Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-05-20
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COTTON

COTTON
NEW YORK, May 19.-The cotton
market was very quiet in today ;
early trading with prices lower un-
der further commission house liquid
alton and local and southern selling
which was attributed chiefly to the
better weather reports from the
south.
The opening was steady at de
cline of six to ia points. Active
months sold about Is to 16 points
net lower in the early trading, May
declining to 30.63 and October to
24.S1
Liverpool cables were relatively
easy, private advices reporting a
quiet market and a poor spot de-
nland there.
The early decline was checked by
a renewal of covering by old crop
shorts and continued bullish spot adj
vices from the southwest. Prices
later rallied to 30.97 for May and
25.09 for October. making net adj
vances of to 10 points but general
business remained quiet and the
market was a few points off from
the best around midday. Traders
appeared to be waiting for better
line on end May condition figures.
Trading was very quiet during
midafternoon, but prices were steday
on further covering by July shorts
an da little buying inspired by pros
poets for cooler weather in parts OF
the south. July sold at 2S.S5 and
October 1928, the market ruling ~
to 81 points net higher around :
o'clock.
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Zone. steady; mdding, 81. Coo, quiet.
Last Pre-"
Open. High. Low. Sale. Close. Close
Nav 80. 20 81 so so .63 80. 80 81 80 3O.i9
July rs. 3S 80 90 $50 30 90 2S,9s 2S.'l
oct. Pr So - SO 81 1886 25.@o 4'9l
Dec. IA IS 24 80 n. 16 "A. 40 24.G7 81 -
Jan. >. % o. II. 81 % IS n. So 24.3o 21.9s
1895 a. M. bids. steady; May, 5000: July,
IS. 60; October, 25.02; January, A.o''
New Orlean Cotton
NEW ORLEANS, May 19.-The
cotton market had very tame open
ing with traders disposed to await
the vote on the bonus veto In the
senate. although it is generally be,
ljeyed that the bill will be passed
over the veto. First trades showed
losses of six to nine points from oac De
fridays close and prices eased OH
further until July traded at 2S.l3
and October at 24.04 or 13 to II
points net lower. Private reports
claimed generally good weather over
Sunday and Liverpool was about as
due at the start of the American
markets.
Although the market ruled rather
quiet throughout the morning. prices
gradually improved on moderate |
buying due to unfavorable crop re-
ports from the eastern belt owing |
to recent cool weather. An ottlclal
forecast for unsettled weather and
colder in Oklahoma and North Texas |
and increasing cloudinesS In the rest
of the western portion OF the pell
was also a sustaining influence. july
traded up to 2S.5S and October TO |
2440 or SO to As points up from the |
earlv low and 23 to &c points above |
the previous close. Advancing ten
dency held in check by fear OIL SEN
ate vote on bonus. Il
Trading was rather narrow around
noon ana III Inc curly dllGln OoI w,
prices were sustained and even ad- |
vanced slightly on reports from
Washington to the effect that there
was some confidence that the sem |
ate would sustain the presidents
veto Of the bonus bill. July traded
up 20 % 81 and October to 24.43, or
three to four points above the earlier |
high and % to 80 points above the
previous close. 1t was reported that
120 caroads Of cotton were on the
way here for delivery on May. Ger
tificated stock now 5,671 bales, 1907 |
bales having been certificated Satur-
day.
NEW ORLEANS COTTON
The following were the ruling prices In |
the exchange today:
Tone, steady; middling, S095c, steady.
last Prev. |
Open. High. Low Sale Close. Close. |
May 80. 80 80. 90 30.73 80 .95 50 95 so. SO |
-, no q Go ~