Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-05-20
COTTON

NEW YORK, May 19.-The suspension
of the rule limiting daily fluctuations in
May contracts until the close of trading
in current May deliveries on Friday, was
announced in the cotton market today.
May notices amounting to about 1000 bales
were reported in circulation, but May sold
up to 42.9S on the CALL making new
high record and an advance of So points
from last nights closing on an urgent
demand from shorts. There were some
contracts for sale at this level and the
price later dropped to A.. so. Later months
opened to 81 points net lower and sold
about 20 to % points under last nights
closing during the early trading as a re-
suit of realizing or selling for a reaction
on the unsettled view of outside conditions
and more seasonable temperatures in the
south.
in the morning, while liquidation in July
md later deliveries became more active and
general. Weakness in the stock market
seemed to emphasiz unfavorable feature III
the general business situation, while the I'M
settled ruling of the grain markets was also
a disturbing factor, and Wall street was
a particularly heavy seller. The bullsn
weekly report of the weather bureau caused
Sigh trallies around midday but they met
increased offerings, with July selling off to
SIS. soc and October to 35.SSc, or o. TO ~
points net lower.
New lows for the currento decline were
made during the late afternoon when the
entire list with the exception of May reg.
= istered net losses at SO bale. AT that
time May was up 20 points.
The market showed still greater weak
ness during the early afternoon under CON
tinued liquidation and stop-loss selling.
July broke to IS. So and October to So.34,
or II to 104 pointe net lower. No special
news feature was mentioned to account FOR
the weakness but sentiment was unsettled by
the pessimistic view of general conditions.
NEW YORK COTTON
The following were the ruling prices In
Hba oroha
Tone, steady; middIing, 4sc, quiet.
Last Prev
Open. High. Low Sale Close ClHs"
Jan. :. 34.73 81. 50 80. 90 "a 90 "a 90 $40
Mch. :. 81. 20 81. % SO. 20 SO As SO As 343.6
May :. A.. 9s 40. 9s AZ. 80 40 90 A.. 46 40. 10
July :. 80. II 80. Al 1882 3s,66 Ss. 65 80. 80
Oct. :. sc. So &c. As So. 81 So. II 80. 20 SO. IS
Dec. =. 1851 40 "a. so "a. 60 a4.eo 1886
NEW ORLEANS COTTON
NEW ORLEANS. May 19.-The tendency |
was downward in the early trading IN cot
weat Their conditions over good part OF |
the belt and continued unfavorable trade re- |
ports, Liverpool cabling that Manchester
was receiving cancellations OF cloth con-
tracts made with China and that shippers
were trying to resell the goods. During
the first hour of business prices drspped
90 to 81 points, July touching 1915 and
October 36.14
Weakness in the security market and con-
tinued talk of slowing down of trade in fin
ished goods offset the unfavorable weekly
crop reports from the government, and the
decline continued Late in the morning the
active months were 45 to 9S points under
the close of yesterday. July touched 3soOc
and October $500. July was the strongest
month. ,
Aggressive short selling appeared In the
second half of the session and much l1qulda-
ton came from the long side. Very little
demand appeared from any quarter, except
IL enI1n Trhn
Toward the close the active months were
az TO III points under the close of yes
terday July went to $3.50 and December
TO 3442 that months bling the weakest.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone steady; middling, 40.50c, steady.
Open. High. Low. Sale Close Close.
Jan. >. $3.50 "a. 80 80. 80 SO. 30 80. so "a 80
Mch. :. "a. % "a. % 81. "a SO. Sc SO "a 81. SO
MAY 40. go 4O474 40. so 40. so 800. 40. so
July >. $50 sc. 90 SO. 80 So. 80 80. S5 3S. 80
Oct. SO. 40 SO. A 35. so 50. 81 So. so SO. 81
Dec :. 35. 45 IS. 4s 81. Al "a. AZ "a. Al So. 90
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 19.-Spot cotton,
steady and unchanged; sales on the spot
l. SO4 bales; to arrive, 563; low middling,
81. 5Oc; middhng. 4050c; good middling
a. so; receipts, 1884; stocks, 332,535.
SPOT COTTON MARKET
Atlanta, steady, 43.15c.
New York, quiet, 43c.
New Orleans, steady, 10000.