Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-04-07
COTTON

NE WYORK, April 6.-Weakness in Liv-
erpool and increased nervousness over the
British labor situation led to an opening
decline of Is to 20 points in the cotton
market here today. There was commits
sion house, southern and Liverpool selling
on the decline which carried May contracts
off to 11.49 and July to 11.96, or ~ TO -
points below last nights closing. The mar
ket then steadied IN covering, however, ana
there were rallies of 10 or II points on re
ports that British coal miners had accepted
Lloyd Gorge's proposal for another confer
ence and that Manchester was doing consld-
cradle business in spite cf the labor trouhies.
The market showed continued sensitive
ness to British labor news and the CLOS
ing weakness of Liverpool made an unfavor-
able impression on sentiment. July con-
tracts sold off to 11,95c in consequence
with active months generally showing net
declines of 20 to % points. but there seem
ed to be some investment buying as well as
covering below the 12-cent level for that
position This was sufficient to cause raj
there was some wall street buying encour-
aged by the easier ruling of call money
rates.
Trading was less active during the early
afternoon with the market evidently wait
ing for the outcome of the British labor
situa ton but prices held steady around 1855
for May and 1915 for July, or about
to points net lower.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone. firm; middling, 12O5c, quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. lib. 90 Is. So 13 90 Is. 80 10 80 10 70
NIGH. ........ ..... 49,. $50. 13.45 .....
May III so II Sc II. 43 II. SIS IL. S4 II. 10
July ...12.O5 12.4O II 95 L. IS l.. 81 -. %
Oct ..125 IS 10. 81 -. Sc L. 81 II. 81 II. 70
Dec. Up. SIS 1924 12.SS 13. % 1922 13 0S
NEW ORLEANS COTTON
N , 4 - Nl,p Gov
able labor news from England caused a low
er opening in the cotton market here today
but after declines of 16 to % points had
been made there was fairly strong rail-
and at the end of the first half hour CT
business the trading months were only to
IL points under the close of yesterday. May
traded down to 11.09 and reacted to IL %.
Realizing by shorts and new buying for long
account furnished the demand.
The fairly favorable tone of the weekly
crop reports from the government, which
told of cotton being up god stand in
both Georgia and Texas, induced further sell
ing and the active months dropped off to
net declines of 81 t OPT points. Buying of
good character again met the market and
at II O'Clock prices showed losses OF only
Ii to Is points. At the lowest May sold at
Il .0S.
The reports of conference over the
British coal strike were accepted as IA
vorable development and at 1:3O O'Clock the
tone was very steady with prices four to
five points higher than the last quotations OF
Yesterday. May traded as high as II. 40.
NEW ORLEANS COTTON
The following were the ruling prices In
Tho exchange today:
Tone, steady; middling, lie, steady.
last Prev.
Open. High. Low. Sale. Close. Close.
Jan. ........ 49,. l2.S3 1262
May 10 IL. 80 IL 0S II. 81 II so II So
July III so II 81 so II "a II 90 70
Get ...12.O8 II. 46 IL. O3 PA 2.44 - "a
Dec. ........ -. $50. ..... II. IS - .4S
NEW ORLEANS SPOT COTTON
NEW ORLEANS, April 6.-Spot cotton,
steady and unchanged; sales on the spot,
s.25; middling. HOO; good middling, 1918.
Receipts, 900; stock, 4O4 ,6I5.