Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-12-14
COTTON

NEW YORK Dec. 13.-Yesterday's sharp
adyanc ewas followed by moderate reactions
in the cotton market at the opening today.
There was no overnight change i'll comment
on Yesterdays government crop report, but
Liverpool was relatively easy and the mar
ket here opened at decline of | to points.
under liquidation and southern selling. De
cember was easy. owing to the circulation OF
about twenty notices. and sold off TO 2492c,
or is points net lower The reaction in llv-
erpOol. however, was attributed partly to
the advance in sterling, which encouraged
the hope of increased exports. and, after
selling at 2J.03c, on the call. January con
tracts here advanced to 25l2c, or point
above yesterdays closing
Trading became more active later. with
the market showing increased strength,
which appeared to be influenced by eNpecta-
tons of an Improvement in export business
Such views were outraged by the con-
tinued firmness of sterling and recent mn
nations from Washington that the admins
tration was more disposed to and IN the
solution of European problems.
Houses with foreign trade connections
were credited with buying here, and the
local market worked mp to 24loc Tor Jan
uary, or 81 points net higher. There was
enough realizing 20 cause reactions Of ) or !"
points from the best, but the market was
firm around midday.
The early afternoon advance extended I"
255Oc for January contracts with me gen.
oral list selling about % to II points net
higher There was enough realizing to check
ths movement ut this level hut prices We're
within ) or points of the top around :
o'clock.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middlng @3.a'c' qu'et,
Omen. High. Low Sale Close Close
Jan. =. o5 65 -. 80 %. 03 25.3S - "a 23.ll
Mch. % 20 -. rs %. 90 25.59 23.5I % 81
Nav - 81 %, IS %. 80 % G. %. - %. IS
Z Ju!v o4,97 -. As of91 % 81 25.o6 %. %
Oct %. As 2S s. %. 40 23. rs 23. II %. 80
Dec. =. o5. o5 %. A. "a. o3 1882 p 81 25.1o
NEW ORLEANS COTTON
NEW ORLEANS. Dec. 13.-POor cables
caused recessions of 3 to points on the
more active months in the cotton market
around the opening today, nut puEins orueI
we're under the market, and by the end OF
the first half hour of business prices were
4 to Z points higher than the close of yes
terday January first traded off TO 24.ioc
and then reacted to 24.S5c pound.
The strongest buying wave i'll some nme
deveIoped, with traders of all classes buying
and only a limited supply of contracts cont
ing on the market. Much of the buElnS WAS
stimulated by the movement 1or the man
week at the thirteen counted interior towns,
receipts at these points amounting 10 o"','t4
bales while shipments were Sl,oIJ. IN '!e
trading ND to noon prices were sent 10 l" w
poiuts higher than the close OF yesterday 10
% CSC pound for January. =,
Messages to brokers here from points !"
Teyss claiming much better spot demand
cablpgrams from Liverpool reporting pei
ter feeling in the Manchester market an.
axnectations of a favorable November report
on American mills from the census bureau
on the opening tomorrow kept the mar l;s
steady in the afternoon. The advance WIZ
ened TO As to az p nts, January trading as
high as 25 %. but at 80 prices were ~ 10
1G noints off from the highest under realizing
by longs
NEW ORLEANS COTTON
The following were the ruling prices IN
the exchange today:
Tone, steady; middling, 25.5Oc steady.