Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-05-16
n!NmQyMarktR
COTTON

NEW YORK, May 15.-Cotton opened firm
at an advance of "a to 81 points on reports
of renewed showers in the southwest, higher
Liverpool cables, favorable Manchester trade
advices, steady foreign exchange rates, and
reports of foreign trade buying. There was
considerable profit-taking and probably some
local selling which held the advance in check
at the start. but as soon as it was absorbed,
July sold up to 9.s3 and October to 10. ST.
or about 80 to 80 points net higher on the
general list, with new crop months making
new high records. There were numerous
wires reporting rain or showers IN IeXas'
which led to reiterated predictions of low
end-May condition figures.
Buying on the unfavorable weather news
was stimulated by the reports OF better
trade demand and kilograms from the south-
west. reporting very stir basls; ana stat,
Tor export Trading here became little
less active late in the forenoon. but prices
showed continued strength. with all months
this side of January selling above the ~
cent level May advanced to 20.53c and DC
tober to 0.10c, or 90 to SO points above last
weeks closing quotations. The officlat iore-
casts were for unsettled or cloudy weather:
with showers in most sections, ana some OF
the private map readers are predicting sew
era1 days of unsettled weather.
Bullish weather and spot advices continued
to reach here from the S0uCn, WIFI Ihe edtl
afternoon market becoming even more active
and excited. May sold up to 2O.9Oc ana
October to 20.40c, making net advances OF
81 to LOG points on the general nst. buSt-
ness tapered off somewhat at those prices,
hut the market held within or points Of
the best around O'Clock.
NEW YORK COTTON
The following were the ru:irs prices r
th" exchange today:
Tone, steady; middlng? p. 25c, quiet.
Open High Low. sale Close ',los,
Jan. - 1865 20. % 10. 6s 1923 90 20 10. AZ
Mar. :. 10. 6S 20. IS 19.6S 2O.19 20. 10 49, Al
May :. 20. O5 20. 95 900 2O.95 9O.95 1884
July :. 1915 20. 40 1857 20.40 20.37 1914
Oct. :. 1915 O.4O 1911 2O.3s 20.3s 1881
Dec. :. 1915 &c. AZ 1915 2O.3s 2o.S7 1851
NEW ORLEANS COTTON
NEW ORLEANS, May 15.-Private reports
OF yery heavy rains in Texas and Oklahoma,
combined with a better Liverpool imam uue
and sales of 90 900 bales on the spot tRere'
mt the price of cotton strongly higher on
the onening today and in the first hour OF
the Session the trading months gained % 10
55 points. July traded up to 1900 ana De-
cember to so.
Complaints of crop damage in the western
belt resulting from excessive rains, ana We
norts from the spot demand indicating i
wide demand both here and at interior
points, aroused general buying on whlcn, IA
sent to levels ~ to II points higher t mar
the finals of last week. July rose to 1916
NEW ORLEANS COTTON
The following were the ruling prices In
the exchange today:
Omen. High. Low Sale. Close. Close
IAN 10. 90 l9, rs 10. 20 1910 10 $3.50
Mar. :. 10 81 10. GO 1881 1888 1898 1881
NAV 1912 10. IA 1903 1914 1912 1919
July 10. 80 10 .05 10. 80 1898 9.sS 1901
Oct. :. 1910 9.95 1929 1871 1888 19.oO
Dec. 49, SO 10. 95 1926 1888 1913 1871
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 15.-Spot COTTON
steady 81 higher sales SO on tGe spo'
middling, 1880; good middling' 2o.oo; re-
ceipts, 2,493; stock, 220, 1O4.
e. SPOT COTTON MARKET
Atlanta, steady, 1890
New Orleans, steady, 195oc.
New York, quiet, 21.25c
Philadelphia, steady: 21.50c.
Norfolk, steady, 1&c5c.
Savannah, steady, 19.13c.
st. Louis, steady, 49, Zoe.
Little Rock, steady, 1920.
Houston, steady, $4,000.
Dallas, steady, .4Oc.
Wilmington, nominal
Galveston, steady, zoe.
Montgomery, steady, l9c.
Mobile, steady. 19c.
Memphis, steady, 1850.
Augusta, steady, 19.5Oc.
ATLANTA SPOT COTTON
Atlanta spot cotton ..............'. 'l9'Ioc
Receipts ........'.'''.'.''' '''''''' e -6o
Shipments .....'...' ''''''''''''''' m 90 1oc
Stocks .............. .'''''''.'''' 'oV' 'oo
LIVERPOOL COTTON