Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-09-07
GRAIN

NEW YORK, Seut. 6-There was fur
Their decline in the cotton market during
todays early trading, but after opening
barely steady at loss of IL to 20 points I'M
der renewed southern hedging and scatter
ing liquidati ton, the market recovered 4
few points on trade buying and covering.
October sold off to 10000 at the start,
while December broke to 21.1Oc and these
prices seemed to bring in little more
scattered buying, part of which was Pc
lieved to be for southern mill account. De
Ecember later rallied to 21.25c with active
months generally showing gains OF 10 or 10
points from the lowest, but the tone was
nervous, owing to continued hedge sell n1ti,
which was said to come largely from South
Georgia and Texas. Liverpool reported the
decline was due to weakness in the Amer
lean markets RI. 49,,
opening while there a good deal of COW
erings and mid morning rallies were pro
noted by the bullish weekly report OF the
weather bureau. December sold up from
q 10 to 81 49, with active months gener-
ally showing net advances of to II points
and recoverieS of some % to 30 points from
early low levels. This bulge met further
hedge selling attributed largely to Texas,
south Georgia and Alabama interests, when
eased prices off a few points around mid
day.
Trading was quiet during the middle Of
the afternoon and the price movement mar
rowed with December ruling around 21.3O
or about net unchanged.
NEW YORK COTTON
The following were the ruling prices IN
Tone, barely steady; middling, 20. Sc,
quiet.
Oper. High. Low. Sale. Close. Close
Jan. 81. O3 81 .O3 90. 60 I'd. 60 20. 6S 81 10
Mar. =. 81. 10 81. 81 90. 10 81 20.S0 81. %
May =. Pip 21.2S 90. 6S 2O.66 2O.66 81. 20
July 80. .'.' '''' '-o'oo -l0o
Oct. 20. 95 21.17 20. 5s 2O.6O 2O.5s 21.1o
Dec, 1.1O q. 40 20. 10 O.S6 O.s5 81 80
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 6.-Hedge selling
and liquidation put the price OF cotton OIL Il
today but evidence eff increasing interest
in the crop reports from the government
caused rally which at the END OF the nifSs
to II points higher than yesterdays tinal
prices. After trading as low as 2O.29c'
October rose to 20.4Sc.
the government were regarded as distinctly
unnfavorable and the demand for contracts
increased with the result that the advances
were widened to 10 to 20 points, October rlS-
ing to 20 O. Liquidation from the long
side was encouraged by this steadiness and
at IL O'Clock October was off to 20. A.
During the last s n9qr s on 'hg the aa theory
advanced by brokers that hedge sellers VINO
had been waiting all day for good rally,
sufficiently sustained, were disappointed,
any way. At 1890 o'clock prices were OF
to 1895 for October, with the list at net
losses of thirty to forty-nine points.
NEW ORLEANS COTTON
The following were the ruling prices in'
the exchange today:
Tone, steady; middling, oO.5Oc. quiet.
Last Prev.
Open. High Low. Sale. Close. Close
Jan. o0.54 90 10 20. 10 20. % 2O.27 20. go
Mar. &C. SO 20 50 20. IS 20. % 90. 90 90. 90
MAY 90. 50 20 so 20. 24 20. 81 "a 20. 60
Oct. =. 20. 40 90. 81 10. So 2O.Oe oo.O5 20. 43
Dec. >. 20. IS 20 rs 20. O5 90. 81 20. 20. 55
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. Spot cotton,
quiet 80 lower; sales on the spot, los; to
arrice, 544; low fmddling, 1925; middling,
20. 80; good middling, 81. 80; receipts 54l;
stock, 1888.
ATLANTA SPOT COTTON i
Atlanta spot cotton .................20 .oOc
y Receipts ...'..'''''''' noo
Stocks OBSERVATION-DISCLOSURES. 3,OZo
LIVERPOOL COTTON
Tone, steady; sales, 1000; good mlddllnG'
Ii .02d.