Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-04-29
COTTON

NEW YORK, April 2S.-Reports of I'M
proving weather conditions in the south led
to con siderable selling in tie cotton mar
ket during todays early trading. The open
ing was ) points lower on May, which was
influenced by tho circula ton of a few
notices, but later months were 1 to II points
higlfer on overnight buying orders. Liver
pool good sellc! hero, however, while
there was southern selling and local pres
sure became more active ell the call, with
active months breaking u to 80 points from
! last nights closing. Near months were roll
atIvely easy and July sold down to, 3S.3Oc,
while October declined to 3J.G1c.
The break extended to IS ID for July and
81. IL for October during the early afternoon.
or A. points to Go points net lower under
continued liquidation and Wall street sell
ing. promoted by the weakness in the stock
market Trading then became less active
and there, were rallies of 4 few points from
the lowest.
The MARKET became slightly stnadier late
en- covering in anticipation of hullish
weekly weather report, with July selling
Up to $3.50 and October to 1913. The re-
port, however, indicated that there had
been better progress with cotton planting
and proved 4 disc appointment to recent buy
crs with the result that there Il sharp
break in prices. Selling was active and
general. with July easing off to 3S.23 and
October to 1918. within Il few minutes after
the report iseucd, or 81 10 Ga points net
lower. '-s
NE" NO4lON
The following were the ruling prices tn
the exchange today
Tone, steady; middling 41.3Jc, quiet.
Open. High. Low. Sale. Close. Cl;sA
Jan. 81. IS "a so 80 So SO 81 80 50 81 20
Mich. .33 80 80 81 80. 75 :333 % So .O2 So AZ
May 400 40. 20 1927 40.35 40.3 40.75
July ...3S. so IS. so IS, 05 IS. 81 IS. So IS. GO
Oct. ...35 80 $3.50 So .O5 So. 3e So 81 80. so
Dec. .34. 80 "a. 30 "a. II 81. 3s 81. IS 81. 81
NEW ORLEANS COTTON
NEW ORLEANS, April 2s.--Mgch better
cables than due put the price of cotton
higher around the opening today, the active
months gaining 4 to % points, but almost
INN cdiatelT selling of about the same CHAR
acter that was felt Yesterday came on the
market and swift break followed. At the,
end of the first hour of business the market
stood 30 to IS points under yesterdays close.
July rose TO 3S.70c and dropped off 10
IS. OGc; October rose to $1,000 and fell OFF to
81. 10c Dry weather over the greater part
of the belt was responsible for most OF the
selling.
The market steadied up Somewhat in am
ticipatio of unfavorable weekly crop re
ports from the government at 10 O'Clock.
but the reports turned out much less bull
ish than expected and prccipitated extreme
" heavy selling under which there was
new break to new low lvcls for the seS
sion. Late in the morning prices were ~
to ~ points under yesterdays close, WIN
July trading at So cents and October at
1896
Heaviest selling came late in the session
when longs let so much cott&n apparently be
cause they feared fairly good weather
may in the morning. Offerings Of short
cotton increased and under the pressure the
market fell to a level &c to - points under
the close of yesterday, July landing. at 81 81
NEW ORLEANS COTTON
The following we're The ruling prices in the
exchange to-day:
Tone, steady; middliag. 41.25c steady.
Last Pre-,
Opeu. High. low Sale. CiUse Close
Jan 81 .GS "a 90 SO. 40 IS sc 80. 80 IS Oh
Mich. 33 Al IS fl 81. 60 81. 90 %. 20 30. 10
May SO 40 80. 40 SO. 20 50. % SO - 80 AT
July .3S.70 $40 81 SO. 3s.21 3S.17 IS. If
Oct. 80 80 81. go "a. 80 IS. O5 81. Oh So. 80
Dec. -. $500 ,Gf.9G 3f.12 34.3S 81. 81
NEW ORLEANS SPOT COTTON
NEW ORLEANS. April 2S.--Sp0t cotton.
quiet and unchanged: sales the spot, 493
bales: to arrive, 100: low middling 81. 10;
miduing, Al %; g0or middling. A. IS; re-
ccnpts $50; stock. $4,000.
LIVERPOOL COTTON