The Union daily times. [volume] (Union, S.C.) 1918-current, 1920-08-10
TODAY$ COTTON MARKET

New York, Aug. 10.-Cotton fu-
lures opened steady. October 81 40.
December 30.1S, January 29.OO, March
28.5S, May 28.10.
New Orleans, Aug. 1O.-Opening: ::
October 5000, December 2e.60. Ian
uary 1885, March 28.47, Nav 27.98.
Market quiet.
New Orleans, Aug. 1O.-A some
what better feeling regarding for
eign political conditions and the dis
position OF shorts to cover in conse-
position Of shorts to cover in conss-
quence gave the cotton market a
higher trend on the opening today.
Gables were better than due and the
weather over the belt was highly un-
favorable, too much rain being re-
ported In most states. During the
first hour of business prices were sent
70 to 80 points over the last quotation
OF yesterday, October touching BOTS
and March 28.75.
Liverpool, Aug. lO.-Cotton spot
quiet, prices steady; good midding
29.48, fully midling 1924, middling
26.99, low middling 23.19, good ordi-
nary 1874, ordinary 1874. Sales, g.
900 bales, including 4,700 American.
Receipts $4,000 bales, including 5000
American. Futures closed steady.
August 24.68, October 22,86, January
21.54, March 20.92, May 20.43, July
5000.
New York, Aug. 1O.-The cotton
market opened at decline of 2 to 10
points under overnight selling orders
from the southwest and local sources.
There was also some Liverpool SELL
ing of the late months but the cables
We're better than due, continued wet
weather was reported in the South
and better feeling seemed to exist
over the Polish situation. These feat
ures promoted covering at the initial
decline while there was considerable
trade buying of the later months, par
ticularly of May around the % cent
level, and prices soon rallied. Not
withstanding the easier ruling of
southwestern spot markets yesterday
October was relatively firm, selling
up to 31.74 or 81 points net higher,
while December advanced to 1854 or
20 points above last nights closing.
New York, Aug. 1O.-The rally ex-
tended to 31.83 for October and 3O.64
for December with active months
generally selling about 80 to 46 points
above last nights closing. The rains
reported in the eastern belt increased
nervousness over crop progress and
stimulated covering. Otherwise trad
ers reported very little demand and
the market was comparatively quiet
during the midle of the day with
prices showing reactions Of 5 or 6
points from the best.
New York, Aug. 10.-The mid-af-
ternoon maket was firm on Wall
Street and local covering on the un-
favorable weather, improved spot
market reports and expected bullish
weekly weather report tomorrow.
Prices sold up to net advance Of
55 to 58 points.
New York, Aug. 1O.-Spot cotton
quiet; middling $500.
New York, Aug. 10.-11:45 A. M.
bis: October 31.67; December 30.66,
January 29.42, March 28.95, May
2S.4O. Market steady.
New Orleans, Aug. 1O.-The fore
cast of cloudy and showery weather
for the greater part of the belt in
creased the demand sufficiently to
send the trading months to net gains
of "a to 48 points, where October
traded at 30.80. The market became
quiet but remained steady with gains
morning prices were 5 to 10 points off
from the highest.
New York, Aug. 1O.-A more
cheeful view, of Europeans conditions
and apprehension of less favorable
crop reports owing to continued wet
Vances in the cotton market here to-
day. Near months were relatively
firm, and there was sale of Sep
tember at 1870 or more than SIS a
bale above last nights closing quo
tations, while October sold at 1920 or
83 points net higher. Closing prices
showed net advance of 60 to no
points for the day.
New Orleans, Aug. 10.-Spot cotton
quiet, so points lower. Sales on the
spot 276 bales; to arrive 100. Low
middling $500; middling 35.75; good
middling 1880. Receipts 2,161; stock
217,862.
New Orleans, Aug. 10.-Rumors of
very bullish report on the condition
by private bureaus put the price to
new high levels, the market toward
the close standing 65 to 70 points up.
with October at 31.60.
New Orleans, Aug. 10.-The cotton
market closed steady at net advances
of 81 to 70 points.
Closing
High L Low W Bid;