Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-09-10
over $4,000 IN
COTTON IS SOLD
HERE UP TO NOON
Approximately 700 Bales Change
Hands AS Market Strength
ems Again
20 CENTS is LOWEST PRICE,
21 IL CENTS HIGHEST PAID
Receipts Pass 5000 Bales-Fu-
lures Market Up And Spots
Near Top For Season

Cotton was booming in AmcriCus
today. Following a strong futures
market, spot cotton advanced two
cents a pound OF better, and up to
noon approximately 700 bales had
been sold here for the day at prices
! from 20 cents to 21 IA cents. The
| bulk of the sales were for 20 cents
which took place early in the day
shortly after the opening of the ex-
change markets. After the close OF
the exchanges spot cotton here
! brought q cents a pound, an advance
of so a bale over Fridays price.
The sales of cotton here up to noon
amounted to between $4,000 and
$4,000, meaning tha much additional
cash turned loose in Americus.
The actual receipts of new crop Of
cotton, as shown by the scale books
Of the local warehouses to noon Sat
urlay; -5;z44 bales.
Although. Friday was a compara-
lively heavy day in local cotton re
ceipts, with nearly 600 bales recciv-
ed at the warehouses, indications
Saturday were that it would be ex-
ceeded before nightfall. The gins
were idle several hours Saturday
morning on account of trouble at the
electric power plant cutting off the
current, and scores Of wagons stood
for hours waiting for service. This
meant that whereas Saturdays re-
coipts are nearly al lin by noon ord.
narily, cotton will be coming all after
moo ntoday.
Among the cotton sold here today
were 118 bales Of old cotton, which
brought 20 cents pound. Three
hundred bales of new cotton went to
one buyer in single sale early II
the day al 20 cents. Eighty bales
went another at the same price.
About 10 o'clock, as the futures mar
ket touched the high spot for theI
day, few bales changed hands at
21 IA cents. This was within a
quarter of cent of the highest price
paid fer spots here az the peak Wed
nesday just before the break of S1OI
a bale in the afternoon.
The future smarkct was very strong
Saturday, following the break Of the
latter part Of tho week which squccz
ed out lot Of soft spotsiin the spec
uativc market, opening 20 points up
in the New York market for OCtObcrI
and gradually rising until 21.20 was
reached the high point of the day !
an advance of 165 points over the
previous close. October closed att
20.75, 12O points up over Friday and
an advance Of 100 points for the
session. The strength of the close
caused an expectation Of strong
market Monday, particularly when
taken in connection with bultlsl prl.
vate reports of rains in Texas and
other bad crop reports.
As a result of the skyrocketing of
the price of cotton, and the begin
ming of selling, retail business has
taken on a decidedly improved tone
and as soon as selling becomes a bit
more general a heavy season IS eX-
pccted. Buying has been curtallcd
SO long that consumers are short Of
nearly every commodity, including
necessities such as clothing, shoes
and household and farm equipment.
Estimates of Sumter's total new
crop continue to vary from $4,000 tc
10000 bales. This, with probably g..
600 bales of old cotton still ansold
when released at 20 cents pouNd or
more, will put a quantity of money
into circulation locally that will com.
plctelv route hard times, at least for
a period.