Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-01-04

NEW YORK. Jan. 1S.-The cotton mat
ket opened barely steady 1T decline Of
TO % points snd sold about 10 to so
points net lower during tie first few
minutes on renewal Of liquidation and
scattered selling for a reaction which was
encouraged by the relatively easy show
ing Of Liverpool. Trade Interests were
appeared to he s0mg covering ny 49, > ai,u'rE
shorts and after Sellin: off to ESQ for
March, the market steadicG with prices
the end OF the first half hour. There was
no change in the news from southern spot
markets and the relatively steady SHOW
ing of January probably helped the tone
of the late months.
Demand did not broaden mach on the
rally from the early low level ard local
brokers said that fresh buying was probably
restricted by the uncertainty of European
political prospects. Prices. however. held
generally steady with March working up to
2656 and MAY 1G. Gu. approximately the
clcsina quotations cf yesterday. Late cables
from Liverpool were little Steadier and
Manchester reported fair business in cloths.
There was little more business during
the early = afternoon with recent sellers COW
erinc replacing long lines and prices adj
vanced 10 2G.69c for January. with the gen
eral lis: Showing net gains Of 10 to Il
points. No fresh news factor was connected
with the advance, however. and trading ia
percd again during the middle of the aft
ernoon, although prices held steady within
NEW YORK COTTON
The following were tia ruling p1.ces in the
exchange today:
Tone steady.
Open High. Low. Sale. Close. Close.
Jan. E.. IS. - &c. 60 20. II so PC IS 2G.25
Mar -. 20. IS 26.74 &c. 80 o6.73 26.72 &c. ri
May . 2G.42 2G. 81 2G.S1 &c. So PC. IS "G,Gl
July :. &c. Il 26.5f $40 "G.5i &c - DC. 50
Oct. =. @4.I4 n. IS ~ ~ SO n. 81 81. G.
Kew ORLEANS COTTON
NEW ORLEANS, Jan, 5uPoor caoI E,,
rope and further liquidation of long con
tracts caused drop 81 Is TO 80 points
in tile price of cotton around the openin.
of the local market today. A private i'u-
re2u report on girria% of 4.G00 Geo bales
to the first of january. indicating an
output OF but l01.000 bales during this
last ginunA period against 10000 durin"
the preceding period. gave tie market
SSteadier tone ana. 1T the end ct ne
for upturn> from the lowest of IL TO III
points, March sold off 10 @59G and re-
covered 81 2G.12.
y The nar:>et turned very steady on reports
from spot markets in the western belt that
American Spsnne:s were trying to buy spots.
The advance WAS gradual for while but
just after the noon hour there sharp
rally claims that the trade buying
contracts in large way. March was
forced up to 2G.3S. where the old crops were
~ II 10 points ONeS the close o. yesterday.
SteadnPSs increased On statements by To-
cal freight brokers that they We're feeling
a better demand for ocean freight room for
cotton for January and February saiIings
This led to predictions for an increased ex-
port movement. In the trading III to !: 80
O'Clock the net gains were widened o. - to
is points: near months held their own,
while late months made further small adj
vances, October trading up to 24.40c.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling. G.5Oc quiet.
Last Prev.
Omen. High. Low. Sale. Close Close.
Jan. e.. % on 2G. IS -. 95 PC. 10 A. 90 II
Mar. 9G.OG 2G.47 ~. 9G 26.44 oG.44 2C.of
May e.. los 26.47 p % 20. 45 2G. IL eG ..
July a5S2 2G 20 o5.75 2G.1 %. 10 &c 90
Oct. 2f.13 u. 10 n .O7 24.37 a. 43 o4.25
Dec -f'oo -o'"o
NEW ORLEANS SPOT COTTON
NEW ORLEANS. La. Ian. 3.-Spnt cot
ton ruiet and UnclngHd. Sales the
snot :33 la -: + nrrivp 100. low mddin~,
e5.I5 middln~. 3G.5n: -"rd riddlpG. 200.
Receipts 3.143: stock 22tG1G
ATLANTA SPOT COTTON
Atlanta spot cotton ...............2G PCS
Receipts ACKNOWLEDGEMENTS. l't54
shipments .-r...-...-.-.- -.:i46
Stocks .....-- ....--............. oi'JOJ