Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-10-21
COTTON

NEW YORK, Oct. 20.-The cotton market
opened steady at a decline of 4 to Is points,
under a renewal of scattering liquida ton,
southern selling and a little local pressure,
promoted by the relatively easy showing Of
Liverpool. The early offerings seemed to be
well absorbed around 22.95 for December,
however, and the market rallied to 23.17
for that position shortly after the call with
the general list selling to points net
higher. There appeared to be a more opt-
mistic feeling over the British political stu
alton which was encouraged by private ca
bles from the Liverpool market, while there
was also buying on continued bullish reports
from the cotton goods trade.
There was a good deal of buying believed
to be for trade account on the early advance.
Rebuying by people who had sold earlier in
the week was also reported, and the market
was firm during the middle of the morning.
with December contracts advancing to 23.3Oc
and with the general list selling Is to %
points net higher. December was relatively
firm on covering by trade shorts and price
fixing, but the advance above the 23-cent
level seemed to bring in little southern
selling and the market was 10 or IL points
off from the best around midday.
Fluctuatio were rather irregular during
the early afternoon, but the market turned
firmer towards o'clock on covering and
trade buyings December sold up to 23.39c
OF INTO new nlRn RTOuQuS LOT the u1HP with
The general list ruling about 20 to 80 points
net higher.
Fluctuations were rather irregular dur
ing the early afternoon, but the market
ing and trade buying. December sold up
to %. SO, or into new high grounds for the
day with the general list ruling about TWEEN
ty to thirty points net higher.
NEW YORK COTTON
The following were the ruling prices in the
exchange TODAY:
Tone, steady; middling, 2S.45c, quiet.
Last, Prev.
Open. High. Low. Sale. Close. Close.
Jan. :. 22.75 % Is o. 10 %. 16 % .15 90. 81
siar. :. % So % 29 90. So 23.2S 23.7 22.9s
May :. % So % 81 o. So % 81 %. % 1892
July :. %. Sc %. 90 %. sc % sc 22.96 22.6
Oct. .. %. so % 20 22.75 % .O5 % 20 pts
Dec. >. % 95 %. 45 300 % A %. AZ $50
NEW ORLEANS COTTON
NEW ORLEANS, Oct. 2O-Poor cables
ted selling on the opening or the cot
ton market today and for some time after,
causing declines of Is to 10 points A prl-
ginned to the 18th of October was consid-
cred under expectations and the demand for
contracts improved so that at the end OF the
first half hour of trading prices were five
points over the close of yesterday. Deem
Der first fell off to 22.3O and then rose
to 90. g..
Reports Of smaller spot offerings at many
western belt points and a continued good de-
mand increased the demand for contracts
and widened the net gains to 10 to 20
points, December rising to 22.o7. The liqui-
iation which has been so much in evil
dence of late again entered the market and
at noon December was off to 22.4S.
Buying increased after the noon hour and
the market gossip was that spot houses were
taking hold of the near months. Mill tax
ings of 300, 900 bales were at first consid-
cred small because they compared with 3S1,-
600 this week last year, but, in the end,
they seemed to increase the demand. At
1880 o'clock prices were 90 to % points up,
December standing at 22.72c.
NEW ORLEANS COTTON
The following we're thu ruling prices In the
exchange today:
Tone, steady; middling. %. soc, steady.
Last Prev.
Open. High. Low. Sale. Close. Close
Jan. :. 90 so 22.72 90. IS 22.74 %. 10 %. AT
Mar. :. %. 40 22.75 90 81 2.71 22.72 %. 30
May =. % 35 227O % 81 10 %. 60 %. so
July :. % .27 % As % 81 %. 4s % As %. 81
Oct. :. %. 81 % so %. 46 22.75 pts %. Al
Dec. :, %. IS 90 rs % 80 IA %. IA 90. At
ATLANTA SPOT COTTON
Atlanta spot cotton mountaineering %. 45c
z. 13G