Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-28
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COTTON

NEW YORK, Oct. 27.-The cotton market
opened steady at decline of Is to AZ
points and sold about 40 to go points net
lower during the early trading with De-
cember touching 21.67 and January 21.15.
Reactionary sentiment was encouraged by
the easier ruling of Liverpool, and. there
seemed to be renewed nervousness over the
British labor SITUATION. Houses with New
Orleans connections were among the most
active early sellers, but otherwise SOUTH
ern offerings were not heavy and the open
ing break was followed by rallies OF sew
eral points on prospects for lower lem
The official forecasts for frost in northern
narts of the belt were followed by furry
Of covering later, which sent December up to
81 .96c and January to 81 4Sc, or about 81 10
SIS points above the early low prices. rms
trading was quiet early in the noon hour,
with prices holding fairly steady around
21.33c for January. or about AZ points net
lower The weekly report of the weather
bureau said that good progress had been
made with picking east of the Mississippl
r,yer but that west of the river picking had
been delayed and open cotton dameged ny
rain.
the British coal strike to stimulate Iresh
buying led to a renewal OF liquidation ana
selling for a reaction during the early after
noon December broke to 21.5Oc and January
to 2O9sc, with active months generally snow.
ing net losses of 65 to IS points around
o'clock. .... ....l ... .....s --.
NEW YORK COTTON
The following were the ruling prices In
Tone, steady; middling, 22.15c, quiet.
Jan, =. alps sS q. 60 20. GO 2o.77 20. 70 81 2s
Mch. :. 21 % 2. 80 20. As 20.52 90. 80 q. So
3Iay :. 21.O 81. O5 20. 20 20.30 2O.3O 21.1
Jaly :. 90. 10 &c. 80 10. 95 POLO 2o.1o 2O.90
Dec :. 2195 % is rs PIN 21.15 22.15
NEW ORLEANS COTTON
NEW ORLEANS, Oct. 27.-The less IA
lions to end the coal strike in Great Britain
caused heavy selling of cotton today, much
liquidation coming from the. long side. Dur
ing the first hour of the session the active
months were sent 81 to % points under the
close of yesterday, December falilng 10
2t.04 and May to 20.23.
The forecast of frost over considerable
area in the western half of the belt created
more demand and some buying came in on
Iriyate cablegrams from Liverpool claiming
that coal strike negotiations were again
making favorable progress The Market
made partial recoveries, standing ~ to 20
points Gown net late in the morning.
Many traers on the long side evidently
thought the steadily spot caused by the ia
yorable report concerning the coal strike Of
fered a good opportunity for realizing prof
its and too much liquidation came on the
market with the result that the late trad
ing saw. constant decline: Toward the
close prices were 112 to 11S points under
the final prices of yesterday, with Decem-
Der down to AZ and May to 1892.
NEW ORLEANS COTTON
The following were the rii es In the
exchange today:
Tone, steady; middling, 21.75c, steady.
Open High. low. Sale. Close. Close.
Jan. :. 2O.75 21.07 2o.O2 2o.10 2o.09 p. 20
Mch. 20 .43 20.s7 1888 1907 10 81 20. 95
May .. 20. 80 20. 60 90 10 1914 2O.75
July =. 20. 10 20. % 10. so 10. so 10. so 90. So
Dec. =. 21.15 81. 45 2O.42 20. so 2o.5 81. So
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Oct: 27.-spot cotton
bales; to arrive, IT'S; low middling, 1880;
middling. 2175; good middling, 23. rs; re-
ceipts, IA, 142; stock. 2S5, 139.
SPOT COTTON MARKET
Atlanta, steady, 21.25c.
New York, quiet, 22.15c.
New Orleans, steady, elise.
Philadelphia, steady, 22.40c.
Norfolk, steady, 22c.
Savannah, steady, 22.50c.
st. Louis, steady, zoe.
Houston, steadp, 22.25c.
Memphis, steady, PIC.
Augusta steady, 22.25c.
Little Rock, steady, 21c.
Dallas, steady, 22.05c.
Mobile, steady, 21.50c.
Charleston, steady, 21.5Oc.
Wilmington, steady. 21.50c. .--
Boston, steady, $3.50.
Galveston, steady, 30. 25c.
ATLANTA SPoT COTTON
Atlanta spot cotton FL &c
Receipts .... &C.. ......... l. 49,
Shipments ....'. I3l
LIVERPOOL COTTON
Tone. quiet and steady; sales, 5000;
good mddling, 19.94d.