Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-03-18
COTTON

NEW YORK, March 1.-THE cotton mar
ket was comparatively quiet early today,
the opening being irregular at an advance of
10 points to a decline of Z points. A de-
cline in the Liverpool was attributed large
! y to the advance in sterling but one OF the
! private cables said therehad also been some
selling ON a less favorable view of the
German news, and there was selling here
by Liverpool and the south. New crop
months were relatively easy at the start
Notwithstanding reports of rain in the east
ern belt, but later firmed upon scattered
buying. October advanced to 1892, or q
points net higher, while May sold up to
BIAS, or 20 points above last nights clos
ing.
The market was more active late in the
morning and prices ruled firm on a con-
tinued Liverpool and trade buying of old
crop months while there was also a scat
tering demand promoted by unfavorable
eastern belt weather prospects. May sold
October advanced to 31.93, or % points
above last nights closing Reports were
circulated that large foreign business
was being done in spot cotton in eastern
belt markets with sellers obtaining full
prices.
Exports for the day were 31,42G bales,
of which Great Britain took 1904; Japan
6,267; France 1875 and the continent 1900.
More bullish, spot news including rumors
of Germany buying in the southwest, gave
the market generally firm tone during
to 81. go, making new high ground and a
net advance of So points.
NEW YORK COTTON
The following were the ruling prices in the
exchange today:
Tone, firm; middling, 41c, quiet.
Open. High. Low. Sale. Close. Clasa
JAN 40. 80 80. 55 80. 80 30. so 80. so 80. 90
Mch. 40. 10 40. "a 40. II 10 40.15 40. 90
May ...37.30 81. IA 1924 37.72 37.71 1922
July IA As "a SO "a. "a "a "a "a. 81 "a. 81
Oct. ...31. 65 81. 90 81. 65 81 90 81 90 81. II
Dec. 30. SO 81. O4 80. rs 81. 90 81. 90 80. 81
NEW ORLEANS COTTON
NEW ORLEANS March 17-The i'm
provement in German news and wet weather
in the central md eastern portions of the
belt caused fair to heavy buyin of cotton
ness prices rose 16 to "a points, May ad-
vancing to 7.54. Liverpool prices were
much lower than due which had the eff
feet of holding the local market within
bounds. Sentiment was friendly to the mar
ket on the German developments alone.
The forecast of further rain in the east
ern belt, complaints of backward crop
prepare tions in the central belt and of too
dry top soil in portions of Texas increas-
ed the demand for contracts. Toward noon
the active months were % to % points
/ higher than yesterdays close, May trading
up to 3764.
Rumors of fresh labor troubles in the
! steel industry caused liquidation of long
cotton and some little selling for short ac-
j count. At L O'Clock the trading months
were to 10 points up net.
NEW ORLEANS COTTON
:, The following were the ruling prices on
The exchange today:
Tone steady; middling, 41c, steady
Last Prev
Open. High. Low. Sale. Close Close
Jan. 30.4O 80. 40 80 2G 30. &c 80. SO 80. Is
Mch. $50 80. 7S 80. so 80. rs 80. SO So. 80
May =. 37.41 37.71 81 SO 81. 6S 81. 65 81. So
July :. "a. Go "a. 95 81. 65 "a. 80 "a. 90 a. 81
Oct. =. .65 81. SO 81. 55 LA 81. 10 81. "a
Dec. :. 1910 80. 80 10 80. 90 80. 80 80. S.
NEW ORLEANS SPOT COTTON
NEW ORLEANS, March 17.-Spot cotton,
steady and unchanged. Sales on the spot
1859; to arrive, 1,765. Low middling'
$40; middling, 400; good middling, AZ. 90
Recelpts, 4,943; stock, 391, 757.