Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-11-23
COTTON

NEW YORK, Nov. 22.-The cotton market
was influenced by disappointing Liverpool
cables at the opening today and first prices
were steady but from L. to % points lower.
There was light commission house liquida-
ton, some spot house selling, and little
selling for southern or New Orleans account
during the early trading. The offerings
were not heavy, however, and the market
held fairly steady on "a moderate demand
which seemed to come chiefly from wall
street and some local houses. January con-
tracts sold down to PSI after the call, but
later rallied to 1926, with active months
ruling some five to seven points net lower.
Private cables reported lack of buying
power at Liverpool with osme re-selling ow-
ing to poor trade in Manchester,
The early bulge met increased offerings
because of the continued ease of LNcrCoA!
and private reports of poor spot demand
sidered in line with the small sales Of
ficially reported in the leading southern
markets yesterday, and the showing If Liv-
erpool was evidently a disappointment TO
some of yesterdays buyers. January sod
off, to 25.01 or twenty whine points net low
err, but at this price the market was
steadied by recent renewed covering ate
showed rallies of ten or twelve points iroEi
the lowest around midday.
The market weakened during the early
afternoon owing to a continued lack of de-
mand and scattering IHIntudlloH' -hatNl'
contracts sold off to 14.9Sc, making new
low for the day and net decline OF 80
points, but general business remained very
quiet and prices were or 6 points up from
the lowest around O'Clock.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 2o.2Oc
Omen. High Low. Sale. Close. Close.
IAN. .. is %. % "a. 90 % 90 %. 0s -. 30
Mar. >. % 20 %. 26 24.96 25.1O 25.07 2.3l
May :. %. O6 %. IS "a. So 24.96 24.9 25.2o
July q. 6s "a rs 81. 80 les 24.66 a. 81
Oct. %. O2 % 90 90. SO 22.95 ..... %. IS
Dec. %. 20 % .25 24.92 $500 25.07 25.32
NEW ORLEANS COTTON
NEW ORLEANS, Nov. 22.-Prices were
lower in the early trading in cotton today.
I,iJMrpool was poor and reports were received
over private wires Of reduced running Tune
among some American mills. In the 1lrst
half hour of the session prices fell - to 20
points, December sagging to %f.oo cents
u pound. .. ,
a small demand for spiot cotton or Amerl-
can growth caused a moderate increase IN
offerings of contracts and the decline final
Iy was widened to "a to 33 points, Decem-
Der trading down to "a. 40. Weekly crop
reports from the government attracted some
attention because of their mention Oh pp
crop in Texas, but they did not cause mucn
selling because of private estimates that
this top crop would not ar amount TO c, more
than from $4,000 to 100 600 bales. Clalins
that Carolina mills were buyers of spots
here gave the market steadier tone anu
a tnoon December stood at 24.6o.
Selling Increased in the afternoon: much
Ct it appearing to be in the way OIL ! npol
dation by traders Oh the long slde III pref
sration for first December notice dag;
which is Friday In the trading up TO t;'9o
o'clock the decline was widened to 81 10
36 points on the most active months. De
ccmber fell to 24.46.
NEW ORLEANS COTTON
The following were the ruling prices IL