Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-09
COTTON

NEW YORK. Nov. S.-The cotton mar
ket showed weakness early today owing
to lower cables, further declines in foreign
exchange rates and liberal ginning flguies.
First prices were unchanged to % points
lower aid active months sold about 2S to 3s
points below Saturdays closing figures dur
ing the early trading with December sell
ing at 1885 and January at 1888. Ot1er-
ings were more or less general, including
selling for southern account, but there was
trade buying tie decline which helped
to steady prices and caused rallies or sew
eral points from the lowest before the end
of the first hour.
Prospects for wet weather in the south
and liberal exports for the day increased
the disposition TO take profits on short con
tracts and the market was firmer later. De
cember sold up to 10. 80 and January to
1888 or about IL to % points net higher and
40 to As points above the early low level.
There was buying for reaction and scat
teriRg trade demand, but business became
less active around midday and the rallie:
were not fully maintained although south
ern selling was much less in evidence after
the first half hour.
The ally extended to 10. 4sc for December
and 1900 for January during the early
afternoon, making advances of about 30 to
40 points on the more active positions. The
smaller volume of southern selling evidently
promoted covering and there was scattered
buying based on the stronger technical posi-
ton.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 2O45c; quiet;
Last Prev.
Open High. Low. ~, Sc Close
Jan, >. 18.4S 9.O6 .35 1898 1895 IS. ca
Mar. :. 1885 1880 1920 IS. SO 1858 IS. sc
May :. IS 80 IS. IS 1901 8.48 1S.45 IS AZ
July :. 1915 1882 1913 1913 $50. Is. &c
Dec, >. 10 90 19. so IS. So 9.47 10. IA 10 Is
NEW ORLEANS COTTON
NEW ORLEANS, Nov. S.--Larger gin
ming returns than expected, 7,471, 900 bales,
10 the first of November, according to the
census bureau caused lower market in
cotton today, prices dropping % to Al points
in the first hour of business. December
fell to 1890. The decline was checked by
the large exports from Galve
day, 43,ST4 bales cleaering there for foreign
ports,
Traders on the short side became nervous
over the forecast of unsettled to showery
weather for the belt and a widespread cover
ing movement set In which, in the trading
up to IL O'Clock, put prices s to 81 points
over the level of Saturdays close, December
reacted to 1916.
The large export movement for the day
attracted much attention and increased the
demand with the result that the market
was swept bare of offerings in short order.
Prices rose to levels Sto 40 points over
the finals of Saturday with December uI
TO 1885 and May at 1894. Total foreign
shipments from all ports were 81, 1926 bales
as against q, S07 this day last year; mar
ket closed firm at net advances of q to
" NEW ORLEANS COTTON
The following were the RI les in the
exchange today:
Tone, steady; middling, 19.25c, steady.
Last Prev
Open High. Low. Sale. Close. Close
Jan. >. II Sc .43 IT go 1884 1880 II 9;
Mar. :. .65 Is 30 17.53 1915 1915 IL.
May =. 1855 IS 90 17.42 IT .95 1875 II g;
July :. As II go 1870 IT'S 1915 II .6t
Dec. .. 1890 1878 II 80 1880 50 IS. 81
SPOT COTTON MARKET
Atlanta, steady. 1850.
New York, quiet, 20. Acc.
New Orleans, steady, 19.25c.
Philadelphia, steady, 20.70c.
Norfolk, steady, 19c.
Savannah, steady, zoe.
st. Louis, steady, 0.50c.
Houston, steady, 1850.
Memuhis. steady, Zoe.
Augusta, steady. 1880.
Little Rock, steady, 10. 50c.
Dallas, steady, 1S.75c.
Mobile, steady, 9.25c.
Charleston, steady, 1850.
Wilmington, steadyq, 1S.75c.
Boston, steady, 2O.S5c.
Galveston, steady, IS. SOC.
Montgomery, steady, 10. Soc
ATLANTA SPOT COTTON
atlanta spot cotton -. -. -. 30
Shipments ......-. %
IL O,.zE