Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-09-12
GRAIN

NEW YORK. Sept. 1.-THE cotton mar
ket opened firm at an advance Of 10 10
points on firm Liverpool cables, expecta-
tons Of low mid-month crop condition fig
ures and reports of a more active trade de-
mand. Buying by trade interests was one
Of the features on the advance which car
ried December contracts up to 22.1S and
January to 22.07 after the call 20 to %
points net higher. Reports Of rains or
showers in the southwest seemed to have
very little effect on the early market, prob
ably on the theory that they are too late
to materially help the crop and may hurt
the grade OF open cotton. There was scat
tered southern selling the advance, bu:
it was absorbed on reactions of a few
points with the market showing a gener-
ally steady tone during the early trading.
Realizing became a little more active be-
fore the end of the first hour and the mar
ket reacted to 21.S7c for December, or
about 80 points from the best. with prices
, selling o t13 points below Saturdays
closing. Trading becasne comparatively
quiet at this decline and hte market was
steady around midday with pricse showing
are coming in from the southwest with ref
erence to the effects Of rains or showers in
Texas. Some of them claim that they have
damaged the grade of open cotton, while
ficial in the long run.
The market was easier during the early
afternoon under liquidation by early buyers
and scattered southern selling, December
sold off to 21.7Sc with the general market
showing net losses Of II OF 20 points around
2 O'Clock.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, barely steady; middling, 27.IOc.
Open. High. Low. Sale. Close. Close.
Jan. .22.Oo %. OF 21.55 81 sc 21.5o .so
Mch % .o6 % 20 81. GO 21.7 81 so 21.99
May 21. 9S %. Is 81. g. 81. 81 p 60 81 .95
July 49,. -. liz z1'fo
Oct. s. 21.75 21.95 81. 43 81. AS FL 21.72
Dec. 20. 90 22.1s 81 80 PHI 21.60 21.95
NEW ORLEANS COTTON
NEW ORLEANS, La. Sept. 1.-Rains
in many sections of the belt including the
hitherto droughty. portions of the west,
caused heavy buying OF cotton TO-DAY ana IN
The argument was that rainfall on open
cotton was working immense damage to
the grade. Heavy realizing by recent Duy-
ers was done as the market hardened and
1t finally caused reaction, prices at the
end of the first hour of the session stand
Ing 10 to Is points under saturday 8 close.
October traded as high as 21.50 and then
fell to 21.1j.
The market turned quiet, buying being
checked by the forecast of fair weather for
all states in the western half of the south.
At the same time realizing Asales became
smaller in volume and at II O'Clock prices
were 10 to IL points up from the lowest,
October standing at 21.25c.
An unfavorable view of foreign news slim
ulated a new wave of liquidation from the
long side and in he trading up to 1890
O'Clock prices were sent 20 to &c points nm
der the close of last week to 21.00c for
October The market was steady at the de-
cline on account of further rains falling in
sections of the western belt where much
cotton is open in hte boils.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 21.1Sc.
Open. High. Low. Sale. Close. Close.
Jan. .21.51 q. SO Fl 10 p. 10 81. ID 81. 43
Mci. 1.65 21.74 21.25 81. rs 21.25 p. so
May /. .21.72 21.72 21.1s Fl 20 21.1s Fl. Al
Oct. .2l.4o $50 20. 90 20 .e7 20. "a 81 20
Dec. .21. AS 21.65 u. 10 81. rs Pip lao
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. 1.-SpOt cotton,
steady; quotations revised, 25 points lower;
sales on the spot, 213; to arrive. 1850; low
miiddling, !, Sc; middling 2lIsc; good
4s,4S3.
ATLANTA SPOT COTTON
Atlanta spot cotton ........ 21.05c
hecelpts $500. .'....'.. ..'.... ~
BLOCKS 49,. 49,. 49,. 1900. 9,O66
ATLANTA coTTo }; y,l3 PRODUCTS
Corrected by Atlanta ~~-,mercial Exchangel
Crude oil. basis prime tanks 600 $3.50.
Cottonseed cake. per cent
@. S. meal. per cent am