Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-09-21
COTTON

NEW YORK, Sept. 2O.-Easier Liverpool
cables and unfavora able trade reports iron
Manchester were the chief influences ON al
opening decline of 70 to Al points In Inc
cotton market today. October contracts sold
off to 2S.20c and December to 2o.3ec on the
call, but spot houses were buyers on the de-
cline, while there was a good deal OF scat
tered covering owing to apprehensions OF a
tropical storm and more favorable reports
from the domestic goods today. Houses
with Liverpool connections sold rather freely
at the start. Otherwise pressure was linn
tied, and prices soon rallied to 2S.ooc for
October and 25.65c for December, or within
q few points of last weeks closing quota
lions. A tropical disturbance, reported I'M
mediately south Of the Yucatan channel last
night, moving northeastward, was said to be
Of considerable intensity.
Buying on the tropical storm threat was
stimulated by the views Of local map read
ers, who thought that low barometer West
Of the Mississippi might mean unsettled
conditions In the south whether the troplcai
storms reached the belt or not. New Or-
leans was relatively firm and bought here'
while trade buying was accompanied by re-
ports Of a SITTER belt spot basis, ana octo-
Der contracts advanced to %: roc, or IL points
net higher. December sold up to 25.95c'
making an advance of % points from Satur-
days closing, but the official forecasts .1or
both the wester nand eastern Delts were
favorable and prices showed slight reactions
around midday.
The midday advance extended to %. 90 for
October and % 25 for December or 30 to 90
points net higher on the active months with
/. wall street buying on the tropical storm
= news. There was realizing at this level but
prices held within few points OF the
best, and the market was very steady dur
Ing the middle Of the afternoon.
NEW YORK COTTON
The following were the ruling prices in tn
exchange today:
Tone. steady; middling, SIC. quiet. n-ou
Open High. Low. Sale. Close. Close.
Jan. :. "a. %. .. 05 "a 5 80 PAS 24.35
Mch. % SO 24.2s %. O5 "a .OS "a 90 23.67
May =. o2.7O 1910 22.70 % 40 % 40 % Oo
July :. % So zee. ..... ..... 22.6o
Sept. .. ..... ..... $50. =3'1o
Oct. ;. 2s % 90 90 $50 49, IS IS. 80 2s.5 So
Dec. :. 25 so &c. AZ %. 80 26. IA 26.12 25.7o
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 20.-On the open
inc of tire cotton market today prices were
lower and the decline soon amounted TO 70
to 33 points, selling being based on poor
cables and private reports OF increased ease snoro
l. warning for the tropical disturbance near
the Yucatan channel did not have much
effect at first. but finally changed tne %n0le
buying, ON which the initial losses were re
covered and the market sent to Is points
higher than the close of saturday, n oetooer
fell off to 26.53c and reacted to 2I.O1c.
The hurricane in tropical waters remained
the dominating influence to the late rad
ing when the active months were at net
advances of sc to 70 points. October rose
to 27'6o and March to 1884. The cotton
r market closed steady, at net advances or
10 to Is points.
heavy covering movement among shorts
set in following storm bulletins s., ln3lca,tng
channel, thus taking the course usu usually
taken by storms that affect the cotton
region The active months late in the morn,
final prices. with October at 27:35 and
Marc hat 23.45
NEW ORLEANS COTTON
The following were the ruling prices 10
the exchange today:
Tone, steady; middling, CSC, steady.
'' Last Prev.
Open High. Low Sale. Close. Close.
Jan. =. % so .4s %. SO PAS PA 1895
Mch. :. %. 95 "a pts % 81 1881 23.c
May :. % 80 Is. % 80 %. 95 22.95 22.5
Univ 90. C6 .. ... 800. %. 35 %. 90
Sept. :, $50. 2S. SO 27. 80
Oct, :. &c. 20 81. 81 26. So q. 50 PISS 26. IS
Dec. >. "a. SO 25. 4s "a. so 25 SO $3.50 PATS
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. 20.-Spot cotton
ouiet and unchanged, Sales on the spot, Ill
. belese: to arrive 400. Low middling, 10 30;
middling, $500; good middling, 30.75. Re-
eeipts 1929; stock 19S,s67.
SPOT COTTON MARKET
Atlanta, steady, 33.5Oc.
New York, quiet, SIC.
New Orleans, steady, 2Sc.
Philadelphia, steady, 31.25c.
Montgomery, steady (new), 29.75c.
Norfolk, steady, Doc.
Savannah, steady, 30.50c.
st. Louis, steday. 32c.
Houston, steady, 2S.50c.
Memphis steady. 32c.
Augusta, steady (new), 30.25c
Little Rock, steady, 2S.5Oc.
Dallas, steady, 27.15c.
Mobile, steady, 2s.50c.
Charleston, steady, Doc.
Wilmington, steady, Csc.
Boston, steady, Sic.
- Galveston, steady, 2S.75c.
ATLANTA SPOT COTTON
Atlanta spot cotton .. SO .5Oc