Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-12-11
COTTON


market was very quiet in today's
early trading, but the tone was
shade better on steady Liverpool ca
bles and reports that the dispute in
a Lancashire mill had been settled.
The opening was steady atNan ad
vance of to l. points. ACTIVE
months ruled about to points
net higher at the end of the first
hour. January selling around 22.90c
and March 23.26c. The effect of the
firmer Liverpool cables was offset
to some extent by reports of con-
tinued dizziness in the domestic goods
market. The south was a moderate
seller here, but trade interests were
among the buyers.
The early afternoon market re-
manned quiet, but was shade easier
under further realizing and local
selling, probably promoted by talk
of a less favorable tone in the stock
market January ruled around
22S2 and March 23.1S at . O'Clock,
with the market net points lower
to points higher
noted during the early trading o.
peared to promote covering and the
mid-morning market showed steady
tone with January advancing to 30
and March to 23.40 or about ~ TO
IS points net higher. The buylhS
was accompanied by reports OF Il
firm spot situation in the Southn but
the advance met some southern sell
ing around the % cent level for Jan
uary, ard the late forenoon marke'
\, 11toaS show
4ng reactions of 5 to 6 points from
the highest levels.
NEW YORK COTTON
The following were the ruling prices In
tbe exchange today:
Tone, steady; miCdlins, 23.2Jc; steady
Last Prov
Omen High. Low. Sale. Close. Close.
Dec 22.75 % Sc %. &C -. - -. - - .T3
Jan. %. IS % O4 22.75 22.Sl - 81 - s.
Mar. % % 23 40 % IL % 20 % 20 % Il
May % "a % 70 % .4S %. % %. % % "a
July ..23.71 % 81 % IS % GO % 63 % GO
Eleven forty-five a. m. bids steady; De-
cember 22S5c: January, 2299c; March,
23.35c; May 23.72c; July, 23.S2c.
NEW ORLEANS COTTON
NEW ORLEANS, Dec. 10.-The
cotton market opened steady and
first trades showed gains of four to
seven points. Liverpool came in
better than due, and prices here
gained several points right after the
opening call January trading up
to 23.14, March to 23.19, and May
to 2344, or nine to eleven points
above yesterdays close. In the alb
sence of new developments there
was little disposition to trade. The
map Indicated colder weather follow
ing the rains.
The market turned somewhat
easier in the afternoon on selling
based on reports from southern
markets that the spot demand had
fallen off, and the outlook for new
business was not so promising. Some
traders believed tn edecline was due
to efforts of shorts to force lower
level in order to be able to cover
more profitably. Exports for the
day totaled 32.G19 bales.
The market ruled very dull all
morning but at the same time
rrices were steady. Although pro-
fessional sentiment was still bear
ish, there was more or less cover
ing by cautious shorts due to trade
buying Absorb contracts steadily.
January traded up to 1924, March
TO 1929 and May to 2354 or 10 to
81 points above yesterdays close.
Exports for the day. promise to be
fair rs New Orleans has cleared
already II ,S05 bales and Galveston
1891.
NEW ORLEANS COTTON
The following were the ruling prices In
ihe exchange today:
Tone, steady; mddng, % Zoe: steady.
Last pree
Open. High. Lev. Sale. Close. Close
Dec. .23 II - 81 % 10 -. II % II u Il
Jan pa 90 % ~ % o. % 10 % 0S - u
Mar. ~ Il % % % 04 23.l4 %. ~ % 10
May ..23. 10 - 81 % 81 ~. IS - 81 % IS
July ..23 IS -. IS -. SO %. 10 %. - %. IS
Noon bids. steady; December, 23.20c: Jan |
nary, %. 15c; March, 23l9c; May. %. 44c; |
July, 23.53c.
The following whre the ruling prices in
the exchange today:
Last Prev. |
open, High. Low. Sole. Close. Close !
Jan. ...22. 30 ~. II - IS -, 81 - IS - IS |
Mch -. 81 %. ~ "a Il N. - - - - 80 !