The Union daily times. [volume] (Union, S.C.) 1918-current, 1920-08-03
TODAY'S COTTON MARKET

opened barely steady. October 31.6O;
March 29.45; May 1920.
New Orleans, Aug. 3.-Opening:
October 1864; December 5000; Jan
uary 1880; March 29.17 bid; May
$3.50 bid. Market steady.
New Orleans, Aug. 3.-Heavy SELL
ing opened the trading in cotton to-
day and persisted for some time af-
ter, driving prices 76 to 95 points un-
der the close of yesterday. October
fell to 1880. The slump in Sterling
Exchange caused some of the selling
and sentiment was bearish in sympa-
thy with weakness in the stock mar
ket. A little too much rain on the
weather map and the disturbance in
the East Gulf of Mexico checked the
of 20 to 80 points at the end of the
first hour of business.
New York, Aug. 3.-The cotton
market lost most of yesterdays ad-
vances during today's early trading
with both October and December con-
tracts making new low ground for
the movement. 1t was considered evil
dent that yesterdays government
crop report had created no bulish
sentiment of Importance and after
the active covering of yesterday af-
ternoon there appeared to be very lit
tie buying power around the ring
early today.
On the contrary there was reselling
by some of yesterdays buyers and
considerable selling for Southern and
Wall Street account with the market
opening 10 to 45 points lower and
becoming very weak later owing to
rumors of financial troubles in Geor-
gia and reports from Paris that the
Polish armistice negotiations had
been halted.
Liverpool, Aug. 3.-Cotton spot in
fair demand, prices lower; good mid
ding 28.06; fully middling 1851 |;
middling 1856; low middling 21.76;
good ordinary 1886; ordinary 1856.
Sales 1000 bales, including 4,7OO
American. Receipts 5000 bales, no
American. Futures closed steady.
August, 1850; October, 22.25; Jan
uary, 21.1s; March, 2O.67; May,
2O.23; July, 1888.
New Orleans, Aug. 3.-Reports
that Polish-Russian negotiations had
been broken off caused fresh selling
and the market sagged down around
the lowest levels again. Toward noon
the active months were at net losses
of 73 to 85 points.
New Orleans, Aug. 3.-11 a. m.
bids: October, 1886; December,
2942; January, 29.O8; March, 2875;
May, 1925. Market steady.
New York, Aug. 3.-11:45 a. M:
bids: October, 31.1O; December,
30.25; January, 29.53; March, 1925;
May, -. Market steady.
New York, August 3.-Uverpool be-
came good buyer on the early break
and there was rather a sharp rally
with December up to 30.30 or about
60 points from the lowest. Continued
selling for Wall Street and Southern
accounts checked the advance at this
level, and the market was less active
with fluctuation irregular. Prices at
midday held all but a few points of
the rally, however, and there was
scattered covering on reports that
showers in the south were leading to
increased damage by boil weevils.
New York, August 3.-The market
showed renewed weakness during the
midafternoon owing to the failure of
demand to broaden on the late morn
ing rally, the weakness of sterling ex-
change and declines in the stock mar
ket October broke to 1880 and De-
cember fell back to 29.7O of 90 to 120
points net lower.
New Orleans, August 3.-Spot cot
ton quiet, rs lower. Sales on the spot,
22O bales; to arrive, none. Low mid
ding, 27.5O; middling, 1925; good
middling, 42.OO. Receipts, 995; stock,
22O,994.
New Orleans, August 3.--In the af-
ternoon the decline was checked by
realizing of profits by holders Of short
contracts, but although this was ex-
tensive it did not give the market any
oY.l Eo