Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-04-10

NEW YORK, April 9.-Reports of unfa
vorable weather in the south led to another
rush of buying orders in the cotton mar
ket at the opening today. First prices were
steady at an advance of II to 55 points
and active months sold go to 60 points net
higher before the end of the first half
hour with July and all later deliveries max
ing new high records. July sold at 1867
and October at 1896, while May touched
41.7O. There had been considerable sell
ing yesterday on expectations of better
weather, and this mornings private reports
of rains around New Orleans and in CEN
trail sections of the belt led to active
covering.
Realizing became heavier as October APP
preached the 36c level and there were re-
actions later in the morning, when trading
was less active. May held up to 41.63
around midday or within Z points of the
early high level, but later months showed
setbacks of sonfe 20 to So points with Octo-
Der selling down to 1855. The official
forecasts were for unsettled weather today
but suggested clearing conditions with ris-
ing temperatures at the end of the week,
which probably increased the disposition to
take profits on long contracts.
Fluctuations were somewhat irregular
during the early afternoon but profit taking
for over the weekend continued with Octo-
Der selling off to 35.45 or about half cent
from the early high level and within II
points Of last nights closing quotations.
NEW YORK COTTON E
The following were the ruling prices in
the exchange today:
Tone, steady midling, 4ac; quiet
Last PreF.
Open. High. Low. Sale. Close. Clase.
Jan. :. $40 "a. 40 39. 90 SO. 65 SO. so 3.7S
May =. 41.25 41.70 1.25 41.47 Al. As Al. 10
July :. 80. 20 SO. 81 80. 05 80. 80 80 .25 3s. 9s
Oct. .. 1913 s5.5 IS % 35 .3s 35 .s5 IS. %
Dec. =. s4.75 35 .O6 "a. 80 "a ST 34.s4 "a. AS
NEW ORLEANS COTTON
NEW ORLEANS, April 9.-The cotton
with traders excited buyers on the heavy
rains in the belt over night, rainfall being
heavy in many sections where excessive
moisture in the soil has been complained
of. In the first hour of trading prices
were advanced AZ to so points, May rising
to 41.20 and October TO $3.50. October
was the strongest month and the new crops
were generally stronger than the old, re-
versing the order of things seen yesterday.
Realizing from the long side checked the
advance, and the forecast of fair weather
to follow the rains over a good portion of
the belt brought in fresh selling for short
account. The market reacted rather sharply
from the highest, and late in the morning
SCOOQ D points unueE 10 10 pOlulS over inc
final prices of yesterday. May sold down
to 40.75c and October to 3d. 16c.
Selling increased during the last hour of
trading until the market was under con
trading months were s points lower to II
points higher than the final figures of yes
terday. fairly steady tone persisted,
apparently because of expectations that the
house would pass the peace resolution.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middling, Al soc, steady.
Open. High. Low. Sale. Close, Close.
JAM =. 34.1S 34.37 80. 60 SO so 33 so SO. So
May =. 40. 80 Al 20 40. rs 4O.S5 40. IS 40. rs
July =. so 80. SO So 80 40 3s. 40 IS. %
Oct. =. 35.5 So $3.50 35.11 1918 35.13 35. 90
Dec. =. 1902 So .O2 "a. 20 34.25 1926 1928
NEW ORLEANS SPOT COTTON
NEW ORLEANS April 9.-Spot cotton,
steady and unchanged. Sales on the spot,
1,267; to arrive, 631. Low middling. 81. 25c;
middlng, 41.5Oc; good middling, 45c Re-
ceipts, 9,S41; stock, $40 ,024.
SPOT COTTON MARKET
Atlanta, steady, 43.75c.
New York, quiet, 43c.
New Orleans, steady, 1.50c.
Philadelphia, steady, 4325c.
Galveston, steady, 43.75c.
Montgomery, steady, 40.69
Norfolk, steady, 4O.1oc.
Savannah, steady, Al. Csc.
st. Louis, steady, 41.50c.
Houston, steady, 43.20c.
Memphis, steady, 1850.
Augusta, steady, 41.25c.
Little Rock, steady, 43c.
Dallas, steady, 44.5Oc.
q Mobile, steady, 40. 65e.
Charleston, steady, 41c.
Wilmington, steady, 3975c.
Boston, steady, 42.50c.
ATLANTA SPOT COTTON