Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-12-05
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COTTON

NEW YORK Dec. 4.-ActeT opening
steady at 3 decline CT 10 IS points in re-
sporse to rather poor cables. the cotton
marke1 stiffened ~ sesT paints 81 local
buvins and buying o. May 81 brokcts with
Japc nese connections. As sc"I rs the initial
Ge:nsnd had beer sIprlied the market ca~rd
off again under Iiqui:iation and little
southern selling With January selling around
to PASS and Mach 20 24.90 or about lG
TO Is points net lower on the general list.
The selling WAS believed 20 he promoted
by continued peSSmiStic trade reports from
Manchester and talk of fun ginning figures
for the last period. hut trading was quiet
and the decline caused by comparative
Jy few orders. According to cable adNiceS
the trade outlook in Manchc ster is poor.
A little more demand developed below -
cents for March, which believed TO he
partly for trade account The appearance
ering which sent the market up to ZOOS
for January and 25N3 for March. CIR about
8 to points net higher. General business
remained very quiet. however. and the mar
ket eased off again in the noon hour,
under a renewal of scattering liquidation
and less favorable reports from the Far
Eastern situation.
early in the afternoon prices stradied Hn
renewed covering. Trading remained very
quiet however. and the market was within
a few points of the lowest around > o'clock
when active months showed net losses OF
eight to eleven points.
NEW YORK COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middlng 231oc; quiet ,ror
Open High. Low. Sale. Close. Close.
Jan. 1872 % .Os so 24.91 $50 24.99
Mar. 4.o2 %. Is "a SIS 24.96 24.9G - %
Nav "a SO p. OF "a. so "a. 81 .s4 n 93
JuIv o4.54 ~. 10 -. 80 "a. 60 24.59 2+.Gl
Oct. :. ~ 90 2S IL 22.92 22.9s 49,. ESQ"
Dec. :. "a 80 % .o3 PASS PISS As ABB
NEW ORLEANS COTTON
NEW ORLEANS, La, Dec. Prizes
were lower on the opening OF tue colto n
market today. under the influence of re-
norris of slowing down in cotton goods mar
kets. This initial decline carried Januar!
down to PAP cents pound, where Inc me
list showed losses of IL to 10 points. hu-
) mors that private bureau was out with
report of 1928 900 bales ginncd to De-
cember l. just about met huiilSh eApecta-
tions new support was cr3a1eu anu at NE
end of the first half-hour of trading the
most active nor this were l to points
higher than the close of last week, Janu-
srv standing to 24.6o. , J.,
For while the market was sustained by
ginning rumors standing at its best 10 to j.:
IN whit January at 2i.GS. Toward noon OF.
ferngs increased aGai mad prices easeu OH
TO 24,45 for January. Al noon ihoue!hic
selling for both accounts was coming on the
market,
1t wa sa typical trading market in the
afternoon with oply narrow swings III tne
price. At 80 the active positions were
at net declines of one to three points,
January trading at 24.54c.
NEW ORLEANS COTTON
The following were the ruling prices IN tne
exchange today:
Tone. steady: middling, 25c steady.
Open. High. Low. Sale. Close. Close
Ian. q. A. "a 6S 81. ~ 81. IS 24.57 "a.
Mar. "a. 80 242 "a. 40 24.6o 24.99 24.61
Nav "a. 50 2455 24.30 81. As .45 81. A
July PAIL 80 81. IL "a. 81 81 24.22
Oct. =. %. Go 22.77 % GA 22.75 22.69 22.7o
Dec. o445 "a G3 81 A 81 80 "a. % "a
ATLANTA SPOT COTTON
Atlanta spot cotton ...............'' ''l l'E
Shinments NEUTRALITY-SUSPICIOUS.. - l. HI
Stocks ..'''''' '0o'i-'
SPOT COTTON MARKE"
Atlanta, steady, 25.1Oc.
New York, steady, 231Or.
New Orleans, steady, 25.O0c.
Galveston steady, 24.eOc.
Mobile, steady, 24.4Oc
Savannah, steady, 24.SOc.
Wilmington, steady. 24.G3c