Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-04-11
COTTON

NEW YORK, April 1o.-The cotton mar
ket opened barely steady at an advance Of
point to a decline of 10 points. the gen
eral list being to ID points lower owing
to weak late cables from Liverpool ana re-
norris of more favorable weather In the
south. There was selling here by Llverpo9ii
and some of the spot house brokers' as wen
as scattering LIQUIDATION with July o co
tracts soon easing off to 17.26c ana oGto-
her to 1713c or about to IA points DeloW
Saturdays closing. The eastern oeit iGr ore,
cast rsS -;oiidy weather 9Th Eaowers; Eau
rather restricting influence OF seliing,
bnwerer while there was also some bullish
comment on the tone OF the STOCK meLhS MARY,
and higher foreign exchange rates, winch
promoted scattered buying on the decilhe.
After selling about l. TO - points net
Iower the market turned steader during tne
middle of the morning. There was no spect ,;
change in the general news SO lar as ,i ~,
Gated around the ring, but as soon as ser ;,
nrossure subsidized the market showed the III
fiunnce of a scattering demand, promoted
by firmness in stocks, foreign excnahsge e AM AM
grain July rallied from 1922 to lI.29 anu
other months. showed similar na oniet
No fresh feature developed during tns
middle of the afternoon. Trading re ;ni;
very quiet and prices huctuatea ,n wI' ~ osc
range of 4 or ) points, ruling around I"'%oc
for July, or about IL points net lower
NEW YORK COTTON
The following were the ruling prices In
Tho exchange today: ~
Tone, firm; midding, 17:9Oc, quiet p,.,
Open. High. Low. Sale Close Gloss
1o, 17.O7 II. 0S 16. 9S 17.OS 17.0S 17.4
Nav .17.75 II. so Il. 81 17.4 17.72 17.s9
JrIr III % II. SO 1922 1871 7.31 II 40
Oct. lib 1724 1910 1924 7.22 17.H
Dec. lila ZIG 17.O6 17.l6 lilo liz
NEW ORLEANS COTTON
AToriI
and the somewhat better weather outlook 1or
the belt caused moderately heavy selling OF
cotton today in the first half hour OF the
sessing, the market lost III 10 10 PoIht -
16 3Sr Reports of much rain in the west
ern belt over Saturday and Sunday dld no
more than steady the market at the decllne'
The weakness of Liverpool completely OIL
sot the unfayorable weather and crop re-
norts frfom the western belt. Many pomts
In Texas wired in that rains ana Iioous,
high winds and sandstorms had Done
great deal of damage and would ueiaE
further planting in many sections OF the
state Price changes became very narrow.
At the lowest of the morning the tradlng
months were wer& II Ito Is points down VIII
Nav at 1855 At noon the list was u
points up from the lowest. 49,
Early sellers were disposed TO take
profits in the afternoon, and their demand
caused partial recoveries At l;50 50 o,G ;nts
prices were at net losses OIL u III P0'''
with May at 1850.
NEW ORLEANS COTTON
Thu following were the ruling prices
the exchange today:
Tone. steady; middling, 1880; steady.
Omen, High. Low. Sale. Close. Close
Ian. 16. So 16. 80 16. So 1885 1885 16.A
Nav ;, 16, SO 16. 81 16. IS 1854 1852 1913
July :. 16. IS 10 &C 16. sc 1852 1851 1914
Oct. =. 16. 40 16. so 16. 3s .4s 16.47 1851
Dec. 16. Al 49, ~ 16. SO cal 1914 16.H
NEW ORLEANS SPOT COTTON
NEW ORLEANS, April 1O.-Spot cotton
s+aadv and unchanged. Sales on the spot
961 bales: to arrive, 419. Low mddilng
1888; niddling 1858; good mlddling 1905.
Receipts 6,159; stock 26O,929.
SPOT COTTON MARKET
Atlanta, steady, 10000.
New Orleans. steady, 16.63c.
New York, steady, 17.9Oc
Philadelphia, steady, 1S.15c.
Norfolk, steady. 17.06c.
Savannah, steady, lie.
st. Louis steady, tic.
Little Rock, steady. 1850.
Houston, steady, 1I.2Oc.
Dallas, steady, 1000.
Wilmington, nominal
Galveston, steady, 17.40c.
Mobile, steady, 16.3Sc.
Memphis, steady, lie.
Augusta, steady, 1880.
Montgomery, steady, 16.l5c.
ATLANTA SPOT COTTON
Receipts. 400
Stocks. ''o0'oi1
LIVERPOOL COTTON
Tone: Steady; sales, 10000 good mid