Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-17
COTTON

NEW YORK, Aug. 16.-Continued crop
complaints, combined with the more fayora-
BILE vie wof the coal situation and reports
of an improving goods demand in MancheS-
ter, led to further covering or scattered buy
ing in the cotton market here early today.
Liverpool cables were lower than due. but
the opening here was to IL points higher,
and active months sold IL to % points above
yesterdays closing after the call, with De-
cember at 20. 78c, showing recovery of G6
points from the low price of Yesterday.
There was scattered realizing and little
southern selling on the above, but New Or
leans was a buyer an dspOt people were
credited with buying near months.
The early buying movement continued
with December contracts selling up to 20.9S
with active months generally showing net
advances of about 80 to 80 points and
recovery of some so to 81 points from the
low prices of yesterday. The weekly re-
port of the weather bureau made buhish
showing but seemed to have been pretty
well discounted and prices eased Off rev
points after its publication under realizing.
The census report showing domestic mill
consumption of 45S,54S against 41O,142 for
July last year attracted no special COM
ment.
There was enough realizing to send De-
cember off to 2O6 during the early after
noon, or within Z points of Yesterdays
close but continued crop complaints gave the
market steady undertone and active
months were 20 to % points net higher
around 2 o'clock.
NEW YORK COTTON
The following wefe the ruling prices ID
the exchange today:
Tone, barely steady; middling, 2O.95c;
quiet.
Opep. High. Low. Sale. Close. Close
Jan. 20. SO 20. 81 20. 43 20. 60 20.60 20. Al
March 20. so 20 50 20. Al 90. 50 2O.G2 20. so
May 20 So 20. 20 20. 50 2O.60 20. SO 20. 80
July ..... ''''.. 49,. <o'<@
Oct. 20. GA 20. 90 20. 81 20. II 2O.70 20. Sc
Dec. 20. 60 20. 9S 20. sc 2O.74 2o.72 20. go
NEW ORLEANS COTTON
NEW ORLEANS, La. Aug. 16-The bet
ter turn taken by the coal labor troubles
together with the lack Of any rain of conse-
uuence in the western division of the belt
and too much rain in the central and eastern
divisions, put prices strongly higher IN tne
cotton market today. In the flrst hour o!
trading there was a rise of Y to 81 points,
carrying October up to 20.42c.
The July consumption figures from me
census bureau of 45S,5S4 bales were not
considered favorable, but they were more
than offset by the bullish construction
placed the weekly reports on the crop ny
the government, most traders ana prohers
claimin; that they indicated more severe
crop deterioration than eXpected. line au-
vance was widened to 40 to 40 points, DC
tober rising to 20.5Gc but heavy reahzlng
came from the long side at this level ana
continued for some time. Under 1t prices
fell until they were unchanged to three
points up, compared with yesterdays close:
market was much steadier with October
back up to 20.32c.
NEW ORLEANS COTTON
The following were the ruling prices IN
the exchange today:
Tone, steady; middling 21c quiet
Open. High. Low. Sale. Close. Close.
Jan. 20. % 20. 43 20. O3 2O.27 20.27 20.03
March 20. % 20. % 20. II 20. % 2O.25 1897
Oct. 20. So 2O.56 .12 20. SO 2O.55 POLL
Dec 20. % 20. so &c. II 20. 3S 20. SO 1000
ATLANTA SPOT COTTON
Atlanta spot cotton ......... ....... ZO.9Oc
poco;nts NNN., 49,
Sb;nmants ,,,, "a
STOCK ''.''''''-' '''''''' WV
ATLANTA CoTToNsEED PRODUCTS
MARKET
corrected by Atlanta Commercial Exchangei
Crude oil, basis prime tank rs $50 .....
Cottonseed cake. per cent
G. s.. meal. per cent am
monia, car lots ........... 42uu 4o.W'
G. S. meal, Ga. common rate
points, car lots ........... 4I.Uu 4SM
G. S. hulls, loose, car lots. is.50 IS.So
C. s. hulls. sacked, car lots. 2loo 22.Vo
. Linters. first cut, 4@6c.
Linters, second cut (cottonseed hull fiber
or shavings), III 6l2kc.