Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-05-09
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COTTON

I - - - ~
NEW YORK, May s.-The cotton market
showed renewed firmness today on reports
Of an improving trade demand, relatively
firm Liverpool cables. and continuance of
unsettled weather in the south. The open
ing was firm at advance Of IA to 30
points and within the first half hour active
months sold 20 to 40 points above Saturday s
closing, with July advancing to Ice and De-
cember to 1926. Further showers were re-
ported in the suoth, and the long range fore
cast was for further showers during the
week, which evidently made an unfavorable
impression in some circles, while buyers
were encouraged by the large spot sales at
Liverpool and the increased business re-
ported in leading southern spot markets
late last week. Liverpool sales reported
today were IA, 900 bales, or the largest days
business in some time, and private cables
reported a continued improvement in Man
chester business. .
Private reports of rains in the southwest
and the views of local map readers VINO
look for further showers or rains west OF
the river. stimulated tlG early buying
movemeI o. July sold up to 1910 and DC.
t0ber to 1890. making net advances OF
~ 10 Oh points on lle HlOIe uCtAhS pooA-
lions and taking the new crop months
back to about the best prices of last week.
The advance was checked at these leVels
by realizing but considerable selling was
absorbed on reactions or ~ OF II points I
and prices held steady around midday. The
official forecast was for unsettled weather
with showers in the southwest.
Detailed weather reports confirming the
private reports of rains in Texas and Okla
homa were followed by active general buy
ing early in the afternoon. July advanced
1927 and October 1916. making new high
ground for the movement and net ad-
vances of 45 to So points in the general
list. Prices were within 2 or 3 points OF
their best around o'clock,
NEW YORK COTTON
The following were the ruIlhS prices ID
Tone, steady; middling, 90 15c, quiet.
Omen. High low. Sale Close tHos'
Jan. E. IS. 9S 10. 45 1897 1914 10. AZ 1910
Mar. =. 19.O1 1854 sec 1880 80. 1872
May =. 10. so is. 50 AS 1888 9.ss 10. 80
July =. 1880 1914 1878 9.43 10. 43 1898
Oct. =. 100 1877 1896 1886 1888 IS. S3
Dec. =. 10 OF 10. 63 .O7 10. 63 10. go 1854
NEW ORLEANS COTTON
NEW ORLEANS, May S.-More rain In
the western belt and signs of more actlvltE
In the spot department caused rise OF hal
cent pound in the cotton market in the
early trading today The sales of $4,000
bales on the spot in the Liverpool market
caused favorable comment. In the flrst
hour of the session the list gained gu TO ID
points July rising to 1870.
Small reactions as the result of realizing
on the long side, followed the first bul ge
but they did not last long as the market
strengthened again because OF scores OF
reports of heavy rains in Oklahoma and
Texas. In the trading up to IL o'clock the
list went to gains of Sc to 81 points over
last weeks close, July touching 1880.
With no let-up in complaints OF excessive
rainfall mt many points in Texas and Okla
homa with many sections getting what
were termed cloudbursts in private tele-
grams the market went to new high levels
October 1903 in the trading up to 12:30
O'Clock At these levels the list showed
gains of 80 to 10 points
NEW ORLEANS COTTON
The following were the ruling prices IL
Tone. steady; midAing, 10 Soc steady.
Omen. High Low. Sale. Close. Close
Jan. :. 1914 1903 1912 1903 LOB 1S.22
Mar. E. 1915 1S.pS s.41 1895 1895 1870
May =. IS As is. SIS 1s.43 1884 49,. so 1915
July 1874 19, 05 1928 1901 9.Q1 1923
Oct 1888 1s)11 Is. 50 1907 10 OF 1920
Dec. 1880 19. 10 1s.47 TO-. 10 10. 90 1925
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May Spot cotton,
steady, 3s higher. Sales on the spot 40
bales; to arrive, $40. Low middling' 17.25;
middling, 1850; good middling, 1880. Re-
ceipts, 9,03G. Stock, 233,06l.
SPOT COTTON MARKET
Atlanta. steady, 1890.
New Orleans, steady. 1850.
New York. quiet 20.15c.
Philadelphia, steady, 20.40c
Norfolk, steady, 1870.
Savannah, steady, 1870.
81 Louis steady, 11.75c. s..
Little Rock, steady, 1850.
Houston, steady, 1850.
Dallas steady, 18.40c.
= Wilmington. nominal .-
. Galveston, steady, 1890.
Montgomery, steady 1Sc.
Mobile. steady, 1Sc.
Memphis, steady, 1900. .,
Augusta, steady, 1890.
ATLANTA SPOT COTTON
Atlanta spot cotton .............' So.I9c
Receipts ...'..''. '.'''' o.
Shipments ..'...''.''' '''''''''''' On 81 81
LIVERPOOL COTTON
Tone firm; sales, $4,000; good middling,
11.42d.
Open. Close. Close.