Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-02-01
COTTON

NEW YORK, Jan. 31.-There was some
scattered buying on the firmer ruling OF
Liverpool at the opening of the cotton mar
ket today. First prices were steady at a
decline of points to an advance of 8 points,
but the demand was supplied by commission
house liquidation or southern selling and
the market soon turned easier. March con-
tracts sold off from ii. % to Il 80 and July
from 1918 to II. 90 during the first hour or
about 20 to % points net lower.
Trading was very quiet later in the morn
ing and there were rallies of several points
on covering. Otherwise there as very
little support, however, and bulges were not
fully maintained with March ruling around
14.40 and July 1896 at midday, or about
II to 16 points net lower. Reports that
estimates prepared by the bureau of mar
kets pointed to world supply for 1920-2l
of 25.624, 900 balees, and consumption of
only 3,457, $50 bales, were considered re-
sponsible for some of the scattered selling,
while sentiment was also unfavorably influ-
enced by the decline in the London market
for bar silver.
The market was easier during the early
afternoon on the Wall street selling and more
general liquidation with March selling off tG
14.1S and May to 14.7O, or 81 to AZ points
net lower.
NEW YORK COTTON
The following were the ruling prices IN
the exchange today:
Tone, steady; middling, 143Oc, quiet.
Open High. Low. Sale Close. Close.
Mch. .14.52 1852 400 14.O3 II 90 IA. 81
May Ia. SIS 1875 1920 14.24 IA % IA. 80
July Ills. 16 15.1S IA. so 14.55 IA. 80 1912
Oct. ...15. So 5.35 1915 IA. SO IA So 1886
Dec. lis. 40 10 90 14.94 14.97 ..... 10. 43
NEW ORLEANS COTTON
NEW ORLEANS, Jan. 31.-A favorable
view of political developments at Paris put
the cotton market moderately higher on the
opening today but almost Immediately there
under the that Berlin
would not accept the reparation terms. The
advance carried prices to IL points up,
compared with last weeks close, and the
advance carried them II to 20 down. March
traded up to 1.2S and fell off to l4.O0.
The volume of fresh business became small
but the tone held steady and when early
sellers started to take profits they caused
small upturns, the market at IL O'Clock
standing at a net decline of II to 10 points.
Heavy selling came upon the market in the
late trading following reports that the Ger
man reichstag had accepted in very unta
yorable manner the Paris reparation propoS
ais, one rumor having it that the prORasals
had been rejected. Prices fell to levels o.
to So points under the close Of last week
with March down to ID. 80.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 14c. steady.
Open. High. Low. Sale. Close. Close.
Mch. IA. Is 4.2S 13. 65 10. SO 10. SO IA. II
May ...14.44 IA 10 SO 1887 49, So IA. 81
July, ...14. 65 IA IS IA. 90 40 IA. 90 IA &C.
Oct. ...14.s4 IA 81 IA. 25 PC &c IA s.
Dec. ........ 49,. ..... ..... IA SO IA %
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Jan. 31.-Spot cotton
quiet: % points lower; sales on the spot.
= bales: to arrive, none; low middlng
$500: middinlg, 14.00c; good middlng,
1876; receipts. 1O605; stock, 436,633.
SPOT COTTON MARKET
Atlanta, steady, 13.15c.
New York, quiet, IA SOC.
New Orleans, steady, lac.
Philadelphia, II 55c.
Norfolk, steady, lac.
Savannah, steady, 15c.
st. Louis, steady, 14.5Oc.
Houston, steady, 13.40c.
Memphis, steady, l4.50c.
Augusta, steady, lac.
Little Rock, steady. 1850.
Dallas, steady, 1880.
Mobile. steady. lac.
Charleston. steady, Ice.
Wilmington, steady, 1850.
Boston, steady, 1475c.
Galveston, steady, 1890.
Montgomery, steady, 1850.