Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-09-15
COTTON

NEW YORK, Sept. LITTLE cotton
market was extremely active and irregular
at the opening today, initial prices being
points higher 10 81 points lower, but prices
soon firmed up on the relatively firm
cables and a continued bullish average Of
southern spot and crop advices. Expecta-
tons of bullish weekly report from the
weather bureau at midday probably pro-
NOTED the buying, which carried December
up from zoe to 20.42c and January from
19.S2c to $40. 19c, or about 25 to so points
net higher. There was trade buying and
fresh commission house buying on this adj
vance, but the south was a considerable
seller here and prices sold off several points
before the end of the first hour. Liverpool
attributed the advance there to covering on
continued roor crop accounts and an i'm
proved trade demand.
Before midday active months sold q to
so points net higher, with December touch
ing 2O.49c and January 20.23c on continued
trade and commission house buying. There
was increased realizing at these figures, and
the market broke after the publication of
the weekly weather report. which contained
many bullish features, but said that rains
had revived top crop prospects in some parts
of Texas. Decemberl broke TO 10000, or
about so points from the BEST and points
lower.
The midday breaq to 19.s7 for December
was followed by rallies during the early
afternoon, the market being steady shortly
after O'Clock with December ruling around
20.35. The general list w>s II to 40 points
net higher, near months being relatively
firm.
NEW YORK COTTON
The following wers rh- nrtces II
The exchange TODAY
Tone, easy; middling, 90, o0c, Quiet.
Open. High. Low. Sale. Close. Close
Jan. ...19.s5 20. % 1910 9.s5 1885 9.S3
Mch. ...19. 81 20.15 10. So 1918 1915 SO
May ...19. So 20. 90 10. AS 1885 1885 10. As
July ...19.10 10. so 10. OS $3.50 20 10 II
Oct. ..19.95 1925 1910 1921 1890 .9s
Dec. zoos 2O.49 1887 POLL 2O.10 POOP
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 14-Better cables
than due, bullish expectations concerning
the weekly crop reports from official
sources, and belief in at least fairly large
American consumption figures for August
put the price of cotton higher today. Dur
ing the first hour of the session the active
months were sent 80 to AZ points over the
final prices of yesterday, October rising to
20 cents a pound.
American consumption of 461, lob bales
during August against 410,1 during July,
according to the census bureau was consld-
cred a more bullish showing than expected
and prices were advanced to levels 46 to
So points over the final quotations of yester-
day. The weekly crop reports, which while
considered unfavorable, were called not as
unfayora BILE as expected, especially in Texas,
and the market fell off sharply, landing to-
ward IL O'Clock 10 to is points under yes
terday's close. October sold as high as
20. 0S and reacted to 10 40.
Accounts of a better spot demand stlt-
fened the market again and caused recov-
cries of about 80 points from the lowest
levels Toward the close more realizing by
longs set in and net gains were reduced to
about ten points.
NEW ORLEANS COTTON
The following the ruling prices IL
the exchange today:
Tone barely steady; middling, l9.Ioc'
steady.
Open. High. Low. Sale Close. CloHe
ban. 10. 81 20. OS 10. 80 10. 81 1851 1857
Mch. ...19. 50 10. s5 1924 Is. Al 1917 1885
Nav 10. 40 30 10. 90 9.22 1920 1912
Oct. ...19.75 zoos $40 9.62 1882 1885
Dec. ...19sO 2o.2S 1874 1880 1880 1912
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. 14.-Spot cot
ton firm, quotations revised, 25c higher;
sales on the spot, 6,03S bales; to arrive, |
619. Low middling, 17.75; middling, 1919;
good middling, 20.75; receipts, 3,292; stock,
4O1 1856.