Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-02
COTTON

NEW YORK, Sept. 30.-Higher Liverpool
cables accompanied by reports that the Old
ham tEngland) mills would reopen next
Tuesday, led to a firm opening in the
cotton market today first prices being driven
to IS points higher. Covering was also
promoted by the gulf storm threat but the
market met considerable cotton at 1906
f3r December and 22.40 for January, or
about 30 points above last nights closing.
Conflicting reports concerning the British
coal dispute probably inspired some selling
on the reaction which carried prices back
to about yesterdays final, but offerings
from the south were less active than re-
Gently and the early market showed a pretty
steady undertone / nspite Of irregularity.
There were reports of big fire at Calves
ton. where local spot people are said to
own some cotton, and it was thOufht there
might be covering of hedges.
The break from hte early advance carried
the market about IS to 40 points below
last nights closing figures during the mid
Of further hedge selling, combined with
nervousness over British labor conditions
and the failure Of reports from the goods
trade market to show an improvement. The
southern pressure was less active than on
previous declines, however, and after SELL
Ing at 22.3S for December, the market be-
promoted by less favorable weather and
L5rop reports. Two private condition figures
$were issued, one making 1t 56.7 and the
other 3d. both figures suggesting more than
Very oullish weather reports failed to
hold the early afternoon market and prices
made new low ground for the day under fur
ther southern hedge selling and local press
ure. October sold at "a 90, and December
4 at %. Is shortly after . O'clock or 43 to go
points net lower.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone. steady; middling, %. SOC, quiet.
Open High Low. Sale Close. Close.
Jan. =. %. 80 %. 40 q .33 q. 20 PHO %. 10
Mar. :. 22.O0 22.13 q .05 2140 21. So p .s3
Nay :. 21.65 21.so 20. 65 81 .O5 21.O5 q. SO
fully =. 81 20 81. 20 20. 20 20. 80 20. AS %. IS
Oct. :. 24.75 24.75 %. 55 q. 80 @. so "a. 40
Dec. =. 22.95 % .05 81 .95 %. 20 22.15 %. 70
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 30.-Eear of crop
damage as the result of the cold wave cross
ing the country and the storm In the gulf
caused a higher opening in the cotton
market today but after advances Of 81 10
points the upward trend was suddenly
kAeeked and sharp downward reaction
esaurred. This was due to the fact that
the weat her map failed to reflect any really
Managing weather over any great area of
ectten. At the end of the first hour Of
business prices were 20 to As points under
the the finals of yesterday. December rose
10 22.0S and reacted to 21.25. -
Official reports of frost in Oklahoma,
With freezing at some points, checked the
Falling and caused small recoveries from the
nwest. Late in the morning the trading
months were 16 to "a points under the close
pr yesterday.
In the afternoon selling became heavier
than ever as the result Of general liQui-
: Nation of long contracts which encouraged
aggressive selling for short account. Prices
were forced 60 to 80 points under the close
Of yesterday, but Just on the close a quick
apturn of Is TO 30 points from the bottom
Resulted from realizing profits on short con-
tracts. At the lowest December sold down
to 21.00.
NEW ORLEANS COTTON
The following were the ruling n-ices In the
Exchange today:
Tone, steady, middling, 23c, steady.
Last Prev.
Open High. Low. Sale. Close. Close.
Jan. :. 81 .55 81 SO &c. SO 20. rs 20. IS p. "a
Mar. n p. 40 81. 40 20. 80 20. As 20. As q. 90
Nay =. 21.0O PLOT 20. 10 20.17 2O.17 20. IS
fully .. 20.70 20.7O 10 80 10. 80 10. so 20. Is