Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-09-13
COTTON

NEW YORK. Sept. 1.-THE cotton mar
kst was extremely nervous and irregular
during today's early trading. The south
western storm news was reflected in the
sensational strong showing of Liverpool, but
= the opening here was Irregular at an ad-
vance of rs points to decline of points,
and after selling about 20 to 75 points net
: higher, on active months, the market broke
severely under profit-trking. Hedge selling
against purchases OF spot cotton In the
south was also reported on a heavy scale,
and after having sold at Elise, December
: broke to 1850, while January sold off from
20. CSC to 1870, or 135 points net lower.
The violence of these fluctuations increased
the excitement of sentiment end December
later rallied to 20.25c, with the price
movements so rapid and erratic that the
trend of tie market was uncertain.
The market became somewhat less eX-
cited later, with trading quieter. 1t was
reported that buying against spinners call
ing had absorbed many of the contracts
1iquidated on the early break, and this gave
Der sold up from $19.s5 to S20.62 and Jan
uary from 1910 to 20.10, but the improve
ment was not fully maintained. prices be-
ing several points off from the best early In
the noon hour.
There were reports of frmer spot ba
sis in the southwest and further spot house
buying here, but the market remained nerv-
GUS aud unsettled during the middle of the
afternoon with active months about Az 70
so points net lower or around 1915 for De-
cember.
NEW YORK COTTON
The following were the prices IL
Tone, weak, middling, IS 9oc, quiet.
Open High. Low. Sale. Close. Close.
Jan. =. 20. 40 20.65 10. 10 1925 1925 2O.45
Mar. =. 10. 10 20. 40 19. 90 1915 19. 10 20. 90
May =. rs 20. 20 IS 80 1910 1900 1880
July :. 1885 10. so 1885 1885 1885 1885
Oct. .. 81. so 81. so 10. so IS 1857 90. 10
Dec. :. 21.oO 21.1s $40 9.63 $50 20. so
NEW ORLEANS COTTON
NEW ORLEANS. Sept. 12.-Sharp and
nervous fluctuations over a wide range
accompanied the early trading in cotton
today. The bulge in Liverpool ana 1000
of complaints from Texas of immense crpp
damage from winds, rains and washouts put
prices go to so points higher than the close
of last week during the course of the first
call. Immediately after the market COM
menced tc break under liquidation of the
piled-up long account and under the slump
: in German and French exchange, which was
taken as very unfavorable influence. at
the end of the first hour of business prices
were so to 105 points lower than the last
quotations of last week. October traded up
to 81 cents pound and fell back to 10. 75c.
Fluctuations on the later months were
wider, March trading up to goose and fall
ing back to 1880.
Toward the middle of the morning the
tone was steadier and prices came back
to within 20 or 80 points of last weeks
close, but the storm bulletin, indicating
that the hurricane had changed its course
and was moving out into the Atlantic ocean
and away from the cotton region, caused
new selling. Around IL O'Clock prices were
IS to 1O5 points under last weeks finals,
October selling down to IL. 90.
In Germany drove the market to new levels
in the afte rnoon and toward the close the
more active rnonthms were no to '122 points
under Saturdays last quotations, Ostober
sinking to 1900.
NEW ORLEANS COTTON
The following were the ruling prices IL
the exchange today:
Tone, barely steady; middlnig, &c, steady.
Open. High. Low. Sale Close Close.
Jan. :. AS 20. Is 1890 1910 1902 20. 90
Mar. :. 10 SO 20. u5 1880 1878 1915 1885
May :. 1910 so is. As 1913 1s.65 10. 40
. July :. .... 1870 l9.eo
Oct. :. 21.Oo 81. o3 10. O3 1915 1915 1925
Dec :. 21.O0 81 90 1905 1918 1915 1920
NEW ORLEANS SPOT COTTON
NE WORLEANS, Sept. 12.-Spot cotton,
steady, 25 points lower. Sales on the spot,
3.724 bales, to arrive, 1928. Low middling,
1Sc: middling, zoe; good middling, 21c. Re-
ceipts, 800; stock, 396, 1888.
LIVERPOOL Cotton
Tone. weak; sales, $4,000; good middling,
A