Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-12-30
COTTON

NEW YORK, Dec. 29.-Liverpool fully
met over-holday advances in the cotton
market here, SO ar as present crop deliv-
! cries were concerned. The local market
opened at decline of 2 points on October
but generally to 26 points higher in re-
Spouse to the cables, with August show
| ing an advance of 80 points on re-
newal of last weeks buying movement
| There was active realizing, however. while
covering was much less active than on
turned easier with March selling off from
1910 to 1888, and July from $3.50 to
1915, or % to 81 points net lower, before
the end of the first hour.
There was southern selling on the early
decline which was believed to be partly
against actual or in liquidation of mill
hedges, and the talk of an easier technical
position was accompanied by considerable
pressure from Wall street and western
sources. Spot house brokers were buyers
of near months later in the morning and
ed, prices recovered most of the loss with
March selling up to 1898 and July to $3.50
around midday. Talk of higher call money
rates had an unsettling influence and the
Exports aggrey1iing 10000 bales for the
day helped the tone Of the early afternoon
market but after selling at IS 90 for March
and 32.G3 for J@uly, about 3 to points
net higher. prices turned easier under real
iznG. The continued advance in call money
rates also was q factor on reactions o. ABOUT
20 to 81 points in the later trading.
NEW YORK COTTON
The following were the ruling prices on
The exchange today:
Tone, steady; middling, 3025c, quiet
Open High. Low. Sale. Close Close
Jan. 1880 $500 81. 40 1915 37.70 81 .92
AIch. 80. 10 SO. 10 So 80 81 IS so So 05
May ...34 .25 "a 81 80. So 80. 81 SO. So "a. 10
July ...32. 81 80 so 81. "a 50. 20 81 20 80. SO
Oct. -. %. SO %. 50 2S. o. 80 OS 20. O5 %. 50
NEW ORLEANS COTTON
NEW ORLEANS, Dec. %. Trade buying
and covering by shorts were responsible for
wide gains in the price of cotton TODAY
Much of the buying was stimulated by the
rise in the New York market over the
holidays here but much Of it was due to re-
ports Of continued immense business being
done by English mills. During the first
half hour of the session prices advanced
36 to 103 points, the distant months being
the strongest.
Eary+-exports of Co., 900 bales of cotton
from the United States ports, against only
1927 bales this day last year, held the
market steady i'll the face of some little
realizing by longs. Late in the morning
the trading months were at advances of
Sc to SO points.
Talk of large export movement during
the week as the result of efforts to clean
up old year business kept the market steady
and one of its spurts widened the net adj
vance to 40 to 115 points. The hard spot
stimulated realizing from the long side and
values reacted to a moderate extent. At
l O'Clock the trading months were SO to 81
points higher than the final prices of last
week.
NEW ORLEANS COTTON
Inc fclo"lng were the ruling prices Oh
he exchange today:
Tone, steady; middling, 4Oc, steady.
Open. High. Low Sale Close elise
Jan. .. 80. So 80. 45 50. so IS. 80 SO. so SO 80
Mar. 80. 40 81. 08 sc. 90 SO. IS SO. IS 80. "a
May >. "a. 65 30 SO 90 "a 10 "a. 10 80. 90
July >. 80. O5 80 OS 80 % 80. SO 80. 80 81. 81
Oct 90. 60 %. 60 %. 10 % Is % .O8 %. 40
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Dec. 29.--Spot cotton
luiet and unchanged. Sales ON the spot
3S5; to arrive 1913 Low middling SO %
mddling, 1000; good middling, 41.75. Re,
celpts 11,O24; stock 467 ,239.
SPOT COTTON MARKET
Atlanta, steady, 3950c.
New York, steady quiet, 43.92c.
New Orleans, steady, 4Oc.
Philadelphia, steady, $500.
Galveston, steady, 4275c.
Montgomery, steady. 3S.65c.
Boston, steady, 39.5Oc.
Norfolk. steady, 3S.25c.
Savannah, steady, 80. G0c.
st. Louis, steady, 4O50c.
Houston, steady, 41.5Oc.
Memphis, steady, 40c.
Augusta, steady, 39.25c.
Little Rock, steady, 40.75c.
Dallas, steady, 41.95c.
ATLANTA SPOT COTTON
Atlanta SPOT cO,tOn =. E. E. . 80. SOC
IteSelptS .......... None
''Ht pIHtIlS None
LIVERPOOL COTTON