Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1920-01-16
COTTON MARKET DEMONS

Marry, Rogers Il Auchincloss We are
inclined to favor purchases in weak mar
kets.'
j. W. Jay & Co.: 1--WE expect good
upward movement should foreign advices
become more reassuring."
Moyse & Holmes: I'VE would take ad-
vantage of these markets by buying July
contracts
Hirsch, LilienthaI & Co.: Leading fl
nancial interests appear determined to force
further liquidation of both stocks and COM
modities, and temporarily it might be bet
ter to watch developments"
E. w. Wagner & Co. 1.-THE labor sit
uation both at home and abroad is not pro-
pitious and the popular cry is for deflation
and it should be remembered that vox pop
uli is vex dei.''
Hubbard Bros & Co.. 1.-The market of
from a broad point of view we do not ex-
pect any material advance and if anything
the continuation of liquldati ton of old con-
tracts
S. NJ. Weld 4 Co.: "While the reaction
may go little further, we would not
ommend the short side as we see no reason
to change our expectation of much higher
prices eventually"
SHEPARD AND GLUCK COTTON LETTER
NEW ORLEANS, Jan. 15.-The price of
cotton was lifted today by a sudden revival
of bullish sentiment due to rumors of the
settlement of the threatened English rail
road strike and the talk of ratification of
the peace treaty by this country. Buying
was further encouraged by a much better
feeling in the spot department and reports
that 1000 bales were sold here after hours
yesterday. A better demand for the low
grades was claimed. Should spots develop
continued activity. contracts would move
up to higher levels.
JOHN F. CLARK & co. COTTON LETTER
NEW ORLEANS, Jan. 15.-After holding
at about so English points above parity for
several days, Liverpool today reacted and
showed 20 to 80 lower than due, with spot
quotations sc down: sales, 5000 bales On
oil hIit
when 1t became known that the English
railroad trike was settled, the workers ac-
cepting government terms, which explained
the easiness on the bulish ground of bet
ter trade and import prospects, demand was
encouraged and an early reaction of 10 to 20
points was swiftly turned into an advance
of 80 to 40 points from the lowest.
Continental news also read somewhat bet
ter, the government in Germany seems to
keep the upper hand and the allies offered
assistance to maintain order. They want
Germany and soviet Russia, which would
menace all of western Europe.
FROM washington came news, Of definite
etotrts TO bring about settlement of the
treaty shortly. Some in the election to-
day by Democratic senators of n leader to
succeed the late Senator Martin, of Vir
ing the pact with the League of Ma tions
clause without it.
Wall street says: Continued tight mon
ey rates, absence Of indications of early
ItlleL anu repOTiS that directors OF the
New York federal reserve bank at weekly
meeting would direct Il further advance in
rediscount rate possibly to 80 per cent.
were influences against the market"
The map shows rainy conditions in the
west and the outlook is rather for unset
tied weather This helped the market.
NAVAL STORES
SAVANNAH, GA. Jan. 15.-Turpentine.
firm. 1854 sales. 1874; receipts, 81; ship
Rom, firm; sales, 200; receipts, 574;
shipments 1,2OS; stock, A $50.
Quote: b. j, L, f, G, 01S.50: Fl, $1S.75!
I, $18. 70; X, $40. 50; NJ, $50. 25; n, $40. 10;
VIC, $21 90; WV, SO. co.