Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-02-24
COTTON

NEW YORK, Feb. 23.-According to early
estimates notices issued against March cot
ton contracts amounted to fully 10000 bales
and the early market was active and lrreg,
ular First prices showed a decline of 90
points IN March, while later months were III
points lower to 10 points higher with the
new crops relatively firm. Some of the
same interests credited with issuing notices
ences and after selling at 1880 on the cal
the; price advanced to II. 80 or within 20
points of Mondays closing quotations while
May worked up from Is % to Ii. 81. The
interest Of the trade was so taken up by the
notices that little attention was paid the
news otherwise but the opening decline on
old crop months was promoted by weakness
in Liverpool and reiterated reports OF DE-
preston in Manchester.
The rally from the opening decline carried
the more active positions about to points
above Mondays closing figures, with March
selling at 12.Ssc and May at 13.4Sc. Later
fluctuations were narrow and irregular, with
business less active, but prices held fairly
steady. within fe wpoints of the best
around midday. A cool deal OF March was
bought against sales of May at differ
ence of so points. and the gossip was that
about half the notices would be taken back
by the firms who had issued them.
The early afternoon rally carried March
up to 12.95c and May to 1900. or about
months. This advance was not fully sus-
tanned. but further selling of March was
aDe0rDe0 Oy brokers' VINO sofa IdleE uelN-
cries with the general market quiet and
steady around o'clock. 90
NEW YORK COTTON
The following were the ruling prices In
he exchange today:
Tone. steady; middling,, 49, oc quiet
Open. High Low Sale Close Close
IAN. ........ ga. .......... IA 80 IA 81
Men, IL. 80 1898 IL. 80 IL. "a u. 81 10. So
May 50. ..1S. Is 10 so Is. 10 10. As 10 As Is. 43
July lib. So IA .O8 1877 10. 80 10. 80 10 80
Oct. IA. 35 14.57 .27 14.40 14.40 IA 80
Dee. ...14.73 1915 1888 1890 IA. 65 1856
NEW ORLEANS COTTON
NEW ORLEANS, Feb. 23.-Prices were
oJ to 80 points lower in the early trading
in cotton today, being depressed as the re-
suit of circua tion of notices for first March
tenders, estimated at 1900 bales. The mar
ket also was affected adversely by reports
from New York Of very large tenders there.
March fell off to u. So and July to 3.29 in
the first half hour of the day.
with March notices evidently being stop
ped by strong interests the market made
Il rapid recovery and rose 1 to points
higher than the close of Monday, with
March up to 12.73c and July up to 1850.
As the market hardened offerings increa sed
and at II O'Clock the trading months show
cd net losses of 2 to points. Much of
this selling was due to cables from Liver
pool reporting an unfavorable state Of trade
Short covering set in and for while the
tone was very firm. Prices advanced until
the list showed gains Of 12a to % points
over the close of Monday, W6th March up
to- 1880 and July up to 1885, At 1870
o'clock there was less demand and the mar
ket stood to- points up net.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone. steady; middling, 1890, steady.
.ats o.. Last Prev
Open. High. Low. Sale. Close Close
Mch.. .,12.40 80 1885 12.69 1898 2.6s
May. ..12.90 10. 81 1885 10. % 13.1s 10. Is
July lib 20 49, 66 10. 20 49, "a 10. 81 Ia. 4s
Oct. ....1s.59 IA. 10 $50 10. s4 10. "a 10. 81
Dee. IA. 10 14.14 14.1O- 14.14 14.1s IA. OF
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Feb. 23.-Spot cotton
steady. 10 points off. Sales the spot
s34 bales; to arrive, 200 Low middling
s.62; middling, 1882; good middling, 1885,
receipts 3,1O1; stock 416,924.
LIVERPOOL COTTON
Tone, quiet; sales, 5000; good middling,
g. O6d,