Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-04-13
COTTON

NEW YORK, April 12.-With early re-
ports indicating slightly better weather in
the south, and Liverpool cables less favor
able, the cotton market opened at decline
OF 1 to 5 points.
There was scattered liquidation and
southern selling, with renewal OF May
liquidation, but spot house brokers bought
May around 1895, holding the decline IN
check during the early trading. July sold
off to II Csc and October to 17lOc, or
about 6 points net lower. Private cables
reported increased hedge selling IN Liver
pool. and there were reports that southern
mill curtailment was in prospect. Buying
ON the early decline here, however, was
encouraged by the steadiness of foreign ex-
change. reports of firmness in the open
stock. market and expectations OF bulllsh
domestic consumption figures tomorrow.
The better demand for May and pros
poets for unsettled western peit "ea'nea
caused rallies to about or shaue 49,
Yesterdays closing during the mldule Oh
the morning. As expected, the weekly re-
mort of the weather bureau Indicated favor
able crop progress in eastern pelC sectlons'
but if anything read little more unlal not
ably than expected as to the western Delt'
II promoted no buying of consequence, now
ever. and the midday market was extreme
ly quiet, with prices sagglng OIL tl'N1
Ii. SIC to about 1890 for July contracts.
Trading remained very quiet during the
carly afternoon with prices ruling around
17.70c for May and 17.29c for July' OF aOou'
2 to points net lower.
NEW YORK COTTON
The following were the ruling prices IL
the exchange today:
Tone, steady; middling, 71.sOc; quiet:
Open. High. Low. Sale Close Close
Ian. 17,O5 17.OS 1903 17.04 1904 Illus
March 49,. ..'.. 49,. ''''' 80 -
Nav 1870 1874 1896 17.66 1856 1918
July 1927 1874 1924 1870 1923 1871
Oct. 17.12 I'm 17.1O 1913 17.13 17.16
Dec. ITO 17.16 100 17.1S lib 17.l6
NEW ORLEANS COTTON
NEW ORLEANS, April 12.-Dry weather ,t,,
in all sections of the belt caused enough
selling to put the price of cotton to
points down in the first half hour OF the
market here today. May dropped TO- 1000
and October to 1880. Trading was some
what restricted because of the usual triple
Easter holidays to follow the close 10
morrow. ~, .ooos+ AZ
cloudy to unsettled and showery weather l1t
the western and central divisions. OF the Delt
and buying increased, following tne reauins
of the weekly crop report by the goEeetfn En-
ment, which was regarded as ratn1n 49, Nav
vorable than expected. Up TO noon MaS
traded as high as 1866 at which lever prices
were 1 to points up net . no-.,s
Messages to brokers from points In Ie&as'
reporting rain beginning again. naue %
steady market in the afternoon and at 10y
O'Clock the list was at net gains Oh !"
points, May standing at 1850.
NEW ORLEANS COTTON
The following were the ruling prices IL
the exchange today: ~
Tone, steady; middling, l65oc' STEADY.
Open. High. Low. Sale. Close. Close:
Tan. ..16. "a 16. 40 16. 81 16. 40 $50. 1851
Nav ..,1e. IS 49, 1855 1857 1855 1854
JuIv ...1e. Sc 16. So 16. "a 1864 1898 1851
Oct. ..1e.4O 1913 1888 16.47 1916 1915
Dec. 10. 80 1913 1882 16.43 1913 1888
NEW ORLEANS SPOT COTTON
NEW ORLEANS, April 12-Spot cotton
steady and unchanged Sales on the spot
500 bales; to arrive none. Low mloaLng,
1925: middling, 1850; good middling, 100;
receipts 5,743; stock 26S,o3f.
SPOT COTTON MARKET
Atlanta, steady, 1690c.
New Orleans, steady, 16.5Oc.
New. York, steady. II: soc:
Philadelphia, steady, 1900.
Norfolk, steady. 1Ic.
Savannah, steady, lie.
ST. Louis, steady, lie.
Little Rock. steady. 16.15c.
Houston, steady. IL. 15c.
Dallas, steady, 1900.
Wilmington, nominal.
Galveston, steady, II SOC.
Mobile, steady, 16.3Sc.
Memphis, steady, lie.
Augusta, steady, 1890.
Montgomery, steady, Ice.
ATLANTA SPOT COTTON
Receipts -. .....- ~ -. 5 81
Shipments -. 80 - 100 e e0t
Stocks -. -. ...SS'oS1
LIVERPOOL COTTON
rno .+oodv. saIes z ono. GOOD uiddlinr