Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-08-06
COTTON

NEW YORK, Aug. 4.-Bullish private
crop advices seemed responsible for sharp
rally in Liverpool and an opening advance
of 1 2to 10 points in the cotton market
today. Ever since the publication of the
very small crop indication by the depart
ment of agriculture Monday, Texas has
been sending in crop complaints and one or
the kilograms published here today by a
leading spot house said that loss condl-
lions soon changed for the better, Texas
might not produce 100000 bales. There
were other scattering reports of severe crop
deterioration in central and northern Texas,
which were OF Liverpool, causing
advances frcm an = decline. while
the market here soon sold up to 1873 .or
October 1850 for December, or about
20 to 81 points net higher. The south sold
some cotton early but Wall st - was an
active buyer on the advance
Realizing sales appeared to nave been
absorbed by the mid-dal reaction and the
market was firmer during the middle OF
the afternoon. with October selling up to
1917 and December to 1882 on scattered
buying.
NEW YORK COTTON
The following were the 1rices -
the exchange TO-DAY:
Tone very steady; middling. Is .15c, quiet.
Last PeeV,
Open. High. Low. sale. Close. Close
Jan. =. 1912 IS IS 13. Al .45 IS so Is. 80
Mar. D.. 10 60 IS. so -. IS 1872 Is. II 49,
May =. 1878 Is. So 1915 1915 1878 IS. 63
Auc. &C.. 80. &C.. 80. 12.57
Oct. =. 10. 90 1911 12.99 1914 10 - II. IS
Dec. =. 13.4S 13. 19.47 80 1854 1884
NEW OIL COTTON
NEW oRLESSs, Aug, 4.-Continued com
nlaints of crop deterioration, especially IN
the western belt. put the price OF cotton
21 to % points higher in the first hour OF
trading today, October rising to l2''o; Inc
market received general support and puy-
ers found only limited ST. OF con-
tracts.
By the middle of the morning offerings
increased materially, some of the cotton
coming from recent buyers, and prices eased
off somewhat. the list at IL o CLOCK SHOW
ing gains of 8 to IL points. The undertone
held steady on complaints that hot WINDS IN
western Texas were doing severe damage to
the crop. o..,.
contracts into new high ground for the
movement, met increased hedge selling, ana
there were reactions of or 10 points from
the best. The offerings were gradually aD-
sorbed by trade buying or commission mouse
demand however, and the late forenoon
market was quiet and steady, with October
ruling around 1906, or within 3 points OF
the best.
In the early afternoon unfavorable crop
accounts had their effect, in stiff rise,
which carried October up to 1216c ana Inc
trading months % to p points over the close
of Yesterday. heallZllS ny lOuSS DCNlh1'
rather general, and toward the close prices
we're about 10 points off from the top.
NEW ORLEANS COTTON
The following were the ruling prices rr
the exchange today:
Tone steady; middling, II. SSc, steady.
Last Prev.
Open. High. Low. Sale. Close. Close
ina, :. 80 IS 10 1928 1900 90 II. So
Mr.. =. 1921 1872 10. 20 1S.24 10 "A ID. 10
Nav :. 10. 40 10. 43 49, 81 10 SO 49,. 10. %
Aug. 49,. 80. 80. u. O6 80.
Oct. =. IL so IL rs r. As -. &c Il. &C II. so
Dec. r. SO 10. OS -. So 2.96 1898 -. IS
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. Spot cotton,
steady, Ii up. Sales on the spot. SS7 bales;
to arrive, ISL; low middling, 10, 49,; mid
ding, IL SO; good middling, 12.SS; receipts
2,44S stock 49,, 107.