Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-04-14
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COTTON

NEW YORK. April 13.-The cot
ton market opened steady at de-
cline of seven points on August but
generally four to seven points hlgh-
er in response to relatively firm ca
bIes and reports of further rains
in the south. There was less pre-
einitation on the weather map than
there was yesterday, however, with
indications that the rains were work
ing east leaving clearing condltlohs
behind them, and prices eased OF
during the early trading under scat
tering liquidation. May declined to
1880 and October to 25.S1 during
the first few months of about three
to eleven points net lower. Private
cables reported a poor trade demand
in Liverpool, and attributed the adj
vance there a less favorable view of
new crop prospects.
Selling on the prospects for
gradually clearing weather in the
south was prompted by reports OF
a less active demand for cotton
goods and complaints OF a contlh-
ned Door demand for spot cotton IN
+ha solth. There seemed to be
some replacing of short lines COW
cred earlier in the week as we'll as
scattering liquidation on the de-
cline. which extended to 28.4S for
.Julv and 1855 for October during
the middle of the morning, about IL
10 % points net lower. There were
rallies of a few points from these
figures on covering promoted by
the wet weather details, but the
market was quiet early in the noon
hour.
The failure of the very wet de-
tailed weather reports to create
more general buying was dlsap-
pointment to old longs winch leu ~
renewed liquidation during the carry
afternoon. July contracts broke u
2S.31 and October to 25.53 with the
general list showing net losses OIL
about 81 to SO points, with prices
within or 8 points of the lowest
at 2 o'clock.
The failure of the very wet de-
tailed weather reports to create
more general buying was a olsap
rointment to old longs which led 10
renewed liquidation during the early
afternoon. July contracts broke TO
81. 81 and October to 1888, with the
general list showing net losses Oh
about 81 to So points, with prices
within eight or nine points of the
laowest at o'clock.
NEW YORK COTTON MARKET
The Following were the ruling prices in thu
exchange today; an o.. o,io+
Last Prev
o,an Hisb. Low. sale, Close Close
Ian. q. 0G %. O6 "a. 10 24.76 24.76 25.O
Mich. 24. so p. so 24.7O 24.70 24.52 24.so
MAY 90. 80 20. 80 20. Oh 29.16 29.16 29.41
JuIy %. rs %. rs 2s.2 %. 4S %. As 2S.67
Oct. q. 81 % 80 %. 43 1851 5.55 1854
Dec. %. 80 %. SO q. 90 %. OF %. oil 1888
NEW ORLEANS COTTON
NEW ORLEANS, April 19.-Rains
and low temperatures in the belt,
better cables than due and estimates
of GAO, 900 bales as March consump-
ton of cotton in this country caused
moderate buying around the open |
ing of the cotton market today on
which prices gained four to seven
points. Estimates that Fall River !
sales of print cloths were only 3d. |
900 pieces, making this one OF the
Gu:etest weeks since the war in the
market, together with prospects OF
clearing weather in the bolt, result
ed in selling under which prices
were nine to seventeen points lower
than yesterdays close at the END
of the first half hour of business.
May rose to 2S.88 cents a pound and
fell off to 2S.72; October rose to
1888 and fell off to z5.17.
The market became less active as |
the day progressed, but scattered |
selling held it down and late in |
the morning prices were at declines
OF nineteen to tWenty-se seven points. |
May falling to 28.62, and October
to 25.07.
Continued quiet in the spot de- |
partment increased offerings in the
afternoon and in the trading up to
so o'clock the decline was widened
TO 40 to 49 points. May sold off to
2S.40 and October to 2494.
NEW ORLEANS COTTON MARKET
exchange today:
Tone steady; middling, 29c; steady.
Open. High. Low Sale Close. Close
IAN. "a. 50 "a. so "a. so "a. 80 "a. As 24.74
uch. $50. ..... "a. "a. 40
Nay 2s. Sc 2S. SO %. 40 2S.54 %. so 1851
Jay 2s. 50 %. 60 2S. 10 %. 20 %. 26 2S.53
Get. %. 80 %. 50 24.94 25.O 5 25.04 "a. "a
Zee. 24.95. 24.97 "a. 80 "a GA 24.64 PAS
SPOT COTTON MARKET
Atlanta, steady, 29.20c.
New York, quiet, 29.35c.
New Orleans, steady, 29c
Galveston, steady, 29.3Oc.
Mobile, steady, 29c.
Savannah. steady, % SOC
Wilmington, steady, 2S.60c.
Norfolk, steady, assoc.
Houston, steady, 29.13c.
augusta, steady, 2S.S5e.
Little Rock, steady, 2s.40..
Montgomery, steady, 2S.50c.
Boston, steady, $3.50.
Memphis steady, 29.40c.
ST. Louis, steady, 29.40c.
Dallas, steady, 28.40c.
ATLANTA SPOT COTTON
Atlanta spot cotton ...-.,..........2 %. Zoe
Recelpts -..-...-............ 10Y
shipments ................. 900
~zzo $500 .x.1rrn