Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-09-20
observation-disclosures
COTTON

NEW AOftk, sept. lJ.-hdIH6I us
appointing Liverpool cables appeared
to be more than offset by reports of
further heavy rains in Oklahoma and
opened steady today at an advance
of 9 to II points. There was good
deal of covering after the reactions
of late yesterday and fresh buying
inspired by the unfavorable crop
news, which carried prices up to
1885, for Gctcher and 2S.32 for jan
uary during the early trading. This
made net gains of 20 to so points but
there was considerable scattered
southern hedge selling and a renewal
Of realizing which caused more or
less irregularity and reactions of sew
eral points from the best.
The market was easier in the
morning. There was bullish COM
ment on the weekly report of the
weather bureau but its showing had
evidently been discounted, and the
market weakened toward midday
under renewed realization and scat
tered southern selling. October sold
off to 1886 or five points net lower
and January declined to 2S.0S. The
selling was accompanied by talk of
a less active trade demand. Private
cables from Liverpool said it was be-
lieved that the remaining trade short
interest there was small.
The early afternoon declines extended
to 2SS5 for October and 27.90 for JaDu-
airy or about Is to 10 points net lower.
There was a little more buying at these
figures but rallies were not fully sustain
ed and the market was within five or six
points of the lowest around O'Clock.
NEW YORK COTTON
The following were the rulns prices a
the exchange today:
Tone, excited middling. 30.75c; quiet.
Open. High. Low. Sale. Close. Close
Jan. ..27. Of % 10 ~. 80 90. 10 IS. 90 IS. Oh
Mch. ..27 IL 10 % 81 30 90 2S.S5 2S.0O
May 81 .51 30. 10 27.15 81 $50 81
July ..27. IL %. 60 10 81 80 27.90 27..5
Oct. rs. 20 80. so IS. So %. So 20 80 300
Dec. rs. u 20. 80 rs. IS 20. 10 80 IS Is. Gi
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 19.-Furth- |
or rains in the northwestern section
Of the belt caused a rise of % to 80
points in the price of cotton during
the first hour of business today. |
Additional steadiness came from eX-
pectations of unfavorable weekly |
crop reports from the government.
October rose to $3.50 cents a pound. |
Poor cables were offset by a more
optimistic feeling regarding the Eu-
,opean political outlook.
y While the weekly crop reports
we're regarded as unfavorable they
lid not appear to be as unfavorable
IS expected and were followed by
heavy liquidation. Inu the trading
up to II o'clock, October fell to $3.50
where the list stood unchanged to Is !
points down, compared with the close |
Of yesterday.
At the lowest of the day October traded |
at 2S.16 Late in the session the market |
strengthened again and October shot up 70
$3.50 on more hopeful rumors in private |
cablegrams from Europe regarding the
chances of ending passive resistance in |
the Ruhr district.
NEW ORLEANS COTTON
The following were the ruling prices II
Tone, firm; middiing, 2925c; steady.
Last Prev
Open. High. Low. Sale. Close. Gloss |
SJan. ..2S.1S y. 90 27.69 IS. 20 2S. 20 81 50 |
Mch. ..2S.O5 so 27.J8 rs. % 2S.1S 27.G4 |
May ..2S. 90 %. 80 40 2s. O3 rs. 90 o. |
July ..27 40 27.7O 2G.87 27.7O ..... 27.1%
Oct ..29. II 20. 80 % 6 %. so 2S.75 2S.15 |
Dec. ..2S.75 30. So 2S.02 %. So IS. 2o.G |
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Sept. 19.-Spot cotton
steady, so points higher; sales the spot,
252; to arrive, 100; low middling, 2S.25c
fnddIing, %. 25c; good middling, 20. zoe.
Receipts, 5,4S6; stock, 5S,76l.
SPOT COTTON MARKET
Atlanta, steady, 29.75c.
New York, steady, 3075c.
New Orleans, steady, 29.25c.
Galveston, steady, 29.15c.
Savannah. steady, 29.10c. !
Wilmington, steady, 29c.
Norfolk. steady. pc,
Houston, steady, 29c.
Montgomery, steady 20. 13c.
Augusta, steady, 28,S0c.
Memphis. steady, 28.7jc.
Charleston, steady, 29c.
Dallas, steady, 2S.30c.
Little Rock, steady, 29.25c
Boston, steady, 30.J5c.
st. Louis steady, assoc.
Mobile, steady. 29c.
ATLANTA SPOT COTTON
Atlanta spot cotton .................2 9.7oc
Receipts Observation-Disclosures. 246
Shipments NEUTRALITY-SUSPICIOUS.. 1GS
stocks Observation-Disclosures. 6,09I
ATLANTA CoTTONsEED PRODUCTS
MARKET
Corrected by Atlanta Commercial EI
chanse.)
c. 3. meal, at common rate
Bid Asked.
Crude oil. basis prime, tank. S1O.25 ......
CottOnseed cake, per cent
car lots ..........
c. S. meal, 1 per cent
monia, car lots ........... SO. so 1000
c. S. meal, at common rate