Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-05-15
observation-disclosures
COTTON

NEW YORK, May 13.-Circula7
ton of May notices unsettled the
cotton market in today's early trad
ing and after opening steady at an
advance of five to IS points prices
broke rather sharply. The notices
were estimated at only 5000 bales
but caused enough liquidaiton~ TO
send the price of May down TO
S0S2c or AZ points net lower ana
later deliveries showed net losses OF
10 to % points, October declining
to 24.66c.
The Nav contracts were soon alb
sorbed however and the market raj
lied Is to 20 points from the low
est before the end of the tirst hour
on firmer foreign exchanges ana
private report placing domestic con-
sumption for April at 407, 900 bales
compared with $4,000 for March.
Trading quieted down later ana
Nav contracts held fairly steady
around the 81 cent level, or within p
points of Yesterdays closing. Later
deliveries were relatively firm on
buving which appeared to come part
at midday ruling around 24.S5, or 5
noints net higher. A private report
was published estimating the in
crease in acreage at five per cent,
with 67 per cent of the crop planted
against sc last year, but only "a per
cent above ground compared with
3S per cent a year ago.
The outlook for cold and unsettled
weather with possible showers IN
the southwest later led to a. little
more buying of crop and the mar
ket held generally steady. May RAJ.
lied to Bio; or within Y points OF
Yesterdays closing quotations. New
crop months were about to IA
points net higher, October selling
1T 2491 around o'clock.
NEW YORK COTTON
Tbe foowin. were the ruling prices In
the exchange today: -.
Tone, steady; middling, @3l.o9c; quiet
Last Rrer
Omen. High Low. Sale. Close. Close
Nav ..31 40 81 40 so. so 3l.l' "l'l 'l'--
JuIy rs. 30 IS 90 IS. - 2S.7S 2s7 2s.''2
oct. ...24. Sc 81. 10 "a. &c 24.92 "a % "a"
s Dec. % "a 81 a 10 81. 80 "a 80 "a 70
Jan. ..23 90 "a OF %. so 23.97 23 80 23.S'
NEW YORK. May 1s.-1O;45 a. M bids
steady; May, 3O.9l JulII, 20" o. 9S 81
ATS; December, 2420 January, Dol
NEW ORLEANS COTTON
NEW ORLEANS, May 13.-The
cotton market had a steady opening
despite d rather irregular Liverpool
Nav traded 10 points higher a 5000
and first sales in other months
showed gains of one to four points.
July and October gained to ~
points additional during the opening
call. the former trading at 28.42 ana
the latter at 24.19. The, market was
supported by continued colo and un-
settled weather and the tight posi-
lion of near months. Prices cased Off
few points in the cary tracing
awaiting the weather map, but the
tone was generally steady.
The market fluctuated within
narrow range during most OF the
morning. During the second houf
prices eased off, July trading down
10 2S17 and October to 24.0O or IL
to 25 points down from the early
high and 13 to 25 points under the
previous close. The easier tone was
based on fair weather in the belt.
Later in the morning prices rallied
On liberal exports, an ofhclal lore
asst for showers and colder in the
western belt and bullsh British
board of trade exports of cotton
yarns and cloths during April. July
rallied to 2S.45 and October 2420 or
three points. above the early high
and z to 13 points above the pre-
vious close.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling 30.S0c steady.
last Prev
Open. High. Low Sale Close. Close
May 80. % 80. % so. 80 SO. so 80. rs so. rs
July FPS. SO 2S. 40 %. II 2S. 46 IS. AZ 2S. 81
Oct. ...24.17 % "a. 90 81 rs II. II a Ii
Dec. ...23 90 "a. 90 % II %. 50 %. 50 % So
Jan. !. Pa 50 % 80 % 50 % SO % 50 % IS
II a. m. bids quiet May, 30.7J; July,
oS.45; October, 24.17; December, 1881
ianuray, $3.50.
CpnT COTTON