Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-02-26
COTTON

NEW YORK, Feb, 25.-The cotton mar
ket showed renewed weakness at the opening
today. First prices were easy at a de-
cline of IL to % points, with active months
selling % to 80 points below last nights
closing figures right after the call. All
active deliveries made new low records for
the season, with March selling at 1900,
May at 1880 and July at 1898. The con-
tinred weakness of Liverpool, depression OF
Manchester and yesterdays declines in
southern spot, markets were the factors on
the break which carried May contracts about
4 cents. below the high price touched on the
rally of last month. There was consider
able trade buying OH the decline as well as
covering which caused rallies of a few points
but was supplied by southern and local
selling. mn Ill.,.
cf cotton had been shipped from Liverpool
on Saturday for delivery on New York CON
tract probably contributed to the early
freak. Later cables showed rallies In the
liverpool market, however, with an I'M
proved export demand for spot cotton, and
prices here steaded during the middle OF
the morning on trade buying and covering
May sold up from 1850 to 1880, ruling
around 1860 shortly after midday, COM
pared with 12.77c at the close last night.
The early afternoon rally extended to
i2.73c for May and 1920 Tor July, or
within four points of last nights closing
figures, but was not fully maintained owing
to bearish weekend statistics. Trading
around o'clock was quiet with active
months Z to II pionts net lower.
NEW YORK COTTON
The following were the ruling prices in
he exchange today:
Tone, steady: middling, 12.20c, quiet.
Open. High. Low. Sale. Close. Close.
Ian. :. 1898 -. 14.O9
Mar. :. 2.15 1921 11.s2 11.9S 11.90 1921
May .. IL. so 1918 1926 1888 1888 12.7Z
July =. 10. 05 30 2.s5 1917 1926 1874
Oct. :. 10 20 10. rs Is. 40 40 13.41 1892
Dec :. S.s5 90 10. go 1855 go. 14.O2
NEW ORLEANS COTTON
NEW ORLEANS Feb. 25.-Weakness in
from European centers combined to put the
price of cotton lower today In the tlrst
half hour of business the active months
dropped "a to IS points, carrying the mar
kef TO new low levels for the season. March
traded down to 11.s0 and July to Az.
The market acted oversOld and very
strong technically, which brought support
from professional traders with the result
that fairly strong recovery ensued. At
II O'Clock the more active months were
one point over to fifteen points under the
last prices of yesterday. March reacted 10
i1.96c.
Renewed weaknesses followed the report
that Liverpool was reshipping cotton to ms
country in considerable quantity, one lou Oh
1000 bales being reported on its way. Heavy
selling was caused by Texas kilograms noting
further unloading of spots and by the mill
akings for the week of LAG. 600 bales &salns:
3S4. 900 bales last year and l3o,OoU Two years
ago. At 80 O'Clock prices were 30 TO y
rointes under the close of yesterda! With
March off to the new low level of II. 81.
NEW ORLEANS COTTON
fhe following we're the ruling prices In
liz exchange today:
Tone, steady; middling, IL. Toe, steady.
Open. High. Low. Sale. Close. Close
Mar, :. IL 80 IL. 90 IL. 60 II. ca II so 1904
May - 2.35 1912 1901 12.oi 1902 IL. 43
July :. IL. so 1915 SO 1888 1886 12.74
Oct. :. 1905 Is 12.s5 1888 12.Ss 49, 5
NEW ORLEANS sPoI COTTON
NEW ORLEANS; Feb. 23.-Spot cotton,
uuiet: quotations revised; middling, 80
points lower. Sales ON the spot, 30I bales;
to arrive, none. Low middiing' 500; MD
tiling, 11.15d; good middllng, l4.0Od; re-
ceipts, 4,772; stock. 423,603.
SPOT COTTON MARKET
Atlanta, steady, 11.5Oc.
New York, quiet, 12.20c.
Z New Orleans, steady, 11.75c.
Philadelphia, steady, 12.45c.
Norfolk, stendy, 1850.
Savannah, steady, 1880.
st. Louis, steady, 13c.
Houston, steady, 12c.
Memphis, steady, 15e.
Augusta, steady, 12c.
Little Rock, steady, 1250c.
Dallas, steady, 11.45c.
Mobile, steady, 12c.
Charleston. steady, lac.
Wilmington. steady, 12c.
Boston, steady, 13c.
Galveston, steady, II. SOC.
Montgomery, steady, 11.F5c.
o., ATLANTA SPOT COTTON
Atlanta spot cotton -. ..-...-...... IL. 50c
hecelpLS tOL
shipments .'.-...- $40
Stocks -. -. -. -. -. .... .32,1SO