Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-06
COTTON

NEW YORK, Nov. 5.-rhere was a break
OF about cent IN the cotton market during
today'S early trading under increased south
ern selling, weakness in Liverpool and bear
ssn private ginning returns. The southern
selling was more active than for several days
end was the feature of the early dealings,
wnlle Liverpool advices reported disap-
pointing trade demand and increased pressure
OF hedge selling there Also After opening
at decline of q to As points and selling
81 to 50 points net lower, however, the mar
ket stoadied on trade buying and covering,
with January working up from 1850 to
l97oc and December from 0.13c to 2O.3Oe.
Prlvate ginning returns indicated I,2S0,ooo
oaleS g1nned to November 1 and crop OF
II. 100000 bales.
The moderate mid-morning rallies were fol-
lowed by renewed weakness owing to contin-
ued southern hedge selling and scattering
pressure. December sold off to 20. 05 and
January to 10 80 after the close Of Liver
pool, or 80 to 63 points net lower while
later months showed net losses of about 40
TO SO points. Most of the southern selling
was said to come from the eastern belt and
was supposed to account for the relatively
easy ruling of the near months.
Reports that southern yarn spinners had
decided to adopt half-time schedule led to
more active selling early in the afternoon.
and December broke to ~. soc and January
to 1920, SIS to 90 points net lower.
NEW YORK COTTON
The following were the ruling prices In
che exchange today:
Tone, steady; middling, 2O.s5c; quiet.
-. -, Last Prev,
Open High. low. Sa Close.
Jan. :. 10. 50 1882 10. 20 10. IS 49, % 20. is
Mar. :. IS .65 1915 10 10 1917 1911 90 .o2
May =. 10. so 10. 50 Is "a .03 10 OF 1912
July =. 1910 1910 1882 1915 49,. 10 .35
Dec. -. 20 % 2O.45 10. so $50 10. so 20 IS
NEW ORLEANS COTTON
NEW ORLEANS, Nov. 5.-Bearish ginning
returns and much lower Liverpool than due
caused heavy selling on the opening of the
cotton
hour of business prices lost SO to rs points,
December falling to 1890 and May to
cotton ginned to the first of November Mt
7,2S0, 600 bales, against $780,. 600 year ago
and I,iII,1j9 two years ago.
Recoveries of 80 to 40 points followed
realizing by shorts but reports that Welsh
coal miners were showing disposition not
to return to work caused the fear that fur
ther bad labor news was possible and the
market broke to new low levels on some
months. In the trading. up to II o'clock
prices were 20 to rs points under yester-
days close at their lowest, with December
, selling at time as low as 1920.
The small mill takings for the week 2O3-
OON bales against 49, 900 this week last
year and $4,000 this week two years ago
stimulated further selling and in the trad
were .sert to declines of 80 to 10S points,
with December down to 1890 and May to
NEW ORLEANS COTTON :
The following were the ~ .es in the
exchange today:
Tone, steady; middling, 1870; steady. 80
Open High. Low. Sale. Close. Close.
Jan. =. $50 - Is $50 60 49, 80 10. 80
Mar. :. IS. SO 10. OF IS. Sc IS 81 49, 81 49, 80
May :. $40 IS Is. % IS. 25 49, % 10 10
July :. IS 20 IS go $500 1S.11 800. IS. 90
Dec. :. 10 40 10. Sc 1890 .95 IS. 90 10 SO
NEw ORLEANS SPOT COTTON
NEW ORLEANS, Nov. 5.-Spot cotton
bales: to arrive 1,24S: low middling. 14.aG;
middling, 1913 good middling. 21.75; re-
ceipts. $3.50; stock. 1923, 145.
SPOT COTTON MARKET
Atlanta spot cotton, zoe.
New York, quet, 2o,S5c. -
New Orleans, steady, 1870. ..
Philadelphia. steady, 81 .10c
Norfolk, steady, 20. soc. -,
Savannah. steady, 21c.
st. Louis. steady, &c.
Houston. steady, zoe.
Memphis, steady, 20. 75c.
Augusta, steady, 20. soc.
Little Rock. steady, 21c.
Dallas, steady, zoe.
Mobile, steady, 20c.
Charleston. steady, 21.7jc.
Wilmington, steady, zoe.
Boston. steady. pc t
Galveston, steady, 21c. .,. ........'
ATLANTA SPOT COTTON =
Atlanta spot cotton. -. -. -. -. 20c
Snlpments .''... -:.... '.....:.. LOIS
AMERICAN COTTON =
AMI GRAIN hNHr