Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-08-02
COTTON

: NEW YORK, Aug. lowing to the
British bank holiday there were no cables
from Liverpool to influence sentiment IN
the cotton market here and trading was
very quiet a 1.-THE start with first prices
1 to points higher. Two more private
condition figures were issued, a local au-
thority making it SIS, while n New Or
leans report placed 1t at the same Ilg-
ures. These reports were closely IN line
with previous figures, the average OF nine
being GA, and consequently were without
any effect on the market, which appeared
to be waiting for the government fiSutes.
Prices held generally steady, however, on
scattering demand which was probably en-
Outraged by reports of a good tone in the
stock market and Saturdays large exports,
with October ruling around 12.1o TO 12'-o
during the early trading. -
The market showed special feature
until the governments report made us APP
pearance. This proved distinct SURPRISE
making the condition only OIL, the lnql-
Gated yield per acre 14S pounds and the
crop S203, 900 bales excluding llnterS. The
lowest of the private condition figures re-
Gently published was Col, and the govern
ment's report followed by an active
buyirg movement which soon sent the price
of October contracts up to 12.19c and De
cember to 3.2Sc. or 60 to 65 points l ac
higher The official report indicated dnr ae
July, and the condition the lowest on
record for July %.
The market became somewhat less active,
but showed continued firmness during the
middle of the afternoon, with October sell
ing up to $13.OSc and January TO 1860, or
90 to So points net higher
NEW YORK COTTON
The following were the ruling prices il
the exchange today:
Tone, steady; ,middling, 9Oc, quiet.
Open. High. Low. Sale. Close Close.
Jan. :. Il. 66 ID. 80 IL. 65 .3s 13. 3s II. so
Mar. .. IL. 90 1887 1899 1888 3.6s 1926
May :. 1913 10 9S 10. II 1888 -. 1905
Oct. :. 1214 10. OS 12.14 II. SO 2.S9 IL. 10
Dec. :. 1886 10. SO 1856 1915 1915 1855
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 1.-Expectations of
bullish figures ON the growing crop and re-
ports of much shedding from Texas put the
cotton market higher the opening today
8 to 8 points. October advanced to II, rs.
Advances of cent pound occurred
around the middle of the morning. The
government condition report of 64.7, 1ndi-
eating a crop of S,203 900 bales, put prices
about IS points higher than the levels rul-
ing just prior to 10 O'Clock. The annual
statistics were also considered bullish and
increased the advance on the most active
months to exactly 100 points up. October
stood at 11.64 just before the bureau re-
ports came in and toward IL O'Clock was
at 1884.
Secretary Hester, of the New Orleans
cotton exchange, issued his annual state
ment for the cotton year ending yesterday,
coulning the commercial crop at 1877 ,3l6
bales against u 443, $50 last year, consump-
ton by the world OF American cotton at
1O,500, 900 bales against 12,61O,0OO and the
carry-over at the end of July at SSH 600
bales against 6,216,O0O a year ago. The
carry-over was the most important item III
the report and, while it was the largest on
record, it was we'll under expectations, the
e xrbi y-ac IA
Included in the carry-Oyer were 66o,OOO
bales of linters against 100000 year ago.
As for the bureau report it was pointed
out that the condition figures were the
lowest on record for July % and that they
indicated the smallest crop in quarter
Of a century, since the year of 1896 when
the crop was 7,157, 34G bales.
The advance finally was widened to 104
to 10S points over Saturdays close, October
rising ito 1910 Just on the close Hester
announced ono d plus correction in interior .I3
carryoyer to 9,194,000 bales. Prices drop
ped about dollar a bale on thic correction,
carrying October down to 1870.
NEW ORLEANS COTTON
The following ih- ices u
the exchange today
Tone. steady; middling, 11.75c' steady;
Open. High. Low. Sale. Close. Close
Jan. :. 12.14 1913 12.1S. 2.97 1927 Il. OS
Mar 1910 13. As -. 80 13. % 10 &c II 90
May :. ..... 10 .6313 80 10. 40 Is. 40 l.. Al
Sept. IL. 69
Oct .. IL .66 1910 II. 81 IL. 81 80 go.
Dec. :. ~. 90 Is .oS IL .9S II SO -. SO II 90
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 1.-Spot cotton
steady, 10 up; sales on spot, S24 bales; to
arrive, 206; low middling, 1000; middling,
11.75; goo dmiddling, 1915; recsipts, 5.92;
stock, 430, 400.
HOLIDAY IN LIVERPOOL