Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-08-03
COTTON

NEW YORK. Aug. The cotton market
Showed renewed weakness at HE opening
tuCay. first prices being easy ut a decline
of / to 1G points Under Il ontinua ion
of las: weeks selling increment. Two more
pr.Na condition reports were issued rang
ing from 7i.i to 7J.a which was about
IN line with previous figures. and there
no change of sentiment to the prob
able showing of the government report, but
sellers found encouragement in declining
goods markets. continued good wea Their in
the SOUTH unsettled European political con
di;ions and week end declines in southwest
ern spot markets. October sold off to 31.00
AMI December to 29.S0, or about 20 to~37
points lower during the early trading.
The government report making the cotton
condition I'll and the indicated crop of
12.a19.G60 bales. was shade below expec-
tuiionS and was followed by a wave of coy
eriE- which sent the price of October up
FROM "U,94. the low level of the morning,
10 $50, IS points net higher. DeeeRl-I
Der at..anced to 1910 and January to 29ySt.
or go ~ 40 points above the CLOSING quota
tic: of Saturday, but fresh buying was
and nervousness over European conditions.
and the demand was attributed chiefly to-
shorts.
Tn. demand from shorts tapercd off when
g. found that the crop figures HAL
fail | t. bring il any important demand
fl The trade and prices worked back ia.
nrG :. iaSt Saturdays closing. There was
rrr", ed covering around the 3O-cent level
for December. and active positions ruleG
alb III Is to 81 points net higher during The
nfid-a E; ernoon. -yar..r
NEW YORK COTTON go '--'e'
The following were the ruling prices in the
exchange today: H.. . ..,
: Tone. steady; middling, 4Oc, quiet.
Last Prev
- Open. High. Low. Sale. Close Close
Jan . 9.OJ 3O.12 % 90 sc. 90 5000 %. IS
Me- ~ so 81 os.75 %. 10 o9.75 %. o.
Nay rs II o0.55 IS. 80 90 80 80. So %. 80
0c:- :. 81 90 81. 40 80 80 81. 73 81. 30 81 90
Dec. 5000 3o.s3 30. 81 80 60 80. 6S 80. 90
NEW ORLEANS COTTON 49,. $50 -.
NEW OELEANS. Aug. 2.-The- early trad
ing in cotto ntOday developed irregularity.
0n-ihe first call the months were
10 II II points up, but soon after the whole
list moved downward to levels 10 to- ~
points under the close of Saturday while at
the end of the first hour of business the
distant months were stronger than the near
and March stood > points Saturdays
close. October rose to $3.50. fell off TO 500
and came back to 1920. Evening up trad
ing in preparation for the bureau. report
eaiscd The hnueven fluctuations. .-.-..
s5Ji.st prior to the bureau report at 10
o'eIsrk the market fell off again, this time
to: net declines of 10 to 81 points, but the
condition figures CT III per cent of normal,
ir,lica ing crop of 12,519,0O0 bales, were
hardly favorable as expected and heavy
covering by the short element immediately
was done which prices bulged sharply
This ri:r carried October TO $685. and put
tie lis. - 10 Co points over Saturdays
ciosr. The gains were not we'll maintained
and .:,'r i'll the morning the market was
Etaf'y Eal fl cent Il pound down from the
highest. e
Tic market turned nervous and more IT.
regular tliaI "yrr. 1tatc il the. session the
most Important buying of the session entered
the late months aud put March to 29.5G,
ors-1C6 p ints over Sa lurday's final prices
Toward the close the active months were
at net gains of 30 20 % points.