Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-11-30
COTTON

NEW YORK, Nov. 29.-The cotton mar
ket showed renewed steadiness at the open
ing today Liverpool did not fully meet
the local gain of yesterday, but made fair
" steady showing and the early offerings
here were light enough to encourage be-
lief that the market had been pretty well
liouidated on the break of Monday. First
prices were steady at an advance of to
points, and the market worked IL to 10
points net higher after the call, with Jan
nary selling at 25.45c on continued cover
ing and a demand from local houses and
trade interests. Liverpool also bought here
early, but there was scattered selling at
the advance, and prices eased off 10 or l.
points during the early trading.
Bullish private spot advices from the
south seemed to promote scattered cover,
ing during the middle of the morning ana
prices he'll dSteady within a few points OIL
the best The close of the Liverpool mar,
ket was easy, however. while Liverpool
was a moderate seller here on staple ac-
count and prices turned shade easier
toward midday under liquidation. January
sold off to 2J23 early in the noon hour
when the general list was about = to
No fresh feature developed during the
early afternoon. but after selling OH 10
ISIS for January the market Steadied to
prices holding close to yesterdays closing
figures around O'Clock.
NEW YORK COTTON
The following were the ruling prices in the
Tone. steady; midding, 25.45c; quiet.
Last Prev.
Open. High Low. Sale. Close Close:
ian. d. SO % 40 -. 16 %. % % % -. 26
Mch, ..25. 50 25 so 25. 20 % 81 % 81 % 33
a.
July ..25. OF % 90 81. S4 24.96 "a 81 d.
Oct. ..23 So % IS %. ~ % 50 2S so %. "a
Dec, ID. % % 30 -. II p .26 % .26 %. %
NEW ORLEANS COTTON
NEW ORLEANS, Nov. 29.-Coverng of
the short interest because of expectations OF
small ginning returns caused Il steady cot
ton market in the early trading today. IN
the first half hour of the session. prices
were advanced IS to 10 points to 2J,03c for
January. The holiday tomorrow seemed to
have the effect of increasing the desire OF
shorts to even up.
the market took a sagging tendency.
The holiday ahead seemed to restrict new
buying and in the trading up to noon prices
fell to levels to l. points, under the close
of yesterday, January touching 2f.70c. At
noon hte tone was steadier with prices about
10 points up from the lowest.
Fluctuations were narrow in the after
noon. but the tone was steady on the con-
tinued large export movement. the day $
clearances amounting to 2S,46S bales, bring
mig the total thus far this week up to 49,
sos.
At 1870 o'clock January was at 24.s3 with
the active months at net losses of to
points.
NEW ORLEANS COTTON
The following were the ruling prices IN the
exchange today:
Tone. steady; middling.- 25.25c, steady
Last Prev.
Open. High. Low. Sale Close. Close.
- so 81 So d 81
Mch. 24.9O %. 90 "a. 50 a. 80 "a. 80 "a 80
May PATS 492 "a. IS 24.79 24.79 "a II
July "a IS 81 6S 24.47 "a. 90 24.5S u. 80
Oct. %. O5 % .Os % 30 % 90 %. 80 % .96
Dec. 497 24.97 81. 6S "a. 81 "a. 50 "a s.
SPOT COTTON MARKET
Atlanta, steady, .55c.
New York, steady, :5.45c.
New Orleans, steady, %. CSC.
Galveston steady, csc.
Mobile, steady, 24.G3c.
Savannah, steady, 25c.
Wilmington, steady 25c.
Norfolk, steady, 25c
Boston, steady, 25.25c.
Philadelphia, steady, 25.50c.
Houston, steady, p zoe.
Memphis, steady, 25.25c.
Augusta, steady, 2o.50c-
Little Rock, steady, 25.50c.
Dallas( steady, "a. soc.
Montgomery, steady, "a Csc.
ATLANTA SPOT COTTON
Atlanta spot cotton ...............2 o.ooc
Receipts ...''..''.'.'. 1'oIo
Shipments .......'....'''.''''' 1870
Stocks Observation-Disclosures. .So,3OI
LIVERPOOL COTTON