Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-09-10
COTTON

NEW YORK, Sept 9.--The Improvement
in the technical position of the cottocn mar
ket resulting from the severe reactions OF
yesterday, was reflected in the opening to.
day, which was firm at an advance of 50
to 70 points. Rebuying by recent sellers
for profits was encouraged by the firmness
Of Liverpool and the opening advance here
carried December contracts up to 10. ~ or
nearly cent above yesterdays low level
Reports of a tropical storm near the coast
of Trinidad and moving toward the belt;
caused q good deal of comment and
doubtless contributed to the early advance,
while good deal of continental buying was
also reported. The south was larger seller
than previously, however, and the market
turned easier shortly after the call under
this pressure and renewed liquidation. De
cember sold off to 10 90 before the end OF
the first hour or within 80 points OF last
nights closing.
Offerings increased on the reports of in
creased hedge selling, and there was furry
Of what appeared to be held over l1quldatlon
which carried December off to ls.S0' or
within 10 points of last nights close Later
months were relatively weak, January break
ing from 10. 40 to 1880, or points net
lower and within 20 points OF yesterday
low level. Business quieted down again al
these prices and the market was steady
around midday at rallies of 10 to 70 points
on renewed covering. The relative flrm-
mes of near months was attributed parity 10
the fact that local stocks consist latgels VI
good grades which would appreciate IN value
should the grade Of the new crop be lowered
Prices showed up sharply in the afternoon
with December advancing to 1913 or llu
points net higher while January sold at
i9.5O, or 50 points above last night CLOS
ing quotations. This vas Que largely u. 10
the fear that storms would damage the
grade of the new crop and coverings for
over the weekend.
NEW YORK COTTON
The following &ere the rn' n'ices ID
:. HE exchange today:
: Tone, steady; middling, 19.s0c; quiet.
Open High. Low. Sale. Close. Close;
Jan. :. 10 40 49, so IS. 80 19. 60 1916 IS. Gs
Mar. =. 10 As 1915 1890 10. go 1890 1880
May =. 10 As 1914 1866 1875 1885 1854
July :. 10 80 10. 80 1910 1925 1925 1874
Oct. :. 49, go 1913 1915 1850 1875 1888
Dec. =. Is. 20 10 .95 1888 1884 1888 1s.6
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 9.-Better cables
than due and fear that the hurricane in the
West Indies might take a course for the gulf
coast put the price of cotton strongly h1gher
on the opening today but after advances OF
s. to 10 points, heavy realizing by longs was
met and a reaction ensued. At the end OF
the first hour of business prices were 8 TO
q points over Yesterdays close. octoper
traded up to IS. 80 and fell back to 10: ~.
The reactionary feeling held for Wnlle
but at levels points under to ~ points
= over the close of yesterday, new demand
developed and the market commenced to re-
cover. 1t was helped materially by cables
from Liverpool quoting the British board o.
trade as placing exports of yarns during
August at IL, 20O, 900 pounds, against 12,-
100000 the same month last year, the first
time in many months that British exports
have made such a showing. Soon after IL
o,clocE III most active months were IS to
1o2 points higher than yesterdays close
with October at is. So.
The market became stronger in the AFTER
,oon on ronortS of further rains in IeXas
and fine official warning that the hurricane
was moving across the Caribbean sea. 10.
ward the close of the months under most most
buying pressure were 13o to l4S points
Yer Yesterdays final prices, October touch
ing 10. IS.
NEW ORLEANS COTTON
The following were the ruling prices IL
Tone, steady; middling, 19c; steady.
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