Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-13
observation-disclosures
COTTON

NEW YORK, Nov. 12.-This morning S
weather map fully realized Yesterdays pre-
,iictions of cold weather in the cotton belt
temperatures ranging from Il to 81 degrees
being reported in northern sections. They
failed to locate any buying power of con-
sequence, - viewer, TIE market y, ing influ-
Cn"ci - weak Liverpool cables ara reiter
ated reports of easier spot markets. First
l'sl""S wrrn easy al Il GtC.inc OF 20 TO AZ
poiHtS with January sizing o.. t. Is. %
- nnints below imc hign price touched on
the rally of yesterday afternoon. Liverpool
r?D.r> "Ep'rtel hedge selling there, with
very lite" buying power, aud the failure of
freezing tca,1eratI"cS IN tie hIt T. stimu-
iate demand in She local r'GIEet WAS evil
den'lr Il disappointment 70 recent buyers.
Prices recovered 20 or % points of their
opening losses during the middle of the
morning on covering for over the week emf.
otherWlse there was very little demand and
Inc market weakened again around mid
Jay owing to reports of an easier spot
basis in the southwest accompanied by some
selling through brokers with spot house con-
neCtionS. January deliveries broke to u.s. II,
or even with the low point of the wee,
ana active months generally sold 4S to Ga
points net higher.
During the second half of the session sell
ing was, if anything, heavier than ever,
being encouraged by private crop estimate
or Is .O60, 000 bales. not counting lnters,
and the report that the eastern belt was
takings We're even smaller than expected.
23S,OO0 bales FOR the week. against $4,000
this week last year and 100000 this week
two years ago. In the trading up to 1870
O'Clock prices were sent to levels 6S to 40
points under the finals of yesterday, De-
cemher falling to 1913.
Selling became more active early i'll the
afternoon on continued bearish spot adviceS
and the unsettled ruling of the stock mar
ket. prices made low ground for the
week with January selling at 1875. or 60
points net lower. A private crop estimate of
100000 bales excluding Hnters, encourage
ed the selling movement. which included
good deal of pressure from Wall street
sources.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 10 Acc, quiet.
Last Prev.
oncn High. Law close
Jan. :. 1880 As 1876 $500 $500 IS. rs
Mar. :. 1906 s.23 lisa 1888 1888 1s.4s
May =. 1880 1907 1910 17.72 17.71 1S3 80
July :. 10 II. 4S5 1850 17.5 80 O3
Dec. =. 1875 1885 IS. 40 IS. A 40 10
NEW ORLEANS COTTON
NEW ORLEANS, Nov. 12.-The poor
slitwing made by Liverpool, pessimistic feel
ing Regarding, trade in general and eXpecta-
tiJns Of an uptavorable weekly statistical
STAT eme!lt. :aISeG selling on thp 0.IrUing of
the cotton md;ze today IN suffi. ent vol
u.ne to completely offset the effect of tie
cold wave Crc&:Ing the country. In tie first
kalf hour of business prizes fell IS TO 10
points, December declininf to 1913.
;RepOrtS of somewhat easier spot Situa-
ton in the interior increased offerings of
contracteS and in the trading up to II O'Clock
the net decline was widened from 80 to IS
points: Prices gave ground grudgingly, he
market deriving stea diness from the cold
weather in the belt which most traders ex-
rected to result in much damage to the
grade of open cOtt0u.
NEW ORLEANS COTTON
The following were the r .es in the
exchange today:
Tone, steady; middling, 1880, steady.
Last Prev