Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-11-09
COTTON

NEW YORK., N sosy; s.-The census re-
ned to November /, was taken by local trad
ers as in line with recent crop estimates
and was followed by an opening advance
of % to 43 points in the cotton market
here today. The buying was promoted by
over the local holiday and houses with Lv-
eupool and other foreign trade connections
were buyers here on the opening advance
Enough realizing and scattered southern
selling was attracted by the new high level
of prices to cause some irregularity, but
there was active buying and after selling
at %. sec on the call, January held around
25.43c during the early trading.
The market showed continued strength
and activity later. Traders appeared to pay
little attention to the unsettled ruling Of
foreign exchange rates or the Turkish sit
nation, while the advance on the bullish
view of the ginning figures was promoted
by reports of a strong spot situation in the
south. EARLY sellers for a reaction covered
on the late forenoon advance which car
ried December contracts up to 26.31c and
January to 0Sc early in the noon hour,
or about 80 to 95 points above Mondays
closing.
The buying movement tapered off around
26.43c for December and 26.15c for jan
uary, or about 100 to 106 points net higher,
and trading less active during the
middle of the afternoon with prices show
ing reactions Of some 20 to % points from
the best.
NEW YORK COTTON
The following were the ruling prices ID
Tone, steady; middling, 2e.Soc; quiet.
Last Prev.
Open. High. Low. Sale. Close. Close
Jan. rs so 26.17 %. Al 25.S2 % so 25. 10
Mch. rs. 25 800 20 25.7s 25.73 "a. 81
May rs 90 %. 75 24.95 %. As 2.4s 24.70
July ..24 Go p. 40 "a. so 25. IS %. IS "a IS
Dec Us. so &c. 43 %. so %. 10 &c 10 %. 81
NEW ORLEANS COTTON
NEW ORLEANS S-'Tha hi
reat report of S,139, S39 bales ginned to the
first of November, issued on the opening of
the cotton market today, was under general
expectations and buying movement re-
suited which put prices to new high levels
for the season. In the first half hour of
the session the advance amounted to 45 to
Al points. December rose to 25.07c pound.
For a short period the market hesitated,
owing to large volume of realizing sales
from the long side, but after the middle OF
the morning the advance became very rapid
again, and it carried December up to 25.6Sc,
where the active months showed gains over
Mondays close of 101 to no points. Profit
taking became extremely heavy again, and
at noon December VISA off to 25.47c.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange TODAY
Open High. Low. Sale. Close Close
Jan. ..25 Oh %. IS q. 80 %. 81 % SO "a 63
Mich. PA "a %. 81 "A. 81 70 ~ 20 81 "A. Oh
May ..2+75 5.34 "a. Go 10 25 Is "a 3S
July PA ~ "a 90 q. so "a so "a so "a 90
Dec. ..24. 63 90 .6s "a. 63 %. So % 81 "a. 60
SPOT COTTON MARKET
Atlanta, steady, 26.30c.
New York, steady, 26.30c.
New Orleans, steady, 25.62c.
Galveston, steady, 25,S5c.
Mobile, steady, 2S.7Oc.
Savannah, steady, 25.95c.
Wilmington, steady. 25.70c.
Norfolk, steady, 25.95c.
Boston, steady, 26.30c.
Philadelphia, steady, 26.55c.
Houston, steady, 26c.
Memphis, steady, 25.20c.
Augusta, steady, 25.S5c.
Little Rock, steady, 25c.
Dallas, steady, 25.45c.
Montgomery, steady. 25.50c.
ATLANTA SPOT COTTON
Atlanta spot cotton ...... ....... 263Oc
Receipts .os.' '..'.''' @ool
Shipments zee. ...... I,oo4
LIVERPOOL COTTON
Tore. firm; sales, 10000; good middling,