Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-11-30
COTTON

NEW YORK. Nov. &c. Notwithstanding
the liverpool dock fires. which We're said
80 mVoive considerable cotton, the Eng
hsh market made very weak showing
today ana there was continued selling by
houses with British trade connections The
opening was steady at an advance of .
points on October, but generally to y
points net lower, with January selling
3oit 10 I4.oS or 81 points below Saturday Y S
closing and into new low ground for the
season. There also southern selling but
traae nuylng to fix prices on call cotton,
las well as n good deal of covering alb.
ZsorDed The eaerly offerings and caused rallies
81 several points before the end of the
Liverpool trade adyices estimated at be-
tween $4,000 and ~, 900 bales of cotton had
oeen destroyed in the fire of Saturday, but
9Ihe English market showed continued weak
ness ana there were reports that spots
were being offered on n lower basis in the
southwest without finding buyers. Offer
1ings were vcry well taken during the early
Trading, however, and there were mid-morn-
ling rallies which carried January to 1928
Xand March TO 15.o2, or ~ to 40 points net
higher ;,o This improvement was not fully
'ular with the market quiet but fairly
STEADY around midday.
Trading was quiet but the market showed
rather steadier tone during the middle of
the afternoon, particularly in the of
December, which sold up to 1888, or IS
points net higher, on reports of better ex-
port demand in Texas and covering.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 15.75c; quiet
Open. High. Low. Sale. Close. ClUse,
Jan. =. 10 15.25 1853 10 "a Is .O4 Il So
Mar. :. 14.sO 1925 Ii so 10 Il .OS IA 80
May :. 80 10 IS II 90 10. % IL 20 10 .O3
guly 1910 1915 1905 1927 800. 1915
bet. =. 1900 10 20 IA .9S 1925 $50. Is 90
Pee. 1870 15.3S 1870 1920 % Is.
NEW ORLEANS COTTON
NEW ORLEANS Nov. 29.-Conditions in
liverpool dominated the early trading i'll
cotton today but the fire there did not have
fhe effect it ma turally would because Liver
pool refused to rise on it. TIL meet the
Fluctuations in this market at the weekend
liverpool should have been 40 TO "a Eng
lish points down. but its declines were
wide as ~ to 81 points at one time This
caused q lower opening here and the eff
fleet of the fire further minimiZed
by private cablegrams stating that only
stock of $4,000 bales, of which $4,000
bales were American, according to the count
ut the end of last week.
Prices here fell off 16 to % points around
the opening except that July at its lowest
\ was still points over the close of Satur
day. After the first selling furry there
was q reaction to net advances of IA too4
points. January traded down to 50 and
for its course was that sentiment was
bearish.
The market became firm and fairly active
and in the trading up to IL O'Clock went
I25 to 30 points over the close of Saturday,
January advancing to lbs
The report that two large Carolina mills
were resuming full time, ana kilograms from
Houston noting a better spot demand gave
|the market marked firmness for while dur
ling the second half of the session. and in the
Trading up TO 80 o'clock the net advance
|vas widened to 35 to 80 points, January
climbing to 14.4Ic.
NEW ORLEANS COTTON
The following were the ruling prices in
1.-The exchange today:
Tone, steady; middling, 15c, steady.
Last Prev.
Open. High. Low. Sale. Close. Close.
len. =. 13. 50 14.5O Is 50 II 80 II. Al 14.0
|Nar :. 13 .9S ii. 60 10 9S IA 80 80 IA. II
HAY .. IA 10 IA. ca IA 10 Il 60 IA so IA 81
|July :. IA % II so II 81 Il 60 4.4s IA Is
bet. :. IA 20 40 II 90 IA Is lis 10 81
lee. :. HOO II. CO IA 90 IA 60 II Co IA. 20
NEW ORLEANS SPOT COTTON
l. NEW ORLEANS. Nov. e9.-Spot cotton
Iiuiet and unchanged Sales on the spot
HIS bales: to arrive. 100. Low middling.
10. O0c: middling. 15.00c: good .-middliug,
i7.O0c; receipts, 21.571: stock, 401 POS.