Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1919-05-11
BULLS RULE AT
END OF NARROW
WEEK IN COTTON
By Victor Barron
iarket Correspondent of The

Times Recorder.
ATLANTA, May 10.-The cotton
larket was without special feature
ais week, with values moving within
arrow limits and price changes err
attic.
Towards the weekend the market
eveloped a strong tone, as the re
alt of renewed strong buying for Liv-
Epool, Japanese and domestic trade
louse account. Leading spot firms al
bought and shorts were noted
mong the buyers. Under this slim
JUS, buying was occasioned by ex
essive rains throughout the belt, with
respects of more, together with
-rong spot markets, heavy exports
,.Ad general belief that Germany will
ign the peace terms submitted to her
.7ithout causing anyone any trouble,
Though she is expected to argue
1ome and probably hold off until the
asst minute.
Final prices Friday showed the
yulls victorious, futures at New York
eng "a to 81 points higher than the
revious weeks close, except May,
,hich showed a loss of 8 points. Val
es at New Orleans exhibited a net
ain of 20 to As points.
New Crop Stronger.
New crop options were the most ur-
emily sought, especially for long ac-
cunt, owing to increased apprehen-
ON with regard to excessive rain,
which has greatly handicapped farm
rs in finishing up" The tornadoes
7hich this week swept southwest
'exas, did great damage to crops in
nat section. Owing to the scarcity
t farm labor, high price of seed,
ertilizer, ETC., little replanting is ex
ected to be done this season. In adj
.ition to this farmers will experience
ifiiculty in getting grass from the
-elds, owing to labor shortage. The
bid adage is: "A wet May, a poor
rop." And it looks as is May will
rove to be wet, in that it has rained
very day SO far this month. The
Amy weather already has started
Eeevils in the southwest portion of
his state.
The market rose to new high for
he week and within sight of the re-
lent top records Friday, with the
outh the leading buyer.
Wall GAroof
Offerings during the week came
-hiet1y from Wall Street and for west
IN account, the latter having used |
otton as hedge against losses suf-
cred by the slump in corn while |
Vail Street never did believe in any
hing but lower prices, except in their
own play house" OF course, there !
was some little selling from other
ources, but not at any time lid sales
3xceed demand. All offerings went
alto confident" hands.
Probably the chief factor encourag-
ng buying for long account was the
leavy export movement, the weeks
)utgo amounting to 1898 bales, as
,ompared with 52,359 bales the same
'jeriod a year ago. So far this season
exports total 4,170,40 bales, as COM
jared with 3,53S,29O bales the prev
Gus corresponding period. Brunswick
cleared 10000 bales Friday to Great
Britain and Galveston cleared 81 900
)ales. Galveston reported that two
more large steamers have been allot-
ed to that port for May loading.
Spinners' Takings Lower
Spinners' takings for the week to-
~aled $4,000 bales, against $4,000 |
bales year ago. And the visible sup
ply of American cotton during the
week decreased II, 46S bales, leaving
he total visible supply at 3,4S6,497 |
bales. The movement into sight so far !
his season totals 9,S3S,139 bales, |
against 11,091,324 bales the same pc
riod year ago.
The government consumption re-
port which will be published on May |
H. is expected to be decidedly bull
ssh. It is likely to reflect the great |
revival of mill activity by larger con-
sumption figures during April and also !
ihow the bullish item of great reduc-
ion in mill ctockc