Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-08-31
COTTON

NEW YORK Aug. 30.-The cotton ma ct
opened at decline of point to an advance
of points and SOLD about to 10 points net
lower right after the call, under scattered
southern calling and liquidation by old longs
who were probably influenced by slightly cas-
Ter Liverpool cables There was no improve
ment in the general character OF the cro9
news however, while there seemed to be
rather more hope Of an early settlement of
the coal strike, ard after selling at p. 81.
December contracts soon rallied to 2.66 on
covering. Pirate cables from Liverpool re-
ported hedging easily absorbed by trade cali
ing.
December worked up TO about $3.50. or 10
points net higher on a more favorable
view of European affairs ana PUBLISH crop
reports, including private condition report
of 56.7 and the weekly review of the
weather bureau. Trading remained very
quiet, however and prices were or
points off from the best around midday.
Members of the New York Cotton Exchange
on the average expect a condition of 57.6.
according to canvass made today.
No fresh feature developed and the early
afternoon market was quiet, with prices
ruling steady on the basis of 2.70c for De-
cember around O'Clock, or about net I'M
changed.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 22.SOc; quiet.
Oper. High Low. Sale. Close. Close
Jan. %. ca % 50 90. Al %. SO 22.51 22.57
March % 50 %. 10 % .45 22.57 22.55 %. 90
May %. Sc % &c % 40 %. 40 % 45 %. 80
Oct. %. Co % "A %. 80 %. 30 % 50 % so
Dec %. 70 % IS % 50 %. sc 22.64 %. 20
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 30.-Poor cables
and talk of coal shortage among southern
cotton mills caused drop OF to IA points
In the price of cotton around the opening to-
day. Continued dry weather over Texas and
Oklahoma and private report on condition of
56.7, showing deterioration for the month OF
1874 points, brought in new buying and at
the end of the first hour OF business prices
were to Z points over the close OF yester-
day. After falling off to 10 October Ne
acted to %. 81.
The weekly crop reports were more I'M
favorable than expected and stimulated
enough demand TO absorb all offerings for
q while and to put the nearer positions TO
net advances of to II points, October
trading as high as 22-35. The market grad
ually became rather quiet and at IL O'Clock
October stodd at 1922.
NEW RLEANS.-Liquidation Of long
cotton, in a moderate way, came on the
market and. with support withdrawn for
declines of 6 to joints by 1890 O'Clock,
October sagging to 22.15. Reports thai
day amounted to the large total of 125, 900
pieces caused much bullish comment, but
little buying.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, very steady; middling, 22.00s;
steady.
Last Prev.
Open High. Low. Sale. Close. Close.
Jan. Poi % % %. 06 %. OF %. O6 % Is
March .22. Is 2223 % 90 %. IL %. 06 q. 20
May .22.O %. % %. 05 22.11 81 .98 q. OS
Oct. % 20 % .85 % 10 %. II 22.16 % "a
/. Dec. %. % %. IS %. IA % 16 %. 16 % 20
ATLANTA SPOT COTTON
Atlanta spot cotton ........... % 55c
Receipts ....... 80. ...... ...... 24S
shipments ........ -..... 49,. :. 524
STOCKS ......-. ....... 9,T00
LIVERPOOL COTTON
Tone. steady; sales. 5000; good middling,
IS 93d