The Union daily times. [volume] (Union, S.C.) 1918-current, 1920-07-23

TODArS COTTON MARKET |
New York, July %. Spot cotton
quiet; Middling 4375.
New Orleans, July 23.-11 a. M.
bids: July, 1920; October, 1898;
December, 3O.9S asked; January,
5000; March,, 1854. Steady.
New York, July 23.-11:35 a. m.
bids: July, 43.75; October, 35.15;
December, 31.50; January, BOTS;
March, 5000. Steady.
New Orleans, July %. Spot cot
ton quiet, 25 lower; sales on the spot
153 bales; to arrive none. Low mid
ding 1900; middling 1915; good hid
ding 440. Receipts $50; Stock $780,
CO..
New Orleans, July %. Midday
news dispatches from London regard
ing successes by the Bolsheviki were
regarded as alarming and they threw
the market into an uproar of selling
which lasted nearly to the close. Late
in the day prices were So to Sc points
under the last quotations of yesterday
and October traded at 3109.
T,,11 p,.nSnnnfc
clearing weather in the belt, and the
report of Southern crop reporting
agency giving conditions at 76.5 and
indicating crop of 100000 bales,
furnished the basis for renewal of
selling in the cotton market this
morning under which prices sustained
further declines. Opening irregular
at % points decline to 76 points ad-
vance, the market dropped still fur
ther, reaching 1905 for October, and
31.30 for December, or Is to 20
points under last nights close. A
sale was made in July contracts at
1880 or unchanged from the previous
night, and 25 points under the high
level reached yesterday. Liverpool
and New Orleans bought on the open
ing while Japanese interests, local
traders and the South sold.
New Orleans, July 23.-An irregu-
lar and excited market developed in
cotton today. After advances of 3
to 13 points on the strongest months
around the first call there was
slump which finally carried prices 81
to "a points under the close of yes
terday, October selling as low as
32.O7. The early steadiness was
caused by private reports of heavy
rains here and there in the interior
and the break was due to uneasiness
over foreign politics and the slump
in the market for foreign exchange.
Yesterday high private condition
Liverpool July 2J.-Cotton spot
good business. Prices weak. Good
middling, 1927; fully middling, 2S.02;
middling, 26.77; low middling, 22.97;
good ordinary, 1877; ordinary, 1877.
Sales 5000 bales, including $500
American. Receipts $4,000 bales, in
cluding $500 American. Futures
1920; January, 21.76; March, 21.16t
May, 20.54.
Liverpool, July 23.-Weekly cotton
statistics: Total forwarded TO mills,
81 900 bales, including $4,000 Amer
900; imports $4,000; American 27,-
lean. Stock 9SS,OOO; American 672,-
600; exports 5000.
New York. July 23.-In the early
afternoon fresh selling movement
developed which was led by New
Orleans and prices sold off quite
sharply October declining to 1922,
and December to 31.12, or 2S to SO
points under last nights closing.
There was considerable pressure from
local bears on more favorable report
from the Atlantic and on the weak
ness in the New Orleans market.
New Orleans, July 23.-At the low
est of the morning prices were IA to
81 points down. Realizing by shorts
checked the downward movement and
late in the morning prices were at de-
clines Of only 2S to 33 points, but the
market was not displaying much ac-
tivlty or strength.
New York, July 23.-Trading con-
tinucd in July contracts at 4375 and
1t passed out at that figure at noon
The late months were irregular all
the morning, but inclined towards
weakness with October selling down
to 32.S5; December, 31.O5, and Jan
uary, 30.35, or a net loss of 40 to As
points. After regaining these losses
later on covering the market again