Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-05-15
COTTON

NEW YORK, May 1.-THE cotton mar
ket was nervous and irregular during to-
days early trading. The outlook was for
clear weather today in the eastern belt,
but weather conditions were still more or
less unsettled and reports that short time
in New England was entirely due to curtail-
ment in silk mills, led to covering by some
of yesterdays late sellers. After opening
steady at decline of points to an ad-
vance of 4 points active months soon sold
some 10 to 10 points net lower with July
touching 1898 and October $500, but the
market later rallied several points on cover
ing There was one May notice in circula-
ton and that delivery sold at 40.19, but
there was very little trading in the near
months.
The census report showing domestic mill
consumption of SGT, S39 bales for April,
against 475,S75 last year was a little more
favorable than expected and may have led
to some buying during the middle of the
morning. Private wires, however, reported
rains in drouthy sections of the south
west, while the eastern belt forecast was
for clearing weather, and the market broke
rather sharply late in the forenoon. July
contracts which had sold up to 3S.0S dur
ing the earlier trading. declined to 1882,
while October declined from 1908 to 1886,
or about % to 25 points net lower.
Detailed weather reports showing heavy
rains in some eastern belt districts led to
covering during the early afternoon, but
general business remained very quiet and
bulges were barely maintained October
lower.
NEW YORK COTTON
The following were the ruling prices In
The exchange today:
Tone, steady; middling, Al .15c, quiet.
Open. High. Low Sal" Close Clrs~
Jan. . 34.32 81 40 81 90 81 % "a. % "a 80
Mar 33. II SO. rs 33 so 80 IL SO. II 80. 10
May e. 40. 10 40. % 40. Is 40. 16 40. % &C. 80
July $500 SO. 10 81. 50 IS. 0S 80. Os SO. G5
Oct. So. 95 So. O3 3. 65 81. 81 80 So 81. 80
Dec. 35.03 35.05 81. 10 So. O3 35. O3 35 90
NEW ORLEANS COTTON
NEW ORLEANS, May 14.-unfavorabIe
comment regarding trade conditions and poor
cables caused a drop of Is to % points
in the early trading in cotton today, but
the market recovered on the wet weather
map and went 6 to points over yesterdays
close on the more active months. July fell
off to 37.6S and reacted to $500. Rains
were reported in nearly all sections of the
belt and low temperatures were heard of in
the more northern portions
Following the receipt of the census bureau
flgures showing consumption in the United
States during April of SGT, $50 bales against
47o,S75 i'll April last year, the market
to about the early high levels. but buying
movement was soon expended and late in
the morning the trading months were lower
than ever under scattered selling stand
ing p to % points under the close of
yesterday. July traded to 1915.
Reports of low temperatures in the in
terror steadied the market late in the day
and caused partial recoveries. Toward the
close the trading months were 10 to Is
points under the final prices of yesterday.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middlng, 4O.25c, steady.
last trew
Open. High. Low. Sale. Close Close
Jan. =. 80 81. SO 81. 90 "a. % "a. % 81. 81
Mar. SO. SIS So s5 SO 60 SO rs 80. rs 8 .ss
May =. $40 80. 40 80. % IS. % 80. &c 80 40
July =. 37.95 50. O2 81. 10 81. SO 81. SIS 81. 96
Oct. =. So 90 So. 95 35. 63 1910 81. 70 a5. 80
Dec. :. 34.05 "a. 9S "a. &C "a .ss "a 81 &c. 80
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 14.-Cotton: Spot,
steady and unchanged. Sales on the spot,
35S bales; to arrive, 497. Low middling,
31.25"; middling, 40.25c; good middling,
44.2-c. Receipts, 3,66S: stock, 1856