Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-09-01
COTTON

COi ION
NEW YORK, Aug. 31.-There was SEN
sationally sudden and violent break in the
cotton market during today's early trading.
Liverpool made a relatively firm showing
at the start But did not fully maintain its
advances, and after opening steady at I'M
changed prices to decline Of ID points the
market here was overwhelmed by selling or
ders from all directions. Inside Of 10 min
utes the price of January was forced down
To 1890 or a full cent from last nights
closing, while other months showed losses
ranging from 20 to 50 points with December
selling at 16. 90. For the moment the mar
ket seemed to be almost demoralized, break
ing rapidly through selling limits, but after
the more urgent liquidation had been aD-
sorbed showed the presence Of considerable
buying power as there were QUICK railles Oh
so or 60 points. No special change IN gen
eral conditions or fresh news feature WAS
connected with the decline by local brokers',
who attributed it chiefly to weak teen
meal position after two weeks OF rapiuiF
advancing prices. ..t v;,,s
are to start full time on Thursday OWING
to increased demand for print cloths at
higher prices, caused slight ralies turing
tha early afternoon. They met renewed
pressure. however, and the market Was SOL -
around 2 o'clock with December selling at
1917 and January 1915, or 70 to 20 points
net lower. 90 .,o;n+s
from the lowest for January, the Market
became much less active. The rally met
renewed liquidation, however, and fluctua-
tions were irregular enough to indicate con
tinued nervousness late in the morning.
BOD yarix q
renorts was the most bullish, placing the
condition at only 46, or y points lower tnan
the report issued earlier in the morning,
but had no apparent point erect on tne
market Nor was there much comment on
the weekly report of sthe weather bureau
and the trade seemed to be chiefly inter-
ested in the technical position OF futures
or to be waiting for developments IN the
good and spot markets.
NEW YORK COTTON
The following wers the prices Ii
HE exchange today.
Tone. steady; middling, 16.05c, quiet:
Last Prev.
Open. High. Low. Sale; Close: Close;
Ian. :, Is So 16. 80 1890 1927 1920 1870
Mich. 17.o0 90 $50 80 16. As 17.0s
MAY :. II .06 .O6 1920 16.51 1873 Ills
July =. II. O5 II. OF 1857 1850 16. 40 17.2O
Oct. 16. so 16. go 1910 1906 1905 1857
Dec. =. 16. SIS 1890 1000 16. "a 1858 1853
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 31.-Although. the
cotton market was 10 to 10 points higher
than yesterdays close during the flrst can
today on the most active months, it soon
felt exceedingly heavy llquldatlon OF tue
long interest and broke violently, tne tfaa-
ing months falling to levels ~ TO oO points
untler the close of yesterday before the Ilrst
hour of the session was over. October rose
to 624 and then fell off to lo.oo. FOE
while the selling was general. .c
private bureau CONDITION report ol ~
ner cent of normal, the lowest estimate yet
made checked the downward movement, anu
enough new buying developed to BRING ABOUT
partial reeoveries. At IL o'clock OCTOBER
was at 15.IOc with the llst at net losSes VI
40 to 40 points.
The fluctuations around the middle OF !he
day and the early afternoon consisted OF
series of small declines and advances none
of which was emphasized. Toward the close
the market showed net losses of 4S to 90
points.
NEW ORLEANS COTTON
The following were the ruling prices IL
the exchange today:
Zone, steady; middling, 15.25c, steady:
Open High. Low. Sale. Close: Close
Jan. :. SO 1888 1867 1871 1890 1871
Mich. IS SO 1856 1915 1907 1906 1855
MAY >. 1915 1915 $50 1915 1915 16.6S
Sept. 49,. $50. 49,. 1o'oo $500
Oct. :. 1915 1925 $50 1856 1856 1910
Dec. =. 16. 90 1850 Is 81 1857 1886 1914
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 31.-Spot cotton,
steady. IS lower; sales on the spot, 1,139
bales: to arrive, 760; low middling, 1871;
uiddling IS 25; good middlinf, 1873; re-
ceipts, 1892; stock, HO,o30.
SPOT COTTON MARKET
Atlanta, steady, 1o.lOc
New York, quiet, 16.o5c.
New Orleans, steady, 15.25c.
Philadelphia, steady, 1890.
Norfolk, steady, 15c.
Savannah, steady, 15.5Oc.
st. Louis, steady, 14.75c
Houston, steady, 16c.
Memphis, steady, 14.75c.
Augusta, steady, 15.9Oc.
Little Rock, steady, 14.25c.
Dallas, steady, 15c.
Charleston, nominal.
Wilmington, steady, 14.75c.
Boston, steady, 1880.
Galveston steady, 15.75c.
Montgomery, steady, 14.75c5.
Mobile, steady, 14.50c
ATLANTA SPOT COTTON
Atlanta spot cotton .'..'' to'Ivc
Receipts '''' '''' '''' '''' 49, q Coo
Shipments .... 1'V93
STOCK go. go. 80. ..:' 800 ''''A''Aoo
LIVERPOOL COTTON
Tone, irregular; sales, $4,000; good mid
ding, IL. 45d.
Opening. Close. Close.
Jan. zee. 80. So. 1912 1914 SO
Feb. 49,. .... &c.. 1912 1912 1886