Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-08-23
COTTON

NEW YORK, Aug. 22.-The cotton mar
ket showed considerable frmness during
today's early trading, owing 20 reports OF
very high temperatures in the southwest
and relatively steady Liverpool cables.
There was some scattered southern selilng
ut the start, but first prices were steady
ut an advance of to Il points, and as soon
as the initial offering had been ABSORBED
active months worked some 20 to % points
above Saturdays closing on covering am
trade and commission house buying. oller-
ings were comparatively light on the aa
vance, which carried December up to I5.io.
Yesterdays late weather map showed tenn
peratures ranging around 80 to 81 degrees at
5 D. m. in Texas. Liverpool cables attrlput-
ed the advance there TO un1aVoraDie crop
reports.
After advancing to 1875 for December,
or % points net higher, the market became
less active and there were reactions OF sew
eral yoints from the best under reallzlng.
A good part Of the early buying was at.rlo-
uted to covering which was supposed 10
have eased the technical position OF the
market to some extent. Except Tor reallzlhg
there was no selling pressure OF conse-
ouence, however, and the market held STEADY
after the publication Of the western belt
forecast for cotinued fair weather, with
December ruling around 1887 at Midday OF
about 20 points net higher.
Trading remained quiet during the middle
of the afternoon, but prices showed contln-
ned steadiness on the detailed weather re-
ports confirming early reports OF hot weath,
er in the southwest. December ruiea aroun n
1855 to 1870, compared with 13.47 at the
close last week.
In the early afterrYon the market be-
came very strong on Washington messages
stating that the house had passed Dill
authorizing the war finance corporation to
of American crops Fhe trading months
were sent 81 to "A Joints higher than the
close of last week, t. 1900 for October.
NEW YoAk COTTON
The following were he nrices ID
lhe exchange today:
Tone, strong; middsing, 49, coo. quiet.
Jan. :. IS go so 10 10 1897 SO 1S.4s
Mar. :. 13.7s 14.O7 1918 14.06 14.0s 1857
May =. 1890 14.15 1890 14.15 14.15 1915
July :. . go. .... go. 14.22 .....
Aug. :. .... go. ..r go. 1879 '.'''
Sept. 80. '.. 49, 80. 80 -
Oct. :. 1878 Is. 81 1913 R.61 1888 1900
Dec. :. 1855 1895 1855 1898 1898 1a.E
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 22.-Highly dis,
couraging accounts Of the effects OF drought
and high Temperatures on the growing crou,
particularly in Texas, caused a strong au
vance in the price of cotton today, the
trading months rising % to 30 points IN the
first hour Of the session. OCTOBER trauea
up to 1895 Supplementng Texas reports
were claims from Georgia Of an exceedingly
short crop in many counties OF that state
Following the first upturn there were re-
cessions of 10 to 15 points under realizng
by traders on the long side, but the fore
cast of fair weather for the entire western
half of the cotton region brought IN new
buying and at II o'esssk prices ~. were .h PACK
again within to points Of the mghest,
October standing at 1921.
NEW ORLEANS COTTON
Tone. steady; middling, u 500, steady.
Open. High. Low. Sale. Close. Close
Jan. 1921 10. SO 10. 27 81 80 1911
Mar. ;. Ia. SO 10. SO 1885 10. 63 1889 1922
May :. 1888 1879 1888 1879 1919 1873
Aug. :. ...'., lz.o' go.
Oct. :. 1915 1.1S 1918 1915 1918 12.65
Dec. :. 1915 1880 1915 13.49 40 1903
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 22.-Spot cotton
steady, SO higher. Sales on the spot Sol
bales; to arrive $40. Low middling, 1910;
middiing, 1880; good middling, 1880. Re-
ceipts 2001; stock 1921
SPOT COTTON Market
Atlanta, steady, 12.5Oc.
New York, quiet, 1900.
New Orleans, steady, 1850.
Philadelpn1a, steauy, 1o.ooc.
Norfolk, steady, 12c. 49,
: Savannah. steady, 12.1Oc.
st. Louis. steady, 11.5Oc.
Houston, steady, 12.45c.
Memphis, steady, 12.10c.
Augusta, steady, 12.25c.
Little Rock, steady, 11.25c.
Dallas, steady, 11.5Oc.
Charleston, nominal.
Wilmington, steady, 11.25c.
Boston. steady, 13c.
Galveston, steady, 13c.
Montgomery, steady, 11.35c.
Mobile, steady, 11.35c
ATLANTA SPOT COTTON
Atlanta spot cotton ...... l2.ooc
Receipts &C.. 49, ..'. -. oao
shipments ssss 80 uot
Stocks s'.EV,foa
AMERICAN EXCHANGE QUOTATIONS