Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-04-08
COTTON

NEW YORK, April THE cotton mar
ket showed extreme nervousness and good
deal of irregularity during today's early
trading. The opening was 40 points higher
on April but there is very little interest
in that month, and while May showed an
opening advance of 10 points other months
were unchanged to ID points lower under
realizing. Buyers of yesterday on the
more serious view of the pink boil worm
situation seemed inclined to sell in some in
stances on reports that prohibition of plant
ing in infested areas would not affect an
per yaer, and private reports of better
weather. Realizing or liquida ton became
more active shortly after the call with May
easing off to 40.18 and October to 34.75,
or IL to So points net lower.
Trade interests continued to buy ON the
early decline and the market turned firmer
1ate in the morning a rally In sterling eX-
change and covering IN advance of the week
ly weather report This appeared to meet
bullish expectations, particularly in it's ref
erence to the southwest, and was followed
by sharp bulge in prices with May selling
up to 40. 80, a new high record while later
deliveries recovered most of their early loss
es with October selling at 30 .O5 or within
SO points of last nights closing quotation.
The bu1lish weekly report of the weather
bureau stimulated buying during the after
noon and all months made new high records.
May sold up to Ale, or 70 points net higher,
and October to s. 45c, or 81 points above
last nights closing quotation.
In the last hour options were strong, up
a to 80 points trade buying and short
covering.
NEW YORK COTTON
The following were the ruling prices In
Tone, very steady; middling, AZ. SOC,
quiet.
Open. High. Low. Sale. Close. Close
Jan. =. 1928 "a. 20 SO. SO SO .s5 3s. 95 3.ss
Mar. E. 50. OO>8s. O5 SO. 90 SO 100 s3.45 ....
May .. 40. 80 Al. 20 40. 04 81 40.97 40. 80
July >. IS. O5 3s "a 81. 6s $3.50 3s. "a $50
Oct. .. 1910 35 so 34.75 So .S5 5.35 S5.0s
Dec. =. "a. 25 34.7s 33. SO "a .55 "a IS 81. 3s
NEW ORLEANS COTTON
NEW ORLEANS, April THE price of
cotton lost 20 to SO points during the first
half hour of trading today under selling
encouraged by better weather conditions
over the belt, the failure of Liverpool to
make a good response to the advances Of
the last couple Of days on this side of the
water and theunfavorable international polit-
October teah er" to a. a. The market held Steady
Weekly crop returns were considered high
ly unfavorable and they stimulated new
buying of good character and also caused
more or less covering of short contracts
with the result that prices made fairly
strong recoveries. In spite of the fact that
the market rose on weather news, May and
July were stronger than later months, May
rising to 1918. Late in the morning prices
were points over to points under the
level of yesterdays close
The market became strongest in the late
trading, when an important new demand for
long accmount was felt, much of it from
outside sources, and the further strength
ening of values which it caused frightened
shorts into large covering operations. To
ward the colse the trading months were 81
to Al points higher than the last prices of
yesterday. May advance to 4015c.
NEW ORLEANS COTTON
Tho following were the ruling prices in the
exchange today:
Tone, steady; middling, Al soc, steady.
Last Prev
Open. High. Low. Sale. Close. Close.
Jan. E. 80. 40 80. 81 SO 40 33.7s 1913 SO. 46
May =. Sc. 80 40. Is SO. 80 40. Os 40. 05 SO. IS
July =. 81. 35 IS. Oh 81. 35 81. 95 37.91 81 "a
Oct. =. S4.7o 50 .12 34.A "a .9s 34.93 3D.
Dec. :. 34.0O "a. so 80. 70 "a. 80 "a. 32 34.11
NEW ORLEANS SPOT COTTON
NEW ORLEANS, April Spot cotton,
steady. Quota lions revised: Middling, I'M
changed. Sales on the spot, 1,732 bales: to
arrive, $50; low middlng, SO. %; middling,
also; good middling, 1890; receipts, 6606;
kstock, 344 go.
LIVERPOOL COTTON
Tone, quiet; sales, 1000; good middling,
80. Odd,