Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-23
COTTON

NEW YORK, Oct. 22.-The feature in the
cotton market this morning was the strong
showing of Liverpool and private cables
reporting increased optimism over pros
poets of settlement of the strike and
more active spot demand. AS officially re-
ported the Liverpool spot sales amount
ing to 5000 bales were the largest for
several weeks and the market here opened
strong at an advanc of IS to 90 points,
with December contracts selling up to 1881
and January to 1880. There was good
deal Of realizing by recent buyers and con-
siderable southern selling which caused re-
actions of several points right after the
call, but the late cables showed consider
able strength in the English market and
there was active buying here by brokers with
Liverpool connections.
The advance extended to 1885 for De-
cember and 1915 for January, or about 80
to s5 points net higher during the middle
Of the morning. After the close of Liver
pool, however, trading became less active
and there were reactions OF 20 or 25 points
from the best under realizing or scattered
selling by traders who were doubtful of
an immediate adjustment of the british
trade labor troubles. There may also have
been some selling on the small sales of
print cloths reported in the Fail River
market for the week, or in anticipation Of
renewed hedging. The south was credited
with selling considerable cotton here early,
but offerings from that source were not much
in evidence during the middle of the day
The comparatively moderate midday reac-
lions were followed by renewed firmness.
The heavy Liverpool buying during the fore
noon had evidently reduced the supply of
contracts and the early afternoon market
roI1 inI t4o IL Dat H.
new high ground for. tine day with December
selling at 1000, and January at SIS. or
100 TO 105 points above last nights closing
quotations.
NEW YORK COTTON
The following were the ruling prices ia
The exchange today:
Tone, steady; middling, 21c,. quiet. -.
Open High. Low 81 s., fllise
Jan. .. so 19. 81 10 80 Us 10. so. Is. so
Mch, $50 10. SO 10. 80 10. 50 10. 80 49, IS
May :. 1910 1912 IS. 80 10. So 49, So IS. rs
July =. 40 Is. So 19.15 10. SO 10 So Is. IS
Oct. =. 1895 49, rs 10. sc 70. 10 .... 10. Is
Dec. :. 1885 %. IA 1885 1890 1897 IS. 95
NEW ORLEANS COTTON
NEW ORLEANS, Oct. 22.-Persistent re-
ports that the Goa lstrike in England was
about to be settled, coupled with too much
rain In the central and western divisions
VI the uelt, put the price OF COTTON up
about SIS bale in the first hour of trading
today. Heavy buying for long account swept
the market bare of offerings and put De-
cember to 1882 and May to 1895. At these
levels the trading months were SO to los
points over the closing quotations of yes
terday.
Moderate recessions followed the first up
ward movement but toward noon the tone
became firm on reports of a better demand
for spots with rumors that mills were
important buyers of the low grades at points
in the central belt. There were also re-
ports that big people were trying to buy
spots in the western belt and were finding
were sent to gains of 105 to 11S points with
December trading up to 1913.
The market firmed up rapidly in the late
trading on rumors from England that the
railway men had decided to postpone their
participa ton in the coal strike. December
advanced to 19.64 and the list toward the
close showed gains of 127 to 1876 points.
NEW ORLEANS COTTON
The following were the RI: 'es In the
exchange today:
Tone, very steady; middling, Ice, steady.
Open High. Low. sale Close. Close.
Jan. =. 1881 10. Al 1884 19.3S 10. SO Is. 20
Mth. 80 10. 40 1874 10. "a 49, "a Is. O5
May E. 1890 1920 1880 1897 1885, II 80
July :. 1919 10. 90 1s449 IS. rs 10. rs 17.74
Oct. -. 1895 10. 80 SOS 1913 10. Is Is. 80
Dec. =. 1890 10. 81 1890 9.55 10. so IS. 80
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Oct. 22.-Spot cotton
STEADY, unchanged. Sales on the spot 87S
bales; to arrive, 1919; low middlnig, 80;
middling, 800; good middling, 81 90; re-
ceipts, 1854; stock, 25641s.
SPOT COTTON MARKET