Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-08-14
COTTON

NEW YORK, Aug. 13.-The cotton market
was extremely nervous and unsettled during
| today's early trading. The opening was very
steady at an advance of to 20 points on
! the overnight reports of further rains in the
| south and there was covering by people who
had sold on bearish private condition fig
! ures yesterday. The advance to 80. SO for
| December met liquidation by recent buyers,
| and the market soon weakened with Decem
Der selling off to 29.9S, or "a points net
lower.
| The market rallied 40 points in the second
| hour weather reports showing rain in all
parts Of the belt except the northwest sec.
tion. The list, however, reacted slightly, but
| held firm.
! The selling slackened and prices turnetd
! firmer after publication of the weather map
which confirmed early shower and rain re-
| ports. ,Rumors of better prospects 70 an
armistice between Russia and Poland were
also a factor but business failed to broaden
on the advance and trading was very quiet.
December sold up to 80. AZ, with active
months showing net advances of about -
to 25 points around midday.
Circulation of couple of August notices
was considered responsible for a break to
80. 80 for that position, about $50 points
below last nights closing quotations There
were very, few trades in August, but the
break caused some selling of later months
and the market was easier during the mid
afternoon, with December selling off to
30. 10, or points net lower.
NEW YORK COTTON
The following were the ruling prices in the
exchange today:
Tone, very steady; middling. 1880; quiet.
Open. High. Low. Sale. Close. Close
Jan. :. 10 % % 2S. 50 20. 0s 20. O4 2s.95
Mar :. 2s. IS 2s.ss %. 40 %. 90 IS 80 %. so
May :. .35 %. 90 23.17 %. IS %. IS %. "a
July 900. 800. 2s.O5 .....
Sept. :. go. 49,. $50. 1925 900.
naA . n ~ ~
Dec. :. 30. 30 80. AZ %. 9S 80. IS 3O15 30 20
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 13.-After a period
OF unsettled trading during which prices
fell 10 to Is points under yesterdays close,
cotton today braced up for fairly wide gains
and Poland had been signed. At the end Of
the first hour Of trading, prices were 13 to
10 points over yesterdays finals. October
fell to 30. 10 and then reacted to 80. A.
Report Of damage to the crop and unsat
isfactery results as regards fruitage from
cool nights and too much moisture came in
from many points in the western belt and
. served to widen the advance. Late in the
morning the trading was % to q points
ing at 30. so.
Traders who were buyers ON the early
rumors of an armistice tired of their hold
ings and commenced to let go, causing wide
.slumps which carried prices 10 to % points
under the level of yesterdays close Late
In IHe 0ay the tone was somewhat SteaQles
with the active months points under to
10 points over the final prices Of yester.
day.
'.. NEW ORLEANS COTTON
The following were the ruling prices in
the excha ngc today:
= Tone, steady; middhng, $3.50; steady.
Last. Prev.
r Open. High. Low. Sale. Close. Close
Jan. :. 1915 2S.97 Is. 80 IS. so 2S.7O %. 10
Mar. =. 1885 1856 2s.17 os.47 ,2s.47 2s. 81
May :. % So 2S.16 81 .s5 2s.o3 %. O5 81 .95
Oct =. 80. 20 so. 80 so .O2 30. 20 30.12 80 20
Dec. :. %. SO % 70 90 80 %. 40 % 4e 90. IS
NEW ORLEANS SPOT COTTON
v NEW ORLEANS, Aug. 19.-Spot cotton
quiet and unchanged. aSles on the spot 226
bales; to arrive none.
/. Low middling, 24.50; middling, 1926; good
middling. $500; receipts LAS; stock,
213,2l7