Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-11-04
COTTON

NEW YORK. Nov. S.--The cotton mar
ket showed continued firmness with in
ereasing activity during todays early trad,
of 16 to 81 points ON relatively firm
cables. with December selling up to "a 81
and January to PAS, or into new high
ground for the season. This advance met
heavy realizing and there was consid-
cradle southern selling. but buying was
crop figures. and the early offerings were
absorbed on reactions of some 10 to 20
points, with the market showing gen
orally firm tone: 1t was reported that prl-
vate returns indicated a ginning of S,14O,-
600 bales up to November l. and point
ed to a crop of only 9440. 600 bales. Pri-
waite cables reported an improving bust
ness in Manchester with fair demand
for spot cotton and a better demand for
The market showed continued activity and
strength later in the morning. Reports
that the spot basis was fifteen points high
er in the southwest, with an improved de-
mand and almost equal bulish advices from
some of the eastern belt markets. encour-
aged the buying movement here, while there
was an active demand for December atrih-
uted to the covering of trade shorts. This
absorbed further scattered realizing, and
the market was firm around midday with
December selling at 24.92, and January at
2462 or about thirty to fOrty-two points
net higher on the more active months
The 25-cent level was realized by inc
esrly afternoon advance which carried DC
cember contracts up to 25.06 or 30 points
net higher Later months showed almost
equal advances and the market was firm
around o'clock within 3 or points of
the best.
NEW YORK COTTON
The following were the ruling prices
Tone, firm; middling, 25.15c quiet.
Open. High. Low. Sale. Close. Close
Jan. =. PAS 24.77 24.31 24.75 24.73 24.2O
Mch. =. "a 40 24.71 24.35 "a. &c 24.63 24.2S
May =. n. 80 81. As 24.15 81. A "a 43 81. 10
July =. oS 95 24.12 %. So 24.O7 24.07 % so
Dec. E. 24.74 % 10 "a. Go 25.05 800 2f.5l
NEW ORLEANS COTTON
NEW ORLEANS, La. Nov. S.-An ex,,
cited market and heavy buying opened
the trading in cotton today. Prices rose
p to SO points in the first few minutes
of the session. carrying all months to
new high marks for the season. Decem-
Der touched 241S cents pound. buying
reau estimate of S.14O,0 900 bales ginned 10
the first of November, pointing to crop
of 0.4OOOO0 bales.
Maintaining a very firm tone, the market
gradually widened its advance on general
buying, toward noon standing 43 to 60
points up December traded up to 24.43
cents a pound. Mill takings for the week
of $50 900 bales were larger than expected,
but caused no great amount of. buying be-
cause they compared with the very large
takings of 427 900 bales this week last year:
The firmness retained in the face OF
considerable realizing on the long slde. IN
the trading up to 1:30 O'Clock prices were
sent to gains of 40 to Go points. December
reaching PAS.
NEW ORLEANS COTTON
The following were the ruling prices IN
the exchange today:
Tone, strong; middling, "a 25c, steady.
Last Prev.
sOpen. High. Low. Sale. Close. Close.
Jan. =. "a. % "a So "a. OF "a. so "a. 43 % IS
Mich. -. "a. % "a. 40 "a. 05 "a SO "a. 80 % ST
May =. e4.Oo "a. % % .s5 24.14 24.14 % rs
July -. %. SO %. 90 90. So %. 80 1913 % SO
Dec. :. o4.OO 24.4S "a. 90 "a. 4s "a. 40 % sc
ATLANTA SPOT COTTON
Atlanta spot cotton .........-.-.. 2o.15c
Receipts ........ observation-disclosures. 2,5SG
Shipments ......i. NEUTRALITY-SUSPICIOUS.. 2,035
Stocks >...... go. ..'..'.''.'.'.oz' o0-
SPOT COTTON MARKET