Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1918-07-09
Cotton

NEW YORk July S-There was a renewal
of the covering movement at the opening of the
cotton market today Wall street brokers who
had been buying at the close of last week were
buyers again, and dfteE starting steady at an
advance of : TO IL points active months sold
about - to - points net higher with October
touching % % and December 24.S9. This ad-
vance met increased offerings, however, with
selling promoted by bearish private crop adj
vices and the market eased off in conse-
quence. October broke to 24.s6 and December
to 2i25, making net losses OF to IL points.
Selling general the decline, including
houses with New Orleans and other southern
Reports that an early new crop movement
was to be expected from south Geargla as wen
as south Texas probably served to stimulate
selling later in the morning. October contracts
broke to 2lCO and December to 24.23, making
declines Of some GS to 90 points from the early
high level and of 81 to 80 points from Satur-
day closing. Trading became less active at
these prices and there were rallies Of 10 to IL
points around midday.
The decline extended to 2453 for October and
2f.19 for December during :he noon hour, or
about 10 TO A pointsn ct lower, but at this
level there seemed to be some trade buying
aS well covering reports that the drouth
Increased in the southwest. October
rallied to 2473. and Decmeber TO 24.36, with
the market steady around O'Clock.
NEW YORK COTTON
Tne following the ruling prices in the
exchange today:
Tone, steady; middling, 81 roc, quiet.
Open. High Low Sale Close. Close.
Jan. ..... 24.54 "A. 75 "a OS "A % %. IS "a. so
Feb. .. go. 80. 49,. .... "a 81 "a. 46
Mar. .... pa 10 - 40 "A .O5 "a 81 "A 81 "a. 46
May ..... 24.5O "A. 80 "A. 50 "a. so "a. % ASP
July .. 27.92 %. 95 %. 40 q. II IN 81 80
Aug w w 49,. 80. .... 81 II ~ 81
Sept. 49, .... 80. go. .... -. 81 %. 20
Oct w 24.95 25. % "a. 50 "a. rs "a. rs "a 81
Nov. $50. ~ 80. 49,. "a so "A. 70
Dec. ..... 2467 "a. 50 "A 10 "a. Al "a. 40 "a. 81
NEW ORLEANS COTTON
NV
weather over the belt caused rise of 20 to %
points in the first half hour of trading in the
cotton market today. Buyers found few con-
Heavy selling developed at the advance biased
on favorable construction placed on crop &C
counts by local newspaper and rumors of a
slightly easier spot situation. In the trading
up to noon prices were sent 80 to 43 points
under Saturdays finals.
NEW ORLEANS COTTON
The following were the ruling prices in the
Tone, steady; middling. zoe, steady.
Open. High. Low. Sale. Close. Close.
Jan. ... % 81 %. IS % so %. ~ % so % sc
March . %. 10 IS. rs % so %. AZ % 90 % Ga
July ..... 49,. 800. 800. % .2S SO
Aug. ..... 800. 800. 800. 900. Is 80 % so
October. "A O5 a. % % Sc %. rs %. "a "a 90
Dec. .. % So %. 90 23 IS % "a %. 81 %. 20
SPOT COTTON MARKET
Atlanta. steady, 81 SOC.
New York, quiet, 81 Toe.
New Orleans, steady, 30c.
Augusta steady, 20. 75c.
Memphis. steady, 3Cc.
Charleston, steady, soc.
Montgomery, steady soc.
Boston, steady, 81 .6Uc.
Philadelphia, steady, 81 .95c
Norfolk, steady, 3O.50c.
Galveston, steady, 31.25c
Mobile, steady, Soc.
Little Rock, steady 20. soc.
Dallas, steady, 81 05c.
Savannah, steady, 31.25c.
st. Louis steady. SOC.
Houston, steady, 30.SOc.
ATLANTA SPOT COTTON
Atlanta spot cotton .....................3 81 SOC
safes None
Receipts ,.-.'...'....... ...'....'..'.. %
shipments 10
ATLANTA CoTIoNSEED FhoDuCTS MAAkE-