Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-10-12
COTTON

NEW YORK, Oct. 10.-The cotton market
opened at an advance of one point on Octo-
Der but generally to points lower in
response to relatively easy Liverpool cables
and realizing. There were rallies right
after the call on continued bullish reports
from the cotton goods market and southern
spot centers, but the south was moderate
seller here and after selling up to 21.JO
for December or about points net higher,
the market eased again. The bulge seemed
to meet increased realizing sales, while the
buying was less active than yesterday and
there was some selling for a reaction.
There was some trade buying but reiter-
ated bullish reports regarding the spot sltua-
ton and increasing mill activity failed to
stimulate any general demand, and the mar
ket later worked gradually lower under scat
tering liquidation and local selling. Decem-
Der eased off to 21.6S with active months
generally showing net losses of II to 20
points and trading remained very quiet
around midday, although prices showed raj
lies Of to points from the lowest.
There was a steadier tone during the mid
die Of the afternoon on reports that mills
had been buyers on the forenoon decline,
continued absence of southern hedge selling
in any important volume and covering. De-
cember sold up TO 81 SIC, or within points
Of yesterdays closing around O'Clock.
NEW YORK COTTON
The following were the ruling prices in the
exchange today:
Tone, barely steady; middling, 21.65c,
quiet.
Open. High. Low. Sale. Close. Close.
Jan. ...21.67 81. so 81. SO 21.56 81. SO 81 rs
Mch. -. 81 so u. 81 81 .6621.71 21.70 81. s.
May ...21.74 81. So 81. so 81 81. 65 81. so
July ...2157 1.61 so 21.5O $50 81 go
Oct. ..21.5s 21.5S 81. 3S 21.4O 21.4O 81. 81
Dec. ...21. Sc 21.91 81. 6s 81. go 81 SO 81. So
NEW ORLEANS COTTON
NEW ORLEANS, La, Oct. 10.-0vernight
selling orders put the price of cotton to 8
points lower around the opening today but
a new demand met the easy spot and and
at the end of the first half hour of the
session the active months were to 10
points higher than yesterdays final prices.
December fell eff to 21.13 and then reacted
to 21.30. Favorable spot accounts from the
interior were back of the buying.
Realizing sales from the long side, hedge
selling and new selling for short accounts,
due mainly to uncertainty over interna tional
politics, caused a gradual sag to 2104 for
December and to net losses on the list of II
to 20 points. At mono the tonewas steadier
with December <at 81. Is.
Private kilograms from Texas, telling of
the formation of a new holding movement
in that state, sent the market to its highest
levels of the day, December towadr 1870
o'clock standing at 21,35. Active months
were sent to net gains of ID to Is points.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone. steady; middling. 21.13c; steady.
Last Prev.
Open. High. Low. Sale. Close. Close
Jan. 20 81 40 81 .O7 21.17 21.13 81 .27
Mch. ...21. so Las 21.16 81 % 81. 20 81 SO
May ...21 90 21.45 1.12 21.19 81. IS 81 80
July ...21. 10 81 % 10 21.21 81. 05 81 II
Oct. ...21.15 81. So 21.12 81 "a 81. 10 q. %
Dec. ...21.15 81. SIS 81. O4 21.12 81 .08 81 80
ATLANTA SPOT COTTON
Atlanta spot cotton .................21. Csc
Receipts NEUTRALITY-SUSPICIOUS.. 2,949
Shipments Observation-Disclosures. 2,CS7
Stocks Observation-Disclosures. 20, $50
SPOT COTTON MARKET