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

NEW YORK, Sept. 1S.-The cotton mar
ket was unsettled by easier Liverpool ca
bles and uneasiness over the Near Eastern
situation at the opening today. First prices
were easy at a decline of 10 to % points
and active months sold 33 to 81 points ret
lower during the early trading, with De-
cember selling off to close under liqu;da-
ton by recent buyers, while there was
also considerable selling by the south. New
Orleans and trade interests were buyers
q scale down and there was probably some
scattered local buying on the possibility of
---~ms - the southwest, but the early
trade market appeared to be dominated ny
the foreign news. Liverpool reported a poor
trade demand with speculative support re-
stricted by unfavorable political conditions.
Some stop orders were uncovered and the
break extended to 21.02c for December. At
this figure, however, there appeared to be
more demand and the market was steadier
around midday on covering, with December
ruling around 21.07c, or about points up
from the lowest. Trade interests were re-
ported good buyers on the decline and there
was scattered buying late in the forenoon
on belief that many of the contracts sold
recently had gone into strong hands.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; midding, 21.40c; steady.
opep. High Low. Sale Close. Close
Jan. :. .12 81 20 90. 81 81. is 81. 13 81 "a
Mar. =. 81 20 81 .27 20 81 81. 81 81. % 81. 43
May - Ills 21.25 80 21.15 21.15 q 40
Oct. :. 21.1O 21.13 20, so 81. IA 21.14 81. 25
Dec. :. % .33 21.OO 21.33 21.2S 81. 45
NEW ORLEANS COTTON
4
news was considered highly, favorable in
the cotton market today and in the first
hour of the session prices fell % to 60
points, or approximately So a baleN Liver !
pool was poor and the passage of the West
Indies hurricane away from the cotton re
gion removed source of support. OCTOBER
fell off to 20.09c.
The market made some attempts at re- |
covery on reports Of a rising sept basis in |
the interior and much better demand nearly |
everywhere but war news dominated in the !
end and toward IL o'clock prices were at |
the lowest of the morning, at net losses of |
5S to 63 points October did not make !
new low but January fell to 20.29.
Late in the session much attention was |
paid to reports that local spot houses were I
doing a large business with domestic mills !
At 1890 O'Clock October stood at 2O.42c, |
with the list at net losses of but % to 30 |
points.
NEW ORLEANS COTTON
The following were the ruling prices In |
the exchange today:
Tone, steady; mlddl1ng, 2O.oOc quiet.
Open. High. Low. Sale. Close. Close |
Jan. :. 20. G7 20. SO 20. 30 20. 81 20.G0 20.91 !
Mar. :. 20. &c 10 20. Al 20 60 20. &C 21.00 /
May =. 2O.74 IA 20. SO 20 81 20. 81 90 95 .
July :. 90. As &c. As 20. 43 20. 43 800. 20. sc |
Oct. :. &C. As 90. 4S 20. 90 20. 80 20. SO 90 81 |
Dec. 20. 10 20. 10 20. 25 20. SO 90. "a 20. IS |
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. 1S.-Spot cotton, |
steady; 80 lower sales on the spot 50; to |
arrive, 2,O53; low middling, 10. %; middling, ;
20.50 good middling, 21.25; receipts, 4,OOS; ,
stock, 5S,371.
ATLANTA SPOT COTTON
Atlanta spot sales SO. ........ p .2oc
hecelpIS 1,1-o J
shipments oZ
LIVERPOOL COTTON
Tone, barely steady; sales, $1,000; good mid
ding, 10 .35d.