Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-05-27
COTTON

NEW YORK, May 26.-Yesterday's nd
vances were followed by irregular fluctua-
lions in the cotton market during today's
early trading. Liverpool did not fully meet
yesterdays local gains, but the market
here opened steady at a decline of l point
on July and to 20 points higher on other
deliveries. There was some scattered south
ern and New Orleans selling in expectation
of a favorable weekly report from the wealth
or bureau and unfavOrable goods trade ad-
vices. These offerings were absorbed by
continued covering on bulliSh private crop
reports and the steadier ruling of south
western spot markets late yesterday, with
July selling up to 1894 and October to 1918
after the call, or about ID to 20 points
net higher.
A private report placing the crops condi-
tion at CTS, or much the lowest on record,
and pointing to n decrease of IL per cent
in acreage, with an indicated yield of only
$3.50 600 bales, excluding linters, led to
more active covering both her and in Liver
pool. This was reflected in higher late
cables, while in the local market October
sold up to 35.4Tc, or 81 points net higher
and 132 points above the recent low level.
There was realizing this bulge in antici-
patton of a bullish weekly report from the
Gather bureau, and right after its publica-
tion October sold down to 35.15c, or about
80 points from the best.
The details of the weekly weather re-
ports made a less favorable impression
than the summary ana the market nrlneu
up again during the afternoon on renewed
covering. Reports that spots were being
held for full prices in the south stimulated
the buying which carried October up to
So 46, or 81 points net higher.
NEW YORK COTTON
The following were the ruling prices IN
the exchange TODAY:
Tone steady; middling, 40c, quiet.
Open. High. Low. Sale. Close. Clfs"
Jan. =. 80 % 33 76 SO. 10 80. 70 SO. 20 SO 20
Mch =. 33 .95 80 80 80. 70 SO % SO % 80. 10
July =. 81. so 3S. "a 81. rs 3S.14 3S. 10 81. 81
Oct =. So 90 35 As "a. SO So. "a 80 "a "a. 90
Dec. =. 34.O1 81. As 81. 80 "a. 90 "a. 20 SO. S8
NEW ORLEANS COTTON
NEW ORLEANS, May 26.-Declines of g
to / 9pOints were made around the. opening
Of the cotton market today, as the result of
poor cables, but heavy buying appeared a
little later on a private condition report OF
62.S, accompanied by figures showing de-
crease in the acreage of one per cent, 1ndl-
eating q crop of but $500, 900 bales. at
the end of the first hour of business prices
were 80 to 40 points over yesterdays close
July sold off to "a and reacted to 3S.l1.
Following the reading of the weekly crop
returns from the government, the market dld
better, traders constituting them as being
moderately bullish. Late in the morning the
than the last prices = yesterday. July ad-
yanced to s. &c and "ober to 30.4Oc.
While the market held a steady tone to
the close, reports from Texas that the
crop was making fast progress in some
counties, as the result of warmer weather
and less rainfall, were responsible for Afresh
selling on moderate scale under which
pricse fell off from the highest, last prices
for the day showing net gains of 40 to AZ
points.
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 Cl'se.
Jan, =. SO. 20 80. 20 SO 20 SO GO 33 so 49, 20
Mch. =. SO. O5 33.1 81. 80 80. 90 33 90 80. So
July :. ITO 1927 1854 s.O7 SO. 10 1910
Oct. :. "a. so IS. 40 "a. 65 1924 %. % "a. SO
Dec. =. SO. SO 81 81 SO "a "a. 81 "a % SO. SO
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 26-Spot cotton
steady and unchanged. Sales on the spot,
1886 bales; to arrive none. Low middling,
31.O0; middling, 1000; good middling, 400.
Receipts 2,976; stock 329, 125.
SPOT COTTON MARKET