Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-05-11
COTTON

NEW YORK, May 10-Reports of favora-
| BILE weather in the south Sunday led to
! considerable selling in the cotton market
during today's early trading, particularly IN
the new crop months. The opening was
steady at an advance of to IA points on
the old crop positions which were bought
by Liverpool and domestic trade interests,
but the new crop was to 16 points lower
and soon sold So to 40 points below Satur-
days closing under liquidation and scatter
ing pressure. The weakness of late months
unsettled the near positions and July sold
off to 3S.05, or 10 points net lower. There
was n little better demand around 35 40 for
October and prices later rallied a few points
from the lowest.
July sold off to S7.S9c later in the morn
ing, or % points net lower, but the decline
in the new crop positions did not extend
below 35.40c for October, and trading was
quiet toward midday, with active months
showing rallies of several points from the
lowest. New orleans a good buyer here
during the morning, while the selling was
largely local and there was scattered cover
ing on the outlook for showers in the eastern
belt. July held around 3Sc- and October
50. &c early in the noon hour, with active
months ruling some IS to 20 points below
last nights closing figures. Private cables
reported general selling in Liverpool on
the better weather news from the south.
Trading was very quiet during the early
afternoon, with prices ruling steady around
3S.17c for July and 1888 for October, or
about Saturdays closing figures. : Ihere was
so~rc buying by New Orleans on the rally,
w 'cn was accomplished by bullfsh private
e advices and talk of too much rain in
southwestern sections.
NEW YORK COTTON
The following were che ruling prices l"
Tone, very steady; middling, 41.3Oc, quiet.
Open. High. Low. Sale. Close. Close.
Jan. So "a. 40 "a Oh "a So "a 10 81 AZ
Mch. go. 80 SO 90 81. 81 SO 80 SO 81 1884
May ...40.1O 40. 40 40. 10 40.10 40 80 400
July ...3s. IS 50. So 81. 80 So. Is 3s. Is 3S. IS
Oct. ...35. 20 81. 90 81. 40 35.96 35 SO $3.50
Dec. ...34. so So. 90 "a. SO 80. 90 81 .9S "a. SO
NEW ORLEANS COTTON
NEW ORLEANS, May 10.-An irregular
market developed an cotton today. AFTER
heSitating opening there was a fall of 10
to so points on fairly good weather condl-
lions over the belt but from this there was
a recovery in which July led, that month
rising to 3S. 10 or 10 points over Saturdays
close vat the end of the first hour of trading.
Other months stood 16 to 24 points under
Saturdays close, October trading at So. 45.
Some of the strength of July appeared to be
due to undoing of straddles in which July
was bought and October sold.
The forecast of showers for almost all
sections of the belt was regarded as IN
eficial in some parts of Texas, they would
be detrimental nearly everywhere else.
according to the opinion generally held.
Late in the morning prices were points
week, July trading up to 3S.23c.
The demand continued until prices were at
net advances of II to q points, but late In
the day reports of widespread cancellations
of orders booked by mills for finished goods
were received from mill centers and the mar
ket fell off to levels points over to
points under the close of last week.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 40.25c, steady.
Last Prev
Open. High. Low. Sale. Close. Close.
Jan. ia. 90 "a. 80 SO. 90 "a. 10 "a. Is 4.1S
Mch. ...33. 80 81. 80 SO. 4s $3.50 s.7s 1917
May ...s9. 90 80. 6s SO. 60 SO. 6s 1915 .e5
July ...37. 80 IS. % 81. IS 3s. IA SO. IA IS. 90
Oct. ...35. 65 So .8S 35. 35 So 81 $3.50 IS. 81
Dec. IA. rs "a. 96 "a. 4S "a 81 "a 80 34.7s
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 10.-Spot cotton,
quiet and unchanged. Sales on the spot,
395; to arrive. so. Low middling, 1.25ec;
middling, 4O.25c; good middling, A.25. Re-
ceints 1871: stock, 81 ,7S4.