Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-01-11
r'1ArQyN|ar@ttESport
COTTON

NEW YORK. Jan. 10-Ihe cotton mar
ket was influenced early today by the
continued steadiness of Liverpool. feiteTat
ed reports OF an improved business in Man
eign exclsnee rates Brokers wSth liver
Tool Japanese and domestic trade c9nnec-
tons were buyers and after Se ae;n Stra ,bs
market held firm With March sening al
26,74 and May at 26.9l, or ablut = 70
% points net higher. New orleans was a
huyer here but there was some scattered
southern and local selling on tee advance.
Private cables reported an advance in liz
erpool had been restricted by realizing and
nnfavorable political conditions. hut fhat
there was good deal or trode calling
and that Manchester reports were more
favorable.
The early advance met continuation OF
selling, which has been persistent around
20. soc to 27.00c for May contracts for sew
efal days. This checked the upward move
ment and the market turned easier under
scattered lipuiia alton. The European SituaI
tion was unsettling factor and there
were reports that part OF the recent SELL
ing on advances had represented hedging by
holders of spot cotton in the south. March
eased off to 2657c and May to 26.15c. or
within to 10 points Of Yesterdays closing,
and prices we're only few points up from
the lowest faund midday.
The market turned firmer during the ear
y afternoon on a more favorable view Of
the European news. This led to light COW
ering and local buying, which sent March
mp to os.7oc and May E o269lc. or about
o X.
NEW YORK COTTON
The following we're the ruling prices In the
Tone. steady; middling 2s.75c, quiet.
open High. Low. sale. Close Close
Jan. go. 81 26.5 26, 50 26,5 so $3.50 26.3a
Mch. .2675 1915 1851 as.71 26.7o 2e.5s
May ~. 30 2s. 90 2s.7 2e.ss 6.s7 1915
July s. as 81 %. 81 as.4s &c. go 1890 &c, IS
oct y. 81 "a go p. IS q. 80 q. 90 24.71
Dec. =. ......s,. -. $50. "a so
NEW ORLEANS COTTON
NEW ORLEANS. Jan. 1a.--Better ca
hles than due. what appeared to be relief
because Europes politics were shaping mp
in a decisive way and claims of a large
business in the FAN river market, put the
price OF cotton strongly higher on the
opening today In the first half hour of
TIE SESSION po int Mare Esng to s1sa
Next to no selling appeared: that was con-
siaered to he based on the moves OF
France against Germany.
For r while the market was sustained
BY cabesrams from Manchester telling of
Improvement in the demand for cloths from
India. and By the strength of foreign eA-
rhange but. very gradually. liqnidation of
long contracts increased. and Just before
noon March was off to 1851 with the
list one point lower to six higher tlan the
Rumros that French troops were being
withdrawn from points in Germany
dominated the market in the afternoon, put
ting prices back up to about the high levels
of the session. At 80 o'clock March
stood at 26.46.
NEW ORLEANS COTTON
The following were the ruling prices in
tie exchange today:
Tone, steady; niddling, 2s.ssc steady
Last Prev.
Open High. Low. Sale. Close. Close.
IAN 90. 40 %. 40 &c. % aG.37 o6.37 %. IS
Mch. .as.47 &c. 40. 1851 90 Al A &c. 80
May -.as so ae.50 &c. 80 &c. 45 26:45 1852
July ..2s. % &c. IS 2e.12 &c. 26 IS. 81 26 40
Oct ...24 81 "a 81 "a AZ "a 40 q. 40 %. SO
Dee. $500. -, -. .... a. 90
ATLANTA SPOT COTTON
Atlanta spot cotton 1890. 26-1Sc
Receipts ...... NEUTRALITY-SUSPICIOUS.. $50
Shipments ......... e...s..., ....t s4a
Stocks ..,...,.......: So s5