Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-09-22
observation-disclosures
COTTON

NEW YORK, Sept. 21.-The cot
ton market was easier during to-
days early trading under realizing
and selling for a reaction which was
promoted by relative easy cables and
reports of better weather prospects
in the south. The opening was
steady at a decline OF s to Is points
and there was considerable buying at
the start on overnight orders. The
demand was soon filed, however,
with October easing off to 1888 and
January TO 2S.45 or about S5 to 8!
points net lower shortly after the
oDening. There were rumors that
one Of the southern authorities estl-
mated the end-September condition
at 1913 and the indicated crop at
1900 900 bales which probably had
an unsettling effect on the early
market, although there were also
rumors of another report making the
condition so. and the indicated yield
only 10,1SS,O00 bales.
After selling off to $3.50 for Octo-
Der and 2S.33 for January, or about
40 to so points net lower on the gen
eral list, prices rallied on covering.
There was further realizing and To-
cal selling for a reaction on the
bulges but the offerings were lighter,
and the volume of business tapered
off later, when there appeared to be
a disposition to even up commitments,
pending q better line on the end-Sep-
TENDER condition figures. At mid
day the market held around $3.50 for
October, with active months general
ly showing rallies of about IS or 20
points from the lowest.
The early afternoon declines eX-
tended to 1920 for October, but the
market firmed up again towards 2
o'clock on rumors that there were
indications of a tropical storm dis
turbance in the West Indies. o.
tober rallied to 29.66, or within four
points Of yesterdays closing quota
ton.
NEW YORK COTTON
Tie following were the ruling prices u
the exchange today:
Tone, steady; middlins. 50.10c; quiet.
Open. High. Low. Sale. Close. uj Jos"
Jan. rs. 60 2S.75 IS. % %. 40 IS. 81 %. so
May .2S. As %. SO 2S.l5 %. 10 IS. Is IS. 81
July .27 80 100 81. 80 81. so 81 so IS. 90
Oct. 30. IS %. IS 20 20 %. 33 30. 80 29.7O
Dec. 20 20 % % 10 %. so 81 So 30. 81
NEW ORLEANS COTTON
NEW ORLEANS. Sept. 21.-A
better opinion of weather condi-
tons over the belt and private
crop estimate of 100000 bales,
combined with poor cables, caused
a drop of 42 to So points in the
price of cotton during the first hour
of trading today. October fell off
to 2S.44 cents a pound. Most of
the selling appeared to be the re-
suit of liquidation of long con-
tracts.
A private crop report of so per cent
of normal as the condition, Indicating
q yield of but 1O,27S,000 bales, had
little effect on the market beyond
steadying the tone. Scattered sell
ing continued On expectations Of bet
ter weather over the belt. Toward
IL o'clock October was off to 2S.42
with the list at losses of ~ to SIS
points.
At the lowest Of the day prices
were at net declines of A to SO
points. October did not make a new
a-fAy in the late trading. Scattered
buying came into the market, and
it was sufficient to cause small up
turns, October at 1880 o'clock stand
ing at 1883.
NEW ORLEANS COTTON
The following were the ruling prices IL
the exchange today:
Tone, steady; middling, 29c; steady.
Last PREY
Open. High. Low Sale. Close. Close
Jan. %. so 2s. 80 %. 05 o8.1O IS % IS. sc
March .2s.2j 2S. so ~ .95 ~. 80 -. 30 IS A.
May .2S.07 IS. 10 81. 50 81 So % so %. so
July ~ so 81. so 81. 50 81. 30 81. So q. 60
Oct. %. IS % So IS. 81 %. 81 2S.37 IS. 81
Dec. PSI 10 %. 10 2s. So %. So 2S. so IS. 81
SPOT COTTON MARKET