Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-04-18
COTTON

NEW YORK, April 1.-THE cotton mar
ket was more active and firmer at the open
ing today owing to reports Of continued
firmness in the stock market and an i'm
proving demand for cotton goods. Firm for
eign exchange rates also were a factor on
the initial advance of q to 10 points, am
active months showed net gains OF
about "a to 81 points, with July selling at
17.4Sc and October at 1870. There was
light realizing and some selling by Liver
pool and japanese interests, but 1t was aD-
sorbed by trade demand and rather a broad
err buying movement through commission
houses.
Business tapered off during the middle
of the morning and there were reactions
of or points under realizing, but the
market firmed up again toward midday
on covering by May and July shorts sa ao ana
cries. July held around 17.4S and october
17.4O shortly after midday, or about "A to
30 points net higher. The detailed weather
reports were considered generally favorable
although there were rather heavy showers
at some eastern belt points during the last
4S hours.
New Orleans reported that a better spot
demand was developing there, and While
buying locally failed to broaden much,
prices held firm during the middle OF the
afternoon. July advanced to 17.5l, and
October to 1850, or twenty-seven TO thirty
nine points net higher.
NEW YORK COTTON u
The following were the ruling prices In
tho exchange today:
Tone, steady; middling, 1S.05c; quiet
Open High. Low. Sale Close Close
Jan. :. 400 1874 100 20 1925 6.96
Mar. :. ... go. 80. 1880
May >. II .66 II .9S 1855 1871 1871 17.60
July .. 1876 1851 1855 17.49 40 17.24
Oct. :. 1927 1855 IT, 17.46 17.45 I'LL
Dec. :. 1920 17.46 17.1G So 1877 1905
NEW ORLEANS COTTON
NEW ORLEANS, April 1T.-Reports of
too much rain in some sections of the west
ern belt/and better feeling regarding gem
eral business conditions over the country
gave sthe cotton market much stronger
tone today than it has had in couple
oof weeks. In the first half hour of the
session prices advanced % to % points,
MAY rising to 10. SSc and October to. 16.12c.
The strength of the stock market reacted
favorably upon cotton and new puyng
arose on the continued large export move
ment, Galveston alone clearing 1920 bales,
and on the fear that the low barometer IN
the southwest meant more rain for the
western belt. In-the trading up to noon
prices were sent 26 to 30 points higher
than the close of last week, to 1890 for
May and 1918 for October.
The market held its strength well In the
afternoon, rising to new high levels on re-
ports of scattered rains in Texas. At $50
O'Clock prices were "a to Al points up with
May at 16. 9S.
NEW ORLEANS COTTON
The following the ruling prices u
the exchange today:
Tone, steady; middling, 16.75c, steady.
Open. High. Low. Sale. Close. Close.
Jan. .16. 90 1871 16. 80 16. 73 1913 1876
May 10 1894 10 1914 1898 6.64
July .16. SO 16. "a 16. 50 1894 1871 16. 81
Oct. .16. 81 16. So 16. So 16. S4 6.s3 "A
Dec. .16. so 16. So IS. so 16. So 6.79 16. Al
NEW ORLEANS SPOT COTTON
NEW ORLEANS, April 17.-Spot cotton
steady, 20 higher. Sales on the spot 1,349
bales; to arrive 1913. Lod middling 1850;
middling 1915; good mdidling 1915. : Re
ceipts, 6,475; stock, 263,S17.
SPOT COTTON MARKET
Atlanta, steady, lie.
New Orleans. steady, 16.75c.
New York, steady, 1860.
Philadelphia, steady, 1890.
Norfolk, steady, tic.
Savannah, steady, 17.10c.
st. Louis, steady, 17c.
Little Rock, steady, 1850.
Houston, steady, 17.20c.
Dallas, steady, 16.50c.
Wilmington, nominal.
Galveston, steady 17.40c.
Mobile, steady, 16.13c.
Memphis, steady, lie.
Augusta, steady, 16.S5c.
Montgomery, steady, 1G.10c.
ATLANTA SPOT COTTON
Atlanta spot cotton E. :. :. 80. lie
Receipts :. 1,159
shipments 1,21O
StochS - - =. :. -.''5',iJI