Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-02-21
COTTON

NEW YORK, Feb. 19.-The cotton market
showed renewed strength during today s
early trading with present crop deliveries
making new high ground for the movement
on a continuation of the recent buying move
ment This was inspired by reiterated re-
ports Of more favorable trade conditions IN
Lancashire. relatively firm Liverpool cables
and a further advance sterling exchange
There was a good deal of realizing at the
oneuing ADVANCE, but it was absorbed by con-
tinued covering and trade or commission
house buying with May contracts seiilnS up
to 49, 20 and July to 11.1O, or 10 -
points ret higher. New crop positions sofa
8 to 10 points net higher with OCTOBER
touching 11.16.
The early advance was encouraged by re-
ports that exporters were buying IN the
southwest but there was a good deal OF
commission house realizing around 1920 for
Nav and II. zoe for July. These prices rep
resented advances of $11 to ST. per pale
as compared with the low figures touched
at the end of last month and the DISPOSE
ton to take profits probably Increased
by uncertainty as to the number OF notices
likely to be issued against March contracts
on Thursday. Except for proft-taklng, there
was little selling pressure and after show
ing reactions of some Is to % points the
market held quiet and steady around mid
day.
The market showed renewed firmness
during the middle of the afternoon Win ot
Nav selling up to 1922 or % points net
higher on covering and fresh buying
prompted by bullish spot advices' reports
of a good tone in the stock market 'hu
firmness in grain.
NEW YORK COTTON
The following were the ruling prices in
tho exchange today:
Tone, steady; middling, 1S.79c, quiet;
Omen. High Low. Sale Close Close
Az
May :. 1910 IS. IS Ii. 80 1917 1916 1877
July =. 17.55 HIS 17.4 II. 67 7.65 II. 40
Oct. :. 100 81 16. 96 17.16 II .16 1871
Dec. :. 6S6 10 16. So 1907 1902 1885
NEW ORLEANS COTTON
NEW ORLEANS, Feb. 2O.-Buyers were
aggressive in the cotton market today anu
they forced advances of % to 81 points IN
the first half hour of the session. The de
mand was based mainly on the turther rise
in sterling, spot sales of 2O,OOO Dales IN the
Iiyerpool market and private messages from
brokerage firms there to the effect tnat
cheaper money and a revival in export trau7
were leading to a better demand 1or COTTON
March rose to % and October to l6.oi.
After the first buying furry the market
ran into a period of heavy realizing on the
long side which carried the active positions
downward to levels points under 10 .
points over the close of last week. March
dropping to 1G.94c. For while the fact
in this market seemed to cause an unsettled
feeling, owing to uncertainty over what 10
expect in the way of tenders but at noon
the tone was steadier and prices were at
net advances of IL to 10 points, Will
March at 17.04c.
Advances in the wheat market In the
early afternoon caused a sympathetic up
turn in cotton and toward 1:30 O'Clock
prices were % to So points up net. DC
tober did not make a new high but De-
cember bulged to 1850.
NEW ORLEANS COTTON
The following we're the ruling prices LII
the exchange today:
Tone, steady; middling, 17.13c, steady.
Open. High. Low. Sale. Close. Close.
Mich, 17.15 II. % 16. 81 II OF .O7 16. 90
MAY .. I'LL IL 80 II. 90 7.16 17.14 1856
July :. 100 17.17 1851 .O3 1902 50
Oct, :. 49, 6 16. 60 1G. so 1916 1916 1882
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Feb. 2O.-Spot cotton,
steady :3S higher: sales on the spot, 1904
bales: to arrive, sol: low mddling, 15.3Sc;
middling 17.13c: good mddling, 1870. Re-
ceipts, 1854; stock. $780,
ATLANTA SPOT COTTON
Atlanta spot cotton Il . Doc
Shipments .......''.'.''.' 40 9 10L
LIVERPOOL COTTON
Tone barely steady; sales, 10000; mid
ding, IL. 13d.