Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-05-18
COTTON

NEW YORK, May 17.-Tnere was heav!
general buying and sharp advance IL
prices ut the opening of the cotton market
today. Reports of unfavorable weather IL
the belt over Sunday and prospects for CON
tinued showers with low temperature dur
ing the early part of this week, were the
chief features on the advance, while buying
was also stimulated by the advance In Liver
pool. The market opened firm Mt an advance
of 90 to 10 points, generally 81 to 81
points net higher on the active months, with
July selling up TO 3S.S0c and October tc
SO SIC during the early trading, or "a to I.
points above Saturdays closing. There was
wall street, Liverpool and commission house
buying, while there was also moderate ae
mand from foreign and domestic trade IN
terests. Private cables from Liverpool re-
ported a complete settlement of the Lam
casire wage disputes
If ANYTHING the official weather map was
n little less unfavorable than expected and
realizing became more active during the
middle of the morning. There were reac-
lions of several points in consequence with
July selling off from $3.50 to $500 or
about % points from the best. Boxers with
Japanese connections were reported large
sellers on the early advance and the Official
forecast was for clear and warmer weather
in the west, a favorable feature. The
outlook was for further showers east OF the
river, however, and nervousness over the
crop outlook gave the market a generally
steady undertone.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, AZ .OOc, quiet.
Open. High. Low Sale. Close. Cltse
Jan :. 80. 10 So 90 "a. 10 81 .S5 81. SIS "a. "a
Mar. :. "a 65 34.75 "a. % "a 80 "a. 80 "a. o.
May E. Al 90 Al 80 fl 90 Al 80 Al. 40 40. &C
July :. 3S. so IS. 80 SO so SO. % 3S. so SO. &c
Oct. :. SO. so SO. IS SO. 50 SO. 46 8.45 SO. II
Dec. :. 10 35. SO 50. 40 So so 35 AS 35. Is
NEW ORLEANS COTTON
NEW ORLEANS. May 17.-Reports from
heavy rains in the belt over the weekend
caused an excited and advancing market on
the opening today and during the first hour
of business prices were raised Al to "a
points, July going to 1866 and October
to 1886. Messages from the western hall
Of the belt stated that many streams were
out of their banks and that much replanting
of cotton would have to be done.
The weather map reflected less rain In
the belt than expected and this checked the
buying. Following the forecast of fail
weather for the entire western half of the
cotton country offerings increased and the
market reacted. Late in the morning July
was trading at 1881 and October at 1856
and the gains were pared down to ID to
"a points.
The receipt of official returns from Texas
showing general and extremely heavy rains
for that state Saturday and Saturday night
again steadied the market and late in the
session the active months were at net ad-
vances of % to "a points
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middling. 4o.25c, steady.
Open High. Low. Sale. Close. Close.
Jan. =. IS. 80 81. 80 4.72 "a. So "a. Ss "a. 81
Mar. :. "a. 60 34.7e 81. 80 4.32 81. 80 "a. o;
May 40. 90 40. % 40. 90 &c. 90 80. 80 80 81
July :. SO. so 3s.65 1881 1888 1888 IS. Is
Oct. E. SO. 80 &c. SO SO. IS SO. 43 $40 SO. II
Dec. e. 30. S. 80 35 ss IS. 43 35. AZ 80. IL
NEW ORLEANS SPOT COTTON
firm and unchanged. Sales on the spot
1877 bales; to arrive, 300; Low middling
81 Csc; middling, 4O.25c; good middling
44.25c; receipts, 1900; stock, $40, s24.
SPOT COTTON MARKET
Atlanta, steady, 1880.
New York, quiet, 42c.
New Orleans, steady, 40.25c.
Philadelphia. steady, 4225c.
Galveston, steady, 42.25c.
Montgomery. 40.5Oc.
Norfolk, steady, 40.50c.
Savannah. steady, 41.50c.
st. Louis, steady, Al SOC.
Houston, steady, 41c.
Memphis, steady, 42c.
Augusta, steady, Al .50c.
Little Rock, steady. 42c.
Dallas, steady, Ale.
Mobile, steady, 10000.
Charleston, steady, 40. SOC.
Wilmington. steady. 40c.
Boston, steady, 41.40c.
ATLANTA SPOT COTTON
Atlanta spot cotton -. -. -. -. .43.3 $50
hecelpts 80. l7O
shipments .... 26U
OLochS ,20,UUI