Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-02-23
COTTON

NEW YORK. Feb 21.-The cotton market
opened barely steady at decline of II
to % points and sold about % to "a points
net lower right after the call, with May
easing off Ito 1856 and July to 1874 There
was heavy realizing or liquidation, owing
to the easier Liverpool cables and re-
ports that more notices than expected had
been issued in the New Orleans market.
Houses with Liverpool and Japanese connec-
lions were sellers here, and New Orleans
also SOLD by balance, but the market met
considerable support at the reaction anu
soon showed rallies of or q points from
the lowest. There was n feeling that the
notices issued in New Orleans might fore
shadow heavy notices here on Thursday, put
the premium on March was maintained III
the local market and had sustaining in
fluence on the general list. Private cables
said demand seemed satisfied for the mo-
ment in Liverpool, but that Manchester
showed good tone and was dong 1alr
business VIA The Far East.
REPORTS that the March notices in New
Orleans were being promptly stopped heIped
the tone of the local market and about
half of the early losses were recovered with
. May selling up to 1903 and July to TO-,
or within u to IA points of yesterday
closing. Trading then became quiet ana
later fluctuations were irregular, but the
tone of the market was steady ana prices
were within or points of the best shortly
after midday.
Rumors that the cotton taken UP on March
contracts i'll New Orleans would be shipped
here for delivery and the easier tone OF the
wheat market led to increased RELAXING OF
liquidation early in the afternoon. May sofa
off to II 90 about ID points from me ne
best with active months ruling Il 10 o.
points net lower around = O'Clock.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 1S.ooc, quiet:
Open. High. Low. Sale Close Close
Mich. IS IS IS 1914 1924 1924 1S.4
May :. 1876 1903 17.S5 1874 1870 1916
July .. As 7.52 1874 II. A 17.41 1850
Oct. :. 1876 1877 1919 1851 1880 17.16
Dec. .. 1918 16. so 1G. 65 1860 $50. 1902
NEW ORLEANS COTTON
NEW ORLEANS, Fell. 21.-The issuance
of March notices calling for the delivery
ON contract of about II, 800 bales, was the
main influence in the cotton nl4rt tsod; ~,
it depressed prices 81 to 81 points, March
falling to 1915 and October to 1918. Inc
actions of the market indicated that most
traders were hardly prepareu Ioh 'n'''
amount of tenders.
AS the March notices were stopped me
market commenced to RECOVER from lts ue-
cline and around the middle OF the morning
nrices were only 6 to u points under the
close of yesterday, March getting back TO
17O1. The storm area nearing the pert
from the west caused fresh selling espe.
cially after Oklahoma commenced TO report
rain sit looked as if the chances were
r racm for the breakeing of the drouth which
has prevailed for so long in portions OF
Texas and Oklahoma. At noon Prices pr IS s Wefe
No very wide changes took place in
the afternoon. and at 1:3O o'clock the
trading months were at net decline sol
II to 26 points. Business was restrlcIeu
by the holiday tomorrow.
NEW ORLEANS COTTON
The following were the ruling p.ices
the exchange today:
Tone, steady; middllng' lIc' steau!.
Open. High. Low. Sale. Close. Close.
Mich. 90 II OF 1915 1888 1855 17'of
Nav 1876 II. Oh 1852 1871 1890 17.14
July =, So 16. 90 SOS 1880 1919 17.O2
Oct. 1925 81 1913 1918 1918 1916
Dec. :. 1000 16. 90 16. 90 1000 $50. 1876
NEW ORLEANS SPOT, COTTON OFT. " +o,
NEW ORLEANS, Feb. 21.-Spot cotton
steady. u points lower. Sales on the spot
1117 bales: to arrive, 813. Low mdd MIDI nn
1926 middling. 1900: good middling, lS.oo.
Receipts, 1872; stock. 2So,794.
SPOT COTTON MARKET
Atlanta. steady, 17.50c.
New York. quiet, 1S52c.
New Orleans, steady, lie:
Philadelphia steady, 1880.
Norfolk, steady, II. 63c.
Savannah, steady, II .5Oc.
St Louis, steady, 17.25c.
J. Little Rock, steady, I.11c.
Houston, steady, 17.SOc.
Iallas. steady. II i5c
Charleston, nominal.
Wilmington, nominal.
Galveston, steady, 1850.
Mobile. steady. 16. 73c.
Memphis, steady, 17.2oc.
Augusta, 17.40c.
Montgomery, steady, 1910
ATLANTA SPOT COTTON
Atlanta spot cotton .... .......... 11.50c
Receipts ...... ''''.'..''''' 90
shipments oot
AMERICAN EXCHANGE QUOTATIONS
The following were the ruling prices In
the exchange today:
Prev.
Omen High Low Close Close.