Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-03-14
|r7W@RyMarkttR po7t5
COTTON

NEW YORK March 11.-Reports
of further rains in the eastern belt
gave the cotton market steady tone
during todays, early trading, but
prices sagged off later on the fore
cast for clearing weather and realiz-
ing for over The weekend. May con-
tracts declined from 1918 to 1903,
with the market closing easy at a
net decline of 4 to 1S points.
The market opened steady at an
advance of to points on the
weather map showing further rains
in the south and overnight buying
orders. There was some buying
here for Liverpool account, but 9TH
erwise demand tapered right after
the call and the market turned cas-
Ter after the publication Of the favor
able eastern belt forecast. March
contracts sold off to 1882 and July
to 1880 with active months gener-
ally showing net losses of to IL
points in the late trading and clos
ing at the lowest.
Probably there was some scattered
selling on apprehensions that the
lockout of British engineers begin
ming today would have depressing
effect in Liverpool on Monday. The
disposition to close out long con-
tracts for over the weekend was
J. also promoted by the failure OF
weekend reviews to- show any i'm
provement in the domestic goods
market and uncertainty as to the
showing of the census report on sup
ply and distribution due next week.
It is apprehended that this will
show some falling off in domestic
mill consumption for February as
compared with January, owing. to
the labor troubles. Sales of print
cloths in the Fall River market for
the week were estimated at 100000
pieces and the curtailment was plac-
ed at $4,000. Mill curtailment in
New England was said to be increas-
ing, and there were continued re-
ports that southern yarn mills sIere
talking curtailment because OF poor
trade.
Except for realizing, however, To-
cal brokers reported very little sell
ing and there were reiterated COM
plants regarding delayed farm work
in eastern belt sections. Rumors
were circulating that considerable
cotton is coming here from the south
for delivery in March, but March
contracts held relatively steady dur
ting the entire morning.
NEW YORK, COTTON
E The following were the ruling prices in
NJ ynI,o fOda
Tone, steady; middling, 1860, quiet.
Open. High. Low. Sale Close Close
Jan. =. $50. -. -. -. 1928 1914
Mar. Is. SO IS. 80 IS. 80 IS. SO 1892 SO
May ;. 1918 1918 1903 1904 1903 IS. 10
July :. 1742 II. 40 1870 1871 1870 1877
Oct . 49, so 16. so 16. &c 1857 1896 1917
Dec. ;. 60 1852 16.47 16.47 16.45 1857
NEW ORLEANS COTTON
NEW ORLEANS, March 1.-THE
tendency in cotton today was to
gradually sag under offerings due to
better weather over the belt and to
uneasiness over the English labor
situation. After making declines of
six to seven points around the open
ing the market came back and trad
ed one to two points higher than
Yesterdays finals on the most &C.
tive months, but little later it fell
off again and finally worked down to
levels 8 to II points under the close
of Yesterday. May sold down to
1870 and closed at 1914. On the
close prices were at net declines OF
Is to points.
The weather map noted no rain
in the western and central portions
of the belt and, while there was rain
in the Atlantics, the weather there
was clearing. The forecast called for
dry weather in ali sections of the
belt and was the main influence IN
the late trading.
Messages. by wire to brokers mere
from Charlotte. n. c., said that SPIN
ners in CASTOR county had decided on
drastic cut in their output ana
this information caused more or less
selling, all the more so because lele-
grams from spot people in the east
ern belt claimed that mills in that
section were not showing any inter
est in the spot market.
NEW ORLEANS COTTON
~. ,orovinp were the ruling prices ip
Tone. steady; middling, Tic, steady.
Omen. High. Low. Sale. Close. Close.
Jan. '''' 49, :. 30
Mar. 1915 1878 1915 1915 1915 1888
Nav :. 16. rs 16. So 1910 1915 1914 1852
July 1910 IS. So IS. As 1851 1881 1876
Oct. !. 1900 16. Oh 1880 1871 1881 1o.9e
Dec. 1911 1911 $40 1911 1911 1918
NEW ORLEANS SPOT COTTON
NEW ORLEANS, March 11.-Spot cotton,
steady and unchanged. Sales on the spot
sol bales; to arrive, 34S; low middi,ng'
Is. 75c; middling, 17.0oc; good m11ddling'
49, 0c.
ATLANTA SPOT COTTON
Atlanta spot cotton -........'' IL. ooo
sReceipts ........ .......s' .'''''.'' 10
SHIPMENTS .....'' ''''''''' a GOO
AMERICAN EXCHANGE QUOTATIONS
The following were the ruling prices In
the exchange today: p,ov
Open. High. Low. Close. Close;
Mch. 1885 1885 1890 49, S 81 49, 20 %
JnIy 1741 17.41t IT 81 II 80 II 80