Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-08-20
COTTON

NEW YORK, Aug. 19.-Liverpool did not
fully respond to yesterdays advances, but
the cotton market here showed renewed
steadiness early today on covering and trade
buying. First prices were steady at an adj
vance of / to 3 points and while there was
some scattered southern selling, active
months showed net gains of to Il
points with December selling at Is. ~. Re
ports that the war finance corporation had
made an. advance to southern bankers to aid
in financing cotton and other products 1or
export, probably had encouraging in
fluence while there also was buying on
reports of higher temperatures in the SOUTH
west.
There was no fresh news feature and the
early afternoon market was very quiet Dut
prices gradually sagged off to new low
ground for the day, selling about or
points net lower or around 1887 Tor De-
cember.
The advance to 1852 for December made a
recovery of just 81 per bale from the low
level of yesterday. The demand from shorts
seemed to have been pretty well supplied
at this level, and the market met a re-
newal Of scattering liquidation or local
pressure encouraged by the failure of de-
mand to broaden on the early rally. Trad
ing was very quiet later, but prices gradu-
ally sagged off with December selling down
to - AZ, or within a point of last nights
closing.
NEW YORK COTTON,
The following wers the prices u
. the eXcnanRe tOQdy y
Tone, steady; middling, 1Sc, quiet.
Open. High. Low. Sale. Close. Close.
Jan. :, 13.4S Il. so IS. Al 13 SO so Is .46
Mch. 1915 Is. 50 1895 1878 1872 1872
May =. 49, So 1887 3.S2 1888 $50. $50.
Oct. :. 90 10 90 1921 1903 3.O2 1898
Dec. :. 49, AZ 1882 IS. 3S 13.45 10. 43 13. Al
NEW orleans COTTON
NEW ORLEANS, Aug. 19.-Poor cables
caused a drop Of 4 to 6 points in the price
of cotton on the opening today but the con
tinued dry weather in Texas and complaints
Of further deterioration in that site soon
brought in buying on which there was an
upward reaction to levels 8 to 10 points over
the close of yesterday. October o fell of TO
II. so and then traded up to II. SO.
What looked like hedge selling came upon
the market, and in the trading up to IL
o'clock the active months were set back TO
levels 1 to points under the close of yes
te1day. December traded down to 12.s9c
At the lowest the most active mo|~.S
were s points under yesterdays prices with
October off to 12.4S, but large mill taktngs
for the week, 225,00 bales of American
by mills of the world, against $4,000 this
week last year. brought in new buying, and
late in the session the trading months were
to points higher than yesterdays close.
NEW ORLEANS COTTON
The following were the ruling prices ~
The exchange today:
Tone, steady; middlng, 12c, steady.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. :. 10 .OS 13. Is 10. 03 II 10 II 10 .O4
Mich. 13. 80 Is. 80 IL. 25 1928 1928 1928
Nav :. 13.47 10. so Is. At so 10 80 Is. So
Aug. 49,. 49,. 800. 1914 '''''
Oct. 10. so 12. SO IL. 4s Il. 60 IL. 50 1885
Dec. 1921 13. O5 1887 1901 2.99 1926
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 19.-Spot cotton
steady and unchanged. Sales on the spot
$50 bales; to arrive 80. Low middllng,
1925; middling, 1900; good middling, 1900.
REGENTS 2S15: stock 443. 76S.