Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-08-11
COTTON

NEW YORK, Aug. 10-Higher Liverpool
cables, continued favorable reports from the
goods trade and expectations of a bullish
weekly review of weather conditions in the
belt led to renewed buying in the cotton
market at the opening today. First prices
were steady at an advance 2f to II
points and active months sold 10 TO ~
points above last nights closing during ths
early tradging. The advance was accom-
panied by rumors that returns to southern
authority made the mid-month CONDITION OF
the crop 594, against the official figures
of 647 for late last month. December
contracts sold up to 1892 or 80 points aDo os
the low prices touched on the reaction yes
terday, and within points OF the recent
high level. u;o, NJ
cember I'D to 1894, while January and later
deliveries made new high records for the
movement, Increased offerings were encoun-
tered as prices approached the 14-cent level
for December, however; prooapiy lncl iiIs
some southern hedge selling. while reailzing
was promoted by unfayorable good trade re-
ports from Manchester. The weekly report
Of the weather bureau, proving no more
unfavorahle than foreshadowed by daily COM
plants seemed to increase the disposition
to take profits on long contracts and the
market was rather unsettled early in the
noon hour with active months selling PACK
to last nights closing prices.
Liuuidati ton was promoted by reports of
an unsettled tone in the stock market dur
ing the early afternoon and prices SOLD
from 10 to Is points below last nights clos
ing December broke to 361 and was with
in 8 or points of that price around 2
o'clock.
NEW YORK COTTON
The following were the nrtces 10
The exchange today
Tone, steady; middling, 1920, quiet.
Open. High. Low. Sale. Close. Close
Ian. .13,S5 10 .95 81 IA 1874 1875
Mch, ..141O 1920 49, 81 1898 10 so IA. 90
May ...14.15 1925 800 14.O5 IA .06 14.05
July w ... ..... ..... IA 16 IA. rs
Aug. .... .. 800. ..... Is .02 $50.
Oct. Ia 80 13.47 1915 13.o4 10 "a 1873
Dec. lib. IS Is. "a 10. 81 1871 II 1913
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 10-The worst
crop report yet received this seaeson from
Texas put the cotton market strongly higher
in the early trading today, the active
months rising % to 90 points by the end
of the first hour, carrying October up. to
1906 cents a pound. Better cables than
due were a help to the market on the
opening, as were also reports of larger
business at higher prices doing in whole
sale cotton goods markets Of this country.
The weekly crop reports from the gov
eminent about met conservative OPINION, IN
dica ting poor progress deterioration III
most important sections Of the belt. but did
not seem to be sufficiently strong to bring
in new buying of consequence. The market
eased off gradually and at IL o'clock stood
to IL points higher than the close of yes
terday. October dropped back to 1881.
Rumors of a private bureau mid-month
report on condition of 59.4 showing deteri-
grafton for the last fortnight of - points.
helped the market in the late trading and
toward the close the active months were 5
to points over the final prices of yester-
day.
NEW ORLEANS COTTON
The following the ruling prices IL
The exchange today:
Tone, steady; middling, 1225c, steady.
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