Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-04-22
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COTTON

COTTON
NEW YORK, April 21.-The cot
ton market opened easy today at a
decline of 30 to 4S points and sold
So 10 IS points net lower during the
early trading under local liquidation
and southern and Wall street selling
on reports of good weather in the
south over the holiday. May de-
clined to 2977 and October TO 2{55
under, this pressure, but there was
widespread covering at the lower
prices and the market showed ralhes
of 8 or 10 points from the lowest TO-
ward the end of the first hour.
The Liverpool market was closed
today.
The early decline brought in
enough covering >later to steady the
market with probably a little buy,
ing on prospects for showeHy wealth
err in eastern belts On the whole,
however. the weather news was con-
sidered favorable and rallies of 40
or II points from the lowest were
not fully maintained. Trading was
verv quiet late in the forenoon. At
midday May was selling around 29,SS
and October 24.o9 or about 40 TO 40
points net lower.
Offerings increased during the
early afternoon and the market was
weak under commission house, wall
Street and Southern Selling accom-
ranied by talk of a weaker stock
market and comment on the Weath-
err news as pointing to a probable
favorable weekly review from the
weather bureau on "Wednesday:
Nav broke to 1856 and October
tn 24.34 with active months showing
net declines of about SO TO 81 points
around > o'clock.
NEW YORK COTTON
The followin. were the ruling prices ia
the exchange today:
Tone steady. middling,. 9.9oc' qule,.
Last Pref
Omen. High Low. Sale. Close. Close
Nav 80. 90 30 .o5 20. 40 % 50 80. - so. 50
July rs so IS. So rs 80 p 80 IS 6o
Oct. "a. 6S "a. 20 "a IS 24.36 24.35 900
Dec. 81. 10 "a. 10 %. 20 23.Ts 25.U "a 40
Ian. IS 20 rs % 81 2S.37 % IA "A. oI
11.45 a NJ. bids steady: May, 29.S2; July,
2s15; October, 24.52; December, 800 Jan
uary, 1887.
NEW ORLEANS COTTON
NEW ORLEANS, April 21.-Iae
cotton market opened easier ana hrst
trades showed losses compared Win
Thursdays close of II to "a points.
Liverpool continued closed. Inc
weather. over the holidays was gen
orally favorable and the weather
man showed practically no rain.
Mi;l-takings for last week were
small, 10000 bales against 176,Ooo
last wear. Prices continued to ease
off after the opening and May soon
traded as low as 1888, July at 219o
and October at 1881, or 43 to 81
points down from the previous close.
The undertone was generally bear
1sh.
After easing off to 8 points adj
ditional at the end OF the first hour
of trading, bringing May down 10
1880, July to 27.S2 and October to
1884, Or 46 to 60 points below the
previous close, the market reiapsed
into dullness. Prices fluctuated
aimlessly during the rest of the
morning, within d range of Is points.
The fact that tomorrow will be a
legal holiday here. state election
day, had a good deal to do with the
general unwillinGness to trade, as
business in the local market will be
suspended.
NEW ORLEANS COTTON
TIE following were the ruling prices IN
the exchange today:
Tone, steady; mddlins. SOC, steady,
last Prev.
Open. High Low Sale Close Close.
Nav so % 80 - % so %. G2 90. 60 IS 81
July IS. OS IS. OS ~. Al - So ~ 90 %. 43
Oct. ...24. 90 "A. 81 %. 81 %; rs 1913 24.3O
Dec. .23 %2 %. 6S Is 23.42 23 AZ "A .O5
Ian AZ %. 46 %. 26 % 26 % % 23 SO
Noon bids quiet: May, 29.I1; July, IT'D;
October. 23S7 December, 23.o7; Janu-
airy, .o.52.