Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-09-07

"'''1i'' ''- "'''' ~ 'N"N''' ''' "i6 u
under profit t1bk kg Ga tc exchanges =
the ovc Of the US. ginning report, du
for iho ro,,nlrv as Of Aucuat % s,
r.,.,.5.., ,I,,,,,oI om , o,,I - On + . ,
,r, -.
"' wv" ~ " '''''' ~ =. ''''-''' y, '''"
at net loss q 10 pom s over iueS-
days close for OctoDer tur entire
advance Of the day being wiPcd out |
aud more. ho~cvcr buyer wefc or !
fering 20 cents for spota. with little
selling.
The day was The no, sensational |
in the higDor yof tho COTTON market. |
Following an advance of tho full im
Il Of 200 points on the NoW YORK
cS hange Tuesday the market open |
cd "wednesday ll2 poiu's up for Oc-
tober ia New York, and $40 q bale
on the New Orleans exchange, al
strength never before experienced, 1t
was said, Heavy realizing IN New
lork drove quotations down ~ JoI
IG3 points down almost immediately j
but there were buyers ready % a0-
sorb all offerings, and the stump wa
I not registered IN the l3-mlnute quo
/ tatons sent out over the wires. Ih&
/ high point on he New YORK exchange
was 2l40 tor October delivery. Inc
, strength heId wen untlI INTO loe next
tr tlnai hour OF the session, Wheh
/ selling became general WcaEehlnG
/ the market and losing a large part
, Of he days gaIns.
The baSi" OF the fcmItkaDie
strength OF the American m'rhct was
, an almost hitherto unknown rength
. - Liverpool. After an advance
: there yesterday OF IOO American
/ pcnts nets, the market today showed
1ufthcr advance or liz points, LIF-
/ cfEool, corresponding TO ZZ4 points.
. American Scare OF cotton 1a"ihe
was Sald TO nave 0eeh thc cause Oh
The Liverpool advance.
Helps Securities
"Brodan WALL noted New York
! financial writer, says:
Improvement in the prices for
/ grain and cotton is the biggest IN
. fluence making for betterment in the.
securities markets. This, together
with tie heavy expansion in the cX
/ ports of those commodities is doing
much to thaw ou the frozen credits
4 in the agricultural districts which re
suited from the recent preclpltant de-
/ cline in the prices Of those commodl-
/ ties. TIE farmers are now finding
/ themselves in possession Of funds
/ that can be used to pay off their
loans to the banks, The latter in
/ turn will be in position to extend
/ financial aid to general industry
"Thc beneficial results to the
( banks because of the advance IN
commodity prices may be- CLEANED
I from the fact chat since July when
the low record prices for cotton we're
made the quoted market price tor
, that staple has expended $40 ,VoO,-
/ 600 for the carry-over of 100000
/ bales on hand in the United States.
Economists believe that the prices
/ Of grain and cotton will continue up
ward. This is considered especially
! true regarding cotton. The cotton
crops all over the world arc about
! two-thirds Of what they were year
ago, Expert cotton men state that
/ 20-cCnt cotton will not even discount
! the shortage Of the staple. Exports
of cotton from the United States
I are double this year what they were
, for the same period in 1920.
Big Speculation Interests.
There Is no doubt about The tact
that grains and cotton are absorb
, ing very heavily increased Specu-
4 lativc interest which IS expected to
j expand as prices advance. were l.
! net for the commissions beng rccclV-
/ ed out Of tfc commodities mafhcta
some Of the large brokerage houses
could not begin at this time 10 meet