Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-12-15
COTTON

a renewal Of yesterdays buying
movement at the opening Of the cot
ton market today and first prices
were strong at advances of 20 to 10
points on present crop positions al
though later months were unchanged
TO 40 points lower. Trading was
very active. Buying on the bulllsh
view Of yesterdays crop figures was
stimulated by the hrm showing Of
Liverpool, but the advance met d
great deal of realizing and early fluc-
tuations were irregular. January,
which had sold up to 95.4O at the
opening, eased Of to 1925 and March
which had advanced to 1917, reacted
at $3.50. but the buying continued
and the realizing seemed to be read
lily absorbed on the setbacks. Liver
pool reacted after a sharp opening
advance but later firmed up again
with private cables reporting an i'm
proved tone in the goods market at
Manchester.
Realizing became heavy later and
there may have been some selling
for a reaction as the market turned
easier. Several December notices
were issued. and liquidation of the
position sent the price off to 1926 or
sixty points net lower. This bad
and unsettling effect on later deliv-
cries and during the noon hour the
decline extended to $40 for Janu-
airy, and $500 for March of about
eight to twenty points net lower.
July was relatively firm, but after
selling at 1910 or eighty points net
L.; OBJ
to $3.50 compared with 1880 at the
close yesterday.
There was a quick rally during the
early afternoon on covering. accom-
panied by talk Of probable full do
mestic consumption figures from the
census bureau tomorrow. January
sold UP to $3.50, and March to $3.50,
or about 40 to So points net higher,
but offerings increased at the adj
vance, with the south Il considerable
seller and the market again weaken
ed, losing 25 or 80 points Of the adj
vance around o'clock.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; midding. $500; quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. 80 % 81. 40 81. go 81. 81 81 90 81 80
Mel. So. 55 Sd. II So 90 So 90 SIS 90 35 10
May SO 90 Sc 90 So. IS 81. 20 81. 20 30 50
July 81 so So. 10 81. 45 81. Is 81. ~ 81 so
Oct. 20 30 90. so 81 2s.57 s.57 90. 20
Dec. SO 90 Sc 10 So 10 1910 $40 50 So
NEW ORLEANS COTTON
NEW ORLEANS, Dec. 13.-Over-
night buying orders and better ca
bles than due put the price of cotton
35 to 40 points higher soon after the
opening of the market today but
heavy realizing sales came from yes
serday's buyers and a reaction rather
promptly set in so that at the end
Of the first half hour Of trading
prices of the more active months
were 2 to- Is points under the last
sales of yesterday. January traded
up to 1852 cents a pound and then
fell back to 1910.
Selling increased and the decline
was gradually widened. until late in
the morning it amounted to forty
two to fifty points, compared with
the last sales Of yesterday. Janu-
airy traded as low as 33.45. Consid-
cradle selling arose from the disap-
pointing showing of British textile
exports for November, officially
placed at 15,000,000 pounds of yarns
and 350,000,000 yards of cloths.
New buying of consequence en-
tered the market nthe afternoon
and at one stage it had prices about
fifty points up from the lowest. Buy
ers did not continue aggressive and
at 1870 o'clock the active months
were 81 to 81 points net lower with
January at S4.6S.
NEW ORLEANS COTTON
The following were the ruling prices IN
the exchange today:
Tone, barely steady; middling, 3475c;
steady.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. So 81 81 81. 55 81 81 81 So 81. %
Mch. ..3j. 10 81. so 3l.s5 81 IS "a. So So 40
May So 60 50 IS "a 50 81. So 81 50 80. 40
July 80 90 So 10 81 % 81 .26 81 % "a so
Oct. ..29 OS 30 .Os 2s 10 IS. IL %. Il 2S. so
J)ec * q o. Ok q % RI % II 40 "a X