Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-14
COTTON

II W L HUN
NEW YORK, May 13.-rhe cotton market
opened barely steady today at decline of
to II points under a continue ton of yes
further Wall street liquidation and scattered
offerings from the south. Better weather
adyices and the continued weakness of I.v-
erpool contributed to the decline but after
selling off to Il. 81 for July and 13.47 Tor
5 October, prices steadied on Liverpool buying
and covering. Early weather. reports indi-
Gated clearing conditions and higher temper
etures which were considered very desirable
in the south, while the lower cables We're
considered result of the British labo trou-
bles Reports from the domestic goods trade
remained favorable, however, and there was
some trade buying on the decline
Trading was quieter late in the morning,
but prices held very steady owing to the
smaller volume of liquidation, some trade
buying and covering. July rallied to bose
and October to IL. 6fc, or to points net
higher. rha improvement was encouraged
by reports that American cotton could DE
delivered in Japan at prices relatively
8 cheaper than the better staples and yarle-
ties of East India, with consequent pros
pect that Japan would be steady buyer IN
the American markets.
The market remained quiet but steady
during the middle of the afternoon. ruling
sround -. o5 for July or about points net
NEW YORK COTTON
The following were the rrft~" nrices ir
she exchange today '.f s
Tone, weak; middling 1850, quiet.
Open. High. Low. Sale. Close. Close.
Jan .13. 96 II .O6 1878 3.7S 1878 IA 90
Mch. ...14.2o II 80 II. Is IA % IA 03 IA. 90
Nay ...12 As -. go u. 4Os12, 40 II. 40 Il so
July .13 90 IS. 6s 12.7 $50 1871 IL. O3
Oct Ia 80 13 IS -. SO II. "a 10. 80 10 81
~ On. 90 0ps11 nOs M
NEW ORLEANS COTTON
NEW ORLEANS May 13.-An unfavolable
view of the British labor situation caused
declines of II to u points in the early trad
ing in cotton today but the market soon re-
covered and at the end of the first half hour
of business stood 1 to 2 points higher than
the close of yesterday. July fell off to
i SO and reacted to u. SO. Buying was slim
ulated by estimated sales at FallsnIver Tor
the week of no. 900 pieces of print cloths,
regarded here as fairly large, and by the
rise reported in the federal reserve ratio to
$50 per cent as compared with 55S last
week.
The report that peace bad been restored in
Upper Silesia increased the Iemand mGder-
ately and at IL o'clock prices were to 10
points higher than the close OF yesterday
with July up to 1874.
In the last half of the session the market
ragged at first under liquidation from the
long side and toward the close broke. sharply
under cablegrams from Manchester that mill
operatives had refused to accept the wage
cut proposed by master spinners. Prices
fell to levels 1e to % points under the
finals of yesterday, with July off to, l.. SOC
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 1oc, steady.
Omen. High. Low. Sale. Close. Close
Jan. ...13 .43 10 81 Is. 43 1881 10, 80 30
Mich. lib 10. so 80 1880 $3.50 13 .Ss
May ..12. 10 1929 ~, 90 1900 2,o9 1925
July ..12 s5 12.74 12.5O u. so - 80 II. IS
Oct. Ibis 13. 81 1906 1906 10. O5. 1921
Dec. lib. 40 10. so 10. % % % 3.47
NEW ORLEANS SPOT COTTON
y NEW ORLEANS, May 13.TSpot Gotten
212 bales: to arrive. 433. Low mfdd1ng,
925: middling, 1900; good middliug, 1850;
receipts, 2.706; stock, 412, 100. s
SPOT COTTON MARKET
Atlanta. steady, 11.5Oc.
New York, quiet Il. CSC.
New Orleans, steady 12c.
Philadelphia, steady, 12.90c
Norfolk, steady, Hoo.
Savannah, steady, 11.75c.
st. Louis, steady, Hide.
Houston, steady, 12c.
Memphis, steady, IL. 75c
Augusta, steady, 11.50c.
Little Rock steady, II soc.
Dallas, steady, IL .55c as. -
Mobile, steady, IL. 27e.
Charleston, steady, 11.50e. .s
Wilmington, steady, lie.
Boston, steady, i3. 15c.
Galveston, steady, Y. 10c.
Montgomery steady. lie.
ATLANTA SPOT COTTON
= Receipts -. -. go ;. ........-.. 800
shipments .-..,..'. 40
Stocks ~ go . -. ....... Sc 300
AMERICAN EXCHANGE QUOTATIONS
The following were the ruling prices in