Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-03-27
COTTON

NEW YORK, March 2e.-The cotton mar
ket was irregular at the opening today,
first prices being 10 points higher to 8
points lower. Near months relative
ly stendy on renewed covering, inspired by
the steadiness of foreign exchange, and
there was some scattered buying of new
crop months on the rains showers in
eastern and central sections of the belt.
The precipitation was not heavy enough to
create much sentiment, however, while the
eastern belt forecast for fair weather was
disappointment to buyers Of yesterday.
This led to considerable realizing and Wall
street selling was a result of which prices
eased off several points after the call.
May sold down from 1925 to 3S.13 and Oc-
tober from 32.19 to 31.99, or to IL points
net lower.
Reports that exporters were buying spots
in the south were accompanied by an in
creased demand for May contracts in the
market here and prices advanced sharply
during the morning: May sold up to 9.4S,
or 33 points net higher and the strength of
the near position pulled up other months, al
though the new crop was held back by ia
vorable weather forecasts and better crop
advices. October sold at 80 10, or s points
net higher. The export demand was said
to come from the continent, sales being re-
ported for shipment to Havre and Germany.
There was realizing enough to cause slight
reactions early in the afternoon but they
soon firmed up again owing to the contin-
uped demand for May, large exports for the
day and the sharp advance in sterling. May
sold at 1855 after o'clock, or 40 points
net higher and October held around 10 or
about points above last nights closing
figures.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 41.50c, quiet.
Open. High. Low. Sale. Close. Clrss.
Jan. :. 3O.6O 30. e5 80. IS 30. 81 80. 60 80. so
May :. s.25 1885, 80. OF 3S. 45 SO. 45 39. 10
July :. 1910 1915 So. Al IS. ga IS. SO So 81
Oct. :. S2.15 32.19 81. 90 3D. 10 80 12 80. II
Dec. =. 81. 43 BIAS 81. IL 80 81 80 81. 80
NEW ORLEANS COTTON
NEW ORLEANS, March 26.-Selling >of
Washington of the adoption by the senate
Of an amendment to the laws regula ting
future contract trading. Additional selling
appointing Liverpool. In the first half
hour of business the trading months lost
% to % points, May trading down to 3742.
The rains in the central and eastern sec
tons of the belt were considered to be
heavy enough to be highly unfavorable and
likely to cause further backwardness in
trading mnoths were unchanged to points
up, compared with the final prices of yes
terday.
strong demand developed for May and
whole list strengthened. At l o'clock prices
were z to 46 points over yesterdays finals,
May standing at ISL
NEW ORLEANS COTTON
me Following were the ruling prices in the
exchange today:
Tone, very steady; middling, 4O.25c,
steady.
Open. High. Low. Sale. Close. Close
Jan. 30.41 30.50 80. Al 30.44 80. As 80. As
May :. .55 Ss. 81. ~ 3s. 10 81. O3 81. e5
July =. $500 IS. AZ 81. 90 IS. 80 So 81 So. 20
Oct. :. $500 80. 10 1.7s 80. 0a 81. Os SO. 90
Dec. :. 31.35 81. 35 81 90 81 20 81 20 81 %
NEW ORLEANS SPOT COTTON
NEW ORLEANS, March 26.-Spot cotton
steady, 80 points off. Sales on the SPOT
1,059; to arrive 600. Low middling, 80. 90;
middling, 1925; good middling, 1915 Re
ceipts 4,s41; stock 373, 15S.
SPOT COTTON MARKET
Atlanta, steady, 42.1Oc.
New York, quiet, 1.5Oc.
New Orleans, steady, 4025c.
Philadelphia, steady, 41.75c.
Galveston, steady, 40. 75c.
Montgomery, steady, So CSC.
Norfolk, steady, 39.50c.
Savannah, steady, 4O75c.
st. Louis, steady, 40.50c.
Houston, steady, 42c.
Memphis, steady, 40.50c.
Augusta, steady, 40c.
Little Rock, steady, Ale.
Dallas steady, AZ Csc.
Mobile, steady, 9.75c.
Charleston, steady. 40c.
Wilmington, steady, 39c.
Boston, steady, Acc.
ATLANTA SPOT COTTON
Atlanta spot cotton 40 loo