Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-05-13
COTTON

NEW YORK, May 12.-The cotton mar
ket opened at decline of to II points
under renewed realizing and local selling
promoted by more favorable weather
map than anticipated. The offerings were
comparatively light, however, and prices
soon rallied on favorable trade advices, both
from, Manchester and the domestic goods
markets, and reports of more active spot
demand in the SOUTH July contracts sold
np from 1912 to 1885 and October from
1917 to 1850 shortly after the call; or
about 1 to points above yesterdays close.
There was a little scattered southern sell
ing but considerable trade demand was
reported, while there was also buying Tor
commission house and New Orleans account.
Private wires reported rains at two or three
Texas points but the early outlook APP
reared to be for clearing weather in the
south except for cloudy conditions in east
Texas and Arkansas. ~
FOR October on the early bulge, the market
eased off again owing to expectations OF
bearish domestic consumption, fgures lor
April and the western belt forecast for gem
orally fair weather. which better than
expected by local map readers. July SOLD
down to 10 Sc and October to 19. 40, or about
18 to 20 points below yesterdays closing:
Continued reports of an increased spot
demand and prospects for bullish weekend
figures were followed by covering move
ment early in the afternoon which sent DC
tober up to 1912. 16 points net higher
There was renewed realizing ia this figure
however. and the advance was not 1ullF
sustained with active months ruling ABOUT
to s points net higher shortly after
o'clock.
NEW YORK COTTON
The following were the ruling ps1ces II
Tho exchange today:
Tone, stealy; middling, 20 .15c' quiet.
Omen High. Low. Sale Close clos:
jan :. 10 So 10. 63 19.3 3 10 .43 10. 43 10. 43
Mar. 10. so 10. 50 81 1915 1913 10. 40
May .. 10. IS 1000 1910 10. 81 1887 1890
July :. 10. AZ 1912 1896 10 81 $50 10. "a
Oct. :. 19.4s 1912 1885 1854 1851 1886
Dec. ;. 9.47 1915 40 9.53 1888 10. sc
NEW ORLEANS COTTON
NEW ORLEANS May 12.-Liquda ton of
the long interest and much better weMher
over the belt put the price of cotton lower
by IL to 81 points in the first hour OF the
session today. The market was steamed
Mt the decline by private messages TO local
brokers estimating sales OF print cloths IN
Fall River this week at 100000 pieces ana
by Manchester cables reporting a large
business in cloths in that market. The
spot sales in the Liverpool marfet of 10000
bales, for the third day IN succession, also
caused much comment.
Liquidation continued until the trading
months were 30 to "A points under the
close of yesterday with July off to $3.50.
The whole character of the market was
changed by the large mill takings for the
week, 2OS, 900 bales, against 13S,OOO TINS
week last year, and in the trading up TO
II O'Clock prices were put ID to IA points
higher than yesterdays finals, July bullying
to 1892.
Realizing started again on the long side
and at 1890 O'Clock prices were Is TO 20
points off from the highest as the result
OF the selling.
NEW ORLEANS COTTON
The following were the raiins prices IN
the exchange today:
Tone, steady; middling, 1S.SSc, steady.