Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-09-23
Lower Cables, English Labor
Troubles and Favorable
Weekly Weather Reports
Inspired Liquidation and
Short Selling

NEW YORK, Sept. 22.-The cotton mar
Ret opened barely steady at IS points ad-
vance to points decline. From the fact
that the south was heavy seller, traders
s4iEed the impression that the tropical storm
which hit the Louisiana coast last night,
was less serious than expected Fine wCarr.
Or n eastern sections of the belt, poor ca
bles, the English labor troub.ees, and pros
pcCtS fer Il favorable wG-%:Y weather re-
port al noon all contributed to the easier
feeling which prevailed. October advanced
Is points, to 2S.90 at the start on COW
ering. but offerings immediatel! increased
end January was points lower at "a so.
Subsequently,. the yhole list broke 80 TO 40
points under the previous lose, October
Teaching $50 and January 24.47.
More rcassuring news regardiug the prog
Tess of Ikea storm and a weekly rop and
wea ther summary that mas seldom h'cn
exceeded for optimism 81 this season If
the real caused a renewal OF he's siding
pressure a midday. under which tie mar
be broke from TO to Is lnts, Ietoer
feacsnr Is cents and Jar@ary 2i.2;', July
sold at - 80, representing new low record
for the season..
The arrival of southern advices noting
declines of to 2 cents in spot quotations,
and Liverpool cable to the effect that the
coal strike prospects were becoming more
gloomy, and that the cotton mill strike is
likely TO spread further caused heavy sell
ing pressure in the early afternoon that
night to 81 SOC, and other months 90 to 10
points lower, January touching 23.92c.
NEW YORK COTTON
The following were the ruling prices In tn
exchange today: ~.
Tone, steady; middling, 30.5Oc, quiet.
Open High. Low. Sale. Close Close
Jan. >. "a. So "a. So %. 90 "a. % 24. 20 "a. 50
Mch. y. "a. 90 "a. 90 % 20 1910 % 80 "a. O5
May :. 20. 80 %. 81 %. so % SO %. 80 %. SO.
July :. 49,. h.. 49,. $50. p 90 %. 46
Sept. .. 49,. 49,. 80. $50. % ~ ~. ~
Oct. 2s.9 80 %. 90 27.35 81. So p. so % rs
Dec -. 26.2e 26 90 25.0e % $50 20 SO 26.io'
NEW ORLEANS COTTON
NEW RLEANS, Sept. 22.-Aft2r advanc
ing on the first call to the extent ef Z to
10 points the more active months, on
buying stimulated By the movements Of The
hurricane, the cotton market Today fell OF
because of the absence of any news snow
ing that the disturbance 4ad worked any
great damage in the belt. AZ the eud OF the
first hour OF business prices We're 30 70 81
points under the close OF Yesterday. OctoGer
worked up to 27.45 and tell off 10 .7.uo
The forecast of fair weather for practi-
eally the entire western half of the cotton
region and private cablegrams from Liver
pool reporting a serious labor and trade
situa tion inceased the selling pressure
against the market to such an extent that
late in the morning the active months were
10 to 1u2- points under the close OF yeSCer-
day, with October down to 26. % and March
down to %. 60. Distant months were stead
Ter than the nears.
Tie weekly crop reports from the govern
ment were considered highly favorable and
they increased offerings materially. At the
lowest of the day October touched 10000
and the trading months were at net de-
clines of 81 to $50 points. Toward the
close there were recoveries of 50 to 40
points from the loves ton realizing by
shorts and reports of a somewhat better
feeling in the English coal strike situation.
Market closed steady, at net declines Of 40
TO 100 points.
NEW ORLEANS COTTON
The following were the ruling prices in
She exchange today:
Tone, steady; middling, Use, steady.
Last Prev.
Open High. low. Sale. Close Close
Jan. .. "a. p 24. % %. 10 90 30 %. % a. Is
Mich. % 81 % 30 22.54 % Sc % Sc % 80
May :. % so %. so 81. 80 %. SO % IS 22. IL
eepL. 49,. ..'.' go. -l.Vo 49,.
Oct. :. 27.O5 27.45 &c. O6 80 &c. 80 p 80
Dec. E. $50 % 40 "a. % "a. 40 24.47 25.21
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. 22.-opot cotton
quiet and unchanged Sales on the spot, 81
bales; to arrive, 100. Low middling, 19.00c;
middling, 2S.00c; good middling, 30.75c. Re-
ceipts, 1862; stock, 200, 500. f..
LIVERPOOL COTTON II H.:
Tone, steady; sales, 5000; good middling,