Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-10
COTTON

NEW YORK, May 9.-The cotton market
opened steady at an advance Of 3 to g
points on Wall street and Liverpool buying,
but met considerable New Orleans and SOUTH
ern selling around 13. so for July and Is. 10
for October. This caused reactions in the
absence of any general demand and the
market was very quiet with prices barely
steady during the early trading. July eased
off to 13. 90 or about 7 points net lower.
Private cables reported a very quiet mar
ket pending strike developments in Liver
pool with poor spot demand. Locally
business was restricted with traders m
clined to expect more or less nervousness
and irregularity while awaiting decision
OH the matter Of war reparations;
The weather map was conSioere4 Ls more lore
while trading remained very quiet prices
showed a tendency to sag off late. July
sold down to 1906 and OCTOBER TO I3.oo or
to 10 points net lower. Preliminary re-
turns to a southern authority point TO 90
nestle mill consumption OF 422,OOO pales
Tor. April. -
ment of the marine strike helped the tone
Of the early afternoon market. Tracing re,
manned dull, but prices held steady around
1918 for July and 1870 for October, or
about net unchanged.
NEW YORK COTTON
The following were the ruling prices ID
Tone steady; middling, 1850; quiet.
Open. High. Low. Sale. Close. Close;
JAM :. 14.15 IA Is Il OF Il OF 800. 14.Oo
Mar. :. 40 14.4O 80 1888 II 80
day ..p.7O 1874 1850 12.71 1911 1853
fully :. Is. 20 10 20 1898 1911 1911 IS .13
Oct. :. IS .7S 10. 60 IS sc 1896 1859
Dec. ..14.07 14.os 1896 1897 1890 IA Oh
NEwY ORLEANS COTTON
NEW ORLEANS, May 9,-Too much rain
In the BELT sent the price Of cotton to II
points higher around the opening today but
when July touched IL. 81 offerings became
liberal, apparently coming from hedge sellers
and a reaction ensued. At the end of the
first hour Of trading the active months were
TO points under the final prices OF last
week, with July down to u. 20.
The decline continued until 1t amounted
to to II points, with July of to II. o6,
but toward mid-session q steadier feeling
was acquired because Of private reports OF
rain still falling over considerable area
of the belt and the forecast OF further rain
to come in several states. At IL o'clock
prices were 1 to points higher than the
close of Saturday.
The market strengthened a little toward
the close on cablegrams from Manchester
stating that it was likely that textile laDor
troubles would be smoothed over ana claim
ing that orders were accommodating in the
hands of manufacturers. Prices advancoe
to ne tgaips of to points.
NEW ORLEANS COTTON
The following were the ruling prices IN
the exchange today:
Tone, steady; middling, 1.Ssc, steady.
Last Prev.
Open. High. Low. Sale. Close: Close;
Ian %, go. lo.oo 4o'oH
Mar. :. 13 81 81 10 50 10 81 1891 1886
May =, - 80 Il. 40 1880 12.39 12.3 l2.57
July 1915 II 81 Il. So u 81 1919 1911
Oct. :. IS. So 49, 81 1918 Is. SO 10. 81 1926
Dec. Is 81 ID. 80 10 81 10. Sc 10. sc 40
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May Spot cotton,
steady and unchanged. Sales On the spot
GIL bales; TO arrive, 100; low mdling, 0Il3;
middlng l SS; goow middling,? 49, 3; re-
ceipts, 1872; stock, 40O,411.