Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1917-09-28
Cotton

OOJIOk1
NEW YORK. Sept. 27.-Reports of cold rains
i'm the western belt and apprehension that the
tropical storm might reach the middle gull
coast encouraged buyers in the cotton market
vance Of IS to SO points in consequence, with
October selling up to 80, and January t.
% IS, about II to 30 points net higher
There were also rumOrs that bulish private con
dition figures would be issued later In the day
and bullish spot advices from the south. Real
izing was quite active at times, but was read
lily absorbed with the market showing gen
orally firm tone toward the end of the first
hour. Liverpool cabled that southern markets
showed a disposition TO hold firmly and thai
there was no pressure of offerings there
Reports that storm warnings had been is
sued for parts Of the gulf coast and the Off
cial prediction for frost In parts of Oklahoma
and Arkansas factors in the late morning
advance, which carried active months about 81
TO 40 points net higher, with December sell
ing eat % 81, and January at q. 81. Demand
tapered off at this level however, and the
market showed reactions of several points early
in the noon hour under selling by early buyers
who were disappointed at the showing Of
against 60 last month. Rumors circulating
yesterday and this morning had created ex
pectations of a more bulIsh showing.
NEW YORK COTTON
The following were the ruling prices on the
exchange today
Tone, steady; middling, 25.3Oc. quiet.
lone steady; middling, 25.1Oc; quiet.
open. High. Low. sale. Close. CLOSE
Jan. 1866 23.S2 23.46 1850 1850 23.47
Feb. ..... ..... ...,. .....23.74 23.51
Mch.. 1912 1850 1884 $3.50 $3.50 1857
April 800. 800. ..... ..... ZS.oS ZS.oO
May s3.S2 24.O1 23.6S 1894 1898 1870
June. ..... 800. 800. 1898 2S.'O
July 1855 $3.50 2S.S6 1889 1894 1912
Aug. ..... $3.50. 1899 1887
Oct. ..24.25 2446 24.22 2425 24.39 24.OO
Nov. 800. ..... ....N ..... zf.VV zS'oo
Dec. .236O 1892 1857 1884 1884 $3.50
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 27.-The hurricane
warnings for the mide gulf coast caused buy
ing wave the opening of the cotton marke
here today. In the first half hour of business
prices rose 81 to 45 points. Bullish sentiment
stimulated by the forecast OF frost tol
portions of the western belt.
Offerings of long cotton were rather liberal
throughout the morning and noon prices were
TO 10 points off from the highest under the sell
ing.
In the afternoon liquidation offset to some
extent the fear of the hurricane. At 1:30 the
most active months were % points above the
level of yesterdays close.
NEW ORLEANS COTTON
The following we're the ruling prices in the
exchange today:
Tone, steady; middling Pablo, steady.
Open. High. Low. Sale. Close Close
Mch .23 25 1896 1902 23.10 23.O9 $50.
Jan ..2311 2S.15 22.S1 22.95 22.9S 22.7C
Feb 49,. ....... ..... 23.042...
Apl .... ..... ..... ..... 2S.17 .....
MAY 1926 2S.26 1922 1922 1924 $500
Oct ...2S.26 1851 1926 $3.50 2S.3S 23.14
Nov ........... 49,. 400. 22.95 22.79
Dec ..22.sO 9S12 22.SO 22.S9 ease 22.6S
NEW ORLEANS SPOT COTTON.
NEW ORLEANS. Sept. 27.-Spot cotton
steady, p points up; sales on the spot 34S
middIing, 2413; good middlng, 24.63; receipts,
q, 800; stock, 9G,324
SPOT COTTON MARKET
Atlanta, steady, new, "a. 25c.
New York. quiet, 25.3Oc.
New Orleans, steady, Pablo.
Augusta, stcgdy, 23.I5c.
Memphis nominal, 2ic.
Savannah, nominal. 24c.
Dallas steady, 2S.45c.
Charleston, steady, 23.5Oc.
Wilmington, steady, 23.5Oc.
Montgomery, steady, 23.SOc.
Boston, steady, 25.3oc.
Philadelphia, quiet, 25.5Jc.
Norfolk steady, 2ic.
Houston, steady, 24.35c.
Galveston, quiet 2450c.
Little Rock, quiet, 24.5cc.
Mobile, steady, 2S.75c.
ATLANTA SPOT COTTON
Atlanta spot cotton, new ........... 2i.23c
Receipts ............''. .'s'ss's''''''' oo-
t,i,;,>vIlon+s ......... .,.,,..... Ga
StopIs ... ..............12,3 34
ATLANTA coTToNsEED PRODUCTS