Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-08-31
COTTON

NEW YORK, Aug. 3O.-The cotton market
lost about cent of last weeks advance
during today'S early trading. Liverpool was
lower than due, while there was continued
nervousness over labor conditions at home
and abroad, and the weekly forecast pointed
to better weather in the south. These fea-
lures led to heavy realizing and renewed
Z local selling, which was encouraged by Il
belief that most of the short interest has
been covered on the advance of the past
few days. Southern selling was also a
factor on the decline, and after opening
weak at a decline of so to 10 points, active
months soon sold So to los points net lower
with October touching 2S.1oc and January
70. 15c.
The break assumed even more sensational
proportions during the middle of the form
ing Sellers were more aggressive ana the
pressure more gneral as the absence OF sup
port developed with October selling off to
2S. 10 and January to % so, or 140 TO 100
points below Saturdays closing. This car
ried October contracts off to within, Az
points of the maximum price decline per-
mtted for one day and there were rallies
Of Is or 20 points later on covering. Other
wise very little demand in evidence
and there was no change in the general char
Rallies of 20 or 80 points seemed to
fleet little more than scattered covering dur
ing the middle Of the day and the market
weakened again under southern and foreign
selling but without excitement. October
broke to 27.70, reaching the 200 point limit
permitted in any one day, while January
sold at $3.50, or 10 points net lower.
NEW YORK COTTON
The following were the ruling prices in ths
exchange tCsafy:
Tone, wear; middling, 80 25c, quiet
Open. High. Low. Sale. Close. Close.
Jan. :. &c. 45 %. 40 -25. Is %. Is %. Is ct.
Mch. :. $500 %. 90 "a. 80 10 24.70 %. 60
May E. 25.75 1918 "a. 80 24.6O "a. 40 %. 40
July . .... 900. 800. ..... "a. 20 28. Is
Sept. $500 49,. $50. '''.' 800
Oct. . 20 rs % % 27.70 27.70 27. 10 %. 70
Dec. E. 27.40 81. 40 $50 80 %. so 27.sO
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 30.-The new week
in the cotton market opened with heavy
selling and little support, so that during
the first hour of business prices lost 100 to
125 points, October falling to 27.20c. Much
better weather over the belt, poor cables an
unfarorable opinion of foreign news and the
bearish tone of weekly reviews of the cotton
goods markets were responsible for the
selling The weather map showed next to
no moisture in the cotton region.
The forecast for dry weather for the
greater part of the cotton belt increased the
Selling prices fell off to net declines of 116
to 145 points, much liquidation coming from
the long side as the market fell. The con-
dition report of 81 per cent of normal from
the American Cotton association and another
private report of 6S.2 seemed to give the
market n somewhat steadier tone and late in
the morning prices were 10 to 80 points up
from the lowest.
In the late trading the market became ex-
tremelv weak under increasing liquidation of
long cotton and short offerings stimulated by
reports of demand in the spot markets of
the interior. October fell off to &c 49, or
the full 1000 points allowed by the rules Of
the marke limiting fluctuations in any one
session. Other active months went 179 to
$50 points under yesterdays close.
NEW ORLEANS COTTON
The following were the ruling prices In
:he exchange today:
Tone, easy; middling, 3O.50c, steady.
Last. Prev.
Open. High. Low. Sale. Close. Close
Jan. =. 26.05 &c. O5 "a. SO "a. SO "a. SO 26. 50
Mch. :. o. go % so 24.15 24.15 24.15 2e.15
May .. q. O5 25 .o5 rs 23.75 % IS o57
Oct. 2s. 90 Is. o5 26. As IS. is 26. 45 %. Is
Dec. :. %. so 26. so "a. IS "a. IS "a. IS 90 81
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 30.-Spot cotton,
quiet, 25 points lower. Sales on the spot,
100 bales; to arrive, none. Low middling,
19.76c; middling, 30.50c; good mddling,
33.7Sc. Receipts, 1925; stock, 2oS, 1885.
ap0m rOTTON JARRETT