Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-04-22
COTTON

NEW YORK, April 21.-The cotton mar
kct opened steady today at an advance of
10 to 20 points on overnight buying orders
and reports of unfavorable weather yes
terday particularly in eastern Mississippi,
northwestern Alabama and southern parts
of Tennessee. July sold at 1915 and Oc-
tober at 1862 the call, but private
wires received from various eastern belt
points suggested rather more favorable con-
iitons than expected this morning and the
market eased off after the opening under
realizing. There was also some selling
by houses with Liverpool and Japanese con-
rections on the decline, which carried July
off to 1884 and October to 1927, or about
Is TO % paints below last nights clos
ing.
Trade interests were moderate buyers on
the early decline and the market turned
frmer later in the morning expectat lions
of a bullish weekly report from the wealth
or bureau and unfavorable features on the
official weather map. July sold up to
80. 80, while October rallied to 1854 or
about s to 10 points net higher before mid
day. The unfayorable' eastern belt forecast
market held fairly steady early in the noon
hour, although the weekly review of crop
conditions was no more bullish than looked
for
to create more active demand was a dis
appointment to early buyers and the market
showed increasing weakness during the mid
die of the afternoon on the wall street,
Weakness in the stock market stimulated
offerings and active months broke 66 to Ill
points from last nights closing, May selling
at 41.00 and October at 1886.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, Al 5c quiet
Open. High. Low. Sale. Close. ClIse.
Jan. IA. 20 "a. so 33. 80 33 81 80. SO "a. so
Mch. ..33 90 "a. 90 81. AS 80. 81 80 ca .....
May Al. 65 Al. 80 $50 40. 65 40. IS Al. 65
July ...39.70 80. rs 3s. 25 1854 80. So 80. go
Oct ...36. So SO. 6S 4.92 So IL 35. 10 So. 46
Dec. ...35.5S 1888 a3. IS "a 10 "a .O5 1916
NEW ORLEANS COTTON
NEW ORLEANS, April 21.-The storm
over central and eastern portions of the belt
and heavy rains that came along with it
put the price of cotton higher around the
opening today by from % to 80 points, but
heavy liquidation met the advance and a
reaction followed almost immedia tely, SO
that at the end Of the first hour of business
the trading months were to points under
the close of Monday. July traded up to
S9.35 and fell off to 1907 and October rose
to 1851 and fell off to $500.
Just before the weekly crop reports at
10 O'Clock there was a rise on eXpecta-
tons of bullish returns and it carried the
market to a level, 81 to So points over
Mondays close on the most active months.
Heavy liquidation set in soon after the
reports were read out and, although they
were fully as unfavorable expected, the
market broke. Late in the morning prices
were at net advances Of only to Z points,
October selling down to 1912.
Following reports of weakness in the
stock market there was a sudden increas Sc
in selling and stop-loss orders were caught
in Il large way on the long side. Prices
crumbled until they were 1872 to III points
or more than So bale down from the
highest of the session, July touching 37.SS
and October 1910. At this level the more
active months were 124 to 1877 points under
the close of Monday. Late in the session
the market was at It's lowest.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; midding, 41.50c, stedy.
Open. High. Low. Sale. CLOSE Close.
Jan. ..34 80 "a. go 80 .O5 SO. Is 33. 1s "a 80
Mich. .33. 70 81. 85 80. So 80. IS 81. 55 SO go
May 40. 60 &C. go Sc. 80 SO. 81 80. 80 40. %
July 30 80 Sc. so 81. SO SO. 10 SO. O8 80. IL
Oct .96. % SO. Al 10 "a. 90 "a. 90 SO. OF
Dec. ...35 .27 81. 45 49,. rs SO 95 33 "a 35 0S
NEW ORLEANS SPOT COTTON
NEW ORLEANS, April 21.-Spot cotton
steady and quiet; revised, middling, % low
er. Sales ON the spot 1,S77 DaIes; to ar
rive none; low middling, $500; middlng,
4i.50; good middling, $500; receipts 5,237 !;
! stock 361 617