Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-04-17
Atlanta Spot Cotton
Makes New Record

cents per pound for good middling on
Friday, thus establishing a new high
record since the war between the
states. This advance followed a rise
Of so points in the New York future
market, where new high prices were
made. Thursdays price on spot cot
ton in the Atlanta market was $3.50.
Reports of rains in the cotton belt
and the weather frecast for wet
weather caused the advance IN the
New York future market.
ATLANTA ooTToNsEED PRODUCTS
MARKETS
Corrected by Atlanta Commercial
Exchange.)
Crude OIL basis prime. tank lots. 80. .Sl625
c. S. meal, per cent ammonia, lU0- M ~
ton lots ....'......'.'.'..:.' .....' oe'VV
O. s. meal, Ga. common rate point. 49, ~,
100-ton lots ...................... 6I.UU
Cottonseed bulls, loose, CARROTS. ...... 1890
Cottonseed hulls, sauked, CARROTS. $500
No. linters. Sc: No. 2 linters. be: No.
linters. &c.
SHEPARD & eLUCK COTTON LETTER
NEW ORLEANS, April 16.-Further rains
in the central and eastern divisions OF the
belt and prospects of still mere moisture
to come caused stcong advances and new
high levels N the cotton market today
There was much profit taking at the ad'
vance, but it was not in sufficient volume
to bring about anything resembling 1reac-
ton. Much short covering was forced. SEN
timent is very bullish and it looks as II
the bulls will be able to retain their control
as long as the weather remains iso unfayor-
able although reactions under realizing OF
at least moderate proportions are to be
expected.
COTTON MARKET OPINIONS
Munds, Rogers Stackpole: We expect
good buying on substantial setoacks.
Bond, McEnany & Co.: Under the cir
cumstances, only temporary declines are ex
pected because Of the trades willingness to
pay current prices.
Moves & Holmes: We continue to adj
wise the purchase of cotton on all easy spots
especially the distant options, which are
selling at an unwarranted discount.
Hirsch, Llienthal &c Co.: Statist1cally
cotton is growing more bullissh as the sea-
son advances, and we recommend purchases
of October and December.
J. W. Jay & Co.: PRICE movements are
expected to be rapid in both directions for
some time to come, and the trend depends
on weather conditions.
e. F. Hutton & Co.: With the present
level Of values, we think fluctuations will
depend largely on weather conditions.
S. NJ. Weld & Co.: While we have no
very pronounced views on the immediate
course of market we think 1t decidedly I'M
wise to be short and prefer to suggest pur-
chases on any good set back.
JOHN F. CLARK & CO. COTTON LETTER
NEW ORLEANS, April 16.-Eariy weather
news was better than expected in as much
as it showed less precipitation than expected
and generally warm weather. However, re-
ports of rain came from Alabama and parts
of the Atlantics during the first trading
hour. This, and the expectation OF bullish
mill takings this afternoon then the accu-
mutation of buying orders overnight in con-
nection with yesterdays late advance and
the Montgomery news, caused 20 to 80
point higher opening despite the poor Liver
pool, and the gain soon became extended to
from so to go points. Owing to the nature
of the contrast the market can give ex
preston to only bullish influences and as the
result of a decided scarcity of sellers, the
market advances on moderat buying
NEW YORK PRODUCE MARKET
NEW YORK, April 16.-Flour, quiet and
firm.
Pork firm: mess, $40. 506l43. 90.
Lard, unsettled; middle west spot, $1,000
$4,000.
Sugar, raw, quiet; centrifugal, 96 test
$ts. 54@1S.55; refined, quiet; graduated,
Coffee, Rio No. on spot, 14A @15c; No.
4 Santos, 24@241ac.
Tallow, quiet; specials 141ac; city, 1870.
Hay, nominal; No. I, $3. O5@ az. Is; No. 3,
So. 1922 SIS; clover, 50. 4O@2. 80.
Dressed poultry, nominal; turkeys, 50@
soc; chickens, 2S@43c; fowls, 2S@43c;
ducks, 32@4Sc.
Live poultry, nominal; geese, 22c; ducks,
45c; fowls, SIC; turkeys, 40@45c; ROSTERS,
30c: chickens, stays, 40c.
Cheese, firm; state milk, common to spe-
Gals, 2O@31c; skins, common to specials,
Butter, firm: receipts, 1850; creamery,
extra, 75c; do. special market, T5h @76c;
state dairy, tubs, imitation creamery, firsts
47@73c, 49@50c.
Eggs, unsettled; receipts, 121Os nearby
Ql49c; fresh firSts, 46@49c; Pacifi ccoast,
extra JOm55c