Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-05-29

NEW YORK. May 2S.--The cotton market
was very quiet during today's early trading,
with irregular fluctuations. The opening
was steady at decline of 80 points ON No
vemher, but generally unchanged to ~
points higher further scattered covering.
Traders evidently found little in the news
to inspire further fresh commitments OF any
Importance on the eve of three-day ad-
f&nrnment, but the better zen of the stock
market had a sustaining influence, while
some traders questioned whether a bulllsh
official condition report had been fully dis
counted. After selling'at 3545c at the start,
October eased off to 35.3Oc, but later rallied
tn 30 0c. about points net higher
Two more private condition reports were
issued, one placing the condition at 64.7.
while the other made it 63.2, and pointed to
a slight decrease in the acreage. These
figures were within the range of recent
rports and failed to stimulate the market
which remained very quiet around midday,
with active months ruling within few
points of last nights closing figures Re
ports from Fall River said business has
been very light during the week but that
manufacturers were generally maintaining
prices.
afternoon under renewed realizing or Hquidl~
ton. July sold off to 1896 AMI October
to 1919, or about 20 to 90 points net lower
on an idea that bullish condition figures
had been discounted and reiterated reports
of unsettled conditions in Japan.
NEW YORK COTTON
the exchange today:
Tone steady; middling, 4Oc, quiet.
Last Prev
Open. High. Low. Sale. Close. Clase
Jan. ...33. so SO 90 SO 80 SO 80 SO 80 33.75
Mch. .33. As SO. As 50 95 So. 95 80. SO SO 80
July IS % SO. IS 81 70 1915 37.72 Is
Oct. ..35.45 As 81 So OF 80 OF 81. OF 35 As
Dec. ...S4.4 "a. so "a. OS 81 .Os 81. 0S "a. As
NEW ORLEANS COTTON
NEW ORLEANS, May 2S.-It was pre-
bureau market in cotton today, traders being
inclined to wait on the coming first condt-
tion report of the son, and the waiting
tendency was increased by the holiday tomor
row. Weather conditions over the belt were
regarded as highly favorable, and this caused
early break of Is to 80 points; but con-
tracts were well absorbed, and an hour after
the opening the most active months were l
to points over yesterdays close. October
fell off TO 35.15c and reacted to 35.43c.
The forecast called for dry weather over
the belt generally and offerings increased
holidays came from the long side. Late
in the morning prices were 16 to 25 points
under the finals of yesterday, with July
trading at 3S.05c.
Heaviest selling of the session came to-
ward the close and some of it apparently
was for short account, bearish traders ap
pearing to derive considerable satisfaction
from private bureau report condition
of 67.2. Toward the END the trading months
were "a to 40 points under the final prices
of yesterday.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone steady; middling, 40c, steady.
last Prev
Open. High. low. Sale. Close. Clcs~
Jan. ...33. 80 80. 80 SO .46 33 .46 SO. 46 SO 80
Mch. .33 20 SO .25 50. s. 80 95 80. 95 SO 20
July .3S.1 SO. % 7.Ss 1892 81 80 SO. 80
Oct. ...35 35 35 .43 81. OF 35. os 35 .0s 35. Az
Dec. ia SO 81. As 81 05 81 90 "a. O5 Al
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 2S.--Spot cotton
steady and unchanged. Sales On the spot
443 bales; to arrive none. Low middlrg
31.O0; middling, 1000; good middling, 400
Receipts 4,723; stock 533, 1858.