Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-27
COTTON

NEW YORK, Nov. 26.-The cotton mar
ket was extremely nervous and unsettled at
the opening today owing to weakness in
Liverpool over the holiday and reports of
unsettled financial conditions abroad. First
prices were weak at decline of so to 10
points with December falling off to Is 90
January to 15.64 and March to 49, or
69 to SIS points below Wednesdays closing.
There seemed to be some accumulation of
southern selling orders here while Liverpool
was seller by balance and there was loca |
pressure. December was relatively weak and
ABOUT seven notices were reported in circu
latlon, but reports that Liverpool stock ex-
ena i house was in difficulty were consid-
cred the chief factor on the break.
dnere was covering enough to cause slight
rallies but the market remained weak and
unsettled late in the morning owing to con-
unued December liquidation. reports of an
easier spot basis in some parts of the south
and continued southern selling. December
contracts broke to 1860 or 120 points net
lower, while later months showed losses of
80 to 50 points around midday with Janu-
airy selling at 1880 and March at 1913.
trade adyices from Switzerland estimate
this seasons consumption of American cot
ton by Germany Czecho -Slovaka and Po-,
land at 100000 bales, compared with
600 900 last year
Reports Of an easier spot basis in some
sections of the south encouraged further
selling and the break extended to 10 40 for
December and $50 for March with active
months ruling about 80 to 140 points net
lower during the middle of the afternoon.
NE" 1Onh SO41ON
The following were the ruling prices in
the exchange today:
Tone, barely steady; middling, 1850,
quiet.
Open. High. Low. Sale. Close. Close.
Jan. ...15. IS 15.95 1915 1918 1918 1915
Mch., ..15.75 Is. SO 1913 10 % 10 30 49, S4
May lis 60 1871 1918 1874 $50 IS. %
July ...15 .65 1857 1915 rs is 16. 10
Oct. lib So Is. so sos sos Is. GO 1890
Dec. ...16.21 16. 90 Is. 20 .S5 5.s5 IS. 80
NEW ORLEANS COTTON
NEW ORLEANS, Nov. 25.-Wide declines
were registered in the cotton market today,
the active months falling 45 to so points in
the flrt half hour of trading, as the result
OF poor cables and the unfavorabe impress
sion created by the American note to Great
Britain on the Mesopotamia oil fields. The
market got next to no support from any
quarter.
ing that master spinners would ballot at
once on the question of 80 per cent curtail-
ment of spindles working on American cot
ton, caused increased offerings and in the
trading up to II O'clock the decline was
widened to So to so points, January trad.
ing down to 1903.
posting of the weekly statistics, showing
mill takings for the week of only $50, 900
bales, against 492 900 this week last year
and $50 00C this week two years ago Some
months were sent to new low levels for the
season, March touching 14.41c. In the trad
ing up to 1850 O'Clock the decline was Wild
ened to 103 to 1874 points.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today: +
Tone, barely steady; middling, 15.5oc
steady.
Open. High. Low. Sale. Close. Close.
Jan. ...15.S0 1880 14.41 Hal Al Is. 20
Moh. ..15.0O Is. 90 14.41 4.49 IA 4s 10. rs
May ...15.O5 1915 4.45 IA. 80 IA so II. IS
July LII. So 5.O7 14.45 14.45 14.45 Is. so
Oct. ...14.s so IA. so IA. 20 IA. 20 II 20 Is. 10
Dec. ...15.55 .55 14.51 1851 4.51 Is. IS
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Nov. 26.-Spot cotton,
$50 bales: to arrive, 1,249; low middling.
1000c middlins. 15.50c; good middling,
17.5Oc. Receipts. lips; stock, 3s5,e71.
SPOT COTTON MARKET
Atlanta steady, 15c.
New York, quiet, 15.S5c. Il
New Orleans. steady, 155Oc
Philadelphia, steady, 16.10c.
Norfolk, steady, Is csc.
Savannah, steady, 1926.
st. Louis, steady, 1850.
Houston, steady, 15.55c. -.
Memphis, steady 16. 25c.
Augusta, steady, 15.75c.
Little Rock, steady, 1850. 20 :
Dallas, steady, 10 Csc.
Mobile, steady, Ice.
Charleston, steady, 1860,
Wilmington, steady, Ice.
Boston, steady. 17.1Oc.
Galveston, steady, Ice.
Montgomery, steady, 15.75c.
Montgomery, steady, Ice.
ATLANTA SPOT COTTON
Atlanta spot cotton -. -. -. -. -. 15c
hecelpts .....- ........ 2, 1872
Smpment ...... go. ....... 925
BLOCKS .-'... 49,. ......... %, 346
AMERICAN COTTON
AND GRAIN EXCHANGE
COTTON QUOTATIONS
The following were the opening, highest
lowest, close and previous close quotations
the American Cotton and Grain Exchange
Df New York.