Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-09-29
COTTON

bu!lish government crop report next Mon
day and continued trade buying appeared
the dominating influences in the cotton
market again this morning. Private cables
attributed the advance in Liverpool to these
features, and the local market opened
steady az advance of II to 81 points,
with October selling up to 21.45c and De-
cember to 21.35c, making new high ground
for the movement. A few more October
notices were issued. representing about
5000 bales, according to early estimates,
but they were believed to be wanted by
several houses and there was continued
buying CT that position by trade shorts.
The advance, however, met heavy realizing
and early fluctuations were very irregular,
with December ranging from 21.1Oc to
21.S5c. In addition to heavy profit-taking,
there was some hedge selling on the rally,
but there was equally heavy new trade and
commission house buying on the declines. A
southwestern authority estimates the condi-
tion of The crop at AIS and indicated yield
a. 6361 900 bales.
Another southwestern crop report placed
the condition at 43.5 and the Indicated yield
at $3.50, 900 bales. There was no special
comment on these t"o crop reports, but
they averaged a little above yesterdays fig
ures, and the market turned easier during
the middle of the morning on reports of
increased hedge selling and local selling
for pre-bureau reaction. Around y. 90
for December there was more trade buying
and the bullish weekly report of the wealth
er bureau promoted rallies of 10 or 20
points during the early afternoon. In addi-
tion to stopping notices here on October
contracts which they are rumored to have
bought some time ago at prices averaging
about 10 cents per pound, private advices
from the south said the Japanese interests
had been buyers of spot cotton both in
Texas and the Atlantics late yesterday.
The market showed renewed frmness dur
ing the early afternoon, when southern sell
ing was less active and trade shorts SEEM
ed to he trying to- cover hedges in Decem-
Der. That delivery made new high ground
for the day. selling up to 21.40c, or 80
points net higher.
NEW YORK COTTON
The following were the ruling prices ir
the exchange To-Day:
Tone. steady; niddling. 21.55c, quiet.
Omen. High. Low. Sale sale Close. close Close.
Jan. 21.O0 81. 10 20. 70 20. SO POTS 20.72
Mar. :. 20. IS 20. es 2O.27 2o.S5 2O.35 O.35
May :. go 90 % 10. IS 1873 1890 20 o3
July :. 10. 90 10 90 10. so 1878 .45 O.6S
Oct. :. 80 81. As q. 03 21.OS 1.O4 2l.o3
Dec. =. 1855 81. AZ 81 90 PHO .O5 1.01
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 2S.-Good cables
and reports of large spot sales at interior
points late yesterday put the price OF cot
ton higher around the opening of the mar,
ket today, but, after advances of to 20
points, heavy realizing by longs commenced
and a reaction ensued. At the end of the
first hour Of business prices were 1 to Is
points under the close, of yesterday: De-
cember first tr&ded up to 21.06c and then
fell back to 20.79c.
Fluctuations became more rapid but had
no great width. In the trading up to noon
the active months were sent 16 to % points
under yesterdays close by reports of some
what freer spot offerings in the western
belt but soon after ~ O'Clock the more
active months were IS to 20 points up from
the lowest. December at its lowest stood
at $50 cents a pound.
Reports that spinners were calling cot
ton in this market and further claims from
the interior that both picking and ginning
were rapidly nearing completion caused new
buying and in the tradingi up to 1:30 O'Clock
the net advance was widened to II to 90
points, December rising to 21.15c. October
commenced to act somewhat liquidated.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone steady; middling, 90. 75c, qquiet.
Open. High. Low. Sale. Close. Close
Jan. E. 20. SIS 20. 81 20. AT 20.47 20.47 20. 65
Mar. . 20. S5 20. 40 20. O5 20. O5 .O5 20. 81
May =. 5000 20. % 10 so 10. 65 .65 10 .95
July . 40 1914 1880 10. 40 9.2O 10 So
Oct. =. 80 20 so 20. IS 20.75 20. 81 10
Dec. :. SO 10 20. 70 2O.77 20 20. sc
NEW ORLEANS SPOT COTTON
NEW OhLEANS, sept. Zo-OpoL COIIou,
steady. % points higher. Sales on the spot,
2,577 bales; to arrive. $780, Low middling,
1880; middling, 20.75c: good middling,
21.75c. Receipts, 4,110; stock, 426,375.
SPOT COTTON MARKET
Atlanta, steady, 21.30c.
New York, quiet, 21.55c.
New Orleans, steady, 20.75c.
Philadelphia steady, DISCO.
Norfolk, steady, 2075c.
Savannah, steady, 21.25c.
st. Louis, steady, 21.25c.
Houston, steady, 22.35c.
Memphis, steady, 21c.
Augusta, steady, PIC.
Little Rock. steady, Die.
Dallas, steady. 21.20c.
Charleston, steady, pic.
Wilmington, steady, 20.75c.
Boston, steady, 20.75c.
Galveston, steady, %. soc.
Montgomery. steady, 20.25c.
Mobile, steady, 20.30c.