Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-09-18
COTTON

NEW YORK, Sept. 17.-The buying move
ment which had been noted in the cotton
market before the Wall street explosion
yesterday, was renewed today. First prices
Were to IS points higher and active months
soon sold some 40 to 5s points above yes
terday's closing on covering and Liver
pool and Wall street buying. October was
relatively firm, selling up to $3.50, while
december advanced to 1885 and January to
o4.62. October was probably influenced by
reports that part of the local inspected stock
was to be shipped out in the near future.
while buyers otherwise found encouragement
in the steadness Of the cables, reports
of better prospects for a settlement Of the
British labor disputes and indications OF an
improving demand for cotton goods. a.
The midmorning advance EXTENDED 10
2S 59c for October and 25.97c for December,
or about 40 to G. points above last nlght
closing figures on the more active positions
There was enough realizing TO cneck lne
upward movement at these figures ana
cause reactions of Is or 20 points, but trad
ing was quiet late in the morning and the
market ruled steady around midday: Man
chester cables reported business dull, WITH
mere mills stopping, and there was prop
ably some selling prospects for continued
fair weather in the south.
No fresh feature developed in the early
afternoon and business was SeneTdLy quleI
With prices ruling around 25. so for Deem
her, or about SO points net higher North
Carolina wires eported a better spot de-
mand with the basis steadier.
NEW YORK COTTON
The following were the ruling prices in tn
Tone steady; middling, Bic, quiet.
Open High. Low. Sale Close. Close.
q A o. At 81 1S
Mar. q. so o. TO % AZ %. "a % GA % 81
May :. %. SO % 80 2.95 %. Is %. ID 30
July 80. '''' %-'oo ''''
Sept 49,. '.'' 49, w 80.
Oct. %. 40 %. so 2S. % 2s.70 2s.70 27.97
Dec. ;. %. a5 25.97 1856 $3.50 35.s7 25.44
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 17.-Reports OF
,hnwers here and there in the belt gave the
,ton market a higher tone on the open
iag today ana in the first hour OF business
he trading months were advanced 40 to Al
.,aints. October touching 1855 and March
tans. There was little cotton for sale and
tyaders on the short side were inclined to
cover. .--..s.-----
the belt, reports of further reduction In
;,rices of cotton goods and kilograms from
rcyas stating that congresses were becom
:ng blocked with cotton increased offerings
), some extent and late in the morning the
net gains were reduced to % to "a points.
More favorable comment regarding finan-
cial conditions and claims that cotton grow
ers would be able TO secure all loans neces-
sary to carry the crop gave the market
better tone late in the day. Prices move
m to levels % to 90 points over yester-
days finals.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middl1ng' sc, steau!.
Open High. Low. Sale Close. Close
IAN. %. % %. 80 %. % .sS %. S8 $3.50
Mar. %. O5 %. % &c. 95 10 % IA %. sS
MAY =. %. 66 %. 81 %. 81 %. 65 22.70 2.4o
July =. go. ... go. 40
Oct. %. 30 &c. So % 80 20. so %. 76 26.3)
Dec. 24.4o "a. 80 p. 40 24.s0 "a 76 24.S8
NEW ORLEANS SPOT COTTON
|. NEW ORLEANS, Sept. 17.-Spot cotton,
lGuiet and unchanged; sales on the spot, 3O4
f,ales; to arrive, none; low middling, 1880;
middiing, %. 90; good middling, 3O.75; re-
ceipts, $50; stock, 1854. q
Is SPOT COTTON MARKET