Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-14
COTTON

NEW YORK, Oct. ia new low level
Of prices was established in the cotton mar
ket here today. Liverpool showed declines
over the local holiday while reports from
the goods trade were unfavorable and the
weather in the south continued favofahle
for picking and maturing the crop. These
featurees led to a good deal of local and
Wall street selling, while there was heavy
hedge selling by the south and after open
ing easy at a decline Of 10 to At points.
active months showed net losses OF about
80 to Al points with October selling at
21.50; December at 20,30 and January at
1915. Both local and southern spot houses
were good buyers at the decline and there
was considerable realizing on old short lines
which absorbed offerings and caused mod
crate rallies.
The market was under continued pressure
later, Liverpool, the south and local opera
tors being active sellers. Trade interests
bought on a scale down, but otherwise
about the only support represented profit
taking of old short lines, and, II anything,
publication of the favorable weekly wealth
er report. All active months made new
low ground with December selling at 2O.O5c
and January at 19.45c with the general
market showing net declines of about 80 to
Reports Of a disturbance in the extreme
northwest, which might bring another cold
wave to the south, led to covering during
the early afternoon. December contracts
sold up from 20.05c to 2042c and January
from 19.45c to 1910. with active months
ruling about IS to 33 points net lower
around O'Clock.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 2Sc, quiet.
nro Ga
Jan. ...19.s5 19. 95 10 43 10. IS 10. So 20. 10
Mch. 1888 10 go 1910 1916 1915 1917
May ...19.s5 10 40 19.03 1884 10. 80 10. SO
July 1905 1915 1880 1910 $50. 80
Oct ...21.5O 81. rs loo As LAS 81. 80
Dec. ...2O.4O 2o.4s 2O.O5 2o.37 2O.39 2O.e
NEW ORLEANS COTTON
NEW ORLEANS, Oct. 13.-The slump in
the Liverpool market yesterday caused a
opening today. During the first hour of
business prices were to As points under
the close of Monday with December down to
1920. Favorable weather over the belt
caused more or less selling. Private ca
bles from Liverpool stated that values there
had been affected by continued financial
and industrial depression.
Tie weekly crop reports were considered
favorable and selling increased moderately
following their reading to the ring. Little
demand appeared from any quarter and it
did not require large Offe ng" to depreis
prices, which, in the trading up to II O'Clock,
fell to levels 81 to GA points under the
close of Monday. December eased off to
1910.
Substantial reactions were caused by short
covering. reports that trade interests were
buying and the fear that the barometer
lines on the weather map meant rain for
the belt. Prices recovered to within to 10
points of Mondays finals but in the trad
ing toward the close the market lost much
s $50 fn1 tnr m OF mo
NEW ORLEANS COTTON
The following were the I'll ICES In the
exchange today:
Tone, steady; middling, 2o.75c. steady:
Open High. Low. Sale. Close. Close.
Jan. ...19. % 10. SO 1870 10. 20 19.2S 10. As
Mich. ..19.1O 10. 81 1888 10. Os 1892 10. %
May ...1s.ss Is. 81 $50 So 1892 10. OF
July 1880 $50 1875 1854 1854 49,
Oct. 20. 80 O.3O 1898 20. 90 90. 90 90. 80
Dec. ...1s.40 10. 65 1910 1892 1852 1874
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Oct 1S.-spot cotton,
steady; quotations revised. Middling, 70
points lower; sales on the spot 1908 bales !;
to arrive, 1900; low middling, 14.25c; mid
ding, 20.75c; good midding, 22.75c; re-
ceipts, 5,045; stock, 224,3 74.
SPOT COTTON MARKET
New York, quiet, 23c.
New Orleans, steady, 20.75c.
Philadelphia. steady, 23.25c.
Norfolk, steady, i22c.
Savannah, steady, 22.5oc.
St. Louis. steady. 23c.
Houston, steady, 20.50c.
Memphis. steady, 22.50c.
Augusta, steady, 21.25c.
Little Rock, steady, 21.50c.
Dallas, steady, 20.10c.
Mobile, steady. 21c.
Charleston, steady, 24c.
Wilmington, steady, 2250c.
Boston, steady, 24c.
Galveston, steady, 22c.
ATLANTA SPOT COTTON
Atlanta spot cotton -. -. -. 80. ...21 .40c
receipts ..'. ..s... 43I
Shipments 693
stocks zee. .l2,o OO
AMERICAN COTTON
AND GRAIN EXCHANGE
COTTON QUOTATIONS
The following were the opening. highesl
bwest, close and previous close quota
lions on the American Cotton and Grain
Exchange Of New YORK: