Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-04-05
COTTON

NEW YORK, April Am opening decline
of to Is points in the cotton market here
today was only a partial response to weak
ness in Liverpool. According to private ca
apprehensions that British railway and
transport workers would strike in aid of
the coal miners. The local selling the
favorable news from abroad was checked
by hope that the conference between The
war finance corporation and southern bank
ers today would result in the announce
ment of some measure to assist in the ex-
portatiOn of stocks held in the south aud
the market held fairly steady for the first
few minutes. then broke under Increased
liverpool selling. There was also some
southern selling on the decline of 11.46 of
May and 11.99 for July, or about 20 to %
points net lower.
The market showed increasing weakness
later owing to continued unfavorable Brit.
ssh '"ade advices. and reports that sales of
fertilizers In the south had shown an in
crease during March. Early buyers were
among the sellers on the decline, which eX-
tended to II 80 for May, and 11.S3 for
July, or about 40 points below Saturdays
closing figures. 1t is reported that fertiliz-
er sales in eight of the leading states
showed a decrease of about 40 per cent
below last years up to the end of March
as compared with a decrease of about 90 per
cent at the end of February.
The market was less active and steadier
during the early afternoon on covering and
Washington reports indica ting that bankers
are willing to lend more freely on cotton
at present prices. July contracts rallied
from 11.S3 to 1904 aud active months gen
orally recovered about one-half of the fore
soon losses.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 11.6oc, quiet.
Open. High. Low. Sale. Close close.
Jan. lib. 05 IL. O5 1885 1928 1885 10 II
D.
May ..:11.5 IL 81 II. 80 II As 11.45 Hi
July ...12. 0S 10 II. So IL 81 81 %
Oct. ...12.6 IS 1912 1910 l.. So - SO rs
Dec. ...1S.OO 10. OF 1857 12.s7 So 90
NEW ORLEANS COTTON
NEW ORLEANS, April 4.-The trend of
prices strongly lower on the opening
of the cotton market today, but Immediately
after there were partial recoveries. A low
er Liverpool than due and reports that the
English transport workers had passed 4 reSO-
htion in, favor of Joining the striking coal
miners caused the selling. At The lowest
in the early trading; prices were II to -
points under the close of last week with
May off to ILL. At the end of the first
half hour of business prices were tc 20
points up from the lowest.
further break ensued following the post
ing of Hester's figures on, sales on fertiliz-
in the cotton region and at IL O'CLOCK
prices of the most active months were "a
to fl points under Saturdays finals with
May off to 0.97. Sales of fertilizers dur
ing March in eight cotton states we're
placed at &C.,, $50 tons against $4,000 in
March last year. For the eight months
ending with March sales amounted to 1,3ol,-
15S tons against 2,679,S17 during the same
period last year, a decrease of 1855 per
cent. Selling resulted because sales during
March were larger than during the preced-
ing seven months of the season.
NEW ORLEANS COTTON
The following were the ruling prices In
rlto exchange today:
Tone, steady; middling, lis, steady.
last Prev.
Open. High. Low. Sale. Close. Close.
am. s.'.' LIZ 1-'v'
May lib II "a O.97 70 IL. 10 II .36
July Ill go 20 II. 40 II. 50 11.57 81
Oct. ...1212 Is IL. 80 10. O6 2.O3 IA
Dec. ...12 SO 10 40 IL. "a r. % .26 Il. 40
NEW ORLEANS SPOT COTTON
NEW ORLEANS, April 4.-SpOt cotton,
steady, 25c lower. Sales on the spot, 1873
bales; 70 arrive 800. Low mddling, S.25;
middling, 100; good middling, 12.I5. Re
ceipts, $3.50; stock, 40G, 1SS.
The tone was steadier on realizing by
shorts in the early afternoon At 1:30
O'Clock prices were 10 to u points up from
the lowest.