Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-09-30
COTTON

NEW YORK, Sept. 29.-The cotton mar
ket lost good part of yesterdays rallies
during today's early trading. Liverpool
made a very weak showing, reports from the
domestic goods trade showed no improve
nent, there was a renewal of southern
selling and, except for the gulf stodm
threat, weather conditions were considered
favorable. First prices We're barely steady
at decline of S to 30 points, and active
months sold about 40 to 10 points net lower,
within the first half hour of trading, under
local selling The break carried October off
to "a. p, December 21.95 and January
to PC, or about 100 to 125 points below
the high prices reached yesterday.
The early decline was followed by raj
Hes late in the forenoon on predictions of
frost for northern parts of Arkansas, Okla
homa and west Texas tonight. The unfavor-
able eastern belt forecast was also an in
fluence on the rally which carried October
about 20 points from the lowest while later
months sold Is TO 80 points net higher with
January selling at 81. So. This bulge was
checked by the bearish weekly report of the
weather bureau but offerings were much
lighter than recently and prices held fairly
steady around midday.
The favorable weekly report of the wealth
Or bureau failed to inspire any selling of
consequence and the market was much less
active during the early afternoon with
prices improving on frost predictions and
covering. October was relatively easy, hold
ing around 24.75, or % points net lower,
Z.JU D
% 22.15, or 45 to 80 points net higher.
NEW YORK COTTON
=. The following were the ruling prices in
che exchange today:
Tone, steady; middling 26c, quiet.
Open High. Low. Sale. Close, Close.
Jan. :. 21.5O %. % 81. Is %. 10 %. 10 81. 20
Nch. 81. 20 81 80 20. IS p. 81 81. SO 81. 80
May =. 20. so 81. go 20. 60 81. SO 21.3s 20. 90
July :. 0.25 81 90 20. Is 81 90 2S. So 20. 40
Oct. =. "a. 80 24.75 24.20 "a. 43 24.4o d. 90
Dec. :. %. 20 %. 90 81. 95 rs %. 10 %. 40
NEW ORLEANS COTTON
NEW ORLEANS, Sept. pa much
lower Liverpool market than due caused
heavy selling the opening in cotton here
today and prices were soon 40 to Ga points
under the close of yesterday, with October
at 21.S4. AS the market fell new buying
was met, based on the hurricane warnings
issued for the gulf coast overnight. Prices
reacted but not very strongly, the list of
trading months standing Is down to 10 up
compared with yesterdays final prices, at
Che end of the first hour of business. Octo-
Der rose to % 80.
the northwestern portion of the belt brought
In general buying and the market moved up
wacd strongly on the more distant months.
october became rather inactive and did not
Follow the rest of the list. Late in the
morning December was at 21.7 and the ac-
tive months were % to 81 points over the
Private reports of falling tempera lures in
the extreme northwestern portion of the
belt and fear of frost on tomorrow's wealth
er map made for very steady market in
the late tradeing. October was sent to a
level II points over yesterdays close and
the later months sc to 76 over, December
touching 21.S6.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middling, 23c. steady.
Last Prev.
Open High. Low. Sale. Close. Close.
Jan. e. 20 so 81. At 90. 20 81. So 81 "a 20. Ga
Mch. 20. % 81. ~ so p. OF 21 90 &c. 40
May :. 2o.15 20. 81 10. IS 20. So 20 .65 20. -
July :. 10 90 20. % 10 90 20.22 20. Is 19. 90
Oct. :. 90 80 %. rs 81. 81 10 %. rs %. As
Dec. :. 81. 10 81 Sc 20. so 21.T2 81. 70 81. 20
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. 29.-SpOt cotton,
steady, quotations revised; middling, I'M
changed. Sales on the spot, 1926 bales; to
arrive, 600; low middling, Ice; middling,
23c; good middling, 25.25c; receipts, 1874;
stock, POS, $50.