Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-20
COTTON

Liverpool cables. bearish overnight spot ad-
yicese, reports Of big break in the Egyp-
tlan marSet and renewed hedge selling.
FIRST prices were easy with the market un,
changed to. 80 points lower, and active
months sold 81 to 40 points below last
nights closing quotation during the early
trading. All positions made new low rec
ords tor the season, January selling at 1905
and March at 1900, or about cents a pound
below the best price touched on the rally
OF late last month. Prices then steadied
sumo 10 or 10 points on covering, and there
was some buying believed to be for south
ern trade account toward the middle of the
morning.
Rallies Of 10 or il points from the early
decline were followed by renewed weakness
owing to increased southern hedge selling,
accompanied by reports OF more general spot
GqHidatian January deliveries sold off 10
lose and March to 15.52c, with active
months generally showing net declines of ~
points IF the lowest early in the noon hour
with the market still nervous and unsettled
although there was considerable covering at
the new low level of prices
The break extended to 10. 35 for January
and SO for March early in the afternoon
or about 100 to 10 points below last night $
closing There were rallies of 20 to %
points from this level on covering but there
was no change in the news. and the tone Of
the market was unsettled.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone steady; middling. 77.55c, quiet
Open. High. Low. Sale. Close. Close.
Jan. .. 16. 1927 Ii 80 16. OF 1898 IS. IS
Mch. 1910 1918 Is. 33 1875 Is. IS 16. 81
May 1900 1915 1871 Is. So Is. so IS. 80
July .. 1000 1905 1928 Is. 90 80. .1G. Is
Dec. :. 1890 1890 1890 16. 60 TO- 17.o5
NEW ORLEANS COTTON
NEW ORLEANS, Nov 19.-Better wealth
lower
Liverpool than Cue caused enough selling in
the first half hour of trading in Gotten today
finals of yesterday. all months making new
low levels and December sinking to 1897.
Realizing by shorts gave the market steadi-
ness at the decline.
Heavy hedge selling came upon the mar
ket and prices fell under it much liqui-
dation was forced the long side. The
ring became very active and large vol
nme OF business was dcne at the decline
which, in thetrading up to IL O'Clock,
amounted to ~ to So points. December
broke TO 1880 and May to 1880, all months
making new low levels for the season.
Reports of freer offerings of spots in the
interior caused the heaviest selling of the
day under which tina active months were
driven 100 to 12S points under the close of
yesterday. with December down 10 cents and
May 14.52. When the market went below
10 cents, according to the sliding rules of
the cotton exchange, the rate of commission
on contracts went to $50 pr contract, for
buying and slig. A Observation-Disclosures
buying and selling. Abve 10 cents it was
S25.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, tic, steady.
Open. High. Low. Sale Close. Close
Jan. .. 10. 8S 49, II 14.73 Is. % Is .25 Is. "a
Men. Is. so $50 14.6S Is. 10 10 Is. 10
May =. 5.31 10. 40 1852 Is .05 Il. 02 Is. so
July =. 1912 1925 IA. 40 1890 IA. So Is 81
Dec, :. 16. 10 J6. II Is. 90 Is. so Is. As 16 2s
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Nov. 19.-Spot cotton.
steady, 20 lower; sales on the spot, 2,204
bales; to arrive. 1852; low middling, II 80:
niddling, 1850; good midding, 1915; re-
ceipts. $3.50; stock. $50, 300.
SPOT COTTON MARKET
Atlanta steady, 1Gc.
New York, quiet, 1860.
New Orleans, steady, lie.
Philadelphia, steady, 1850.
Norfolk. steady Ice.
Savannah steady, 16.50c.
St. Louis, steady, lie.
Houston, steady, 1850.
Memphis. steady, 16.50c. ...-.g
Augusta, steady, 1Gc.
Little Rock, steady, 1Ic.
Dallas, steady, 15.50c.
Mobile, steady, lie.
Charleston, steady. 1850.
Wilmington. steady, 1Gc.
Boston, steady, 1880.
Galveston, steady, 16.50c.
Montgomery, steady, 1850.
ATLANTA SPOT COTTON
Atlanta spot cotton -. 16c