Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-04-13
COTTON

NEW YORK, April 12.-The unsettling
influence of the railroad strike situation
was reflected in irregularity at the open
ing of the cotton market today. First
prices were 10 points lower to 10 points
higher, late months being relatively firm
because of the continued bad weather and
Unfa vorabe crop advic2s. Liverpool was
good buyer here while there further
buying OF old crop months believed to be
for southern mill accounts, which helped to
absorb the early liquidation, and May con-
tracts soon sold up to 41.60, or is points
net higher. while October advanced to
80. Liverpool reported Il nervous mar
kct with scattering long liquidat ion owing
to the uncertain labor outlook in Lancashire.
The demand inspired by the builish wealth
err and crop news seemed to have spent
itself on the early advance of is to 20
points and the market broke very sharply
durign the middle of the morning. Stop
orders were uncovered on the decline which
carried May OFF from Al. so to 1910, or Z
points net lower, while October broke from
$40 to 1856. or 81 points from Satnr-
days closing figures. Trade interests
bought on the decline, however, and after2
the stop orders had been executed there
were rallies of so to 40 points from the
lowest.
May sold IN to Al JSc on the early after
noon rally. hut sentiment was extremely
nervous ana unsettled over labor conditions
and the market weakened again during the
| middle of the afternoon.
Nay 6rCkc2 TO Al .4Ou, or points net
lower. white later months showed net losses
of about IL to 80 points.
NEW YORK COTTON
Tie following were tine ruling prices in
HE exchange today;
Tone, steady; mid!ing, 42c, quiet
. Open. High, tow. Sac. Close. Clrse
Jan. . 3S SO 80. - 40 rs 81. 15 SO. 80
Mar. -. ....<.... go. -. 81. is
May, :. Al. 40 Il. 20 40.1O Al 40 Al .3S IL 40
July o. 50 90 80 80 So. 80 IS. 90 So. 95 80. Is
Oct. =. 80 30. 40 "a. 65 81. 50 "a S. 50. %
Dec =. 81 50 "a. 40 30. 10 33 50 So so "a %
NEW ORLEANS COTTON
NEW ORLEANS, April 12.--Wet weat her
in the belt over Sunday caused a higher
opening in cotton today and around the
opening call prices were 8 to a. points up
but almost Immediately heavy realization
by longs set in. mixed with a considerable
volume of offerings for short account on
expecta tons of better weather, and the mar
ket. reacted. Toward the middle of the
morning it stood 26 to 81 points under last
40. 50 and then fell off TO 4O.43.
With more rains predicted for portions
of the eastern belt, colder weather for
portions of the western belt and fair wealth
err over the greater part of the cotton
region, conflicting opinions arose regarding
the situation in the interior and an irregular
market developed. Late in the morning
prices were y points nlSler 10 ~ polntS
lower than the close of last week. with
The old crop months somewhat better sup
ported than the new.
Late in the session offerings increased on
general eXpecta lions OF better weather
map tomorrow morning. Under the pressure
prices toward the close We're at net declines
of II to IL points
NEW ORLEANS COTTON
The following were tho ruling prizes in the
~ 'haI~r t0lav'
Tone, steadq: miGdlng. II soc, steady.
Last Prev
Open tIign inw Sale Close Close.
jan =. So Al 90. ~ 80 SO s.. 60 32.57 SO. so
May E. 1888 40. 50 10. 40 40. 45 40. 45 40. 50
July . 50 90 IS 80 SO. % IS. SO So. 80 IS. AS
| Oct 8. IS 30 50. IS 81 90 81 80 81. SO 81 .0S
Dec . 81 80 81 30 So. 81 80 81 SO. 81 81 90
NE woRLEANs SPOT COTTON
NEW ORLEANS, April 12.-Spot cotton,
steady, unchanged Sales the spot, 1,204;
20 arrive, leo. Low middling, 2325c; mid
ding, 41,50c good niddling, 4Jc. Receipts,
3,C2S; stock, 351,1S3.