Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-21
COTTON
MUTT AND
BY BUD FISHER

NEW YORK, May 20.-There was a
further decline in the cotton market during
today's early trading. The favorable wealth.
or reported in the south was consideIe ell re-
sponsible for most of the selling and the
early feature was scattering local l:quida-
ton of contracts bought several Gays ago.
There was also further liqudat ton of July,
partly against purchases in later months
and after opening to 10 points lower,
active positions sold to IA points below
last nights closing, with July touching
1852 and October 1925. Ten May rotices
were reported but May held relatively steady
on buying by spot houses. Owing to the
holiday there were no Liverpool cables
Liverpool and New Orleans bought little
cotton here at the opening.
Reports that the trade had buying orders
In the market at $50 for July to fix prices
helped to check the early decline and pro-
NOTED covering during the early afternoon:
There were also reports of a firmer spot
situation on the rally to 1910 for July
and 1888 for October. or about 4 to l.
points net higher.
NEW YORK COTTON
The following were the ruling orices in
the exchange today:
Tone, steady; middling, 12.65c, quiet.
Open. High. Low. Sale. Close Close.
Jan. =. 1877 1892 3.72 1890 1897 IS. so
Mar. >. IA Oh IA. "a 14.01 14.24 14.2S 14.10
May :. IL. 10 II. Al L.. 0S Al IL. IL IL. IS
July :. IL 63 IL. so so 12.7s 1918 49,
Oct. :. IS So 49, so 10. % 10 so 10. AS 10. 81
Dec. =. Is. Go IL. So 81 1885 13. "a 10. 90
NEW ORLEANS COTTON
NEW YORK, May 20.-Continued favor
able weather over the belt gave the cotton
market downward trend today, and in the
first hour of trading prices lost Ii to 10
points. July sinking to II. Ice. There was
also some selling OF cables from England
saying that cotton mill operatives had re-
3ected proposals of wage cut.
Complaints from important portions of
Texas and Oklahoma that rains were badly
needed, and statements from some counties
in Oklahoma that only 10 per cent of the
crop planted was up caused new buying
to enter the market At IL O'Clock prices
showed declines of but to points, with
July at 12.2Ic.
Mill takings for the week Of American
cotton were somewhat larger than expected
and tLey helped the market in the late
trading. Toward the close the active
months were b to 6 points higher than the
close of yesterday, with July up to 1859.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 11.75c, steady.
Open. High. Low. Sale Close. Close.
May =. 10 1.91 11.73 Ii 81 11.91 II. 81
Mar . 49,. 81 3.s2 10. 90 '13 so 1875 1.72
May :. 11.76 II 81 II. 73 II 81 II 81 1.S2
July =. II. 26 Il. 80 u. 16 u. 80 go Il. 80
Oct . 1924 10. OF IS 1906 10. 05 -. SO
Dec. E. 13. % ID 40 IA $40 IS 40 10. &c
SPOT COTTON MARKET
Atlanta, steady, 11.55c.
New York, quiet, 12.65c.
New Orleans, steady, 11.75c.
Philadelphia, steady, 1890.
Norfolk, steady, 11.50c.
Savannah, steady, 11.63c.
st. Louis, steady, Hide.
Houston, steady, i1.65c.
Memphis, steady, 11.75c.
Augusta, steady, 11.13c.
Little Rock, steady, 11.50c.
Dallas, steady, lie.
Mobile, steady, lie.
Charleston, steady, 11.25c.
Wilmington, steady, lie.
Boston, steady, II. Coo.
Galveston, steady, 11.90c.
Montgomery, steady, lie.
ATLANTA SPOT COTTON
Atlanta spot cotton .... .1I.o0c
Receipts .'.' 90
shipments 80 -. 80 - 1'aVoo
HOLIDAY IN LIVERPOOL
LIVERPOOL, May Glowing to celebra-
ton vf the Whitsuntide holidays the cotton
exchange was closed today.