Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1918-05-24
Cotton

NEW YORK, May 23.-The cotton market
was irregular and unsettled at the opening to-
daq. There was good deal Of covering after
the sharp break OF yesterday and after opening
"A points lower to Is points higher, July sold
up from % 40 to %. a. and October from 80 03
| to 23.lO, or TO points net higher. This
bulge met increased offerings. however, with
sellers encouraged by easy cables, continued
good weather and lower SPOT markets. Before
the nd Of the first hour July sold off to %. AZ
and October To %. SO or - to IS points net low
er. Spot house ebrokers were among the sell
limited.
The break extended to %. 10 for July and
22.oo Tor october, or Al to GO points net lower
late IN the morning under continued lquida-
t ion accompanied by talk that low grades
might come here for July delivery.
Selling was less active after the late fore
noon break, but rallies of - 80 points
were not fully maintained with July ruling
around 1927 and October 2279 early in the
afternoon, or about % to 40 points net lower.
NEW YORK COTTON
Following were tue ruling Lr.ees N the
change today:
Tone, very steady; middling, 26.45c quiet
Open. High. Low. Sale. Close. Close.
January % SO % 90 % SO %. rs % 66 % st
February. .-... ..-.. y. go .. 10
March,. 90 % 30 % SO %. SO % 62 %. 81
May...... 1915 2S 80 %. IL %. IS % 30 %. go
June....... 49,. -. ..... 49,. %. "A Is 40
july. % so % ~ % .o5 % As %. Al %. 20
August. 20. ..... 49,. ... .... % .149 % 40
September. .... ..... %. "a % so
October. o.. 90 90 10 % 81 % IS %. So % .O5
November. ..... ..... 800. %. 81 % %
December. % 90 % on -. "A % II % &c - 9S
NEW ORLEANS COTTON
NEW ORLEANS, May 23.-Favorable weather
over the belt and reports that spot houses had
turned sellers of contracts caused a general
selling movement in the early trading in cot
ton today. Prices were 16 70 q points under
the close of yesterday at the end of the first
The selling movement gained further mOmen-
tum from the forecast of dry weather for the
belt and in the trading up to prices were
sent A to o. points under yesterdays last quo
ia tions.
The tone became dull in the afternoon, with
the sagging movement continued. At / o'clock
prices were 40 to 81 points down net.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, very steady; middling, 2s.75c. steady.
Open. High. Low. SAFE. Close. Close.
jan .... 81 65 81 65 81. A II A 81. 10 81 81
March -. ..... 81 so 81 81 ..... 81. 50 81. So
May ..... rs 80 27.75 IS. go 27.75 27.75 80
June ........... ..... %. SO % so
July ..... 2s.65 2S.74 2s.14 %. GO % SO 2S.75
Aug ..... ..... -.... ..... 2. 90 so
Oct. ..... ..... 800. 49,. % .65
Dec. 800. HISS q. o2 81 so 81. 50 81. Sc D. O4
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 23-Spot cotton quiet,
Is points off. Sales on the spot, PA bales; to
arrive, 90. Low middhng, 26.25cc; middIlng.
2S.T5c; good middling, soc. Receipts, 1885;
stock, SEQ, 7Ss.
SPOT COTTON MARKET
Atlanta, steady, 2s. zoe.
New York, quiet, 26.45c
New Orleans, steady, 2s. 75c.
Augusta. steady 27.50c.
Memphis, steady, 30c.
Charleston, steady, S2.50c.
Montgomery, steady, 2950c.
Boston, steady, &c. ACC.
Philadelphia, steady. roc.
Norfolk, steady. &c.
Galveston, steady. 27.5Oc.
Mobile steady. 2s.5Oc.
Little Rock, steady, %. soc.
Dallas, steady, 2S.s5c.
Savannah, steady, zoe.
st. Louis, steady, 29c.
Houston, steady, 26.7Oc.
800. ATLANTA SPOT COTTON
Atlanta spot cotton ..............,.... .2S-2Oc
Sales NEUTRALITY-SUSPICIOUS.. 20
receipts NEUTRALITY-SUSPICIOUS.. 095
shipments OBSERVATION-DISCLOSURES. $50
STOCKS ...,.........., .o4, l+l
COMPARATIVE PORT RECEIPTS.
last Year. Today
GaNesIon .'...'..''.''''''..'. ZOI1 I,IO0
New Orleans ................. LBS 1888
Mobile ..............,. ......... 70
savannah OBSERVATION-DISCLOSURES. 5S2 254