The Union daily times. [volume] (Union, S.C.) 1918-current, 1920-08-14
TODAY'S COTTON MARKET

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New York, Aug. 14.-Cotton fu-
tres opened steady. October 31.25;
December 30.12; January $3.50;
March 2s.e5; May 2s.a5.
New Orleans, Aug. 14.-For the
first time since the village days of
New Orleans gambling houses were
closed at 1901 o'clock this morning.
New Orleans, Aug. 14.-Opening:
October 30.15@30.18; December
29.39; January 28.64@28.67; March
28.O5@28.12. Market quiet.
New Orleans, Aug. 14.-In the ear
ly trading in cotton today the market
was unsettled and lost 10 to 10 points,
mainly on evening up transactions on
the long side, but after the census
bureau report on American mills for
July the tone was better. On the
figures on consumption of525, ,4O5
bales against 510,328 during July
last year, fairly good demand rose
and it carried prices z to Is points
over the level of yesterdays close.
October sold off to 3O.O2 and then
advanced to 1922.
Liverpool, Aug. 14.-Weekly cot
ton statistics: Total forwarded to
mills 10000, of which American 49,
900; Stock 1000; American 647,-
600; imports 41,000; American 23,-
900; exports 1000.
New York, Aug. 14.-There was a
renewal of October liquidation in the
cotton market at the opneing today,
which was probably promoted by the
easier ruling of the Southern spot
markets yesterday and continued re-
ports of a slack spot demand. First
prices were steady at q decline of 81
points to an advance of poinst and
october contracts soon sold off to
31.O5 or 26 points net lower, while
December showed net loss of about
points with later deliveries, holding
figures. Unfavorable reports from
the goods trade were factor.
New Orleans, August 14.-During
the last half of the session the COM
plexion of the cotton market wholly
changed and great deal of pressure
came from the short side, being CEN
tered in the near months and partic-
ularly October which broke to a level
AZ points under the close Of yesterday,
to 29.70.
Other months went 10 to "a points
under yesterdays final prices. Sell
ing appeared to be directed against
longs who recently came into the mar
ket for the most part, although some
of it was encouraged by kilograms
from Texas claiming that insect dam
age was not great as feared when
the rains set in. The market closed
5to AZ points net lower on the day.
New York, Aug. 14.-Near month
liquidation continued late with Oc-
tober selling off to 30.88 or 43 points
net lower while other active months
showed net losses of only z to 15
pints. The close was few points up
from the lowest on covering with the
tone irregular, August being 25 points
and September 3 points higher while
later deliveries were 2 to 81 points
lower.
New York, August 14.-Spot cotton
quiet; middling, $40.
New Orleans, August 14-Spot cot
ton quiet; 25 points lower. Sales on
the spot, 228 bales; to arrive, none.
Low middling, 2425 middling, $500;
good middling, 1915. Receipts and
stock
New Orleans, August 14.-The cot
ton market closed barely steady at
net declines Of to AZ points.
High Low Closing
Bid.
October - 1922 29.7O 29.70
December 1858 1922 1922
January - $3.50 $3.50 1866
March - 1857 2S.28 $3.50
May 28.17 28.O8 28.1O
New York, August 14.-The cotton
market closed irregular.
High Low Closing
Bid.