The Union daily times. [volume] (Union, S.C.) 1918-current, 1920-07-28
T0DAY'S COTTON MARKET

! lUDAIS GUllUN MAKktl
New York, July 2s.-Cotton futures
opened firm; October, 32.45; Decem-
ber, 31:0O; January, 3O.25; March
29.85; May, 1890.
New Orleans, July 28.-Opening
October, 31.61; December, 3O.35; Jan
uary, 29.S1; March, 1890; Nav,
2S.45 bid. Market quiet.
New Orleans, July 28.-Early
swings in the price of cotton TO-DAY
carried the market both above and
below the level of yesterdays close.
Professional traders were with the
market on the theory that it was over
sold and their buying, combined with
the effect of good Liverpool, caused
advances of 10 to a points around
the first CALL A better weather man
than was expected led to new selling
under which the market lost of it's
advance and landed at the end of the
first hour of business 10 points down
10 Ia points up, compared with yes
terday's last quotations. March was
the strongest month and it traded up
to 29.6O, after which it reacted to
1890
New York, July 2S.-With only a
moderate trade, the cotton market
had rather firm opening today with
prices unchanged to IL points higher
based on support from Southern
commission houses and Wall Street
and on the firmness of cables due to
Manchester buying.
After the opening prices advanced
10 to 20 points over last night with
october at 32.** and December Ito,
manly on covering but reacted about
TO l0 points from this level under
the report of Southern cotton house
making conditions 75.5 or an in
crease of Al per cent over last
month.
Liverpool, July 2S.-Cotton spot
good inquiry. Prices steady. Good
middling, 2S.5S; fully middling, 27.33;
middling,. 26.0S; low middling, 1928;
good ordinary, 1908; ordinary, 1903.
Sales. 5000 bales, including 1900
American. Receipts, none. Futures
closed steady. July, 24.42; October,
22.S1; January, 21.55; March 21.O4:
May, 20.52.
New Orleans, July 2s.-11 a. m.
bids: October, $3.50; December,
3O.61; January, 1920; March, 29.72;
May, $500. Market steady.
New York, July 28.-11:45 bids:
October, 1890; December, 31.O2; Jan
uary, 30.32; March, 1890; May,
Market steady.
New Orleans, July 28.-The week
~ crop reports were considered fairly
favorable, but when shorts tried to
take advantage of the soft spot which
they considered would follow the re-
ports, they bid the market up on
themselves. The ring became very
active and prices frmed up rapidly;
late in the morning rising to levels
of % to 52 points higher than the
close of yesterday. October touched
31.83.
New York, July 28.-<Following the
publication of the weekly crop report
the market weakened to 32.17 for Oc-
tober, and 30.55 for December or from
b to 33 points under the previous
nights close, but later recovered
about 10 points on a demand from
shorts and new buying due to a be-
lief that the market is considerably
oversold.
. New Orleans, July 2s.-Spot cotton
quiet, 25c lower. Sales on the spot,
10 bales; to arrive, none. Low mid
ding, 2S.75; middling, 1850; good
middling, 43.75. Receipts, 1915.
Stock, 241,825.
New York, July 2s.-The only fea-
ture in the early afternoon was a
steadier tone to October contracts on
covering orders which advanced it a
point over last nights close and about
Sd points up from the lowest of the
day. The later positions were firm
and 25 to 60 points net higher, De-
cember selling at 31.25; January,
1880 and March 1925.
New York, Yuly 28.-Spot cotton
quiet; middling, 1000.
New Orleans, July 28.-The cotton
market closed steady at net a points
down to 80 up.
High Low Closing