Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-10-27
observation-disclosures
COTTON

NEW 1O1kkA, OCbs LIZ N~N~
lures at the opening of the cotton
market today was the jump in the
price Of October which sold at S1,3O
on the call or 80 points above yes
terday's closing on covering by
shorts. According to early esti-
mates az October notices were is
sued. but they were evidently ex-
pected to be promptly stopped and
there was a furry to cover short
contracts before the final explra-
ton of the contract at noon today.
The general market opened firm
at AN advance of rs points for De-
tober and off II to 20 points on
other months, owing to relatively
steady cables and reports of con-
tinued cold weather in the belt. De-
cember sold UP to 29.40, and Janu-
ary to 1880; but there was a good
deal of realizing at these prices
which caused reactions of 20 or 20
points during the early trading.
The census report was closely III
line with the forecast showing
6,400, 579 bales ginned to October H.
A great many realizing sales were
absorbed by covering and fresh BUY
ing on the early declines and after
selling off to 300S for December or
2 points net lower, the market raj
lied on the western belt forecast Tor
rain, snow and freezing weather over
the greater part of that section. De-
cember sold up to 1925 or 10 points
net higher but the advance met re-
newed realizing and prices were sew
eral points off. from the best around
midday. Additional October notices
issued during the morning, bringing
the total up to about 10,0OO oales,
but the October premium increased
and that position went out at 1o2
points over December selling around
31.20 just before midday.
Trading was quieter during tne
middle of the afternoon but prices
held steady around 1924 for Deem
Der and 20 Ga for January or ABOUT
four to ii points net higher.
NEW YORK COTTON
The following were the ruling prices in the
exchange today:
Tone. steady; middlng, 81 75c. quiet.
Open. High. Low Sale. Close. Close
Jan. %. rs 80. 90 90 IS 80 .03 30. 90 $3.50
Mar. =. %. 83 3o.12 30 IS 80. 04 30. Oh 29.7o
May %. So 80 20 1915 So.15 3o.15 29.75
July :. 20 As SO. 65 29.15 9.5s 90. SO 1925
Oct. :. 80. 90 81. 80 $50 31.20 go. 1880
Dec. 80. 40 80. IS 3O.Os 80. "a SO.5S 1910
NEW ORLEA, COTTON
NEW ORLEANS, Oct. 25,-Better
cables than due and continued ab
normally cold weather over the belt
caused buying on the opening OF the
cotton market today. Ginning Ilg-
ures to October IS of 6,4OO,579 bales
lust about met expectations and did
not have much influence, although
the output of the gins was regarded
as small for. this time of the year.
After advances of 20 to 81 points
prices fell off at the end of the first
half hour to levels one point over TO
four points under the close OF yes |
terday. December traded up to 29.9O
cents a pound and fell back to 1888.
New buying, based on the con-
tinued cold weather in the belt |
about balanced the realizing sales !
from the long side and fluctuations
became narrow. At the lowest of
the morning prices were one to SIX
points under the close Of yesterday. !
AT noon the list was six to ten |
points up, net, with Decenper at
1880.
Late in the day sudden strength |
was assumed and prices were shot
upward to new high levels for the
season. Heavy buying for large in
terests was supposed to have been
stimulated by prospects of further
lnfavorable weather in the belt. At
1880 o'clock December was up to
30.13. with the active months 81 to |
40 points higher than the last sales
of yesterday.
NEW ORLEANS COTTON
The following were the ruling prices II
the exchange today:
Hone, very steady; mlddllng' oo'z oc'
steady.
Open High. Low. Sale. Close. Close
Jan. %. 80 80 90 30 so % 90 90. 80 20 50
Mar, :. 20 10 %. 90 20 so 20 80 %. s5 90. As
May :. % IS 20. rs 20 So 9.75 90. 72 20. 40
July :. 90. % %. "a %. 80 % 81 20. 80 $500
Oct. %. ST 20. 81 20 So 90. So 20. SO 30.0S
Dec, :. &c. so 10 20 IS 80. 90 30.0 1912
1por roTT0N MARKET