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

NEW YORK, Nov. 1o.-The cotton market
opened barely steady at a decline of to
% points and showed net loss Of about %
to 80 points right after the call under liqui-
dation, scattered southern selling and local
selling for reaction. The trading was en-
eouraged by the relatively easy showing Of
Liverpool and talk Of a weak technical posi-
ton in futures after the big advance of the
previous day, but trade interests were buy
ers on the decline and the market soon
frmed up again on bullish spot advices from
the south. January rallied from 26.OS to
49, 80, and March from 29.95 to 26.14 during
the early trading or within to II points
Of yesterdays closing. The buying Of De-
cember by trade interests was attributed to
price-fi9ing and was one OF the features
Of the early market.
There was another wave of realizing or
liquidation which carried pr prices OF TO
2625 for December M and 26;oS TOT lam, Janu-
December was relatively weak under sell
ing by trade interests against purchases
ton for over the weekend was probably
promoted by continued nervousness over
the Turkish situation. The market steaded
again toward midday. however. on cover
ing, and continued trade or commission
house buying, which was encour ed by
private crop estimate of 1900, 900 bales ana
consumption for October. December sold up
to 1861 and January to 1886 early in
the noon hour, or back to about yester-
DAVIS closing figures.
The midday bulge met renewed realizing
and later fluctuations were irregular with
December ruling around $3.50 at O'Clock,
or 80 points net lower under liquidation
local selling.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, barely steady middling, 26.30c;
quiet.
Open. High. Low. Sale. Close. Close.
Jan. ..26.15 &c. So %. 95 &c OF &c. 90 &c. 33
March 20 10 &c 25 %. 81 % 90 %. 80 26. %
May ....25.7s % % %. SO 81. 81 %. 81 %. 95
July ...25.4 As %. So % % 25. 23 %. % %. so
Dec. ..26. 65 &c. 20 &c. 16 &c. 81 $50 26. 6S
NEW ORLEANS COTTON
NEW ORLEANS, Nov. 1O.-Realizing sales
from the long side. and poor cables resulted
in a drop of II to % points in the priceof
cotton soon after the opening today. Not
little of the selling appeared to be induced
by the holiday here tomorrow in observance
of Armistice day. Good support was Of
fered and this caused rally, the market at
the end of the first half hour business
standing 1 to 10 points higher than the
closing quota tons Of yesterday. Alter falling
to 25.SS, December rose to 26.1o.
After standing to 10 points up, the mar
ket commenced to feel heavy realizing sales
again, under which 1t softened. Mill TAX
ings OF 36S, 600 bales for the week. against
$50 900 this week last year, were regarded
favorably but caused little new buying. The
market gradually sagged and toward noon
was down to 1913 for December, with the
trading months at net losses of 25 to %
points.
The afternoon brought continued liquida-
ton of long contracts under which the mar
ket gave ground slowly. In the trading
up to 1:30 O'Clock the decline was widened
OF % to 81 points. December sank to
25.74c.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange TODAY:
Tone, steady; middling, 1851; steady:
Open. High. Low. Sale. Close. Close
Jan. RS so &c. O3 %. 81 25. 81 % 81 &c 90
March rs 65 25 s. so 25. 81 so 25. 81
May ...25. 40 %. IS 5.21 PA 25. 21 25. 40
July ..25.05 25.14 "a. so 80 "a. 80 % ~
Dec. ....25 90 Is. 10 %. 65 25. 65 IS. IS 26. 05
ATLANTA SPOT COTTON
Atlanta spct cotton ...............26 23e
receipts ssss's''.'''''' o,1OS
shipments aluminium" s'...'''. 'doo
Stocks .............. .''.'''''''' 'oo,o4Z