The Union daily times. [volume] (Union, S.C.) 1918-current, 1920-07-27

tlonary movement became pronounced
in the late trading, the distant months
being especially strong. Late in the
session March stood at 29.15 and the
list showed net gains of 10 to 45
points.
New Orleans, July 27,-At the low
est of the morning prices were 20 to
80 points off. The forecast of showery
weather in several states in the belt
caused some short covering and pro-
fessional traders began buying on the
view that the market was over sold.
Late in the morning something of
recovery set in and the declines were
reduced to 8 to 25 points. Later posi-
tlons received more support than the
near, resulting in irregularity.
New York, July 27-Later selling
in which the South continued leader,
with further Wall street offerings and
local liquidation depressed the market
to 32.o5 for October, 1890 for Decem-
Der and 1880 for January or 25 to as
points under last nights close. Liberal
covering developed at this level and
the market had rally of about 20 to
25 points toward 1 o'clock.
New York, July 27.-At one time in
the early afternoon the market sold 5
to 8 points above the previous night,
mainly on further covering and little
local bull support on the idea that to-
days rains in the belt would prove bad
for the crop but the advice failed to
hold and by mid afternoon the market
was rather easy again with prices
from 8 to l6 points net lower, October
being 1924, December 5000 and jan
uary 29.77.
Liverpool, July 27.-Spot cotton in
fair demand; prices easier. Good
middling, 1856; fully middling, 27.31;
middling, 26.O6; low middling 1926;
good ordinary 1906; ordinary, 1906.
Sales, 5000 bales, including 7,1OO|
American. Receipts, 5000, including
500 American. Futures closed steady.
July 242S; October, 22.62; January,
21.39; March 2O.sS; May 2O.29.
New York, July PA renewal of
selling pressure from the South with
rumors of freer offers of spots and
selling by local and Wall street in
terests caused another drop in cotton
prices early today. The opening was
steady with May five points higher and
other months 8 to II lower, after
which general break occurred, forcing
prices from 8 to 81 points under last
night with October off to 1929, De-
cember 30.51 and January 29.73.
New Orleans, July 27.-After de-
clines of 8 to 20 points on the opening
call today the cotton market steadied
up on reports of the considerable rains
in the central belt and went 3 to II
points higher than the close of yester-
day. The failure of the weather map
to confirm private reports of too much
rain and continued favorable crop re-
ports from Texas caused fresh selling
unde (which the market, at the end of
the first hour of business, broke to
levels 20 to 32 points under yester-
days final prices. October traded as
o
Washington, July 27. Cotton az
ports during the fiscal year
ended last June 30, exceeded those
in the year before by more than
100000 bales, trade statistics issued
today by the department of Commerce
show. The figures were 6,915, ,40S
bales, valued at 1881 ,7O7, SOP in 1929
1920 compared with 5,353,895 bales
worth 1878, ,o69 the previous year.
In June however, cotton exports were
cnly 241 ,449 bales compared with
690,1 in June cf last year.
New Orleans, July 27.-The cotton
market closed steady at net advances
of one to 46 points.
High Low Closing
bid
October ----- 31.7O 31.22 31.61I
December ----- 1896 $3.50 3O.33
January - - - 1886 1925. 1884
March ---- - 1928 $3.50 29.16
May -- -------- 28.47 27.86 28.4OI
New York July 27-The cotton