Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1920-02-20

COTTON

kct showed renewed nervousness and irrCEl-
larity carly today. Cables were slightly
lower than due. while the early stock mar
kct was unsettled and after opening to
Il points lower active months sold about
IL to 81 points below last nights closing.
This carried May off to 33.93,N making a re-
action of II points from the high point
reached on the rally Of Tuesday. and the
market then steadied on governing and a
little trade buying. Private cables from
Liverpool said the market WAS nervous, but
had stcadied after early declines owing TO
the fact that no change was made In the
Bank of England rate.
The market was featuraless during the
second and third hours. with prices hover,
ing close about the opening figures. Wall
street attempts Mt depression were nulllfled
by scattered buying. Lacking ot;ler 4c-
tivity the ring discussed the propose Ito
reduce commission rates to the New orleans
Houses with Liverpool connections were
buyers fthe old crop months on the &c
cline and business became very quiet later
in the morning, with prices ruling steady
ON scattered covering for over the approach
ing thrcc-day adjournment. May rallied to
34.1G, or within . points Of last night
closing figures. and about 10 points from
the low level Of the morning, and prices
held within or points Of the best early
in the noon hour. The steadier early ruling
of sterling exchange helped the rally and
: March was relatively firm. .,,-.,
The market was very quiet during the lhlu-
die CT the afternoon, but showed i" generally
steady tone on continued covering. March
was relatively firm, selling up to 3G.39c or
81 25t or net unchanged, and prices were
within Il point or two of the best around
$50 O'Clock.
NEW YORK COTTON
The following were the ruling prices Tn
the exchange today
Tone steady; middling, 1920; quiet.
Open High. low. Sale Close. Clase.
Jan. =. 90 60 IS. 50 IS go IS. 81 ..... 800.
Mar. SO 80 sc. 10 sc. % $500 SO G5 SO. 80
May =. 81 10 81 SO SO 03 "A 80 - .2S It's
| July 81 90 80 % 81 s. 81, 10 81 90 80 10
Oct. ..20 G5 % SO %. 80 29.77 29.77 %. "a
Dec. ..@o.12 %. 20 20. II 29.15 ..... 29.2j
lew ORLEANS COTTON
! NEW ORLEANS, Feb. 19.-SnGging prices
opened the trading in cotton today. and in
the first half hour of business the active
! yesterdays close, March falling to 3I.2i
and October to 1886. An easier feeling =
the cotton market. unsatisfactory cables
and better weather in the belt encouraged
selling, hut the market was steadied 10y the
settlement of the dock strike in this port
| ard the better railroad labor outlook;
After the early offerings were absorbed
| the market felt better demand and prices
| recovered until late in the morning the trad
ing months were 2 points over to points
| under the close of yesterday. Some OF the
| buying was due to messages from Texas
stating that the soil sogGy in some
coui.ties that farm work was greatly de-
| Reports that buyers for New England
| mills were in the local spot market encour-
| aged Il further demand for contracts and
| ut l o'clock prices were at net advances
| of 6 to II points.
NEW ORLEANS COTTON -
The following were the ruling priegs In
Tone, steady middling Go.75c, steady.
Open. High. low. sale. Close. Close
! Jan. =. go. ..... ..... ..... S.T9 IS. 10
MAJ. D.. 81 80 81 .G5 81 81 81 SO 81 81 81 .33
May 81 % "a SO "a. 46 34.77 81 10 81. 10
July ~. 50 81 So 20 81. 50 so. GA 81 63 81. -
Oct. e. 20 So % SO 70 55 29,7S ~. IS % ~
Dec. ~ O3 20. 10 %. 90 %. 10 20 03 20 .0o
NEW ORLEANS SLOT COTTON
NEW ORLEANS, Feb. 10.-SpOt cotton
| steady and unchanged. Sales ON the spot,
| 570 to arrive, 800. Low middLng, 32.2Jc;
mitldling, 100; good niIdling, 41.11c' Re
| ceipts. 1861; stock, 453,S1l.
SPOT COTTON MARKET
| Atlanta. steady. 40.lJ".
New York, QHiet, $1,000.
New Orleans. steady, 39.15c.
Philadelphia. steady S3.45c.
| Galveston, steady, II. 2Jc.
| Montgomery. steady, 3S.JOc.
Norfolk, steady, 3S.T0c.
- Savannah. steady, 39,@5c.
| St. Louis. steady. soc.
| Houston, steady, 40c.
! Memphis. steady, SOC.
Augusta, steady, $500.
Little Rock. steady. csc,
Dallas, steady, Al. Soc.
! Mobile, steady, SSc-
| Charleston, steady, 39.25c.
! Wilmington, steady. 5Sc.
| Boston. steady, 20 40c.
ATLANTA sp0I COTTON
R RlaGof Sio. eo..on iS9
! shipments 'DUJ
! Stock NEUTRALITY-SUSPICIOUS.. ......... .JJ,JCl
| ANTPIChN COTTON AND