Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-02-10
COTTON

NEW YORK, Feb. 9.-The cotton market
opened barely steady at decline of 10 to "A
points as result of disappointing Liverpool
cables and southern selling. There was also
scattering local pressure but offerings were
pretty well absorbed around 1874 for Marcn
and 49,. So for May and prices later rallied
on a renewal of yesterdays covering move
ment. May sold up TO HOY before the END
of the first hour or within points of last
nights closing quotation. Business was COM
paratively active at the start but showed a
tendency to taper off after the initial sell
ing orders had been absorbed. Private ca
bles reported a continued lack of trade de-
mand in the Liverpool market, but prominent
British trade authorities were quoted py
press advices to the effect that prices were
low enough to tempt buyers into the Jan
cashire market and that the worst OF the
depression was probably over.
A furry of March liquidation ana scat
tered realizing sent prices off few points
during the middle of the morning, but the
market firmed up again toward midday on
renewed covering. There was very lttle,
If any southern selling after TIE first halt
hour, and comparatiyeyl few contracts were
for sale on, the advance, which, carried active
months about to 10 points net higher WIN TN
March selling at 1881 ana May at 11'%-
early in the noon hour.
rbe firmness of grain and reports of a bet
ter tone in Wall street led to rather more
active covering in cotton during the carry
afternoon. March sold up to ID "a and May
m ~. 81 or 10 to % points net higher but
met more realizing al these tlgures WIN tne
market showing reactions of some 10 10 ~
points around O'Clock.
NEW YORK COTTON
The following were the ruling prices Id
ehe exchange today: -.
Tone, steady; middling, 14seoo' quiet;
Open High. Low. Sale. Close. Close
Tan :. 49,. 49,. lo.OU lo.oz
Mich. 10. so 1s. "a 10. 40 1878 1871 1872
4
1uly IA. % 1910 1925 14.51 14.50 14.4S
Oct. :. 14.5s 1892 14.54 14.s2 14.s2 1915
Dec. :. 1475 1905 14.75 1913 1913 1875
NEW ORLEANS COTTON
NEW ORLEANS, Feb. 9.-Higher prices
wore reached by cotton in the early trading
today in response to the advance OF yester-
day in New York. Poor cables, however,
made the market quiet at the advance. IN
the first half hour of business the active
months advanced 90 to 81 points, carrying
M'rch to Is 80. $50. ,,o
main factor in the trading for consider-
able PERIOD and the demand was sutll-
cia.,tly good to put prices ~ to 81 points
over the last quota ions of Monday, Marc1
touching 13.36c. Unfavorable cables cor
corning the state of trade in Mancneste:
finally took away some of the strength;
AMI at IL O'Clock prices were Z 10 IL
down from the highest.
Spot accounts from the interior were
mixel The market went. to, Its highest on
reports from Oklahoma of better demand
there, the active months showing gains OF
Al to 40 points with March up to ID. Oh.
little later kilograms from Texas claimed
that farmers we're selling at the advance
prices promptly broke. At 1870 O'Clock me
active months were a net gains of "a to %
points.
NEW ORLEANS COTTON
rtie following were the ruling prices IN
u exrhange today:
Tone steady; middling, 1890, steady,
Open. High. Low. Sale. Close. close
Jan. :. $40. 49,. HUI
Mch. 13. 80 10. so 1919 3.47 10. 4S 10 90
Nav ;. 10. so 10. so 49, A. 1870 1910 13.3
July :. 1871 14.O5 10. 50 1895 10 80 10 sc
Oct. :. 14.O4 IA. 33 14.O2 IA. % 20 SO
Dec. 49,. -. 80. lf'44 go
NEW ORLEANS SPOT COTTON
steady adv and TN ulfchan n sales on the spot.
S95 bales: to arrive, 200. Low middling,
5. Zoe: middling. 13.25c; good middling.
16c. Receipts, 531: stock, -433,51s
SPOT COTTON MARKET
Atlanta, steady, 1900.
New York, quiet, 14.05c. .t.
New Orleans, steady, IS. 25c
Philadelphia, steady, 14.50c.
Norfolk, steady. 1920.
Savannah, steady, lac.
st. Louis. steady, lac.
Houston, steady, 13c.
Memphis, steady, lac.
Augusta, steady, 1Sc.
Little Rock, steady, 10. i5r. 49,.
Dallas, steady, 12.70c.
Mobile. steady. 13c.
Charleston. steady, 1jc.
Wilmington, steady, 13.2oc.
Boston. steady, 14.10c.
Galveston, steady, 13c.
Montgomery, steady, 12.50c.
ATLANTA SPOT COTTON
Receipts -. -. ''Sl
shipments ....... DIu
Stocks ol,l-o
LIVERPOOL COTTON
nIIiat. sales & nnN. u.lnl middlinO