The Union daily times. [volume] (Union, S.C.) 1918-current, 1920-08-09
T0DArS COTTON MARKET

New York, Aug. 9.-Cotton futures
December 30.45; January 1925;
March $500; May 1855.
New Orleans, Aug. 9.-Opening:
October 5000 fiat; December 1880
fiat; January 28.9S fiat; March $3.50
bid; May 2S.12 bid. Market easy.
New Orleans, Aug. 9.-Pronounced
weakness vas shown by cotton today
in the face of unfavorable weather
over the greater part of the belt.
Heavy selling appeared on the open
ing, in response to a poor Liverpool
and was continued after the call be-
cause of the weak stock market, the
slump in Foreign Exchange and a
the end of the first hour of business
prices were 55 to SO points under the
close of last week, October standing
at 1927 and March at 1885.
New York, Aug. 9.-The cotton
market showed the influence or great
er nervousness over European political
conditions and a rather easier tech
nical position during today's early
trading. The covering movement of
the short interest and there was scat
tering liquidation at the opening ow-
ing to the weak cables and decline in
foreign exchange. Southern selling
was also in evidence and after start
ing at decline of 20 to SO points,
active manths soon sold 80 to go
points below Saturdays closing with
October touching 31.50 and December
30.15. Trading was only moderately
active, however, and prices later
showed slight rallies on reports of
further showers in the South.
Liverpool, Aug. Cotton spot in
fair demand; prices easier. Good mid
ding 29.45; full middling 1920; mid
ding 26.95; low middling 23.15; good
ordinary 1910; ordinary, 1870. Sales
5000 bales, including 1000 American.
Receipts $4,000 bales, including TO-
900 American. Futures closed quiet.
August 24:61; October 22.66; January
21.34; March 20.74; May 20.26; July
1888.
New Orleans, Aug. 80 a. m. bids:
October 30.A1; December 1858; jan
uary 1886; March 1856; May 1927
asked. Market steady.
New York, Aug. 9.-Apprehension
of less favorable crop reports as q re-
suit Of the continued showers of rains
seemed insufficient to bring in any
fresh buying in the face of unsettling
features otherwise. On the other hand,
rallies of few points from the early
low level met increased selling for
VIII Street and Southern account with
December declining to 30.10 or 66
points below Saturdays closing.
Other months showed similar losses
and prices were within few points
of the lowest around midday.
New York, Aug. 9.-11 a. m. bids !:
October 31.40; December 3O.15; jan
uary 28.9S; March $3.50; May 28.16.
Market steady.
New Orleans, Aug. 9.-Liquidation
of long contracts increased and short
selling became more general, widen
ing tn edecline to 68 to rs points.
October traded down to 30.15. Late
in the morning the downward move
ment was checked by realizing Of
profits on short contracts and a reac-
tion of to 18 points from the lowest
levels brought about.
New York, Aug. 9.-Spot cotton
quiet; middling 5000.
New York, Aug. all but few
points Of the earlier losses were re-
covered with December selling up to
1910 on a rumor of four day armis-
tice on the Polish front and the de-
tailed weather reports showing con-
siderable rainfall in the South. The
buying tapered off as soon as the more
urgent demand from shorts had been
supplied, however, and most of the
advance was lost with the mid-after-
noon market ruling about 40 to 60
points net lower.
New Orleans, Aug. 9.-The rumor
that the Russians had consented to a
truce of four days caused swift up
turn and the most active months got
back to within IL to 1S points of Sat-
urday's final prices, October reacting
to 3O.78. For awhile the tone was
very steady, but gradually under lack
of confirmation of the political rumors,
the market sagged again and late i'll
the day was 45 to 55 points under Sat-
urday's close.
New Orleans, Aug. 9.-Spot cotton
quiet, so lower. Sales on the spot 90
bales; to arrive, 81. Low middling,
$3.50; middling 1925; good middling,
1000. Receipts, LOOT; stock, 215, ,445.
New Orleans, Aug. 9.-The cotton
market closed steady at net declines
Of al to Sc points.
Closing