Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-12-21
COTTON

NEW YORK, Dec. o0-The circulation Of
December notices representing about 1000
bales had rather an unsettifi.. Influence in
the cotton market at thG assnns TO-DAY.
First prices were steady At advance of
to 10 points relatively steady Liver
pool cables and smaller ginning figures
than expected, but December soon eased
off to 25.90e and January to %. sec, OF 8 to
10 points lower, under scattering liquida-
tion. Later months lost only part of
their opening advance, however, and the
near month offerings were well enough tax
en- to give the market a steady undertonP
with March selling up to 2627c after the
call, or IA points net higher. and into new
ground for the movement. The census re-
port showed 9,493, 296 bales ginned to De
cember Is compared with 7.790,656 last
year. Liverpool cables reported a more ac-
tive trade in Manchester.
Buying was also encouraged by bullish
reports from the domestic goods and spot
markets, and the market was fairly active.
January advanced to 26.O3c and May to
26.43c, or about II to II points net higher.
and into new high ground for the move
however, although there was no change in
the general character of the news, and
prices eased off late in the forenoon, with
January ruling around % SJc at midday
about points net lower. 1t is reported
that recent rains had improved the power
situation in the SOUTH and that the mills
fled that they might resume ful-time OPP
eratiOnS.
Trading was comparatively quiet during
: the early afternoon, but there in
creased realizing on the bulges and the
tone was rather unsettled. January was
selling around 25.S4 at . O'Clock with the
general list about D to 10 points net lower.
NEW YORK COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middling, 96.O5e. quiet:
Open. High. Low. Sale. Close Close.
Jan. ...25 80 2G. O3 %. 66 % - p. ~ p. SO
Mich. 20 20 26 so %. 95 % SO % 81 % 10
May ...26.S So &c. 43 %. 04 % or &c. OF &c. ~
July ...26. 20 26. 81 % 50 % 81 %. So %. 10
Oct. IA 46 24.55 Pals "a. % "a. % 24.4S
Dec. ...26. 10 26 20 26. IS .. 81 1854 200
NEW ORLEANS COTTON
NEW ORLEANS, La, Dec. 20.-Higher
prices for cotton today were due to ginning
figures of 9,493, 296 bales the output
to December 13. this census report just
about meeting bullish expectations. A bet
ter Liverpool market than expected. private
Manchester, and claims from the AtIantics
that mills there were booking large orders
at top prices helped to support values in
the face of a rather general disposition on
the long side to realize profits. In the
first half hour of the session. prices were
raised Is to is points, which put January
TO -0.Sbc q pound.
Realizing by longs increased, much of
il being of pre-holiday hcaracter. and in
the trading up to noon prices sagged until
they were 1 to points under the close
OF yesterday. January fell off to 25.67c.
In the afternoon offerings increased still |
further under an unfavorable opinion of
the attitude of Turkey. Fears of unfa- |
vorable news from this direction greatly in.
creased liquidation of long contracts Up |
to 1: 80 O'Clock the net decline was widened |
to II to 20 points, January saying off TO
1854.
NEW ORLEANS COTTON
The following were the fuIing prices in
the exchange today:
Tone, steady; middlng, o6c, steady
Last Prev. |
Open. High. Low. Sale. Close. Clnse.
Jan. ...25 Sc %. sc % AS %. IS 81. 81 %. 6S
Mich. .96 &c. 90 %. 80 % 90 %. 81 p. 81
May ...a5 .9S o6.O3 % 60 %. 6S %. IS o5.s7
July ...25.76 % So % 43 % 40 70. 40 % 81
Oct ..o4.OS "a. OS 90. So 90 So %. SO n u
Dec. ...o5. % 1854 "a % 81 % 50 ~ Is !
SPOT COTTON MARKET
Atlanta, steady, 26c
New York, steady, 2G.0jc.
New Orleans, steady. 2Gc.
Galveston. steady, 25.sJc.
Mobile, steady, 25.G5c.
Savannah, steady, 26.05c.
Wilmington, steady, 1850.
Norfolk, steady, 25.90c.
Boston, steady, 26c.
Philadelphia, steady. &c &c. !
Houston, steady, 25.75c.
Memphis, steady, 261Oc.
Augusta, steady, 21.90c.
Little Rock, steady, Posse.
Dallas Stpody