Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-09-20
COTTON IS LOWER
ON CROP REPORTS
Talk of Increased Offerings
From the South Also
BeariSh Factor.

by RDf AsSbtldteI
NEW YORK. September 20.-Cot.
ton futures opened barely steady
October, 1909: December 1926; Janu.
AIRY. 1859: March, 1857: May. 1878
Tho market opened barely steady to-
day at an advance of 3 points to a de-
cline of points. most months being
lower in response to relatively easy
Liverpool cables.
Selling was active after the call ow-
ing to belief that the volume of hedge
business by the South was steadily in
crcasing, and further private reports
pointing to an increase in the indi
Gated crop October broke TO 1898
net decline of L. points. and new low
ground for the movement, while Janu
airy sold off to 1921. the general list
showing net losses of about II to IL
points by the end of the first hour.
Talk of increased Southern offerings
and the larger private crop figures
evidently more than offset the tropical
storm news during early trading.
A private report estimated the con
dition ISL and the indicated crop 49,
SIS 900 bales. While another made the
condition 55S and the indicated yield
1J.201 900 bales.
After the early hedge selling had
been absorbed, the market rallied on
the tropical storm threat. December
contracts selling up to 1888, or 20
points above the low level Of the morn
Ing and 10 points net higher. Demand
seemed TO he chiefly in the way or
covering, however, with buying other
wise held in check by the private mid
month reports showing an increase IN
he crop indication on the average
The market was barely steady at ma
day December eaSed off about 10
points from the best to 1920. the gen
eral market showing net declines oi
about to points.
REPORTS that the tropical storm was
working into Alabama led TO another
furry of covering in the early after
noon. which sent prices mp to 1912 for
December. or about II points net high
er. There was no Improvement in the
storm news but offerings increased at
this figure and the market SaSged
back several points under realizing
with active months about net un-
changed to points higher at
o'clock.
New Orleans Quotations.
NEW ORLEANS. September 20 LP)
Il 'otton-FutureS am. bids STEADY,
October. 1903; December, 1928; jan
u;try. 1884: March. 1915; May. 1850,
The cotton market opened higher to-
DAY owing to favorable Liverpool ca =
bles and storm news. first trades
showing gains of to II points.
Prices improved after the opening,
but soon eased off on professional
selling October trading down to 1886:
december to 1906. and January to
1912, or . to 5 points under Satur-
DAYS close.
Prices continued upward during the
morning on the news that the trop-
iral storm had struck inland. Octo-
her advanced to 1912, December to
1888 and January to 1888. Toward
mdsession prices eased off.
Liverpool Market.
LIVERPOOL. September 20 IP).-
Cotton--Spot, quiet; prices easier;
American strict good middling, 1852:
good middling, 1922; strict middling,
992; middling. 9.37; strict low mid
ding. S.62: low middling, 7.67; strict
good ordinary, 6.72; good ordinary.
5.91 Sales. 5000 bales, including
3 300 American. Receipts. 1000 bales,
no American. Futures closed quiet.
September, S.71: October. $50: De
cember. SIS: January, So: March,
$40; May. S.79; July. S.71.