Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-08-05
COTTON

heavy buying of October and December by
brokers supposed to be operating for Japan
csc interests. The purchases were esti-
mated at from %, Ov1 to %, 900 bales IN the
aggregate, sending the price of October up
to 81 .02, and December to 1925, or is to
% points net higher. Later months respond
ed only partially to the advance in these po-
sitions, however, and as soon as tn elnitlal
ket weakened owing to the continued weak
ness of foreign exchange, reported curtail-
ment in the clothing trade and favorable
weather conditions in the south. October
soon broke to 80. 63 and December to 20. 65,
with the general list selling about 20 to Al
points net lower.
Liverpool was also a buyer of October
during the early trading and there were
rallies during the middle of the morning
followed by very nervous and irregular fluc-
tuations. The stronger technical position
was reflected in covering the declines,
but offerings increased on advances and
the market sold off after the publication of
the favorable weekly weather report This
was the sixth favorable report in success
sion and considered reassuring in con-
nectton with its references to the boil
weevil. December sold around 29.S5 early
in the noon hour, or about - points net
lower while later months shocked net losses
of % to So points.
The market was less active during the
afternoon with the tone rather steadier on
covering, particularly in the case of the
near months. December sold up to 30. 80 or
30 points net higher while latest deliveries
held within a few points of last nights
closing.
NEW YORK COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middling, 39.5Oc; quiet.
Open. High. Low. Sale. Close. Close.
Jan. 20. so 9.54 los 30. % %. % 20 SO
Mch. ..29.15 . 20 IS. IS %. 90 % 90 %. Is
Nay rs 80 IS. 95 %. so 2s.75 %. rs % 90
Oct. ..3O. 90 81. 80 SO. SO 81. O3 81. O3 80. SO
Dec. 30. 90 80. 81 %. 10 80. O3 90 20 OF
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 4.-Better cables
around the first call in the cotton market
today, but heavy selling almost Immediately
appeared, as the result of the further fall
ing in the rates of foreign exchange and an
unfayorable view of European politics. Prices
slumped to levels is TO p points under the
close of yesterday, October dropping from
20. q TO % 40. Heavy, realizing by shorts
appeared and at the end of the first hour
OF trading the market stood IL to 30 points
over yesterdays final prices, October rising
to %. S..
The weekly crop reports were better than
expected, failing to show extensive deteri-
grafton in any division of the belt. For
tie way, but this encouraged realizing by
shorts on a large scale, furnishing de-
mand on which it finally bulged to new high
levels Toward noon October traded up to
80. 90, and the list stood at net gains of p
to A points.
The rise on October continued until that
month was at Boise, a net advance of SO
points but other months did not make new
high levels. Undoing of straddle trades in
large way brought about most irregu-
lar market and toward the close prices
were 20 points up to 20 points down COM
pared with yesterdays close.
Closed steady. at net points up to %
~ NEW ORLEANS COTTON
The following were the ruling prices In
Tone, steady; middling, 37.75c, steady.
Open. High. Low. Sale. Close Close
Jan. 10. 10 % .2s 2S.77 2S.77 2S.77 1904
Mch., ..2S.77 2s.95 SO s.44 2S.4 28.7o
May ...2s. 40 s.4s 81 .95 IS. % 1913 2S.10
Oct. ...2s.7O 3O.1s 90 40 %. 73 1912 %. e5
Des. 20. % %. go %. OF % "a %. "a 90. %
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 4.-Spot cotton,
quiet, so points lower; sales on the spot,
g Sss' nt9n aF.7s s7s gooG m mdGns
i1.50c; receipts, 1859; stock, 222,244.
SPOT COTTON MARKET
Atlanta, steady, 4o.25c.
New York, quiet $4,000.
New Orleans, steady, 37.75c.
Philadelphia, steady, 3s.75c.
Montgomery, steady, 3s.75c.
Norfolk. steady. 40.50c.
Savannah, steady, SOC.
st. Louis, steady, 39c.
Houston, steady, 35c.
Memphis, steady. $1,000.
Augusta, steady, 3s25c.
Little Rock, steady, ssc.
Dallas, steady, 35.15c.
Mobile, steady, 3S.50c.
Charleston, steady, 4o.50c.
Wilmington, steady, 38c.
Boston, steady, 40c.
Galveston, steady, BIC.
= ATLANTA SPOT COTTON
Atlanta spot cotton =. 40 zoe
Receipts SO. 49,. s''' w
shipments go. 80. 49,. Lou
STOCKS 80. '1o'%Oo
LIVERPOOL COTTON
Tone, very steady; sales, 5000; good mid