Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-08-05

NEW YORK, Aug. 4.-The cotton market
was extremely weak and unsettled during
todays early trading. Owing to the holt
day there were no Liverpool cables to in
fIuence sentiment either way, but conf
dence seemed to be disturbed by the agita
ton again the high cost of living, and
threa tening labor situation, and after open
ing barely steady at decline of % to IS
points prices soon broke 100 to 116 points
under Saturdays closing. October sold of
to S3.15 and January to 1880, under heaVy
general selling liquidation.
The market was less active later IN the
morning and fluctuations were irregular.
The more urgent liquidat ton seemed to nave
been absorbed on the early break but raj
lies of So to 40 points from the lowest met
long cotton from one source or another ana
optimistic reports concerning railroad Ia
Dor conditions and unfavOrable private crop
advices helped the rally from 33.lo to $3.50
for October and to 1870 for January.
Bearish cnd-season statistics indicating q
worlds carry-over of $4,000 bales, against
1866, 900 last year, and the weakness o.
the stock market, led to 4 renewal OF heavy
general selling during the early afternoon
50 So CT 100 to 175 points net lower.
Market closed weak, net 1913 to 200 points
down from the previous close.
NEW YORK COTTON
Inc IOlIOWluR were II y EulIHS pA4NSo Wv She
Tone, weak; middling, soc, quiet;
Open. Iil%n. Low. Sale. | lose. Ilose.
Jan s4.1O 81. 10 So AZ 81. 46 so. 40 81. AZ
Mch. :. "a 05 34.0S 80. AZ 81. 45 S2.45 4.4s
May E. "a. 05 34.0G 80. so 81. so 80. AZ 81. AZ
Aug. ..... ..... 900 $500 ''''' 90 ~
Oct. =. "a. 90 34.0o 80. 80 $3.50 80 81. sc
Dee. =. 34.15 81. 25 80. so 80. 80 SO. 50 "a. sc
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 4.-The reaction
from the advance continued in cotton tdday,
the market feeling heavy selling Tor Doth &C
counts as soon as trading started. In the
first half hour of business prices lost ST to
112 points,
The second installment of the annual
statement by Secretary Hester, of the New
Orleans Cotton Exchange, was issued during
the morning and the trade considered the
figures on the carry-over from last season
6,S24 600 bales, against 4,422, 0OO year
AGO very unfavorable. Fresh selling ap'
peared on which the decline on the most
active months was widened to III to liza
points.
Stop loss orders were caught on the long
side and offerings increased generally. AZ II l
O'Clock the decline amounted TO Ill To 4o'
points.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, barely STEADY; mlddLnS' oZ'ooc
steady. ,,
Omen high. Low. Sale. Close. close,
Ian. 80. so Sc. 80 80. 90 80. 05 80. 0S 33. 95
Mar. 80. ss SO. sS 80 II 80. 80 80. % "a. II
Nav SO. 90 80. 90 80. 80 80. SO 80. % "a. 81
Oct. e. 80. 80 80 80 81. 81 81. OIL 80. 90 33. 81
Dec, =. SO. "a SO Sc 81. ST 81. 90 81 80 33. 81
HOLIDAY IN LIVERPOOL
LIVERPOOL, Aug. 4.-Owing to it being
a bank holiday in England, the cotton ex-
change was closed today.
SPOT COTTON MARKET
Atlanta steady, 1880.
New York quiet, 32.SOc.
New Orleans steady, 32.50c.
Philadelphia steady, 33.05c.
Galveston steady, 33.75c.
Montgomery, steady, 33c.
Boston, steady, 35c.
Mobile, steady, 33.J0c.
Savannah, steady, 33c.
st. Louis, steady, SAC
Houston, steady, 3360c.
Norfolk, steady, 32.75c.
Memphis, steady, Sac.
Dallas, steady, 33.10c.
Augusta, steady, 33c.
Little Rock, steady, 33.25c.
Charleston, steady, SIC.
ATLANTA SPOT COTTON
Atlanta spot cotton ...........'''' 90 Soc
Sales NEUTRALITY-SUSPICIOUS.. 1,OZo
Reccipts TAI
Shinments 1863