Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-26
COTTON

NEW YORK, Aug. 25.-The cotton market
opened steady at an advance of points on
July, but generally to points under
further scattering liquidation and selling for
New Orleans and other southern accounts.
Prospects for cooler weather in the west and
private reports of showers at couple OF
points in Oklahoma promoted the opening
decline, but Liverpool was shade better
than due and there was considerable cover
ing for over the weekend. AS result De-
cember rallied from 22.35c to 22.50c aftec
the call, but the southern selling continued
and the advance was not fully maintainew.
tieneral business quiet, with traders
evidently waiting for more detailed reports
Of weather conditions In the southwest.
The report of New Orleans authority
making the condition of the crop 81 and the
Indicated yield 100000 bales failed TO
stimulate much fresh buying, and after
selling at 90 SIC for December, or about 8
points net higher the market eased later
In the morning. Another private report,
making the condition 61.9 and the indicated
crop 1,472, 900 bales, probably contributed
TO the decline, which carried December OF
to 22.21c shortly after midday, or y points
net lower. and into new low ground for the
There was covering during the early after
,oon on bullfsh crop reports from the SOUTH
west and prices rallied 10 or 10 points with
December ruling around 22.32 at 2 O'Clock.
NEW YORK COTTON
The following were the ruling prices In
the exchange to-day:
Tone, weak; middling, 222oc, quiet.
Last Prev.
Open. High. Low. Sale. Close. Close
Jan, :. %. 10 % So 81. 94 81. 95 p. "a %. 20
Mch. q. "a %. 3S %. 05 2.05 2.05 1927
May :. %. 10 %. 20 21.90 21.9S 21.90 22.1S
July .. 49,. 49,. 49,. ..... I.S4
Oct. :. %. "a % so 81. 95 81. 95 81 .95 %. Al
Dec. :. % 35 %. so 90 22.1O 22.Os %. As
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 25.-Poor cables
and unfayorable German news caused recess
sons of to II points in the price of cot
ION in the early trading today, but as the
market fell it met private bureau condi-
ton report of 81 per cent of normal. indi-
eating q crop of but 10.600,0 900 bales. This
stiffened values, causing a rise to levels
TO points higher than yesterdays close.
s After trading down to 21.SSc, october rose
to 22.0 The tone was steady at the END
Of the first hour Of business, with prices
A Condition report Of 619, indicating
,rop of 11,472, 900 bales, was regarded as
fairly favorable, compared with some recent
reports and enough selling developed to put
Brices to net declines of IA to % points,
October falling off to 21.74. At IL O'Clock
the tone was steadier with October at 81 80.
Foreign news was regarded unfaVoraoiy
ind the report was received rver private
wires that the rail strike conference mad
tailed to produce results. At 1890 O'Clock
prices were 16 to 80 points under the final
quotations of yesterday with October OF to
NEW ORLEANS COTTON
The following were the ruling prices IN
the exchange today:
Tone, easy; middling, 22c quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
Ian. :. 21.so 81 30 21.52 21.52 21.5a 21.ss
.Ich. 21.75 81 SO so 80 21.53 81.
lay :. 81. 68 81 .6S 81. 4s -. 81. 4s pip
oct. :. 30 %. O4 81 go 81 81 81. 81 %. OF
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Aug. 25.-Spot cotton,
auiet 3s lower; sales on the spot, 25O; to
irrive, 200; low middling, 20.75; middling.
200; good middling, 300; receipts, l.
I4l; stock, 1926.
ATLANTA SPOT COTTON
atlanta spot cotton ........ 22.00c
receipts ..'.'s..'.. ITO
shipments 453
SHOCKS y, go
LIVERPOOL COTTON
Tone, quiet; sales, 1000; good middling,
~ SD.