Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-03-12
COTTON

NEW YORK, March 1.-THE cotton mar
ket opened steady at an advance OF z to
points in response to relatively steady LlV-
erpool cables. Private cables, however, re-
ported a quiet market there with Manches-
ter still poor, and the local market turned
easier after the opening rs result OF
southern Wall street and other selling
Nav eased off from II. IS to 11.66 and July
from, 1895 to 1915. with active months
Generally selling 9 to Is points below last
nights closing. The big reduction an
nounced in the price of some lines OF STA
pie cotton goods was accompanied by rely
Grated reports of increasing mln curtali-
ment which helped to check the early ad-
vance. III,
Midday rallies were not maintained With
prices easing off during the early AFTER
noon under scattered selling promoted by
weakness in grain and less favorable late
reports from Liverpool. May sold back to
11.56c and July to 12.03c, or 25 to p
points net lower.
NEW YORK COTTON
TIE following were the ruling prices In
the exchange today:
Tone. steady; middling, 11.4Oc; quiet.
Omen. High. Low. Sale. Close Close
Jan. 1918 1915 1871 1906 1921 1910
March 11.2G 11.27 Hos Hip 11.1O.11.30
NAV 11.s5 Hiss 11.54 11.61 11.60 isl
July 1a3o 1885 1901 12.OS 1907 1890
Oct. 1888 1888 1876 1853 1858 1888
Dec. E. . 1906 1905 1888 12.S5 12.so 1871
NEW ORLEANS COTTON
NEW ORLEANS, March 11.-Afater an
advance of to points on the opening to-
day. in response to favorable cables from
Liverpool, the cotton market fell OF anu
at the end OF the first half hour OF Dusl-
r., 1
of yesterday. May traded up to 116O ana
fell off 11.S6. Selling was scattered, but
was met by very small demand after tue
effect of Liverpool Wore off.
Wage cutting by railroads became a rae
tor in the trading because of the argu-
ment that it would affect the buying pow
aroused to carry prices "a to % points un-
der the finals Of yesterday, but when May
dropped to 11.26c pressure let up. At II
O'Clock the market was at decline OF ID
points.
The early decline carried May off to
SIC and July to 12.05c during the mid
die of the morning, or about % to 70
points net lower. Offerings were light
however. and prices steaded toward mid
day on covering for over the weekend, with
May selling up to 11.72c, or within points
Of Sdvc ast pgntf reported an @
proved tone owing to easier money market
conditions and also said that China had
been a light buyer of distant months, sug-
A relative increase of $50. 269 bales III the
worlds visible supply of all kinds of cotton
this week increased the selling, and at LOU
O. clock prices were % to so points under the
last quotations of yesterday. May touched
11.2Jc. The worlds visible supply of G,4Oj,-
$50 bales showed an increase for the week
of 206,922 bales, owing mainly to corrections
in the Bombay stock, against decrease TINS
week last year of 1884
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 10.75c, steady.
Open. High Low Sale. Close. Close
Mch. .O9 II. O9 10. So O.S5 SO II. OF
May III so IL. 80 II % 80 11.27 11.51
July 81 II. % II ga II IS II 81 IL. 50
Oct ,1o41 12.41 12.1o.1H.15 f. Is j.. AZ
Dec. ...... ..... 800. 800. l.. 81 l.. 60
NEW ORLEANS SPOT COTTON
NEW ORLEANS, March 11.-Spot cotton,
steady; quotations revised; middling, -
points lower. Sales the spot, 521 bales;
to arrive. 400 low mdding, S.00c; mid.
ding, 10.I5c; good middling, 12.5Oc; re-
ceirts, 4,431; stock, 41G35S.
SPOT COTTON MARKET
Atlanta, steady, 10.4Oc.
New York, quiet, 11.4Oc.
New Orleans, steady, 1870.
Philadelphia steady, II Csc.
Norfolk, steady, 11.15c.
Savannah, steady, 11.40c.
st. Louis, steady, 12c.
Houston, steady, 10.75c.
Memphis, steady, 11.40c.
Augusta, steady, 1O.65c.
Little Rock, steady, II 90.
Dallas, steady, 1050c.
Mobile, steady, 10000.
Charleston nominal.
Wilmington, steady, lie.
Boston, steady, u.50c.
Galveston. steady, 11.90c.
Montgomery, steady, 10.15c.
ATLANTA SPOT COTTON
Atlanta spot cotton ,..-... -. ...... 10. 40c
JtecelPtS 00t
shipments ..... .'''' ..'... o.
otoChS oJOOc
AMERICAN EXCHANGE QUOTATIONS
The following the opening, highest,
lowest, close and previous close quotations
IN the American Cotton and Grain Exchange
today: