Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-26
COTTON

NEW YORK, Oct. 25.-Reports of
firmer tone in the southern spot markets, a
further advance in Liverpool and complaints
that rams were Lowering the grade of cotton
o. in the western belt were the features consid-
cred responsible for an opening advance of
10 to Al points in the cotton market here
today December contracts sold up to Lose
and January to 20.S5c during the first few
minutes, making new high ground for the
movement, with the active months showing
net advances of about 80 TO 60 points. New
Orleans was an active seller here, however,
while there was considerable scattered
realizing promoted by reports Of continued
depression in the goods trade, and later fluc-
tuations were irregular, with prices show
ing reactions of 20 or % points from the
best. .'
Rumors tina 1.-THE British coal strike had
been settled sent the price up to 21.45c for
December and 21.15c for January before the
end of the first hour. with active months
generally showing net advances of 60 to so
points. Local trade interests with Liverpool
connections said they had received no con-
frmation of the strike settlement reports,
however. and the market eased off later in
the morning with selling more active after
the publication of the census report This
showed ginning of 5,712.057 bales to Octo-
Der IS, indicating the heaviest returns for
the last period since 1914. December sold
off to Posse and January to 20.57c. but
latter frmed up. again, owing to the con-
tinqed absence of hedge selling and reports
Of a steadier southern spot situation.
Trading was less active dcring the early
u leru0On LN0u' were narrower,
with September ruling around PIC and jan
AIRY 2O.73c,s or about IS TO 80 points above
aturdays closing.
NEW YORK COTTON
The following were the ruling prices in
Tone. strong; middling, 225Oc; quiet
;. Last Prev.
Open High. Low. Sa.r use. Close
= IN. -. 20.TO 21 Go 20. 50 81 SO 81. So 20 As
ar. 20. rs 21.55 n. 40 81 80 p 80 &c. 80
,ay :. 20. go LIS 20. 10 81. OS 81. 90 q. Is
uly :. 90 10 2O.9O 10. SO 20 80 2O.75 $50.
&c. :. 90. 10 % % 20. 20 22.12 o.. O5 20. 65
NEW ORLEANS COTTON
NEW ORLEANS, Oct. 25.-Too much rain
the belt and rumors that the British coal
- .rike had been settled caused a strong
= pward NOV ement in cotton today, On the
q -rst call December fell % points to 20c, but
ther months were up. and after the call the
lyance continued until the list stood so to
points higher than the close of last week,
it'll December at 20.90c.
Following the census bureau ginning re-
ort, showing an output to October is, of
,712,057 bales, a larger total than expect
;radual sag set in which became more pro-
Iounced following the posting of the fore
asst calling for fair weather over the great
= part of the western half of the belt. Late
n the morning prices were at net gains of
ally ID to "a points.
In the late trading reports of a strongly
llSueP spOI caused new buying
wave, which carried contract prices to new
nigh levels for the day, where they stood 81
% 1O6 points over the level of Saturdays
lose, with December at 2134c and May at
!O.6Oc. Locally, spots advanced 10
Hoints to 20.50c for middling. The market
r,osed steady at net advances of so to 90
Dints.
NEW ORLEANS COTTON
The following were the RI 'es in the
ychange today: i
Tone, firm; middling, 20 SOC; steady.
Last Prev.
Open High. Low. Sale Close. Close.
IN. :. 20 % 81 10 90. - 81. OF 81 .O5 20. O6
lar. .. 20. 20 90 so 20. 90 20. II 20. rs 1898
!ny :. 20. Is 2O.60 10. So 20. 55 20. so 10. IS
July :. 1910 2O.30 10 80 20 80 20. 30 19. 4s
1ct. =. 1913 IS 10. so 20. 60 zee. 90. 60
zee. :. 20. 20 21.34 20. 90 81 80 81 % 20. IS
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Oct. 25.-Spot cotton,
steady, rs points higher Sales on the spot,
1924 bales; to arrive, 1875. Low middling,
7.25c; middling, S20.50c; good middling,
- n