Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-07
COTTON

NEW YORK, May 6.-Reports of an I'M
proving demand for goods and better pros
poets for settlement of the British coal
miners strike were reflected il the steady
ruling of the cotton market here eaily to-
day. There was also buying on the eas.,g
money market and reports Of an improved
spot demand in the south. aid after open
ing unchanged TO 6 points higher active
months sold to 10 points above last
nights closing, with July touching 49,
and October 1886. Ten more May notices
were reported but caused only little scat
Te'lz liquidation, and there was .urther
switching of short contracts from both
z My and July to later delivseies. Foth
Boston ard Philadelphia advices reported
4 broadening demand for cloths and sheet
lngs was also said to be in evidence.
Both old crop months and October made
new high ground for the season on the mid i'd
morning advance, with July selling at 1920
and October at 1892. or IA to 10 points
net higher.
At these prices there was increased hedge
selling and scattered realizing. which caused
rather sharp reactions, July selling off to
1909, or points below last nights clos
ing japanese interests are believed to
west for the past few days and We're cred
tied with selling hedges here today.
The market showed renewed steadiness
during the middle of the afternoon. The
appearance of a new Liverpool buying or
de-s caused some further covering with July
selling up to 1921, or points net higher.
NEW YORK COTTON
The following were the ruling prices ip
the exchange today:
Tone, barely steady: middling, 1Sc: quiet
Open. High. Low. Sale. Close. Close.
Jam. =. p II so 14-12 14-16 14.15 4-19
Mar :. 1876 IA IS IA. As IA. A .45 II. 50
May :. 1910 .s4 1890 12.T 1915 Il .6s
July :. 49, IL 13 80 Is 90 IL .21 $50 IS u
Get. =. 1854 IS go 1865 1878 1916 1918
Dee. :. 14.1s 1924 4.02 IA. u 14.10 IA IL
NEW ORLEANS COTTON
NEW ORLEANS, May 6.-Prices We're
higher by 10 to II points during he first
hour of business in the cotton market today.
Continued cold weather over the belt. eaSie:
disputes both in this country and in Eng
lantf and reports of more business doing III
cotton goods helped values. July traded
up to 12.SS.
Hedge selling appeared in considerable vol
time and was steadily maintained during a
good part of the morning session. Brokers
stated that the buying of spots and selling
Of futures was beginning to be done on a
sources prices fell eff to levels unchanged
to IL points down, compared with yester-
days finals. July fell to 1857 and De-
cennber to 1888. Distant months were un-
der more pressure than the near because OF
their premiums.
Claims by cable from Liverpool that the
English coal strike would be settled within
n week put the market well up toward the
highest of the day again, but on the close
hedge selling increased and the advance was
pared down to l to s points.
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today
Tone, steady; middling, 11.SSc; steady.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. :. 1872 49, 70 IS 81 $3.50 Is g. 1865
Mar, 1892 Is 90 Is SIS IS IS .95 .o2
May >. 12.os - 4S II IS Il 80 u. Sc 1925
JUL :. ~ 81 IL SIS 12.G CT II. rs 12.7s 12.71
Oct, =. IS 90 Is 80 81 13. % 13. So 10 81
Pee, >. 1856 IS sc 10 53 Is 60 10 go IS 60
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 6.-Spot cotton
steady. p up Sales on the spot 935 bales;
to- arrive, rs. Low middling, 9.13; mid
ding. 11.ss; good middling. 363: receipts.