Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-02-01
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COTTON

NEW YORK. Jan. S1.--The cotton mar
ket was active and unsettled during 10
days early trading because OF f fnIaSIS
reports from the Manchester goods mar
ket and the easier ruling of foreign eX.
change. The opening was barely STEADY
at a decline of Is to 80 points. with May
selling off to PISS and October to 21.23.
SelIiag of the new crop months pro-
noted by reports. of further rains in the
belt. While there was active hquldation
of old crop deliveries through brokers
with southern, Wall street and local con-
nections. Trade Interests We're credited
with buying on the decline and there was
also buying by brokers believed TO be
operating for, Japanese account 90
The early break extended to 21.6S for
May, with the general market selling about
40 to As points net lower. Around and be-
low 27.75 for May, however, there was in
creased demand on scale-down orders, part
of which seemed to come from the trade
and prices steadied up with the market
showing rallies of 10 or 20 points from the
lowest in the noon hour on news that the
British government had accepted the Ameri-
can debt proposals. Southern spot advices
were conflicting, reports of freer offerings
cofeing from some sources, while other re-
pons indicated continued firmness.
DsSrand failed to broaden in the midday
rally sud prices eased off again during
the elTly afternoon under renewed iquida-
ton with May selling down to 21.61 or
into low grounds for the day with
the general list showing net losses of IS
to 80 points.
NEW YORK COTTON
The following were the ruling prices In the
exchange today:
Tone, steady; middling, 27,5oc. quiet.
Open. High. Low. Sale. Close. Close
Mar. 27.7o. 27.77 81. 80 81. 80 27.S9 e7.95
May :. % SO IS. 90 PISS % IS Piss IS. Is
July :. 27.57 81 go PTS PITS PTS 27.77
Oct. % % q. sc "a. 95 81 90 % 90 -. 43
Daa On % ~ 94-67 "a 10
NEW ORLEANS COTTON
NEW ORLEANS, Jan. 31.-POor cables,
the unfayoiaole tone of foreign political
news and f~rther rains in Texas and Okla
homa caused a general selling movement In
the cotton market here today. During the
first half hour of the session the traunls
positions were pu % to So points under the
closing quotations of yesterday. March tel
off to 72Tc and October to 4.75c pound.
a variety of unfayorable political rulnors
widened the decline to AZ to Al points,
CARRYING March off to 21.23c, but toward
noon partial recoveries followed cablegrams
from England TO local brokerage houses,
claiming that Great Britain had accepted
United States debt proposals. March rose
to Of 4Sc. where the list stood to IL
points under the final prices of yesterday.
Heavy selling arose in the afternoon, ana
1t appeared to be entirely based on an I'M
favorable opinion of the situation between
France and Germany. Selling by the IN
terror reached important proportions, and
in the trading up to 80 o'clock prices fell
to 27.19 for March, the list showing net
losses of forty-two to forty-six points.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, Irregular; middling, Csc, steady:
Last Prev.
Omen High Low Sale Close. Close.
ror -. -. %. SO
Mar 81. 90 81. As 81. O7 81. 10 81 81 27.65
1r.v 81 81 81. 40 81. O5 q. 16 81. O5 81. SO
H. o. 81 o. 20 %. 50 26. 80 &c. 50 81. 46
o. % 80 81 az "a sd "a IS n. IS -. : Oh
0oc - 50 24.37 q. SO
ATLANTA SPOT COTTON
Atlanta spot cotton ............... '2f'foc
Receipts ............ .''''.'.'.'''.' 1'lL-
Shipments ..............'' '....-'.' l'o- o.
Stocks .......... .-.....'.'..'''..''ol '-o-