Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-04-01
COTTON

NEW YORK, March 31.-The cotton mar
ket showed renewed firmness at the opening
today owning to an unfavorable weather
map, reports of an increaseds spot demand
in the south and the good tone in the early
stock market. First prices were steady at
an advance of 2 to points, with the ac-
tive months soon showing net advances OF
6 to Is points on buying by brokers with
Liverpool and Japanese connections. There
also was scattered covering by shorts and
some trade calling, but the advance to 1S.Oo
for May and IL IL for October met reallzinS
which caused some irregularity during the
early trading. The weather map showed
heavy rain in central and eastern belt sec,
tions and temperatures were considered
rather low in the southwest.
There was considerable southern selling as
well as realizing on the early advances, and
the market turned easier after the more IA
vorable eastern belt forecast. A disposition
10 take profits on long cotton also was pro-
uloted by a feeling, that the recent advance
rad met freer southern spot offerings and
there may have been some nervousness over
The coal labor situation. May contracts eased
off to II 90 and October to 1898 around mid
day, or about 8 to points net lower.
The market was steady during the early
afternoon ON reports of rain in the Carolina
and buIlish weekend statistics. May held
around 1900, or about two points net
higher, shortly after o'clock.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling 1s.10c; quiet.
Open. High. Low. Sale Close Close
Jan. .1e. 90 16. 90 16. 76 16. 76 6.76 1915
May II. 9s is. OS II SO II 90 II. 90 1877
July II 40 Ii. 4S 7.2S II 81 1871 II. 35
Oct. IT. 06 II II 16.93 16.94 "a 1902
Dec. .16 90 II 90 81 1857 9.1S7 1924
NEW ORLEANS COTTON
NEyU ORLEANS March 31,-COntlnueQ
rains in the belt and reports of consider
able trading in the spot department after
hours yesterday put the price of cotton
higher today, the active positions gaining
SIX to thirteen points in the first half
hour of business. May rose to 1851 and
October to $16.34.
The forecast of fair weather for the great
or part of the cotton region had private re-
poris of considerable cotton up in central
Texas, caused moderate selling movement
under which prices fell to Levels TO II
points under the close OF yesterday, May
,lroppin. to 16 63 At mid-sesson the mar
ket was steadier on mill takings of 11S,O00
bales. against IA 900 this week last year
saa 10000 this week two years ago.
The afternoon brought scattered selling
which held prices down in the trading up
to i: 80 o'clock when the list showed net
losses of 5 to points. October traded
down to 1916, new low for the day.
NEW. ORLEANS COTTON
The following were the ruling prices II
the exchange TO-DAY:
Tone. steady; middling, 1850; steady.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. .16. 90 16. 90 Is. 95 10 30 Is. 95 16. 06
May .16. So Il. 81 16. 81 16. SO 1862 1910
July .16. IS 16. Sc .4s 1850 1886 1886
Oct. 10 % 16. "a Is 16. 16 16. 16 1921
Dec. 10. Is 1918 1G, 10 1913 1904 1912
NEW ORLEANS SPOT COTTON
REyv 0pTEANS March al -SDot cotton
steady and unchanged. Sales on the spot
1851 bales; to arrive 1905. Low middling
1888 middling 1888; good middling 1888.
: Receipts 3,725; stock 233.705.