Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-10-24
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COTTON

NEW YORK, Oct. 23.-The cotton mar
ket showed renewed firmEess at the open
ing today. Liverpool was about as due
while there wes no change in the gcner-
cotton goods trade or southern spot mar
kets which encouraged fresh commission
house buying. Trade interests We're also
buyers and after opening at decline or
Is points on October but generally 1 to II
points higher, active months sold some 10
to u points above Saturdays closing with
December touching %. Sc, a new high rec
rrd for the season. There was good deal
Of realizing and considerable scattered south
ern selling at the advance and prices re-
acted a few points during the early trading
The early buying movement carried the
market up 20 % IS for December and 1855
for January, but there was great deal
for GALE around these figures. Realizing
was heavy while there was also scattered
southern selling and local selling for a re-
action. These offerings were well enough
absorbed to give the market steady I'M no
dertone on reactions of some 25 or 50
points, however, and after showing net
losses of 10 to 16 points, prices steadied M
late in the morning on fresh commission
house buying and covering. Trade interests
were also buyers on the recovery and De-
cember ruled around 23.S0 at midday or
about points net higher.
The market was lower during the early
afternoon under renewed liquidation which
Included considerable Wall street selling
an easier tone in the stock market. De-
cember sold off TO % "a, or about 81 points
net lower and the market was quiet, with,
in 5 or points of the lowest around
O'Clock.
Til. market was lower during the early
af-.-..,a unde- renewed liquidation which
in.lli ii considerable Wall street selling
and may have been promoted by reports OF
an easier tone in the stock market. Decem-
Der sold off to 3.54, or about Il points
%I,o orl-o or WIS n
in or 6 points of the lowest around
o'clock.
NEW YORK COTTON
The following were the ruling prices In the
exchange today:
Tone, steady; middling, 23.75c; quiet ,or
Open. High. Low. Sale. Close. Close.
Jan. 90. 50 % .65 90 81 %. 81 %. sc %. As
Mar. 90. 20 %. 80 %. 40 23.47 % As %. Ga
May :. %. 60 $40 %. So 23.4o 3d. 40 2S.5 so
July :. %. 43 %. 45 %. 10 %. 10 %. fs %. 80
Oct, %. "a %. 73 %. SO % so %. 80 %. SO
Dec. -. 23.74 2S.ss IS. 50 $3.50 1851 2S.75
NEW ORLEANS COTTON
NEW ORLEANS, La, Oct. 23.-Accumu-
lated buying orders put the price OF COTTON
81 to % points higher around the opening
TODAY. but the market almost Immediately
ran into heavy realizing on the part OF ola
longs and a reaction of 10 to 70 points
occurred. December traded up TO 25.4u
but at the end of the first half hour OF the
session stood at 1920,
Liquidation of long contracts increased
and became the dominating influence OF
the session. The tone held steady enough
because of market comment that much OF
the cotton being sold out was being alb
serbed by trade interests. The decline con-
tinued until December stood at %. 80 and
the list showed declines under last week S
close of IL to IS points. At noon December
had recovered TO 23.1S.
fresh break followed a private bureau
report saying that the crop was turning
out better than expected, probably around
10. 500 900 bales and estimating ginning to
October 18th at about 1000, 900 bales. In
the trading up to 100 O'Clock, December
3dropped to % SO and the list to net losses
of % to IS points.
NEW ORLEANS COTTON
The following were the ruling prices In the
exchange today:
Tone, steady; middling, 23.1cc; steady.
Last Prev
Open. High. Low. Sale. Close. Close
Jan. %. 80 %. SO %. 80 %. 90 2.97 %. -
Mar. %. So %. 81 %. 80 % OF % 90 90. 10
May %. 35 % So % IS % 90 90 81 %. Os
July =. .15 23.15 22.77 22.s2 22.S3 22.87
Oct. :. %. "A %. "A % .O5 % 90 % 90 %. %
Dec. =. %. 40 % 40 %. SO 2.99 % 98 23:17
LIVERPOOL COTTON