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

NEW YORK, April 3.-The cotton market
felt the influence Of the more favorable
weather reported in the south, unsettled
labor conditions and the talk Of increasing
domestic mill curtailment as a result Of the
New England strikes, at the opening today.
There was Wall street and southern selling
on the industrial decline of to II points,
with the market easing off to 17.15c Tor
July and 1850 for October, or about IL to
II points net lower right after the call.
There was only moderate volume or buSl-
ness. Offerings were absorbed on the de-
cline by trade buying and scattered cover
ling promoted by the firmness of foreign ex-
change and favorable Manchester traue du-
vices.
Trading was quiet later in the morning,
with offerings small that little BUYING
was necessary to send prices up TO I'.Zoc
for July and 1880 for October, or about 8
to 8 points from the low levels of the
morning. kilograms received here from
Savannah say that strict middling is Of
fered freely there at 80 points below May
New York but there was some difference
Of opinion to whether this would per-
init shipments here for delivery. 1t Is re-
ported that prominent eastern belt spot
cotton interests find present prospects
pointing to an increase of IL per cent In
acreage and of 20 per cent in the use Oh
fertilizer.
The market worked up to 1890 for July
and 169Sc for October during the early
afternoon the large exports and contln-
ued frmness of foreign exchange. Inc
grain market turned a shade easier around
3 O'Clock however, and cotton eased off
slowly with active months ruling about 3
to IL points under scattering liquidation.
NEW YORK COTTON
The following were the ruling prices in
Eso exchange today:
Tone, steady; middling, 1sc quiet. p
Open. High. Low. Sale Close Gloss
Ian. 1916 16. ST 16. II 1919 1919 1882
Nav 100 II. 90 II. so 1875 17.s5 1913
Julv 1925 II. % 17.15 IT. 20 17.20 80
Oct. :. 1851 169S 16.S6 1876 1894 1898
Dec is. 81 16. 81 16. 70 1890 1890 1871
NEW ORLEANS COTTON :
heavv rains in west Texas, which private
messages said would be highly beneilclal III
connection with the new crop, put the price
of cotton lower today, the trading posltlons
losing 6 to 10 points in the first half hour
of the session. May dropped to 16.52c ana
October to 16.13c. -,
Fear that the rains would extend into the
central and eastern sections OF the Deit,
where they would be regarded as h1ghly
detrimental, prevented a further decnne,
and additional steadiness was derlVeu IIonl
the strength of the stock market. WINE
the market gained no buying power o, son ~
sequence it recovered few points ana at
noon was at 1850 for May, net oechne
of points on that position. H.
A plus correction OF .o9 900 oaag gs cans 1
local stock making it 265, 123 bales, caus-
ed moderate selling for while but the
large export movement for the day prov.
ed an even stronger influence ana "a. ~
1: 80 O'Clock May, the most active month,
was at q net decline of 4 points, stand1nG
at 1861. Export clearances from al Unit
ed States ports amounted to 33,013 bales
against 210O this day list year.
NEW ORLEANS COTTON
The following were the ruling p:ices tF
the exchange today:
Tone steady; middling, 1885, steady:
Open. High. Low. Sale. Close. Close.
Jan. ..... 1900 .'''' 1910 W
May zig. 81 16. So so 1851 1851 1865
July ...16.4S 1910 1910 1917 16.47 1851
Oct. ...16.19 1920 1912 1919 1919 1910
Dec. ...16.11 1913 16. OF 1911 1900 1910
SPOT COTTON MARKET
Atlanta, steady, lie.
New Orleans, steady 5000.
New York, steady, 1Sc.
Philadelphia. steady, 1920.
Norfolk, steady, 17.25c.
Savannah, steady, 11.13c.
st. Louis, steady, lie.
Little Rock. steady, 16.15c.
Houston, steady, 1740c.
Dallas, steady, 1850.
Wilmington, nominal.
Galveston, steady, 17.45c.
Mobile, steady, 1G.63c.
Memphis, steady, lie.
Augusta, steady, II .13c.
Montgomery, steady, 49, 5c.
ATLANTA SPOT COTTON
Atlanta spot cotton ................ lie
Shipments ........ ....'. 49, oil
STOCKS .''.... .'.'.....4 Nv, II
AMERICAN EXCHANGE QUOTATIONS
The following were the ruling prices Ii