Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-01-20
COTTON

NEW YORK, Jan. 19-The increasing
activity of the British textile industry was
the dominating factor in the cotton market
again at the opening today. Tile cables re-
ported continued increaS in the MancheS-
ter turnover, with prospects for a good
business with both India and China, ana
private adviceS said there had been further
sales Of spot cotton in the Liverpool market
to Russia. The market here opened steady
at unchanged prices to an advance OF L
points, with all the old crop months selling
M to or about the 2S-cent level in response
to higher cables There was heavy reallz-
ING at 2S 15c for March and 2S. 40c for May.
but it was absorbed on slight setbacks ana
the market held very steady during the
early trading. New England mill interests
were reported buyers here at the opening;
while there was also huEinG Tor i"'Elt"o
- and Japanese account
disposition to take profits for over the
weekend seemed to be increased by reports
of unsettled weather in northeast TeXaS
with rain at sulphur Springs and btter
outlook for the breaking OF the drought
These groups were particularly reflected ny
the course Of October contracts, which sg;d
off to $3.50 or L. points net lower, "hIie
Nav worked II points lower, to ISL. EN-
cent for realizing, very little pressure was
in evidence, however, AMI the undertone. of
the market was steady at noon when trading
was comparatively quiet and prices showed
rallies of several points from the lowest.
The market firmed up again during the
early afternoon bullish weekend fig
ures. and covering by early sellers FOR
reaction. Prices made new high ground
for the day and season with May selling
at 2S4J, around o'clock. or about thir-
teen to seventeen points net higher.
NEW YORK COTTON
The following were the ruling prices In the
exchange today:
Open. High. Low. Sale. Close. Close.
IAN. rs. 90 Is. OF 81. So IS. o. 2S.O5 % 80
March rs. IS %. % 81. % 2S.2 20 2s %
Nav IS. IS IS. 80 2S. Il IS, A. 2S.40 IS. IS
July :. IS. o 2S 81 ~. 90 IS. Il ISIS 81. 9S
Oct. 90. so % 40 &c. 81 oG.G 2G.G5 80
Dec. :. ..... 49,. 49,. ..... '-... 'ao
NEW ORLEANS COTTON
NEW ORLEANS, Jan. 19.-Further favor
able English news concerning the state OF
the textile trade of that country and the
demand for spots put the price of cotton
higher on the opening here today but after
advances of to 10 points the market ran
into a heavy realizing movement Oh the
long side, which caused reaction OF mouef-
ate proportions. At the end of the hrs!
half hour of business prices were IL to 10
points under the close of yesterday. All ola
crop positions made new high levels Tor the
season, March trading up to 27.74e pound
after which it fell back to 27.0Oc-
Enough selling cam con the market 10
II to IS points, March falling off to 2I.oOc.
Toward noon the tone was steadler on re
ports from Fall River that the week week
sales of print cloths there were over 3Oo.-
COO pieces and on mill takingS for the week
of o93. 600 bales against 269, 600 this week
last year. March recovered to 21.6Oc.
very steady tone prevailed in the aft,
ernoon under cablegrams from Liverpool
to brokers here claiming Russia had bougc1
$50, 900 bales of spot cotton in that market
At 1:S0 O'Clock prices were at new hl2A
levels, March standing at 27.T7. and the
more active positions at net advances OF
Is to 16 points.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middlirg. 2T.Ssc steady.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. ..27. &c 81. rs 81. 40 27.72 81. rs 27.5
March 81. go %. So 81. 80 81. 81 %. so 27.64
May ..27. So 81. 80 81. so 27.sG .S4 81. 6S
July =. .27. 65 81. 81 81. so 27.76 27.74 80
Oct. 20. II %. % % 80 %. % 26.1S 26.0S
Dec. .76 80 % 76 %. 9G 25.97 $3.50
NEW ORLEANS SPOT COTTON
NEW ORLEANS, Jan. 19.-Spot cotton,
firm. twenty-five points higher. Sales on
the spot. 1. 977; to arrive, 26.25. Low mid
ding. 27.13; middling, PISS; good mid
ding, 2S3s: receipts, 1851; stock, 49,