Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-05-13
COTTON

NEW YORK, May 12.-There was some
| selling on relatively easy cables and un-
favorable reports fro mthe goods trade at
| the opening of the cotton market today.
| First prices were 10 points higher on May,
but generally l to 20 points lower; with
35.3Sc after the call. Four May notices
were reported in circulation, and after
| opening at 40.25c May reacted to 40.15c, but
later months firmed up before the end of
the first hour on reports of rains in the
central belt. July advanced to 3S.O3c ana
October to $4,000, or about points above
last nights closing. Some sections OF TeXas
are complaining of excessive rainfall, but
the early weather news fEom the Carolinas
was favorable.
The market turned firmer late in the morn
ing covering by May shorts and If any
thing the weekly report of the weather
bureau published at midday, placed more
emphasis on unfavorable features than eX-
pected The failure of May notices issued
so far this month to bring out more lqul-
dation was evidently a disappointment TO
some of the remaining shorts and that posi-
ton led the advance, selling up to 4Ooo
or 90 points net higher while later delly-
cries showed net advances of % o35 points
early in the noon hour with July selling at
3S 30 and October at 1892.
There was scattered realizing at 4O.7O for
Nav and 1896 for October and prices
showed reactions of several points after 2
o'clock with trading comparatively quiet.
NEW YORK COTTON
The following were the ruling prices In
The exchange today:
Tone, steady; middling, .4oc, quiet;
Open. High. Low. Sale. Close. Clase
Jan. =. 80 90 81 40 33 80 "a. So ga So "a 90
Mch .. 40 81. SIS 80. SO 33. so 33 so 33. 46
May =. 40. % 40. 20 40. Is 40. 40 40. AZ 40. 10
July =. .95 1922 37.s7 1916 80. 10 1871
Oct. :. 35. so 50. 97 81. 3s So .93 81. 90 80 SO
Dec. =. "a. 3s 81. O5 "a. 80 35. O3 81. Oh "a So
NEW ORLEANS COTTON
NEW ORLEANS, May 12.-Poor cables
caused moderate selling on the opening of
the cotton market today, but after declines
of 10 to II points new buying came In,
based on reports of continued heavy rams
in portions of the northwestern section OF
the belt and on anticipation of unfavorable
items in the weekly crop reports from the
government. At the end of the first hour OF
business prices were 10 to Fl points over
Yesterdays close July fell off to 37.14c
and reacted to 30.
The weekly crop and weather reports at
10 O'Clock were more unfavOrable than eX-
pected and they increased the demand TO
a considerable extent, although trading dld
not become very active, many Would-De Duy-
ers being rendered cautious by continued re-
ports of a slackening in the demand TOT
finished goods Late In the morning July
traded at 3S.05 and the list stood ~ to 30
points higher than the closing quotations
of yesterday. .
the lat trading and 1T flrmed up on goou
demand so that toward the close the trading
months were 20 to 43 points over yester-
days finals, the new crops being stronger
than the old.
NEW ORLEANS COTTON
The following were the ruling prices In the
exchange today:
Tone steady; middlng, 4O25c, steady.
last Erev
Open. High. Low. Sale. Close Close.
Jan. .. SO 80 "a. 80 81. so "a. 25 % SO, 90
Mch. SO 81 80. 80 81. So SO so 1915 SO. 40
Nav =. Sc. 80 80. ~ 80. 80 80. 70 80 10 80. Al
July =. 81. IS IS. O5 81. IA 3S. 90 81. 80
Oct. :. 80. As So SO 50 81 80. 50 So "a 80. AZ
Dec. :. 81. 80 81 81 "a 3S "a. s7 34.S7 "a. 40
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 12.-Spot cotton,
steady and unchanged. Sales on the spot,
1,Ss3 bales; to arrive, 1874. Low middling,
81 .25c; middling, 40.25c; good middling,
A. 25c Receipts. 6,O91: stock, 347,710. q.