Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-12-04
COTTON

NEW YORK, Dec. 3.-The cotton market
showed continued nervousness during today's
early trading. The opening was steady at
"a decline of Is to "a points in response
to weak Liverpool cables with January SELL
ing at 1880 and March at $780, on the
call. or about 30 to 95 points below the
hlgn prices of yesterday. Liverpool and the
south were sellers but Wall street was a
good buyer and the market showed rallies
OF 20 points so from the lowest. Liver
pool trade advices said that fifty per cent
short time In lancaster would affect Is
vorable domestic trade reports were also
factor on the opening decline.
Early rallies were followed by renewed
weakness during the morning owing to the
continuation of the decline in Liverpool,
further Liverpool, southern and local SELL
ing. January deliveries broke to 1875 and
March to 15.4S or so to 81 points net lower.
making reaction of about a cent a pound
from the high levels touched on the rally
of yesterday morning. Offerings were less
active after the close of Liverpool, but
trading became quiet and bulges of some ~
or Is points were not fully maintained at
midday.
The market broke early in the afternoon
under renewed liquidation following reports
that Secretary Houston had informed con-
gressional committees on agriculture that
he knew of no solution to the problem In
volved in the decline of foreign prices Ac'
tive months sold 60 to 70 points net lower.
/. with January selling up from lo.24c TO
5.65c shortly after 2 O'Clock.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 49, 15c, quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. Ills. so 10. so Is. "a 1910 5.65 1894
Mch. lis. go 5.92 1887 1888 so IS. 10
May ...15.90 1907 1852 1902 1897 1925
July lis. So 1914 10. so 1902 1902 1871
Oct. LIB. 80 Is. 80 u. So 1870 500. .....
Dec. ...15.s5 Is. IS Ia. 40 1915 1890 1910
NEW ORLEANS COTTON
" the rumors that British spinners had
Foted to go on half time, pessimistic reports
from the Manchester market and drop of
$50 points in the Egyptian market put the
price Of cotton lower in the market here
today. In the first half hour of trading
prices fell A to 81 points, January drop
ping off to 14.95 and July to. 1915.
Telegrams from Georgia., stating that some
mills in that state were about TO close until
The 10th of January, increased the pressure
against the market, and in the trading up
20 IL o clock the decline was widened to 60
% 50 points. January was reduced TO 4.SOc
md July to 15c.
Rumors of a private bureau crop esti-
nate of 13,500.000 bales were against val
ies and the trading months were sent to
leclines of 60 to "a points, where January
5ld at 1462c. Prift-taking by shorts set
and lao o'clock prices were 80 to 30
POINTS up from the lowest.
NEW ORLEANS COTTON
The following were the ruling prices in
he exchange today:
Tone, steady; middling 1850, quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
an. ...15.10 1918 14.62 10 .07 15.A Is. 46
tch. 1921 1890 1915 5.2s 15.16 1852
lay ...15. rs Is. So II. 90 Is. 80 1872 Is. 80
July lis. IS 5.43 IL. 90 Is. % 1925 Ii. 50
Dec. ...15.45 15.45 14.92 5.s5 .s5 Is 80
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Dec. 3.-Spot cotton
Eulet, % lower; sales on the spot none; to
irrive 1,400; low middling, 1880: middling,
$50; good middling, 1880; receipts, $3.50;