Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-06-02
MARKET OPENS QUIET. BUT
DROPS AS DAY GOES BY;
CLOSES DOWN "a POINTS
~ Associated Prs.

NEW YORK. june a feeding that
law end Mpy conditions figures had
been discounted and hat the crop hid
made better progress since The middl
I hot 'wcck non,r chiefly responsible
tfr d,clincu Ia "a, cotton market her,
'ulhN, O,stul,cr contracts "a off a.
49,, and closed AZ 1859 with thu g,ncr'
~ market clcring STEADY az net dc.
rlre ~ ~ To- 20 points.
TIL m1rkct WIS quiet ut thu rttt hr,
tn tone was unsettled, ms, prlrcs BE-
ans three paints lower 80 on, paint
hiehnr and after some little irreeu.
hrlty ,calt,ing became more active.
Offerings WEI" pretty well absorbed
arunnd 1885 for October and prices
held fairly steady during the middle oi
the dlN. hut broke moro sharply In the
'rc trading wh,n there WAS heavy
western and heal liuuidttlpn. southern
rlli1g WITS also active ~ times during
the dny aud lowest prices made Just be-.
icrc the close with July selling NJ ls.7.
nd Dee. AT iaar. making reactions
4 about 10 20 ~ poinis from heh lev
els ~ late last week. Two moro pri
waite crop reports were issued before tn,
oncnlnr, one ~ them making the con.
ntinn ISL and tn decrease IN acreage
SOS per cent with nm Indicated crop ~,
$4,000 Ia i.Soo. ooo bales The other
placing the condition ut 6SS and the
.cdlctiUn IN acreage ut sis with n crop
suggestion of ahnut O00. 000 bales. was
less bullish than the average NJ recent,
figures.
Belief that the crop had improved
llnce the canvass Tor tunOrrow's gov
eminent report was made las, week
vas promoted by the favorable weekly
report Of the weather bureau. Com.
plants that rains ar, nuw needed wcr
received from some sections OF the belt
iut mos, traders commented upon prc
vailing conditions as satisfactory ovel
Utmost the entire South. The condition
,port Tomorrow will compare with
condition NJ Ca uf last year. which was
the lowest un record aud tcn.ycai
Ncragc of iG.;. According t. loca,
,ruk,Is the markc here expects y con
Eiion ~ between e. aud es tomorrow
nd The average Of the cight privat,
,undl,icn figures published IL 6i6. o.
he average these reports point TO re
lucticn ot s,.i per cent.
NEW ORLEANS. June Improve
ncnt IN weather and crop condition,
,lt the cc,tun market lower toda.
Weep, that during the course of IN,
opening call prices were tn points
higher IN response To- u Somcw hat hSt
;,r Liverpool mark,, than due I'm
mrliat,ly after the call. "a sigying ten
ency developed and Il was In evidence
- the close. Late IN the day thu most
tvtivc months were ~ To 20 points un
~ the iast prices ~ yesterday aud IN,
I've" was AZ net losses of 10 to 90
paints.
Luly inst traded as high aS 1880
I'll oii to 1880 and closed at 1891.
Morc OF less selling was caused b,
kilograms from England stating tina,
lotion mill workers had again refused
20 consider wage reductions aud by e.
Vurts from the Carolinas telling telling
4 strikes among cotton mills In that
scc,ion. The heaviest selling. however.
r,sul,cl from the weekly crop accounts
by the government which wcrc better
than expected and Indicated that thu
crop WIS making good progress In mus,
sections.
The venthcr map was considered
iighiy favorable because It the warm
Weather prevailing over tho belt. with
only scattered showers In the western
L.. L..
ar, tons hut un,aslncss was caused by
the warning 1T a tropical disturbance
IN the northwestern Caribbean Sea.
Apparently headed north fer the Gulf
- Mexico.