Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-30
COTTON

NEW 4ORh, OCT. 2S.-heneWeQ nervous
ness over the British labor situation, lower
Liverpool cables and the failure of early
weather advices to show any sign Of the pre-
dicted froSts, were the more prominent
factors on ar early decline in the cotton
market today.
cline of 20 to IL points. and the active
months sold 81 to IS points net lower within
the first half hour under liquidation, Liver
pool and southern selling. Private cables
reported general selling in Liverpool absorbed
by trade buying to fix prices on call sales
at the decline. December contracts here SOLD
off TO 20.60c and January to 2o.lsc on tn e
early break, making decline OF about :
cents per pound from the high prices touched
On the early week rally.
The early selling movement carried the
market off TO 20. As for December and
goo for January, or 45 to IS points net
then checked by reports that the, British
coal strike had been settled and the mar
ket firmed up during the middle OF the day
owing to the closing strength Of Liverpool
an covering. The latter was promoted by
expectations that detailed wea ther reports
would show frost at some points in the belt
and prices recovered the greater part OF
their early losses with January selling at
20. IS, or within points Of last nights clos
ing quotations.
Both the strike settlement and frost news
seemed to have been discounted by The ad-
vance to 90. 70 for January, which carried
prices back TO about last nights closing
quotations. The market weakened later I'M
der wire house and Wall street selling pro
NOTED by weakness in stocks and grain. and
with January ruling around 80 during
the mtd-afternoon compared wit 20. 73 at the
close yesterday.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, firm; middling, 22eOc, quiet.
i,Nsa
Jan. :. 20. 80 81 20 20. 05 .15 Ito 20.7
Mch. 20.15 81. 90 10. ss 20. 90 20. IS 20. so
May :. 5000 20 80 1916 900 90. 10 90. 80
July E. 49, 90 20. 40 1880 20. 40 %. 40 20.1O
Dec. :. 292 81. 10 20. 4s 81. IS 81 80 81. Is
NEW oRLEANs COTTON
NEW ORLEANS, Oct. 2S.-The hitch In
strike was the dominating factor in cotton
today, and it caused heavy selling on the
opening and for some time after, with the
result that prices were sent SO to ~ points ms
December and 1870 for May. The market
was steady at the decline because Of the
cold weather and frost reported in the cotton
region
The decline finally amounted to 5e@69
points hut quick reactions followed cable
grams from London and Liverpool claim
Ing that the coal strike actually had been
settled and late in the morning December
traded up to 2O4Oc with the list showing
net losses of only 6 to II points:
Another period of liquidation Of long con-
tracts occurred during which there was
drop to levels SO to II points under the
close of yesterday but in the late trading
the market developed sudden firmness and
made most surprising show of strength,
the determination of big interests to run
the shorts to cover. Toward the close prices
were 40 to 50 points higher than the final
prices of yesterday and December was trad
ing at 81 cents.
NEW ORLEANS COTTON
The following were the RI .es in the
exchange today:
Tone, firm; middling. 21c, steady.
Open High. Low. Sale. Close. Close.
Jan. :. $50 20. 81 10. 40 20. SO 90 .4S 20. 90
Nch. 49, so 20. Al 10. % 90. Al 2O4O 10. 91
May :. 1927 20 1918 90. 90 2o.1o 1914
July :. go 1881 1890 10. 81 19. 81 10. so
Dec. =. 20. 90 81 90 10. IA q. 90 20. 30 20. 81
NEW ORLEANS SPOT COTTON
NEW ORLEANS. Oct. 2S.-spot cotton
steady - points lower ..a Sales on II, the SPOT
15.75c; middling, 21c; good midding, 23c.
SPOT COTTON MARKET
Atlanta, steady, 21.15c.
New York, quiet, 22.60c.
New Orleans, steady, 21c.
Philadelphia. steady, 22.s5c.
Norfolk, steady, 21c.
Savannah, steady, 22c.
st. Louis, steady, PIC.
Houston, steady, PIC.
Memphis, steady, 21c.
Augusta, steady, pc.
Little Rock. steady, 21c.
Dallas, steady, Ole.
Mobile, steady, 21.5Oc.
Charleston, steady, 21.5Oc.
Wilmington. steady. 90. SOC.
Boston, steady, %. Toe.
Galveston, steady, 81 PC.
ATLANTA SLOT COTTON
Atlanta spot cotton -. ....... IL 25c
hecelplS Own
shipments .... ........ 500
Stocks ~ 80. .......,,,. 1905