Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-07-18
COTTON

NEW YORK, July 17.-The cotton market
was feverish and unsettled during today
early trading. First prices were points points
higher OH May, but generally to 20 points
lower, and active months sold 20 TO %
points under last nights closing figures
shortly after the call. There was further
selling ON the easier cables and continued
weakness of foreign exchange, but there
was some uneasiness over reports of heavy
rains in the Carolinas, and the market raj
lied several points after selling at 33.9lc
for October and 33.75c fol January.
reports that the trade was buying against
forward needs helped to steady the market
later in the morning and covering became
more active after the publication of the
detailed weather reports showing more rain
than expected in the eastern belt. October
sold up to 34.6oc and January to o4.3oc
around midday, or % to 80 points net
higher.
The market turned easier again early in
the aftcrnoo non reports of threatened labor
actions of Is 20 points from the best.
NEW YORK COTTON
The following were the ruling prices on the
exchange today.
Tone, steady; middling, $500. quiet:
Open. HIGH. tow. Sale. close Close
Jan. e. SO 95 "a. 45 SO 10 "a. 80 "a. % "a. 10
Mch. E. 49,. 10 1928 SO. SO 81. 10 4.05 SO 80
May ..... ..... ..... ..... 80 SO $500.
July =. "a. OS "a. 50 34.Os 1856 "a. so "a. At
Oct. E. 1920 34.6s 80. 90 1855 a. "a. 80
Dec. =. "a. 90 "a. "a 33. sS "a. 50 "a. 80 81. %
NEW ORLEANS COTTON
NEW ORLEANS, July. LITTLE foreign
exchange situation, the growing seriousness
of the marine strike and poor cables put
the close of yesterday around the opening
today, but good support met the market on
the way down and quick recovery resulted
At the cid OF the first hour of trading
oh 10 inf
compared with the finals of yesterday. The
low barometer over the Gulf of Mexico
caused most of the buying.
In the face of fresh declines in foreign
exchange rates, the market steadied for
net advance. In the trading up to non
prices went rs to 80 points over the close Of
yesterday.
Less support was offered in the early
a net advance of to IS points.
NEW ORLEANS COTTON
lie following were tile ruling prices IN The
exchange to-day:
Tone, steady; middling, 80. 75c; steady
open. Hlgn. Low. Sale. Close LIosc
jan ..33 80 "a. 05 80. 30 81. O5 80. 81 80. 65
Mar. ..33. 8 39 .9S SO 20 SO. 9S 80. so 81. so
May ..|i.... zee. -. -. SO. go 81. 80
July ...33. IS "a 20 SO. u "a 20 "a. 20 "a. 12
Oct, ..33. 55 "a 80 33 IA "a. II 81 Oh SO 50
Dec. ...33. % "a. 10 SO % SO .96 SO o3 81. 65
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July 17.-Spot cotton
steady, so points off; sales on the spot
,S14 bales; to arrive none. Low middling
$3.50; middling, 1915; good middling, 34.75
Receipts 5,610; stock 356992.
SPOT COTTON MARKET
Atlanta, steady, 35.10c.
New York, quiet, 35.3Oc
New Orleans, steady, 33.75c.
Philadelphia, steady, 3355c.
Galveston, steady, 81 soc.
Montgomery, steady. $500.
Boston, steady, 36.1Oc.
Mobile, steady, 335Oc.
Savannah steady. 33.50c.
ST. Louis, steady, 33.5Oc.
Houston, steady, 34c.
Norfolk, steady, 33c.
Memphis. steady, SO. 75c
Dallas, steady, 1880.
Augusta. steady, 1880.
Little Rock, 80. 75c
Charleston, steady, 3375c.