Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-12-23
COTTON

NEW YORK, Dec. pa few December
notices were issued in the cotton market
early today but We're reported almost I'M
mediately stopped and the opening feature
was the covering of a few December shorts
who sent the price to 1915 or 40 points
higher. Other months opened unchanged to
IS points lower and after some 1rregularlty
sold % to SO points below Saturdays cloth
ing December eased OF to $3.50 after the
call or about 20 points from the best while III
January sold at 1866 and May at 32.41;
General business was quiet and attributed
largely to further evening up for over the
holiday. Cables were lower than due but
selling was held in check by the firm rul-
ing of the stock market.
Trading was very quiet later in the morn
ing but prices ruled steadier after the
early offerings had been absorbed, with
at midday, or net points higher to points
lower. The action of the market vas
taken by local brokers as indicating that
scattering account had been pretty we'll
governments crop estimate during the mid
die Of the month and that fresh incentives
would DC required to bring in fresh interest
The market turned easier after O'Clock
owing to a decline in New Orleans and
New Orleans selling here, while there was
also scattering liquidation on the easier tone
OF the stock market and higher call money
rates. January eased off from 300 to
$50 and May to 32.46 with active months
ruling about to "a points net lower.
NEW YORK COTTON
The following were the ruling prices on
the exchange today:
Tone, steady, middling? 80 .25c quiet.
Open. High. Low. Sale. Close. Clcse.
Jan. :. 1910 81. 90 SO. 50 Sc. So SO. S. SO. SO
Mar. =. "a. go "a. 76 81 .4S 1851 81 $40
May :. 80. 65 80. IS 80 40 "a. 81 81. 81 "a. 20
May 3. 80. s. 80. rs 80. As 80. so SO As 80. 20
July =. so. 90 81 .O3 80. ~ 80. so 80. IS sc. 90
Oct. :. % 20 S.45 IA 2s.1O 2s.1O % .S5
Dec. :. 1915 1915 SO. % SO. 30 So So $3.50
NEW ORLEANS COTTON
NEW ORLEANS, Dec. 22.-The most ac-
tive months were to points higher
around the first call in cotton today but
liquidation from the long side and at the
end of the first half hour of business the
list was ten to 26 points under the level
were rendered against December contracts
but the notices were stopped about as soon
as they appeared not being allowed to cir
culate. The issuanc eof notices did not ap
pear to be a depressing influence.
The large exports for the day increased
the demand for contracts and late in the
morning the trading months were 4 to %
points higher than the final prices of last
week. Export shipments reported up to the
noon hour amounted to about 200 bales.
which compared with total shipments from
all ports this day last year of 23,125.
iday feeling, but the undertone remained
steady on the large export shipments which,
during the day were increased until they
had totalled GO, 351 bales. At l O'Clock
prices were at net advances of 1 to points.
NEW ORLEANS COTTON
The following were the ruling prices on
the exchange today:
Tone, steady; middling, 40c, steady.
Open. High. Low. s saSt Close. Close EGse:
Jan. LBS. 20 3S. 80 3s. 90 3S.15 SO. 10 SO. %
Mch. ...35. 80 So 48 35. IA 30. 80 35 81 So 40
May ...33. IS 33 40 33 OF 33. % SO. IS 80. 80
July ...31 % 81. So 81 % 81. 81 81. 23 81 80
Oct. ...2S. % 1887 %. II $3.50 .... 28. 40
Dec 40. 10 40. 10 40. 90 40. 90 $50. 40. IS
SPOT COTTON MARKET
Atlanta, steady, 39.35c.
New York, quiet sc. 25c.
New Orleans, steady, 4Oc.
Philadelphia, steady, 39.50c.
Galveston, steady 41.75c.
Montgomery, steady, CSC.
Boston, steady, 39.25c.
Norfolk, steady, 37.75c.
Savannah, steady, soc.
st. Louis, steady, 4Oc.
Houston, steady, 40.75c.
Memphis. steady, 4Oc.
Augusta, steady, 49, Sc.
Little Rock, steady, Acc.
Dallas, steady, 4O.75c.
ATLANTT SPOT COTTON
Atlanta spot COTTON ..'............. 9.5oc
Recelpts ''' "'' ''''.''''''.'.. 0to
shipments .... ....... ,53l
Stocks - s......... 3S, 1854