Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-29
COTTON

NEW YORK, Aug. 2S.--While Liverpool
was slightly better than due, the cotton
market here opened at decline of 1 to 8
points today owing to increasing nervousness
over the fuel and transportation outlook.
December contracts sold off to q. 92c on the
call, or IL points net lower, but there was
buying on continued bullish crop advices,
and prices soon steadie6 up to %. 04c for
that position. or back to about Saturdays
quotations. There were four private crop
reports issued before the opening. showing
condition figures ranging from oS:I 90 70 o OF
and crop indications ranging from IL .O5O,000
to 11.130,000 bales, compared with the
official end-July indication of II, 449,0O0
bales. Private cables reported scattering
liquidation in Liverpool, with selling other
wise checked by bull crop advices;
Some trade buying was reported on the
early decline and after the initial ofter-
ings had been absorbed, the market be,
came firmer on covering. ! The continued
bullish character of crop advices and low
private condition reports seemed to be Drlng-
ing in some buying, while there was also
buying on the failure Of the weather map
to show expected rains ID the southwest.
December sold up to 22.4Q or about 30 to
SO points net higher, but general business
continued quiet and prices were seyeraI
points off from the best around midday as
q result of realizing.
The market was very quiet during the
aerly afternoon but ruled generally steady
points net higher.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 255c, steady.
opep. High. Low. Sale. Close Close
Jan. ...21. SO %. 20 81 SO %. % q. % q. 20
Mich. ...21 Oh % 80 81 .9s %. 27 22.27 81. 95
May ...2191 % % 81 30 2.27 22.27 81. 95
July ..22. 90 %. 90 90 800. %. 90 21.S2
Oct. ..21.s4 %. 80 1874 % % % 81. 93
Dec. ...21.9 % .4s 21.o2 80 2.3s 22.ot
NEW ORLEANS COTTON
NEW ORLEANS. La, Aug. 2S.-Scattered
selling soon after the openir~ today put the
price of cotton to points under the close
of last week, but low private bureau reports
condition and the continued drought IN
Texas and reports on Oklahoma had slim
ulating effect. causing strong rally' SO
that at the end of the first hour of the
session prices were 10 to 80 points higher
than last weeks final. After trading as
low as 21.43c, October rose to u SOC
were issued one of go indicating crop
of 11,130000 bales, while four otners
ranged from SIS to $50, indicating .yleids
Of from 1925, 900 up to 1,O90ooo oaies.
The first report had little effect on prices
but the others caused much buying ana
widened the net advance of SO to so points,
varying October up to p cents a pouno;
Realizing by longs checked the upward
tober standing at 21.S6 at IL o'clock.
Fluctuations became much narrower The
market was sustained by expectations OF
low condition figure in the report pending
from the government. At 1890 O'Clock DC
tober stood at 12.S7c.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 2l.Ioc' Qulei;
Open High. Low. Sale. Close. Close
3sn. .21 "A 81. ST 81 "A 81. 81 81. So p At
yfch. ...2145 81. S5 81 As 81. 83 .83 21.4S
May ...21. SO 21.75 81 30 1.75 21.74 81 OIL
Oct .21. "a %. 90 81. 43 40 .sS $50
Dec. ...21 4s 81 .95 81 AT 81. 95 21.9O 1.55
ATLANTA SPOT COTTON
Atlanta spot cotton ........' Z2'zSe
Receipts ...'.'".'.'' ''''.'- 90 20
Shipments ''''''''''''
Stocks ....'.'' '''''''''' "'oA-
LIVERPOOL COTTON
Tone quiet; sales, 5000; good middl1ng'
13.7Sd. ,