Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-04-08
observation-disclosures
COTTON

{ NEW YORK, April An opening of to
IL points in the cotton market today was III
response to relatively steady Liverpool ca
blaes, and some buying was encouraged by
reports of continued strength in the stock
market The weather map, however, was
considered fairly favorable and the market
becme unsettled after the call owing to re-
newed liquidation of May contracts. Spot
house brokers sold that position against pur-
chases of July, while there was scattering
liquidation of May long accounts replaced by
buying in early new crop months, with the
result that the near month premium over the
July position soon narrowed from 0U points
Mt the close yesterday to about fl points
May sold off to 1915, or points net lower
while October held around 11.lO, or ABOUT
net unchanged Private cables said Manches-
ter was less atcive but that the Liverpool
market had been sustained by talr spot
demand and trade calling. o..
There were recurring spurts OF May Hqul,
dation which kept the market nervous ana
unsettled, but this selling subsidized toward
midday and after having climbed to l1:aoc,
offerings disappeared later months also
steadiel up from the lowest, but business
became quiet and buying of new crop was
held in check by the better average OF the
wea tkef news.
Rather bearish weekend statistics were
without any apparent influence on the mar
ket, being offset perhaps by storm warning
for the Texas coast, and the market was
very quiet during the middle of the after
noon. Prices ruled around 1915 Tor May
and 1907 for October, or about } to q
points net lower.
NEW YORK COTTON
The following were the ruling prices In
tho exchange today:
Tone, steady. middling, II Csc, quiet.
last Prev
Open. High. Low. Sale Close Gloss
Jan. :. 16 9s II .O3 16.95 1876 1897 1884
Mar. 800 '''' -. ~ 20
May :. 1870 1874 1910 17.7S 17.7S 81
July :. 1875 II SO 1924 17.2s 17.2s 1871
Oct. :. 17.1417 17.O4 90 100 II 10
Dec. :. 1907 17.14 II .O4 17.1o 17.O6 II. OS
NEW ORLEANS COTTON
! NEW ORLEANS, April 7.-Continued IA
vorable weather over the belt caused drop
Of 6 points in the price of the May position
around the opening of the cotton market TO-
day, but other months displayed resistance TO
selling pressure and soon after the opening
the entire list moved upward on buying ap-
parently stimulated by expectations of favor
able weekend statistics. At the end of the
first half hour of trading prices were TO IL
points higher than the close OF yesterday.
May first fell off to 1858 and then hose TO
IL. sc. a
Smaller mill takings than expected forS
the week 1872 600 bales against 172OOO this
week last year, caused moderate selling I'M
der which prices sagged in a small way,
standing at noon unchanged to five points
down, compared with the close of yester-
day May traded down to 1850.
Small says were made in the afternoon
the market getting no support from any
source, not even from the storm warning
issued for jthe coast of Texas. At 1:30
O'Clock prices were 3 to points under
the close of yesterday, with May off to
1857.
NEW ORLEANS COTTON
The following were the ruling prices r
Tone. steady: midding, 16. CSC; steady.
Open. High Low. Sale. Close. Close.
Jan, :. 16. 81 1888 1876 1876 1928 1922
May :. 16. e3 16. &C 1857 16.65 1858 1864
AJuly ;. 16. 80 1855 6.55 6.6S 1862 1858
Oct. :. 16. SO 16.47 1888 1850 1850 1876
Dec. =. 16 SO 6.43 1926 1888 1888 1882
NEW ORLEANS SPOT COTTON
NEW ORLEANS, April Spot cotton,
ouiet, IL lower. Sales the spot. 541
bales: to arrive. 100. Low middlins, 123Sc;
middling, 16.3sc; good middling, 1850.
Receipts. 2,740; stoc, 262, oO2.
SPOT COTTON MARKET
Atlanta, steady. lie. 80,
New York, steady, II. Doc.
Philadelphia, steady, 1920.
Norfolk, steady, lie.
Savannah, steady, lie.
st. Louis, steady, lie.
Little Rock. steady. 16.15c.
Houston, steady. 17.2jc.
Dallas, steady, 1850.
Wilmington. nominal.
Galveston. steady, 17.40c.
Mobile, steady, 1890.
Memphis, steady, lie.
Augusta, steady, 1890.
Montgomery, steady, 16.1Oc.
ATLANTA SPOT COTTON ~
Atlanta spot cotton >.......H...... lie
SHIPMENTS Observation-Disclosures, 800
StOcks .........'.... .'..'...''.. .o5,oo2
VISIBLE SUPPLY OF COTTON
American, increase, 1850 VS.. decrease,
26,0S3, last year.
Others, increase, 10000 VS.. increase, g
GOO, last year.
Total, increase. 1850, vs.. decrease, a.
0S3, last year.
spirrers, 1872, 900 VS.. $4,000 last year.
Season, 1852 900 VS.. 7,672OOO last year.
Worlds Visible
others, oo67, 900 vs. 2,1sO,oOO last year
Total, 5,44S,524 VS.. 6;336335 last yeSf.
Weekly Exports n
One hundred seventy-nine thousand seven
hundred and forty-three VS.. CLOS last year.
Season, 4,343,50 VS.. 3,S04, 1913 last year.
LIVERPOOL COTTON
Tone. steady; sales, 5000; good middling,
10000.
Prev.
Open. Close. Close.
January .'.' S.9l 9.S6 9.a
Fepruary ........ 9.S3 9.Sl
Marcn $50. .'',' s....... $50 9.7S
april ...,s ....... lO.3 IA 1O.3f 1914
MAY s...lU.20 IU.2S los
JUNG 1U.24 TO-