Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-02-28
]rl!W@4yMar9tRpo7ts>.
COTTON

Il
NEW YORK, Feb. s5.-The al
vance of nearly two dollars a Gale
in the cotton market here To-Day
seemed chiefly the result OF more
bullish trade adVices, including re-
ports of a more active demand LOT
cotton goods and better spot BUS
mess in the south. May contracts
sold to 1924, or 81 points net hlgh-
er, and 81 points above the low
level OF Yesterday. That delivery
closed at 1920, with the general
market closing steady at a net ad-
vance of 26 to 33 points.
The market opened steady at an
advance of two to five points anu
showed some irregularity during the
early trading as a result or re-
newed realizing for over the week
end. On the whole, however, OIL
ferings were readily absorbed or;
comparatively slight setbacKs ana
the market soon turned flrmer on
trade buying to fix prices, cover
ing by people who had SON lor d
reaction earlier in the Week anu
fresh buying for long account:
The Increased: sales of cotton
goods reported in the Fall River
market for the week came III Tor
a good deal of comment, while oui,
Gsn sentiment also was encourages
nv the more favorable reports from
Manchester and belief that con-
tinued Improvement in the demand
for British goods would soon force
Liverpool importers into the spot
cotton markets.
Trading was comparatively quiet
at the start. but became more ac,
tive as prices worked higher ana
the late forenoon advance was pro"
NOTED by bullish southern Spot 40,
vices. March sold up to 1920 anu
July to IT'S, or So to SO points net
higher and new \ crop positlonnSS
showed net advances OF rs 10 %
points. The close was lew points
off from the best under reallzlnG.
Tbe weeks sales of cloths in the
Fall River market were estllnateo
ar Gao 600 pieces, or the largest to-
tai reported for any one week since
the beginning of the year. Inc cur
tailment of production there was
estimated at 100000 pieces and 1t
was said that goods buyers were
nervous over the possibility or m |
creased curtailment in New Eng |
land. There were also reports OF a
more active demand for cotton
yarns, including business for 1or-
ward shipment.
NEW YORK COTTON
The following were the ruling prices Ii
the exchange today:
Tone, steady; middling, 1s.soc, quiet;
Open. High. Low. Sale Close Close
Mich. ..1s.25 1s. 90 1917 1851 1880 1917
May ..17.9s Is. % 17.ss 1920 1920 1887 !
July ...17.25 1859 1922 1856 1856 17.2a
Oct, So 16. 81 1888 1885 1885 1886 !
dec. ZIG. A 16. 81 1914 16.65..... 1888 !
NEW ORLEANS COTTON
lew ORLEANcc'. Feb. 25.-Vig- |
orous upturns in the price of cotton |
I ar were the esult of better re- |
!, ,rts brokers here from cotton !
goods markets of New York and New
England, estimated sales of .25O,00O
pieces of print cloths for the week
at Fall River, ma L. partlcu- !
larly good impression. Traders read
we k-end revie of business l.. gen
Il in an optimistic way. After a
decline of to IS points around the
ming, prices re-; tied and cllmpea |
+. levels % to 81 noints higher than
the close of yesterday before the
Upward movement was checked. Inc |
close vas. at net gains OF 70 TO 81
DO nts. NJ :ch first traded down TO
1875, rose to 17.1S and closed at |
17.12. 1t was an active session for |
weekend.
The ear;s declines were almost al
tcye.her due to the rains in the |
western belt which were accepted at
first as beins kelly to mean the !
ending of the drouth in the north !
western section. Their effect soon !
wore away and in tn" late trading |
lid able buying was done on
the forecast of dry weather over |
Sunday for both west Texas ana
for Oklah |, where the drouth has !
been most complained of.
Many ru nors r---o circulated. con- |
ce ming a better spot demand ana |
l-rge ira. .sactions nut thu Ugh In a |
quiet way and they unquestionably
h lped values. although none. OF
these rumors could be confirmed.
NEW ORLEANS COTTON /
The following were the ruling prices "
the exchange today:
Tone, steady; middling, 17lScTsteady:
Omen. High. Low. Sale. Close. Close.
Mch ..16. rs 1918 1916 17.12 II. 1854
MAY 1870 II 20 1910 1913 17.1s 1888 |
Univ ,.16. 40 10. 90 1916 1857 1855 1854 |
Oct. ...15.s1 1917 1881 1915 1918 1870
Dec. ...15.9O 1897 1870 1897 1897 lo.0S |
NEW ORLEANS SPOT COTTON t
NEW ORLEANS, Feb. 25.-Spot cotton |
firm and unchanged. Sales on the spot '9 9S
middling, 17.13; good middling, 1913
Z AMERICAN EXCHANGE QUOTATIONS
The following the ruling prices IN |