Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-09
COTTON

NEW YORK, Oct. S.-The cotton market
was irregular during today's early trading.
The cables were steady, sterling exchange
Irmer, and London reported more hope
tSi yiw of the coal labor situa ton. On the
other hand, weather conditions in the south
were considered almost perfect for crop and
field operations while advices from the goods
trade indicated increasing New England and
mill curtailment. The attention of trad
ers seemed to be divided by thse CON
flicting features and after opening steady
and decline of 10 to 4 4points, pricese
rallied on little trade buying and coy
ering. October sold up from $3.50 to 1880
and December 21.70 to 22.02, or back to
about the closing price of yesterday, but
there was moderate selling for southern ac-
count and the advance was not maintaiDea.
The market showed continued irregularity
later. Advances met scattered southern
selling but on the declines there was some
buying for trade account wei las cover
ing, and the market showed sufficient alb
sorbing powers to give it a fairly steady
undertone. After the early rally to 22.02,
December broke to 21.53 or 40 points lower,
but later showed rallies of 20 or 80 points.
A good many reports Of a steadier spot
situation were received from the south but
buying on them was restricted by the favor
able weather news and gloomy reports from
The goods trade.
Trading was quiet during the early aft
ernoon and fluctuations were narrow. with
December ruling around 21.60, or about
a points net lower.
NEW YoRR COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 24.50c, quiet.
Open High. Low. Sa.. lose. Close
Jan. =. 21.1O 81. "a 20. 95 81. 1S 81 .Oss21 .33
Mich. . 81 90 21.1O 30 5 20. 30 20. 90 p. 10
May .. 20. so 2O.77 20. 40 20. SO 20. 80 20. 10
July .. 20.O5 20.15 19.9s 20. O5 %. 90 49,.
Oct. .. %. so % 80 % 90 %. 90 %. 90 %. 80
Dee. =. PITS %. o. 2l.49 21.67 1.64 22.O7
NEW ORLEANS COTTON
NEW ORLEANS, Oct. S.-The trend was
lower in the early trading in cotton today
for which the continued favorable wea ther
over the belt and poor accounts from cot
ton goods markets were responsible. In the
first hour of business. prices lost ~ to AZ
points, December dropping to 20.95 and May
to 20 cents. Poor cables were also against
values, causing liquidation of long cotton
OF the first call.
Reports of short time among New Eng
land mills and of many japanese mills and
of many Japanese mills closing down in
creased the selling pre:sr eand the decline
traded as low as 20.79 and was weaker
than the later months. Late in the morn
ing the tone was steadier with prices 20 to
3 points up from the lowest.
The near months continued to fel more
C. less selling pressure, some of it evil
IDENTIFY in the way of liquidation of long
cotton, but the distant months were stead
Ter. Late in the day. December was down
to 20.14 with the list showing net losses
Of q to 63 points.
NEW ORLEANS COTTON
The following were the RI res In the
exchange today:
Tone, steady; middling, % Csc, steady.
Last Prev.
Open High. Low. Sale. Close. Close.
Jan. .. 10 20. 81 20. AZ 20. % 20. "a 20. IS
Mch. =. 20. SO O.67 20. % 20. 40 20. 40 q. 81
May .. 0.23 2O.34 20. 90 20.O7 20. OF 20. 27
July .. 1880 1885 1918 1915 1915 1873
Oct. .. q. 80 22.OO p. 80 200 q. 90 %. 40
Dee. .. 81 .3S 1.3S 20. "A 20. 95 20. 82 81 81
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Oct. S.-Spot cotton,
steady; quotations revised; middling, I'M
changed. Sales, 39S; to arrive, 200. Low
middllng, 1880; middling, 22.2Jc; good
middling, 24.25c. Receipts, 3.Os1; stock,
214,797.