Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-02-05
COTTON

NEW YORK, Feb. A sharp early ad-
vance in Liverpool led to considerable COW
ering at the opening of the cotton market
here this morning and first prices showed
advances of 4 to II points Later cables
were easier, however. while foreign exchange
was easy and the market here soon weak
ened with March selling down to 1913, or
five points net lower and into new low
ground for the season. May eased OF from
1870 to 1880 and July from l4O' TO 1890
under renewed pressure of wall street ana
southern selling. Private cables attrlpu!eu
the early advance in Liverpool to the dis
continuance of the excess profit tax by the
British government but said the advance
had met Manchester ana AmerlSan setns
Both foreign and domestic trade interests
were reported buyers on the early decllne'
while there was A good deal OF covering
and prices rallied later in the morning Win
March selling up from sly to Sonero TT ist
ruling about % to 50 points net hlgher.
Trading became quiet after the ADVANCE &C.
but prices held within or points OF tne
best around midday. Manchester caDieS re-
ported yarns and cloths very weak oales
of print cloths in the Fall River MARKER Red
for the week were estimated at 9o'ooo
pieces. ,,,, ou, II o.
for Nav. or about 80 to 43 points net higher
the market turned a shade easier during tns
middle of afternoon under reallIlns AN. anu
there we're reactions of to lO points lroiii
'ne pest NEW YORK COTTON
The following were the ruling prices I'd
The exchange today ~
Open, High Low. Sale. Close. Close
Tan .... ..... Il. 80 49,.
Mich. ..13. % 1s57 1910 1910 $40 1918
Nav IL. 20 13. 95 Is. so 10. 81 13. so 13. 80
July III. O5. II. SO 13. 80 14.20 20 1898
Oct. III 20 IA 81 14.oO 14.5S 4.52 14.22
Dec. IN so IA. es 1850 .6s IA .6s 14.4O
NEW ORLEANS COTTON
NEW ORLEANS, Feb. 4.-Covering OF the
short interest because Of better cables imam
due caused rise of II TO IA points III me
first half hour of business In me COTTON
market today, March rising to 129I ana
July to 1917. The market was further
steadied by claims from the eastern belt OF
unusually little progress toward pltchlhs
the new crop. -.
Renorts of a slightly better demand for
spots and private messages from Englann,
telling of the removal of excess prom
taxes which. it was claimed was .r very
favorable development for the cotton trade
increased the demand for contracts; IN
the trading up to IL O'Clock the advance
was wdened to 81 to 3s points, March
The large mill takings carried prices to
new high levels, where they stood IL 10 -
ponts over the finals of yesterday, iTllh
March up to 13.24c. Hester made takln@s
$50 OOO bales against 3O4. 900 this week last
year and a29 O00 this week two years ago.
Expectation swere for much smaller total.
NEW ORLEANS COTTON
The following were the ruling prices IN
tic exchange today:
Tone, steady; middlng 13. 25c. steady.
Open. High. Low. Sale Close. Close.
Mch. ...1295 10. % 1874 III 1917 12. 50
May ...1317 1885 1907 1910 1S. SO 1906
July ...1s47 10 so 1886 SO 3.65 13.32
Oct. lib 5 14.1O 10. So .O5 81 1885,
Dec. ...-.3,. go. -. ''... l4.oo '-'-'
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Feb. 4.-Spot cotton.
steady ard unchanged. sales on the so1t.
80 bales: TO arrive, 400. Low middling,
S.T5c; middling. 13.25c; good middling, 16c.
Receipts, 4,4jS; stock, 421,5lS.
SPOT COTTON MARKET
Atlanta, steady, 1860.
New York, quiet, 1850.
New Orleans steady, 13.25c.
Philadelphia, steady, 14.1Oc.
Norfolk, steady, 13c.
Savannah, steady, lac
st. Louis, steady, 14.50c.
Houston, steady, 10. SOC.
Memphis, steady, lac,
Augusta, steady, 13c.
Little Rock, steady, 1871
Dallas, steady, 12c.
Mobile, steady, 13c.
Charleston, steady, 15c.
Wilmington. steady, 12.75c.
Boston, steady, II. 15c.
Galveston, steady, 13 .10c.
Montgomery, steady, II. SOC.
ATLANTA SPOT COTTON
IL
Receipts -. -. -. -. .......... 351
Shipments -. -. -. .... ...... S97
Stocks .... 49,. ................29 sol
AMERICAN EXCHANGE QUOTATIONS
The following were the opening, highest,
lowest close and nrcYious close untatinna