Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-05-18
COTTON

NEW YORK, May 17.-CCOtton opened
barely steady, at decline of to II
points, because of disappointing cables,
Liverpool selling and commission house real
izing. July sold off to POPS and October
to 2O2J on or Immediately following the
call, but there were good many bulllsh
private weather and crop reports, ana
prices soon firmed up with buyers encour-
aged by more favorable political news from
abroad July rallied to 20.50 and October
to 90. "A, or to ) points net higher. The
further advance in bar silver was consld-
cred encouraging feature IN IT'S bearing
upon Manchester trade, and there was also
bullish comment on the increased business
reported in the southern spot markets yes
terday and in Liverpool today. ~
The advance carried July up to 206Sc and
October to 20.69c during the middlng OF
the morning. or about y to % points net
higher, while May was relatively firm, sell
ing at 21.45c, or % points above yeSter-
days close. There wSs realizing at these
figures, which became somewhat more &C
tive after publication of the western belt
forecast, and the market showed reaction OF
20 or % points from the best around MD
day. The weekly report of the weather
bureau was considered bulIish, but failed to
stimulate fresh buying, and trading was
quiet during the early noon hour
Reports that quarantine regulations had
been established against the pink bol-worm
In several southwestern counties, helped the
tone of the early afternoon market but
trading was quiet shortly after . O'Clock
with July ruling around 2052, and October
203S, or points net lower to points
higher.
NEW YORK COTTON
The following were the ruling prices In
Che exchange today:
Tone, steady; middling, 81. Coo, quiet.
Open. High. Low. Sale Close CIosI
Jan. 20. % 20. 81 9.94 "a 10 94 20. 20
Mch. 20. 90 20 80 10 10. 20 .... 20. 90
May .21 90 81. so 81. 02 81 So 81 81 81 20
July 20. 80 20. 6S POPS 90. 81 90. So 90. 40
oct. 20. p 20. 80 2O.17 20. 20 20. II 20. 40
Dec. 20. SO 20. sc 2O.Os 20 .Os 90. Os 20. "A
NEW ORLEANS COTTON
y NEW ORLEANS, May 17.-Liquidation
under the effect of lower Liverpool con-
tract prices than due caused a drop of
u to Is poitns around the opening of the
cotton market today but when July touch
ed 1885 a new demand of consequence
was met, based on private reports of much
rain in Texas and Oklahoma and on claims
OF continued good spot demand. At the
end of the first hour of business prices
were 4 to points higher than on the
close of yesterday with July up to 200S.
The advance continued until it amounted
to 10 to 10 points, carrying July up to
20.1Sc. The weekly crop reports from the
government we're hardly as unfavorabIe as
expected, especially in regard to the east
ern belt. and caused recessions to levels
10 to p points under yesterdays finals,
but at II O'Clock the decline amounted to
only to points, net, with July at 1890.
Il The market turned irregular, July being
strong, while the new crops were not we'll
supported. The strength of July was gener-
ally set down as being due to the fear
among shorts that spot houses which re-
Gently bought July in large way would
demand the cotton At 1890 O'Clock the
market was up to 10 down net, with July
b up at 20. 08c.
NEW ORLEANS COTTON
rTI.tn s,rfn
Che exchange today:
Tone, barely steady; middling, 10. SSc,
steady.
Last PREF
Open. High. Low. Sale. Close. Close
Jan. ...19. SO 80 10. 25 10 26 10 .25 10. 10
Mch. 10. As 1910 .O5 10. O5 Is. O5 10 80
May 10 "a 1000 10. "a 20. 90 10 90 Is. 90
July ...199 s 2O.1S 10. So 10 80 10 80 90. O3
Oct. ...19. 80 20. OF 10. 6s 10. 6S h9. 6S Il. 95