Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-08-07
COTTON

NEW YORK, Aug. 6.-Locai cotton trad
ers found conflicting influences in today'S
early news. No improvement was reported
in the domestic goods situation, the Liver
pool cables were lower than due, and the
European news confusing On the, other,
hand there were complaints of too much
rain in some parts of the south, while there
were reiterated reports of an improved de
mand for cotton goods in Manchester and
reports that the federal reserve board had
issued an emphatic denial of charges that
1t had ordered southern members to Limit
loans cotton, were considered reassuring.
These features caused a good deal of irreg-
ularity and after opening II to 43 points
lower the market rallied several points on
renewed covering. Recent buyers showed
disposition to take profits after the sharp
advance of Yesterday, however, and advances
were not maintained, with December fluctu-
ating between 30.4 and 3O.65 during the
early trading.
The early irregularity was followed by
sharp advances in which the feature was the
relative strength and activity of October
contracts. The statement that banking in
terests would extend all reasonable aid lin
an orderly marketing of the new crop
seemed TO make q considerable impression on
sentiment, while there were apprehersions
that rains might delay the early movement I
and for a time October shorts were urgent I
buyers. They the price up to 81, 80
during the middle of the morning, ar 65t
points net higher while December sold att
Bills, or 81 points above last nights clos
ing quotation. The demand then tapered off
and there were reactions of several points I
late in the forenoon -.... -y. A. I
Trading was less active during the middle 4
of the afternoon with the market holding 4
fairly steady around 81 % for October and I
1852 for January, Or net 80 points higher
TO 26 lower.
rs NEW YORK COTTON e.,,,-..-
The following were the ruling prices in tbs
u Tone barely steady; middling,. a8.5Gc;
Qniet. ... 80, - \
Lasr. Prev
Open. High Low. Sale. Close. Close 4
Jan. :. % 40 80. 90 % So %. 30 %. a. 30 9S,
Mar =. o9.O7 co 20 90 20. Il 2s.1o 20:45
May :. &c 20. 20 %. 60 oS. Go rs. 10 2S.:a,
July 49,. ..... 2S.50 -.
Aug. :. 49,. ..... ..... "a. 80 -..c.
Sept. :. $50. 800. 49,. ..... 33. 70 >. -. ="
Oct. :. 81 .G5 80 GO 81 80 50. 10 80. 10 sl.95
Dec :. 80 80 81. 10 40 80 81 30. 67 so 80
NEW ORLEANS COTTON
NEW ORLEANS, Aug. G.-POOr cables |
and an unfavOrable view of foreign politics
caused drop Of 21 to 80 points in the cot
ton market today around the opening, but
when the wea ther map was posted the
heavy rain in extreme eastern and western
portions of the belt were looked upon as
Injurious to the crop and q buying wave /
set in. The demand was further increased
by the report that federal reserve board
statement had been made denying that loans
against cotton had been curtaicd or that 4
they would be. At the end of the first
hour OF business prices were Is to sc points
over yesterdays close October climbing to
81 co.. -t "
Prices continued to mount until October
WIS AZ 81. 20 and the list was 90 to &c
points yesterdays final prices Much
realizing came from the long side toward
neon and break ensued to levels 80 POINTS |
higher to points lower than yesterday
last quotations. Irregularity due, to
straddle operations. &C.,.
somewhat steader tone was taken on
fate in the session, with the late months in
clined TO do Il little better, although 0cto-
Der continued the strongest month. Toward
the close prices were to 13 points up net.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady: middling. 36.T5c: steady. .s
Last Prev
Open High. Low. Sale. Close. Close
Jan. :. :9.OS % co IS. 9$ -. IS 20. Is %. p
Mar :. $50 29.C2 2S. a. 2S. 80 IS. 80 IS. 81
May :. IS .21 2S 80 %. 10 IS 80 IS. 80 2S27
Oct. -. 80. 40 81 20 80. 20 80. 70 80. 76 80 40
Dec :. 22.GS 3O.2o %. 80 %. 81 %. 80 30. -
NEW ORLEANS cUPoT COTTON
NEW ORLEANS, Aug. Spot cotton,
quiet 81 points lower; sales the spot.
300 bales; to arrive, 100: low midling.
1900; middling. SO. 10: good midding-
80; receipts 1875: stock, 239,56G. |