Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-01-29
COTTON


was lower during today's early trading The
relatively weak ruling OF Liverpool was
donubtless disappointment to some OF yes
terday's buyers who had been influences
by the reports of a better business in Man
chester. The easier opening OF foreign.
exchange was also factor while reports
OF a less active domestic goods demand prob,
ably accounted for some of the early press
ure. Initial offerings were fairly well abb
sorbed at an opening decline OF Is to z,
points but there was spot house selling AS
well as scattering liquidation and the mar
ket soon turned easier with March selling
off to 14.37 and July to IA .95 or 30 to- 30
points below last nights closing figures. Pr !
vate cables from Liverpool reported rufnorst
that mills at Blackburn, Lanea SHIRE. nad
closed indefinitely and other cables reported
Manchester selling with no spot demand.es
There was enough covering to cause
slight rallies during the middle OF the morn
ing but otherwise the market showed I1ttles
buying power. and there was renewal of
March liquidation toward midday. Ihat
delivery sold off to 1926, or 46 points net.
lower while later months showed net losses
Of 35 to 80 points with July selling at.
1906. There was no fresh news motor
and the trading was the selling OF March
which evidently reflected apprehenslons tnat
cotton taken UP on January would he-re-,
rendered.
The feature during the early afternoon was
the continued widening of differences De
tween months owing to selling OF Maf s.n
months March sold around 14.47, or about
Ok noints NET lower, about July sold up to
10 20 or within points of last nights CLOS
ing quotations.
NEW YORK COTTON
The following were the ruling prices in
=" Tone gs.Hau very Steady; middling. 14.75c
quiet.
Open. High Low. Sale. Close. Close.
Mch IA. so IA 81 4.26 4.4S IA. 4s 14.72
May IA. 80 IA. 95 IA. 90 IA. Sc IA. Sc IA 81
July ...15. OF Is. 80 1870 1920 1920 1925
Oct. ...15.s5 1888 1920 1858 1852 15.4s,
Dec ...15.41 1886 1870 1855 Is. 81 .5S
NEW ORLEANS COTTON > ., ]
NEW ORLEANS, Jan. 2s.-Reports of
duieter demand for cotton goods in the I
wholesale markets of the country and the
ioor showing made by Liverpool stimulated
a considerable volume of selling on the open
ing of the cotton market today in the first
half hour of business prices lost Il to u
points and March fell off to ID .94.
Private cablegrams from England, claim
ing that some mills were closing down for
indefinite periods. had unfavorable eff
feet and the decline was widened, IN the
trading up to IL o'clock, to % to "a points
March sold as low as 1892 fair demand
for May was in evidence for a while, ap-
parently coming from spot interests. sput
ring traders supplied the contracts. sss.i
REPORTS from Paris concerning the prog
ress of international negotiations We're in,
ter-npted in a favorable way and at ~
o'clock prices were 10 to ~ points unuer
yesterdays close.
NEW ORLEANS COTTON 6lszl..
Tile following were the ruling prices In
,ise exchange today:
Tone, steady; midding, 14.25c, steady.
Open. High. Low. Sale. Close. Close.
uch. ..14.O7 1423 1892 / APO 20 14.26
Nay IA 20 IA IA Il. IL "A. 40 "A 40 IA. 45
July ...14.55 AIS LAO 14.72 4.70 14.72
Oct. lab 9s IA. SO 14.9s 14.90 IA. 95
Dec. ...... 49,. -. -. 14.ss 1893
NEW ORLEANS SPOT COTTON
NEW ORLEANS. Jan. 2s.-Spot cotton,
steady and unchanged. Sales on the spot,
"A bales: to arrive. 400. Low middling
a.75c: middling, 14.25c; good middiing
I7.00c; receipts, 3.775: stock, 449, S23.
SPOT COTTON MARKET . -
Atlanta, steady, 1860.
New York, quiet, IA. 75c
New Orleans, steady, 14.25c.
Philadelphia, steady, 15c. --,s--S.
Norfolk, steady, lac.
Savannah, steady, 15c. ssr,si
ST. Louis, steady, 14,5Oc. = -
Houston, steady, 13.25c. -a..,r
Memphis, steady, 14.50c.
Augusta, steady, lac.
Little Rock, steady, A.50c. --sr-a
Dallas, steady, 13c. .ssgss
Mobile, steady, lac. $50
charleston, steady, 16c.
Wilmington, steady, 1880. t
-z-4-
Boston, steady, 15.50c. $3.50
Galveston, steady, 1890.
Montgomery, steady, 1860. s-.ss..
ATLANTA SPOT COTTON -
Atlanta spot cotton -. -. ....... 10 .a0e
Receipts 49,. ....... ....... ..... .%IQ9r
Shipments ...... -. -. ......... e24is
Stocks ... 800. ..... $50. .32sf96
AMERICAN EXCHANGE QUOTATIONS Z.
The Following were the opening. highest
lowest, close and previous close quotations
N the American Cotton and Grain Exchange