Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-08-12
COTTON

NEW YORK, Aug. 1.-THE early cotton
market was influenced by higher Liverpool
cables the more cheerful view of European
conditions and complaints of too much rain
in the south. First prices were 30 points
lower on September, but generally to ~
points higher, and the market soon showed
net advances of IL to Al points. October
was relatively firm, selling up to 32.53c,
while December touched 31.S6c ON buying
by Liverpool and covering. The latter was
promoted by expectations Of bullish
weekly report, and there was considerable
buying for southern account. Some hedge
selling was reported however, while the
advance met considerable realizing or scat
tered selling for reaction, particularly IN
the later months.
Reports that about 1000 bales of cotton
had been sold cult of the local stock since
the beginning of the month probably con-
tributed to the strength of the near months
and October contracts sold up to $3.50
later. or 81 points net higher. while dis
tant months showed gains of 81 TO AZ
points. The weekly report of the weather
bureau. however, proved less unfavorable
ences to the boil weevil, and the market
broke sharply after its publication.
The selling became more active and gen
eral, and prices weakened rapidly during
the early afternoon with october declining
to 81 IS and December to $3.50, or So to 81
points below last nights closing figures.
Cotton bought on the expectation of bull.
ish weekly weather report was liquidated
and there was selling Tor southern ac-
count.
Sellers became more aggressive, and they
forced much liquidation of long cotton. "A
private bureau condition report OF 69 per
cent of normal was given out, but while 1t
indicated q loss of over points for the half
month 1t brought the market little support.
Not until shorts started taking profits was
he decline checked. At the Lowest levers
prices were 40 to 20 points under yester-
DAYS close October selling as low-as 3Os 49c, :
pniutS from thp highest. TOWard
the close there were moderate recoverreS
and the active months stood at net losses of
, 80 to So points. ~-r.
NEW YORK COTTON y.
The following were the ruling prices in the
exchange today:
Open. High. Low. Sale. Close. Close
Jan. 1910 3O.1s %. o5 30. 80 29.17 % .3s
Mich. 20. 80 20. e5 %. 20 90. 90 %. 90 % .35
May 2s. so %. OS %. % 2s.3s 40 '2s.7S
Oct. ...s2. so S2.65 1892 51.s5 31.75 80. IA
Dec .31 .25 81 .43 80. 40 80. go 30,55 81 90
NEW ORLEANS COTTON - -, ., -
NEW ORLEANS, Aug. n.-Continued
rains in the belt, talk of bullish condition
figures and much higher cables. than due
combined TO put the price of cotton higher
today. During the first hour of business
tie active months rose 26 to39 points, carry
ing October to II .4Oc and March TO % 46c;
CDmDaintS of insect damage increased anu
Texas kilograms stated that wet weather,
WAS interfering with the movement Of the
new crop.
Steadiness continued and gains were wild
ened to &c to Al points, October rising to
Bias, but following the weekly crop re-
ports from the government, which were bet
ter than expected. the market broke VIC.
lently, all gains were wiped out and prices
went II to p points under the close of
yesterday. October fell to $3.50.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady: middins. 35.I5c; steady.
Last Prev
Open. High. Low. Sale. Close. Close.
Jan. 20. 10 30. IS IS. So IS % %. 90 %. Al
AMch. 20. As 30 46 %. so IS. so %. 50 80. 20
May ........ ...,. $50. 2o.V2 zo.4o
Oct. 81 5 81. AS &c. 40 80, SO 80. so 81 .05
Dec ..3O.45 so. 81 90. 81 80 30 II 80. 20
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 11.-Spot cotton,
quiet and unchanged. Sales on the spot,
373: to arrive, 1G. Low middling, 23c ),
middling, So jc good middling, $500. Re
ceipts, 1,123; stock, 273,097. ,s-.
LIVERPOOL COTTON -"
Tone, steady; sales, 1000; good middling.
20 SD