Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-09-13
COTTON

dictionary sentiment winch develop
ed in the cotton market after the big
advance of yesterday, was in evil
dence again at the opening today
It was encouraged by the\ slightly
easier showing of Liverpool and re
ports of favorable weather in the
south but after opening barely
steady at decline of IL to Is
points, prices turned firmer on re
newed buying. There was a good
deal Of scattered realizing and some
southern selling on the initial de-
cline to 1855 for October and 27.03
for January, but trade interests
were buyers while there wereI scale
down buying orders, and an upturn
in Liverpool right after the local
opening started some covering here
AS a result October soon rallied to
i27.99 and January to 27.3O, or to
10 points net higher.
The early rally extended to 2S.0S
for October and 27.47 for January
or 90 to 81 points net higher. The
bulge encounted increased realizing
or selling for reaction, however,
and the market was nervous and
irregular later. There appeared to
be contracts for sale around or just
above the ascent level for October,
while buying increased on dips be-
low that figure and the market was
quieter at midday with active
months rallying about 10 to IA points
net higher.
There was sharp rally early IN
the afternoon on reports of trade
buying and covering by early sellers.
October advanced to $3.50 and jan
uary to 27.70, or As to so points
net higher, but there was renewed
realizing at these figures and the
market was rather unsettled at
o'clock with prices several points off
from the best.
NEW YORK COTTON
The following were the ruling prices ii
the exchange TODAY:
Tone, steady middling, 90 45c; quiei
Open. High. Low. Sale Close. Close
Tan. 81. OF 81. 10 q. 90 %. SO 81 60 81. 20
Mar. :. 27.O5 7.72 81 .OJ 81. IS 2.60 q -
May 27.O7 7.65 27.07 1888 27.5S 27.20
July :. 26. 70 81. 50 2G.70 27.Os PIP $500
oct. =. 27.TO IS. so 27.65 2S.19 2s.17 27 So
Dec. =. IS 2s.1O 81 30 "a 27.94 %.
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 11.-Liqui-
dation of the long account was
against prices on the opening of the
cotton market today, but. after de-
clines of II to "a points new buying
CT n
gains over yesterdays close of II to
% points October fell off to 26,9S
cents pound, and then rose to 27.39.
Continued dry weather over the belt
and the forecast of fair weather to
come in nearly all sections seemed to
hold the buying movement in check,
and at the end of the first hour
prices were about Is points off from
the highest.
The market turned quiet but very
steady and slow but persistent de-
mand sustained it, gradually forcing
it higher until soon after II o'clock,
October was at 27.43 with the list at
net gains of % to SO points.
Support was effective for awhile
ard it finally carried October up to
1852, with the list at net gains OF
&c to So points. The foreign political
news of the day was considered I'M
favorable and it checked the ad-
vance and caused fresh reactions of
a moderate kind. At 1890 o'clock
October was off to 27.46.
NEW ORLEANS COTTON
The following were the ruling prices Il
the exchange today:
Tonc, very steady; middling, 27.50c
steady.
Last Prev
Open. High. Low. Sale. Close. Tlost
Jan. :. 2G.SG 27.47 &c. II 81 "a 81. 81 81 .G1
Mar .. &c. so 81 IS 26.76 81. 80 PA 26. Sc
May :. %. so .1G %. 60 81 OF .O2 2G. SIS
July E. 26. IA 20 10 26. 60 26.7 90. rs 26. sc
Oct :. 200 81 62 26. GS ~ Al PA 27.1
lee. :. IS 30 27 so 2G. 90 - As 81 45 81 OF
SPOT COTTON MARKET