Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-01-07
COTTON

NEW YORK, Jan. 6.--The cotton market
was extremely nervous and unsettled during
today's early trading. 4 sharp break in the
Liverpool market was attributed to improv-
ing shipping conditions as reflected in a
statement by the British minister of ship
ping conditions as reflected in statement
by the British minister of shipping to the
effect that the ending of hostilities had made
tonnage available for imports to the British
lies equivalent to an increase of 100000
tons per annum. This was considered IA
vorable in it's bearing upon probable ex-
ports of cotton but Liverpool was a good
seller here while there was also considera
BILE selling for southern account and after
opening firm at q decline of So points to
advance of 6 points with January touching
81 .85 and March 2G.70. Near months were
relatively easy and additional January no
tees were reported in circulation amounting
to about 500 bales.
The market continued weak and unsettled
late in the morning owing to further general
LIQUIDATION and southern and Liverpool SELL
ing. March contracts broke to 1852 and
May to % .27 during the middle of the day
with active months generally selling ABOUT
so to II points under Saturdays closing 1ls-
pres The southern selling here was more
active than recently and probably increased
the nervousness of old longs ana stop-loss
orders were uncovered on the decline, where
there also was selling on claims that lower
prices would be necessary to create a nor
NAL market for cotton goods.
Washington reports that a bill would be
introduced in congress tomorrow seeking to
limit the rddes deliverable upon contracts
seemed TO increase nervousness during the
early afternoon. The break extended to
26. 20 for March and %. Is for May in con-
sequence, with active months selling some
rs to 80 points net lower. There was enough
covering at this level to cause rallies of
% to 80 points toward o'clock, but the tone
was unsettled.
Market closed steady, 35 to 60 points
down.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; midlindg, 31.9Oc, quiet:
Open. High. Low. Sale Close Close
Jan. :. o. 90 %. 20 27.75 2s.O6 2s.O6 %. so
| Feb. =. Gee. &C.. go. 80. 1915 q. 35
Mar. .. %. 20 20. 90 %. 10 6.55 1854 27.O
Nav =. %. 70 %. So %. 10 % SO, %. so &c. 90
July =. "a. 80 % .os "a. OF lbs 24.75 25. Ii
| Aug. Z0.oo "a oO
Sept. =. %. 65 %. IS %. 80 22.3 80 % 65
Oct. :. %. so %. so %. 90 2.1O 10 % SO
NEW ORLEANS COTTON
NEW ORLEANS, Jan. 6.-Bear pressure
! was felt by the cotton market today around
the opening and prices responded by drop
| ping SO to 46 points in the first half hour
of trading. The tone was steadied at the
decline by reports of lower ocean freight
rates out of Galveston.
Selling pressure continued and forced
| liquidation from the long side. At the low
| est levels of the morning prices were 70
to so points down. At noon the market
| was steadier on large mill takings for last
week, 1868 900 bales, according to the de-
| layed statistical statement made during the
morning.
After reaching levels 81 to SS points
| down the market met realizing from the
| short side on which at l o'clock it recov-
cred % to % points from the lowest.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 3O.75c, steady.