Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-05-02
COTTON

NEW YORK, May 1.-The cotton market
opened steady at an advance Of points to
decline of points, near months being lntiu-
enced 0y bullish statistics and flrm caoies,
while later deliveries reflected prospects lor
better weather in the south. Private re-
ports received right after the opening, how,
ever reported rains in central Texas ana
prices stiffened up with July selling at 1928
and October at 1875, or about 10 to II
points net higher. survey by the de-
partmeent of commerce is said to point 10
q worlds consumption of l,O00,oOO oales
for this season, or, 5000, 900 more than the
nroductien. and to indicate a worlds carry
over on the first of August of I,9OOOoo
bales. including $500, 900 American Ihese
figures were a factor on the early advance
which was encouraged by reports OF Iirmi
market for cotton goods.
Some realizing was encountered just above
the 1S-cent level for October and December
but it was absorbed on slight reactions,
with the market showing increased strength
after the publication of the western oeit
forecast pointing to more rain IN IeXas'
May contracts sold up to 1S.54c, or 50 polnls
net higher while October advanced TO lo.lac
or 80 points above last weeks closing quo
tation. July remained relatively easy
around II 95c, or only % points higher, al
though there were rumors that ocean frelght
room was being engaged for the shipment OF
about 10000 bales out of the local STOCK 10
Liverpool. Bremen and Genoa
The advance met a little more realizing
around 1S.06 for July and 1922 for OCTOBER
but otherwise no selling pressure was re-
ported and the market held very STEADY
during the early afternoon.
NEW YORK COTTON
The following were the ruling prices
Tone firm: middling, 1886; quiet.
Open High. Low. Sale Close Closs
Jan. :. 81 1928 17.7S 1928 1928 l7.eo
Mch II. Ss 1888 1856 1888 1888 1870
May ..1s. so 1870 1926 $50 1850 1921
July ..17.75 1910 i7.75 1900 1900 17.72
Oct. III. So 49, 80 II SO 800 1928 17.s5
Dec. II. IS 1885 17.ss 1885 1882 1855
NEW ORLEANS COTTON ~.
NEW ORLEANS. May 1.-More rain IN
Texas. heavy in many places, put the price
of cotton IS to 20 points higher in the nrst
hour of trading today. According to tele-
grams to brokers here the rainfall was DAM
aging in many sections, resulting IN Iur,
ther overflow of streams July rose 10
II 3S land October to II. Al.
Reports to brokers here from Texas ana
Oklahoma continued highly unfavorable, NOT,
ing conditions which it was claimed Woulu
make the start Of the crop very late: me
forecast called for more moisture when IN
creased the effect on the market OF pr1vate
reports. In the trading up to IL O'Clock tne
active positions sent sc to 40 points
for July and II go for October.
The market remained strong into the
late trading, being wholly / weather at
fair. Up to 1890 o'clock prices stood AT
their best 40 to 50 points IN. July touch
ed II 62c and October, 1l.16c.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 1112c; steady.
las. Pres
Open. High. Low. Sale. Close. Close.
Jam .4S 17.7O II. 43 17.70 17.7S IT 20
Mich. ..17.29 1875 1929 1915 1775 1925
May ..17.o5 17.46 17!02 17.46 LAG 1890
July III. 80 II 81 II .27 &c 1855 II. 20
Oct. III. 40 1871 1913 1919 17.7s 20
Dec. 81 II. so II 80 II. 80 17.7s 17.2G
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 1.-Spot cotton,
steady, II higher; sales the spot, GAO
bales; to arrive 152; low middling, 1887;
middInig, 17.12 good middling, 1912; re-
ceipts, $685. stocks, go, 300.
SPOT COTTON MARKET
Atlanta, steady, 17.40c.
New Orleans, steady 11.lZc.
New York. quiet, 1886.
Philadelphia, steady, IS. 10c.
Norfolk, steady. II Soc.
Savannah, steady, IL .40c.
ST. Louis, steady, lie.
Little Rock, steady. lie
Houston, steady, 1860.
Dallas, steady, 1T.10c.
f Wilmington, nominal.
Galveston, steady, 1880.
Montgomery, steady, 1880.
3 Mobile, steady, 1876.
Memphis, steady, 17.50c.
Augusta, steady, 1850.
ATLANTA SPOT COTTON
Atlanta spot cotton ................I IL AUG
Receipts ....o ...... ....'s s'.... 20