting that English
spinners would remain out OF the
| market for spot cotton owing In the
advance and short time in Ianca-
shire; and fear that at the new level
hedge selling against prospective.
| crops might become more of fac-
tor. But offerings were very weu ab--
sorpeo on scale down and after
| working off to net loss OF about e
points the market firmed ND on talk
OF hot winds in Texas. covering bv-
early sellers for turn and rsbuying-
by Old bulls who had taken profits
before the close of last week. There
was also reports that continental
spinners were buying contracts here
through some of the big foreign
houses and the market in the Late
trading advanced to 1898 for octo-
Der and 1910 for December with the
general list showing a net gain of is
TO 2S points. The close was only a
little or from the top under realizing.
Southern spot markets officially re-
ported early were Is to "a cent net
higher.
Receipts at the ports today 5,s4S
bales, against SOFA last week and g.
4S7 last year. For the week $1,000
bales, against 27.706 last week ana
S3,7S7 last year. Today's receipts
at New Orleans 2,19S bales against
1,75a last year.
Cotton spot closed quiet, Is points
higher; middling uplands 1875: mid
ding gulf 1900; sales 700 balass.
| New York, July There was,
heavy realizing in the cotton market
today and prices reacted from the
best, the close being barely steady at.
net decline of Is to 23 points.
The market opened steady at an
advance OF points on July. that
month selling at 1890, a new high
record for the season, while later no.
sitions We're to points lower I'm
response to somewhat Disappointing
Liverpool cables. Realizing was pro-
noted by favorable weather reports,
and easier late cables from Liverpool
and with the offerings very baa1,,
prices worked off to a net loss of
about to II points during the early.
session, with October selling at 2.1s..
instead of increasing, selling orders;
see med to be diminishing on the d,..
ciAhe out a rally to within points
OF last nights close during the middle
Oh the morning was followed by Sec
ond break around midday on the
forecast for partly cloudy weathe,. I'm
,he western belt and expectations OF
pearish weekly report, which car
RED October off 70 1914. A second
rally on covering by early sellers ana
continued support from strong trade
interests carried October back TO 12.-
23 during the early afternoon. but "a
little later the market again weaken
| &c inspite of renewed reports of hiyhw
temperatures in Texas, with the mar
ket reaching the lowest point of the
Gay IN the late trading and closing at
practically that level or around Is.1a
ior october. Southern spot markets
were generally steady and unchar,s..-
Ell according TO early reports. srOd the.
uaEs fluctuations in futures were
generally steady and unchanged ac-
| cordlns to early reports, and the davis
fluctuations in futures were generally
ascrlbed to technical conditions EXIST
ing after the recent rapid advance
ment regarding general conditions
The weekly weather report proved
ABOUT a stand-off. At the low poire
OF this afternoon the market showed
reaction of about 21 to "a points
from the high record of the previous
day.
Receipts at the ports TODAY Ais
oaies against 1,169 last week and A.
100 last year. For the week AZ 600