Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1918-03-01
SHEPARD & CT

SHEPARD & GLUCK's COTTON LETTER
NEW ORLEANS, Feb. 2S.-Cotton main
tanned its highest trend today although price
changes were not wide and the market was
held down, to some extent by private reports
of rains at scattered points in Texas. The
strength of spots remained an underlying bull
ish influence of importance and short selling
in volume did not develop at any time, prob
ably because of assurance from private sources
in Washington that the agricultural committee
of the house was against any price fixing on
cotton, which made IL appear likely that the
Ayers bill, designed to give the president con
troll over cotton, wool, leather and other COM
moditicS, would be pigeon-holed.
In the early trading the market was at one
time ! to points under the close Of yester-
day. From this level il moved up TO net ad-
vance of % to % points, and late in the SEES
sion was well mp toward the highest of the
day. 1t apparent today that the soft
spots trade interests were buying while the
market continued TO liquidate itself on ad-
yances. This is the secret of the extreme
steadiness being shown.
Spot accounts more favorable than ever,
telling of a good demand at high prices in the
interior and at the seahoard, in fact, in all
ccnters where cotton is stored. The rains in
Texas were too scattered to really affect the
drouth. So long the spot inquiry continues
to develop believe contracts will have a
higher tendency, and think purchases should
be placed on the reCeSSions which occur every
and then.
JOHN F. CLARK CO.'S COTTON LETTER
NEW ORLEANS, Feb. 2S.-News is current
that the government had reduced the tonnage
dlloNduCe IoE MdICu lvT LslNtAPOO' an OAAAN i"i
announcement from Liverpool by cable this
morning said mo trading allowed beyond July
until further notice"
The map shows cloudy in western states
partly cloudy rest Of belt. Raining in San An
tcnio; light rain in Dallas section and Oklahoma.
indica tiOns for unsettled rainy weather IN
belt, with good prospects for better rains west
In fact, several reports came to our market
this morning of rain in Texas and Oklahoma
points, also in south Texas.
First trades here were at points advance
on near months and 3 off on later positions
with a disposition To sell on favorable weather
developments in southwest and the general sit
uation particularly the export outlook.
New York seemed to be Dullish on local tech
meal conditions in that market, and the advance
there caused a sympathetic rise here TO SO.24c
for May.
BUTTER, CHEESE AND EGGS
Eutter-Dull; receipts, 6062; creamery, extra,
4yc; creamery, special market, 49R d5Oc imi-
tation creamery, firsts, 42d 49c; state dairy,
tubs 44G47c.
Eggs-Unsettled and weak; receipts, 9,2S2;
nearby white fancy, SEA 53c; nearby mixed
fancy, 4Tm49c; fresh firsts, $3.50 52c.
Cheese-lrregular; state milk, common to
specials, 2Ou26c; skins, common to specials,
SM l913c.
CHICAGO PRODUCE MARKET
CHICAGO, Feb. 2S.-Butter, creamery eX-
tras, ace; creamery frsts, 4512c frsts, 44%4 45c;
Eggs, ordinaries 3s12c; frsts 35lac
Cheese twins, 24a25%c; Young Americas,
Live poultry, ducks, 2sqaoe; geese, 2Oa25c;
/ turkeys, 2Jc.
potatoes, cars, IL; all grades, sl.4o@1.s5.