Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-02-25
COTTON

NEW YORK, Feb. 24.-There was re-
newed realizing at the opening Of the cot
ton market today and first prices were
to points lower, with active months soon
showing net losses of TO ii points. Bro
kers with Wall street connections were
among the more prominent sellers presum-
ably to take profits on recent purchases
while II ere was also scattered selling for
a reaction Trade interests and commission
houses were buyers at the decline however
owing to relatively steady cables, contln-
uation of the more favorable news from
Manchester and reports of decidedly pet
ter demand for cotton goods i'll Fall River
and the local market. March was rela.
lively easy owing to the circulation OF
few additional notices, cut solo up rom tronl
1882 to 1895, or a shade above last night
closing. ,u
hare on the early rally, and there was
considerable trade buying, but realizing con
tinued and the market turned easier OWING
to the easy tone of the late Lverpoo! capLes
the reactionary ruling OF the gram n,, mar
ket and easier tone of foreign exchange.
A few stop orders were uncovered as the
market eased off to 1I.7O for May ana 1'.o.
for July or about 20 to y , points nus. net lei
lower. New Orleans was seller mere on
the decline. but good part OF the pressure
was attributed to Wall street and scatter
ing commission house liquidation:
III
after the midday break and prices steadied
during the afternoon on covering by early
sellers on reports Of a good spot demand
In some of the southern markets: May
rallied to ISL, or about 10 points from
the lowest, and within II points Of last
nights closing quotations.
NEW YORK COTTON
The following were the ruling prices Ii
Tone steady: middling, 1850. quiet.
Open. High. Low. Sale Close Close
Mich, 1915 1924 1897 1910 1917 1s.2
Nav >. 1870 17.95 1877 1877 1877 1892
July >. 1924 1913 1905 1923 1923 II 80
Oct. :. IS. 60 16. so 1910 1857 1886 1850
Dec. :. 1912 40 1928 1885 1850 1914
NEW ORLEANS COTTON
NEW ORLEANS. Feb. 24.-Price changes
were narrow in the early trading III COT
ton today, the leading influences ABOUT Dal,
ancing. Cables were better than Gu que o ais
: Afterwards the market sagged, apparently
the weekly statement on statistics. halhs
in Texas caused moderate selling. AT lhe
end of the first half hour OF trauans U.s. Ios.
were 3 to S points under the close or yes
terday, March first traded up to 1874,
and then sank to 1854.
Weekend liquidation came upon the mar
ket and it did not take the offerings well.
In +Ie trading up to noon the active posi-
fbo
lions were sent % to p points uhoer tne
final prices of yesterday to 1867 Tor Marcn:
In the afternoon the tone became hucn
steadier on messages from the extreme
northwestern section Of the belt that rams
had not been sufficient to break the droutn.
At 1880 o'clock March stood at 1919, with
the list at net losses of to u points.
NEW ORLEANS COTTON
The following the ruling p.iees
the exchange today:
Tone, steady; middling, 17.13c, steady.
' Last rrev.
Open. High. Low. Sale. Close Close.
Mich. 1894 16. "a 16. 60 1878 1854 SO
Nav 16. 90 16. % 1G. So 6.s5 1858 1888
lJuly 16. 60 16. 70 16. 40 16. 90 1854 1857
Oct. >. 10. 9S Is so 1912 1890 1890 1897
Dec. :. 5.62 go 1851 1850 15.6s 1910
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Feb. 24.-Spot cotton,
steady and unchanged. Sales on the spot,
1,4O9 bales; to arrive, 633: Low midd6ing'
1888: middling, 17.13; good middling, 1913.
Receints g $50: stock, 2S4 ,222.