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

NEW YORK. Aug. 1S.There was re.
newal of yesterdays OIy'n5 movement i'll
the cotton market this morning end fur
ther excited advance In prices. BGllish
views were evidently stimulated by the
continued firInress of Liverpool. improving
domestic labor conditions and continue
tion Of unfavorable weather in the south.
There was good cea Of realizing OIL the
opening advance Of 90 to 40 points but it
was absorbed on very slight reactions and
the market was very firm during the early
trading a broadening OF trade ard gent
eral demand. December contracts sold up
to 22.2O with the general list showing net
advances OF 40 to so points before the end
of the first hour.
After selling up to % &c for December.
or so points net higher, the market reacted
under heavier realizing and there was prob
ably some selling for reaction on be-
lief that the advance had been over rapid.
December eased off to 21.97c under these
offerings about 20 points from the best.
but trading became comparatively quiet at
the decline and the midday market was
teadysaroTnd the 22-cent level. No change
was reported In southern weather condi-
tions and deterioration reports continued t"
reach here~frOm the belt.
NEW YORK COTTON
The following we've the ruling prices Ii
the exchange today:
= Tone, barely steady; middling, 2f9Oc.
Last Prev.
Oper. High. Low. Sale. Close. Gloss
Jan. ...21. 90 90 .O5 21.40 81. 10 81 40 81. 90
Mch. ..21 90 % .O5 21.47 As 21.4s 81.
May ..<o1. so 30 90 81 40 90. 40 81. 40 81 90
July =. .... $50. 49,. ..... $50. 21.42
Oct. % 90 % % 81 81 81 sc 81. 81 81. 10
Dec. ...22 o5 % % 81 81 81. CO 81 SO 21.72
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 1S.-Much higher
cables than due, continued dry weather in
the western belt and further rains in the
eastern belt put the price of cotton to
higher levels today. In the first hour OF
the session the trading positions gained As
to 81 points. October rising TO Piss.
consderabe a'h iqudation P by traders on the
long side who wanted their profits and n
rather general tendency developed to wait
on rail strike events. Prices reacted under
tile increased offerings and at II O'Clock
the list showed net gains of but 2G to 81
points with October at 1.GO.
RAINY or threatening weather at n few
points in the west and reports to brokers
here indica ting that interior spot markets
were quiet had the effect of increasing the
selling and in the trading up to 1880
o'clock October sagsed to H.f3c, where the
list stood only 3 to Il points over yester-
days close, October displaying the most
resistance to the decline.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, barely steady; middling, 21.5Oc.
Open. High. Low. Sale. Close. Close.
Jan. .21.55 21.77 81. 10 1.15 81. Is 81 I'D
Mich. ..o14O 81. IS 81 .07 II. OF 81 .05 PLY
May 20. 90 21.14 90. 90 ..... 2O:90 81. O3
Oct. ...21. so 81. S5 81. % 81. % 81 .25 21.2S
Dec. 165 21.S5 21.2O 81. 90 81 1.2s
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 19.-Spot cotton,
steady; % points higher; sales on the spot,
2S5 bales; to arrive, none; low middling,
20.25c middling, 21.50c; good middlipg,
% soc; receipts, 80; stock, "a, 52O.
- ATLANTA SPOT COTTON
Atlanta spot cotton G.75c
Receipts ,..................... 10
e shipments O'O
Stock ................ ............''' ,o-U
LIVERPOOL COTTON
Tone, steady; sales 5000; good middling,
13.5Qd.