Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-08-21
observation-disclosures
COTTON

w l. l. vi
NEW YORK, Aug. 20.-Private
reports of showers in the southwest
were followed by a good deal OF
scattering liquidation in the cotton
market during today's early trading.
Liverpool just about met eXpecta-
ton based on the local close of Sat
urday, and first prices here were 10
points higher to six points lower.
The south was a seller and the mar
ket became unsettled after the call
with October declining to 2S.9S and
December to 1885, making net
losses of about to points. Many
of the advances received from Texas
however, stated that the showers
were more damaging than beneficial,
while there was a little more trade
buying below the 24-cent level which
caused rallies of several points.
The official forecast pointing to a
return of dry, warm weather in the
southwest stimulated covering later
and an opening appeared to be gain
ing ground that the showers report
ed in Texas over the weekend had
not been sufficient to relieve the
droughty conditions. There was also
bulish comment on the reports Of
more active demand for cotton goods
and some trade buying was report
ed. As a result October contracts
sold up to "a. so and December to
24.17 with active months generally
showing net advances of 20 to 20
points. Trading was comparatively
quiet around midday, but prices hello
steady with ms or points of the
best.
Detailed weather reports showed
lower temperatures in the south
west, but no general rainfall ana
while the early afternoon market
was somewhat irregular, prices held
steady at about 1920 for October
around 2 o'clock. or IA TO ,1S points
net higher for the active months.
NEW YORK COTTON
The following were the ruling prices IL
he exchange today:
Tone, steady; middling, 2o5Oc; quiet.
Open. High. Low. Sale. Close. C'ose
3an. :. %. 5S IS. 81 23s47 1915 1915 2S.16
Mar. :. %. 65 IS 90 1851 %. 81 1881 1866
Nay :. 2S. GO % So %. 30 g. 23.75 %. so
Get. :. "a 20 "a "a %. % 24.27 "a. % 24.0i
Dec. ..24.O2 "a. % IS. IS 24.14 24.14 23.ss
NEW ORLEANS COTTON
NEW ORLEANS, Aug. 20.-Poor
.ables and hedge selling put the
price of cotton 2 to II points lower
around the opening today but this
soft spot attracted fresh buying in
volume and prices soon were bulg-
ing strongly. Buying was done main
ly on continued complaints of crop
damage in both western and central
portions of the belt. Scattered show
ers were reported in the west but
were generally held to be insufficient.
At the end of the first hour OF bust
mess prices were % to 50 points
higher than the close of last week.
October fell off to $3.50 cents a
pound and then rose to 1913.
At levels 81 to 80 points UP enough
selling was met to cause moderate
occasions. Selling was mainly due
20 further private reports of rain
here and there in Texas. At IL
o'clock October stood at 1888, asked
,rought only narrow fluctuations.
'he general tone of crop reports
sas unfavorable, but the market
as unable to respond to this be-
ause of rumors of a somewhat
.as.er spot basis in western mar
,ets.
NEW ORLEANS COTTON
The following were the ruling p,ices &
- exchange today:
Tone, steady; :nid6ling. 4.75c; steady.
Last PREY.
Open. High. Low. Sale. Close. Close
an =. % 81 %. 80 % % % so %. 52 90 .2S
Ear. :. %. SO % go 23.Z5 % SO % SO 1921
lay E. 231C % 40 %. 10 % 40 40 23.15
Aug. ....s ..... z4.1h 1877
let. =. % 50 90. 70 Is so %. rs 81. sc 30 80
Gee. =. 80 SO % 6S 80 20 %. So 25. 50 % 80
ATLANTA SPOT COTTON
atlanta spot cotton ,.............. 2+.75c
'alpmenIS 1OU
Ocks o,4Zd
SPOT COTTON MARKET