Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-09-26
GRAIN

NEW YORK, Sept. 25.-The cotton mar
trading, owing to the more favorable view
of European affairs, the steadier ruling of
foreign exchange rates and relatively steady
liverpool cables. An opening advance Of
TO points here encountered considerable
southern selling, presumably in the way OF
hedging. There were also scattered realiz-
ing, but the offerings were absorbed on
comparatively slight setbacks and the under
tone Of the market remained steady with
December working up to 21.50c and jan
uary to 21.33c, or about 10 to II points
net higher. Liverpool cables reported a
falling off in southern offerings and de-
cidedly better feeling over the Near East
ern situation.
The early advance extended to q. SO, for
December or about Is to 15 points net higher
but demand failed to broaden materially and
the market eased later. Liquidation OF octo-
Der in preparation for possible notice tomor-
row had an unsettling effect, and there was
probably scattering liquidation by early buy
ers who were disappointed over the response
to the more optimistic European news sd
the higher Liverpool cables. December eased
off to 81 20, or IA points net lower but there
was trade buying on a scale down and the
market held fairly steady around midday.
The comparative light midday rally met
a renewal of scattering liquidation and
sound selling, which sent October off to
20.S7c and December to 21.15c during the
middle of the afternoon or about % to 27
points net lower.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middlng, 21.15c, steady.
Last Prer.
Oper. High. Low. Sale. Close. Close
Jan. ...21. % 81. 35 20. OIL 20. 90 20. 9s 81. %
Mch. ..!21.29 81 .3s 100 21.os 21.o7 21.2
May ..21. % 81. 80 2O.94 2o.99 2O.97 21.16
July 20. 96 81. O2 PHO 2O.76 2O.s2 2o.92
Get. ...21. 20 21.27 $50 2O.91 2o.ss 21.13
Dec. ...21. so 81. 55 81. IL 10 21.1S p. 40
NEW ORLEANS COTTON
NEW ORLEANS, La, Sept. 25.-Favor-
able foreign news of over Sunday caused
rise of IL to II points, in tn eprice OF
cotton during the first call today, but scat
tered selling met the advance and increased
after the call, the pressure being felt most
by the near months. Much of this selling
appeared to be due to uncertainty over what
TO expect in the way of October tenders,
tomorrow being first notice day for that
MONTH At the end of the first hour OF
business prices were 4 points down to 3
points up, compared with the close of last
week. October rose to 20.S0c and fell back
to 20.64c.
For a while war news dominated the mar
Eef, IN erep0rC over private wires tndI lHe
Turks were moving up TO within striking
distance of the Dardanelles causing heavy
selling under which pricse fell off to 20.46c
for October and to net declines of Is to %
points on the list. At noon the market was
steadier, with October at 20.57c, en- runners
that Turkey had accepted the British pro-
pesals.
Considerable hedge selling felt after
the noon hour but it created little excite
nient, most brokers and traders considering
1t natural tina such sales should be large
with ginning as heavy as it is. Toward 1:30
o'clock prices were 81 to 80 points under
the close of last week with October off
TO 20.39.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange TODAY:
Tone, steady; middling, 20. soc, steady.
Last Prev
Open. High. Low. Sale. Close. Close.
JAN. 30. 90 20. 94 20. 40 20. % 20. 81 20. 80
Mich. 30. so 20. IS 20. 40 20. 43 20. 43 20. 81
May ...2O.75 20. II 20. 81 20. 3S 20. So 90. 6S
July ...2O.67 20. 81 20. As 2O.4s 20. % 20. so
Oct. 20. 80 20. so 20. "a 20. 81 20. 81 20. 70
Dec. 20. 95 20. 95 20. As 20. 80 20. so 90. 80
NEW ORLEANS SPOT COTTON
= NEW ORLEANS. Sept. 25.-Spot cotton.
steady and unchanged. Sales on the spot.
232: to arrive. 1,19S. Low middling. 19.25c;
middling. 2050c: good middling, 21.25c.
Receipts, 7,27S; stock, 81 1872,