Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-05-01

NEW YORK, April 3O.-The circulation
of additional May notices estimated at
1000 bales caused further near month hqui-
dation in the cotton market today. First
prices were steady at a decline of Is
points TO an advance of points and May
soon sold off to 40.17, or % points net
lower, while October declined to $3.50, or
> points below last nights closing. There
Voc sou>r rnlling Of the lorer months on
favorable private weather reports an I'M
settling labor news. including private ca
bles that trade negotiations in the Ian
caShire wage dispute had reached another
deadlock. Trade interests were moderate
BUYERS, however, and there was enough COW
ering to give the market fairly steady under
tone.
Buying became hlore active toward the
middle of the morning on private report
indicating an increase of only 1.3 per cent
in acreage and private forecasts for show
ols in the eastern belt There was heavy
Wall street, western and southern buying
on the advance, which carried the old crop
10 to "a points and new crop positions AZ to
80 points above last nights figures, with
July selling at SO. 81 and October at35 90.
Much of this buying was attributed to COW
erng for over the two-day adjournment,
however, and the market sless active
around midday, with prices showing reac-
lions of % to 80 points from the best.
July sold off to 37I.S0 and October to
$500 early in the afternoon, or about -
to As points net lower, with near months
relatively weak, owing to larger arrivals
of spot cotton here supposed to be for
contract delivery. There was good deal
CT scattering liquida ton on the decline, but
prices steadied again around O'Clock on
covering and later fluctuations were irreg
ular.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 41.25c; quiet.
Last Er0v
Open. High. Low Sale. Close. Clase
Jan. . 3S. 80 81 so 3.95 4.25 "a. % SO. 80
Mar. =. SO 10 SO. 20 So 10 80 go 900. SO OF
May ;. 40. % 40. so. 40 90 1925 40. % 40. 40
July . 3s. 20 3S. 90 81. so s.21 SO. 20 50. Is
Oct. =. So 80 35. 90 So. 20 So. so 81. 45 So 80
Dec. :. 81 Al "a. 05 "a 40 "a. so 81. 10 "a. As
NEW ORLEANS COTTON
NEW ORLEANS, April 30.-Better wealth
err over the belt caused selling of cotton
today in the early trading, but after de-
clines of 10 to II points the market ran
into good demand and promptly reacted
Mill interests were said to be large buyers
of October and the demand affected the
whole list favorably. AT the end of the
first hour of business prices were "a to "a
points higher than the close of yesterday.
July fell off to, 3S.06 and then advanced
to 3S.41.
The market turned irregular, July being
under considerable pressure. The report
that the war finence corpora ton had been
abolished caused selling but the new crops
Nfeli under it only in a grudging way. Late
in the morning July was at 1902 and 10
points Under thu close of yesterday, while
the new crops were IS to 10 points over,
October trading at 80. %.
Unfavorable reports concerning the prog
ress of negotiations to end teh threatened
Lancashire strike, fear that the harbor
strike in New Orleans might restrict the
movement Of cotton and higher call money
rates increased offerings of contracts. Late
In the session July was at 1882 and So
points under the close of yesterday, while
over yesterdays last quotations.
NEW ORLEANS COTTON
rhe following were the ruling prices in the
,H''ha1gr today:
Tone, steady; midiing, Al .25c, steady.
Open High. low Sale Close Gloss
Jan. .. 81 II 81. 90 30. IS "a .o3 81 OF 33. 90
Mar =. So II SO 40 50 10 SO 40 33. 40 80 So
May . SO IS 50. 50 80 20 80. % 80. IS so. 20
July . IS 20 IS Al 81 80 81 .95 7.95 80. II
Oct 81. 90 81. go 81. IS 80. II 81. II 81. Os
EfNEw ORLEANS SPOT COTTON
NEW ORLEANS, April 30.-Spot cotton,
quiet and unchanged; sales the spot, 305
bales; to arrive, $50. Low midding, 50. 25c:
midtllng. i1.2jc; good middling, 44.75c. Re
ceipts, $500; stock, 33S.250.
SPOT COTTON MARKET
Atlanta, steady, 42.25c.