Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-08-25
COTTON

NEW YORK, Aug. 23.-The cotton market
showed increased strength and activity at
the opening today. Liverpool made very
firm showing, while continued hot weather
was reported in the southwest and reports
Of q firmer spot basis in the south were
followed by coed trade demand for near
months here. First prices were IA to II
points higher in consequence, with all active
months making new high ground for the
movement. This attracted a good deal of
profit-taking, but the early offerings were
soon taken, and active months sold Il to
20 points net higher, with October touching
1882 and December 14.20. Private cables
attributed the advance in Liverpool to COW
ering by shorts and an Increased trade de-
mand
Rumors that a southern authority made
the condition of the crop only SIS and in
Dictated yield 100000 bales, stimulated
the early buying, but at 14:27 for Deem
ber or 80 to 80 points net higher, the mar
ket set increased realizing. This caused
reactions of some 10 or II points from the
best but the undertone continued steady
around midday. The report TO local au-
thority made the condition 52.7 and the in
dictated crop 100000 bales, compared with
the official estimate of S,203,OOO at the
end of July.
day reaction of 10 to Il points and the
midafternoon market was very strong on
renewed Wall street buying and covering
promoted by the detailed weather reports
showing higher temperatures in the south
west. December held around 12.25c, or
about SO points net higher, shortly after 2
O'Clock.
NEW YORK COTTON
The following were the ru''. prices il
The exchange today:
Tone, steady; middling, 13.7oc, quiet:
Open High. Low. Sale. Close. Close
JAM 10 IA. So 14.10 4.21 4.20 ID. SO
Mch. a. % 1850 1922 IA. SO 4.33 IA. 0S
May :. 1874 14.6O 4.34 IA. 40 ..... 14.15
Oct. :. 1875 3.92 81 1877 1917 10. IS
Dec. :. 400 1872 400 14.17 .16 10. SO
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 23.-Much better
cables than due. continued unfavorable ac-
counts from many sections of the cotton re
gion and a private bureau report on ccndi-
ton of 52.7 per cent of normal put the
price of cotton strongly higher today. In
the first hour of business the active months
rose % to 43 points, October being the
strongest position and advancing to 1898.
Another private bureau report on condi-
tion of Sis per cent of normal indicating
crop of 100000 bales, held the market
steady for while, but at levels 81 to 43
points up. Much realizing came from the
long side and at II o'clock prices were to
i2 points down from the highest, with Octo-
Der at 40.
After mid-session fresh buying of conse
quence entered the market, bullish crop
accounts still being the basis for the buy
ing, and toward the close prices were Al
to So points over the last quotations of
yesterday, with October up to 1858.
NEW ORLEANS COTTON
The following were the ruling prices IL
The exchange today:
Tone, steady; middling. 13c, steady.
List Prev.
Open. High Low. Sale. Close Close
Jan. :. 13.s3 IA OF 1913 1898 1898 1876
Mch. 10. 80 14.1O 10. so 10 SO 400 13. SO
May :. 1895 IA % 3.92 14.15 14.10 1915
Aug. :. ..... ..... ..... 49, 49,.
Oct, :. 13.35 10. 6s 13.34 "a 10. 81 Is. Is
Dec. :. 1870 10 SO 10. s. 10 50 1882 13. 40
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 23.-Spot cotton
firm, 80 points higher. Sales the spot
1,295 bales; to arrive 271. Low middling,
11.25; middling, 1900; good mddling, 400.