Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-09-14
COTTON

NEW YORK, Sept. 13.-The weak show
ing of Liverpool, reports of favorable weather
in the south, and the unfavorable labor stu
alton at home and abroad, seemed responsible
for an active selling movement in the cotton
Ms rket earl ytoday. The opening was weak
at a decline OFFS to IS points, which was
rather better than due on the cables, and
active months soon sold some 81 ito 65 points
below Saturdays closing with october touch
ing 2703 and December % Is, while March
and some Of the latter positions made new
low ground for the season. London cables
sid that Manchester was depressed by the
uncertainty of tie coal situation and some
selling was reported both here and in Liver
pool on a private crop report making the
md-month condition against 90 at the end
of August.
The market seemed able to absorb good
many contracts after the opening decline, and
prices steadjer or the western belt fore
cast for partly cluody weather with show
ers. There may also have been some buy
ing on private returns indicating domesti:
consumption of 500 900 to $40 600 bales for
recovered about half their loss, selling up
to 1922 for October and 1888 for Deem
Der. Early sellers were buying on the
advance but the south continued selling here
and when the demand tapered off around
midday, part of the Improvement was lost
with active months showing losses of 40 to
80 points early in the afternoon.
Trading was less active during the early
afternoon and fluctuations were rather ir-
regular with active months ruling about So
to 20 points net lower. October contracts
were relatively easy under scattering liqui-
dalton, selling at 27S0c, or 70 points net
lower.
NEW YORK COTTON
The following were the ruling prices in tn
exchange today:
Tone, steady; middling. ;31.25. quiet;
Open High. Low. Sale. Close. Close.
Jan. .....24.0O 24.35 %. 8s 24.15 24.15 2455
Mich. ....23.25 1896 2317 $3.50 las %. rs
May ...23.OO %. % % So 23. 90 20. 90 90. 80
July .....22.6O 22.60 22.35 22.35 22.55 % so
Oct. .....2s.O5 1926 27.73 27.oS 27.95 2s5O
Dec ....25.25 1918 25.15 25.45 25.45 %. so
NEW ORLEANS COTTON
NEW ORLEANS, Sept 13.-Heavy sell
ing opened the new week in the cotton
market and prices in the first hour of the
session fell 8 Otto 1877 points, October drop
ping to 2G.30 and March to 221O. Poor
helt, reports of easier interior spot markets
and private bureau mid month condition re
port Of &c per cent of normal were behind
the selling movement. The market received
little support of any kind.
AS soon as early sellers started realizing
proIlts the market reacted. A somewhat
better demand came from outside sources
and a fair inquiry was based on private
condition report claiming deterioration Of
10 points for the half month The reaction
continued until prices were at net losses of
only % to 35 points, October trading as
high as 26.90c, but late in the morning the
market was 90 to 80 points off from the
highest.
The market turned into a trading affair
late in the session, with prices easy on the
near months, October dropping to 26G0c and
the trading months standing at net losses of
% to 60 points. The market closed steady
at net declines of 33 to 65 points.
NEW ORLEANS COTTON
The following were the Euling prices in
the exchange today:
Tone, steady; midd1ing. 29.25c; steady.
Last Prev.
Open High. Low. Sale. Close Close.
Jan. .....22.S5 23.71 22.73 1857 1851 24.OO
Mch. ......22,1O 23.03 %. 10 %. 90 200 800
May 90 %. 4S 81 90 22.47 22.47 22.70
July ..21.90 21.9S PISS p .95 22OO 22.50
Sept. ......... $50. ..... 800. 273O
Oct. ..2G.50 $500 1890 1852 1855 27.2O
Dec. ....24.15 2465 %. 90! 24.47 24.47 25.OO
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. 13.-Spot cotton,
quiet and unchanged. Sales on the spot,
none; to arrive, 1000. Low middling.
20. 75c middlng, 29.25c; good middling,
80, SOC. Receipts, 100; stock, 191 ,131.
SPOT COTTON MARKET