Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-02-19
COTTON

NEW YORK, Feb. 1S.-The cotton market
was nervous and irregular during today's
early trading. Liverpool was hardly up to
expectations, the reported closing of Bos-
ton trust company was an unfavorable lnflu-
ence and early reports from the stock mar
ket were disappointing. These fea lures led
to scattered Wall street. local and southern
selling, but there was considerable covering
for over the weekend and some trade for
ing at the opening decline of TO 16 points.
Active months sold about 10 to 16 points
net lower with May touching 1886, but then
steadied and showed rallies of several points
toward the end of the first hour.
The market weakened during the middle
of the morning under liquidation by recent
buyers, who probably felt disappo inted that
demand had not broadened from the rallies.
Trere was also southern selling on the
break, which carried March contracts off
to 13.10c, or even with the previous low
level, while May sold down to 1860, or
within 10 points of the seasons low record.
There enough covering to check the
decline at these prices and trading was
quiet again around midday, with the market
showing rallies Of 8 or 10 points from the
lowest. Reports from Boston said that
shippers were trying to get offers on con-
signments of spot cotton and were willing
to accept low prices.
.Slihgt rallies were followed by renewed
weakness during the middle of the after
noon owing to the hedge selling and IL
quotation by recent Wall street buyers
record for the season. while May sold down
to 1850. with the general list showing
let losses of % q points.
REV YORK COTTON
The following were the ruling prices in
Che exchange today:
Tone, steady; middling, Is. 40c, quiet.
Open. High Low. Sale. Close. Close.
Jan. .. -. -. -. go. go IA. 81
Mar. :. Is. % 10. 80 IL. O2 1910 49,. 10 80
May >. 1878 10. so 10. so 10. 50 10. so 10. 80
July :. 14.1s 1922 1891 14.O2 14.02 4.22
Oct. :. 14.55 IA. 60 14.31 14.46 14.45 80
Dec. :. 1881 IA 81 1856 1855 IA. IS Il. SO
NEW ORLEANS COTTON
NEW ORLEANS, Feb. 1s.-Considerable
liquidation of long cotton came out in the
early trading in this market today and it
weighed against prices. The further drop
in the price of silver also encouraged sell
ing so that in the first half hour of bust
ness prices were II to 81 points under the
last prices of yesterday. March fell off to
1901.
Persistent reports of heavy March tenders
in New York as the likely outcome of first
March notice day and news of a bank failure
in New England increased the pressure
against the market. In the trading up to
IL o'clock prices declined to levels 81 to "a
points under the finals of yesterday, March
falling off to u. %.
Rumors of disorders in Berlin caused the
heaviest selling Of the day and in the trad
ing up to 80 o'clock prices were sent 81 to
80 points under the last quotations of yes
v.
continued. Mill takings were large, 241, 900
bales against 1884, 900 this week last year,
and 174OOO two years ago, but did no more
than steady the market at the decline. March
dropped to II. 80.
NEW ORLEANS c%TToN
The following were the ruling prices in
che exchange today:
Tone, steady: middling, 13c, steady.
Open. High. Low. Sale. Close. Close.
May :. 1910 .4s 10. IL 1928 49, %. 81
July =. 1910 1875 1912 1888 1858 1879
Oct. :. 14.Os 14.Os 10. 80 10. SO 1890 14.14
Dec. .. 80. 80. -. go. 14.10 14.24
NEW ORLEANS SPOT COTTON
NEW ORLEANS. Feb. 1s.-Spot cotton,
quiet and unchanged. Sales on the spot,
S.75c; middling, 13.OOc; godo middling,
15.75c; receipts, 1858: stock, 41O,s35.
SPOT COTTON MARKET
Atlanta, steady, 1850.
s New York, quiet, 13.40c.
New Orleans, steady, 13c.
Philadelphia, steady, 1860.
Norfolk, steady, 1900.
Savannah, steady, 10 90c.
st. Louis, steady, Is. SOC.
Houston, steady, 10. SOC.
Memphis, steady, IS. 4Oc.
Augusta, steady, 13c.
Little Rock, steady, 10 40c.
Dallas, steady. 10. 40c.
Mobile, steady, 12 75c.
Charleston. steady. lac.
Wilmington, steady, 13c
Boston, steady, 10. 75c.
Galveston, steady. 13c.
Montgomery, steady, 10 Goo.
ATLANTA SPOT COTTON
Atlanta spot cotton $500. .12JOc
Shipments 80. ...... ~
Stocks ...... -. ...............31,S 33