Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-04-27
COTTON

NEW YORK, April 26.-The development
of unfavorable weather conditions in the
belt over Sunday led to violent advance
in the cotton market here during today S
early trading. Cables were lower than due
and the opening price was 10 points lower
for May, but the tone was firm, with later
months II to 90 points higher on active COW
ering inspired by the bullish weather and
crop advices. July soon sold up to soc
and October to 35.45c, or 81 to % points
above Saturdays closing. Showers in the
southwest were considered beneficial, but
cool rains in the central belt, with pros
poets that they would spread eastward,
caused increased anxiety over the new crop
outlook.
IS 80 for July and 1858 for October, or
about 81 to 118 points above Saturdays
closing Quotati Reactions of % or 80
points followed, but trade interests were
buyers, while there was continued cover
ing and the market became less active, but
held steady during the early afternoon. A
private cable from Liverpool reported quiet
market there owing to dizziness in Man.
chester. 1t also said heavy tenders We're
expected at the end of the month and that
both finance an dwarehouse room was tight.
The market showed increasing strength
after the publication of detailed weather
reports which showed heavy rain in central
belt sections, and the advance was stimu-
lated by private reports of further rain east
of the Mississippi July sold up to 3S.94c
and October to So CSC, or 101 to 14S points
net higher.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 42c, quiet.
Omen High Low Sale Close CIFsa
Jan. :. 80. AZ "a. So 33 Al 81 So "a So $50
Mar. =. 81. Sc 80. 20 80. 65 33. so SO so 81 Is
May .. 40. 35 ALTO 40. 35 40. 80 80 40. 40
July IS. 90 80. 10 IS. 90 3S. 95 3S. 95 81 .93
Oct. =. 81. 80 SO. 10 "a 90 sc. 90 So SO 81. SO
Dec. ., g.. 90 81. 12 33. 90 81. O3 81. 90 80 SO
NEW ORLEANS COTTON
NEW ORLEANS, April 26.--Heavy COW
ering of the short interest and new buying
for long account of large proportions opened
the trading in cotton today. The buying
went ahead in the face of rains in Oklahoma
and Texas over Sunday, which were ac-
cepted as relieving most of the droughty
area. General opinion seemed to be that the
effect of these rains was more than bal
anced by the injurious effect of rains in
the central and eastern portions Of The belt:
In the first hour of business prices advanced
100 to 107 points, July rising to 3S.T and
October to 1876,
The forecast of colder weather in the
western half of the belt and of more show
ers in the eastern belt increased the de-
mand 10 large proportions and the new crop
months became much stronger than the old.
Late in the morning December was the
strongest month in the list and stood 141
points up at 34.71. Other active months
were 100 to 1872 up, July not getting above
the early high price Of 3s.77. Buyers found
the ring poorly supplied with contracts.
The storm warning for the Texas coast
and private reports of snow falling in some
portions of Oklahoma made the market more
excited and active than and forced
prices to advances of $50 to 16S points,
where December stood at 34.9Sc Late in
the session there was sufficient realizing
from the Ion gside to cause recessions of 20
to 80 points from the topmost levels.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone steady. mfddling. al .25C. Stea0V,