Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-07-29
COTTON

NEW YORK, July 2s.-While the weather
over Sunday was fairly favorable and the
map this morning showed satisfactory con-
ditions in the cotton belt, a number Of pri-
vate reports. noted excessive rains in Ala
bama and Mississippi SO that the cotton mar
ket, after opening steady with January 8
points higher and others 1 to points lower,
turned stronger and made sharp advances.
October contracts sold up to 34.94 and De-
cember to 35 .0S, or a net rise of to II
points. There was moderate buying by New
Orleans and Liverpool and q little commits
sion house support based on the stcadier ca
bles and further activities in the cloth mar
ket a the end of the week.
For some tim epast Texas has been per
sistent seller in the market here, giving
color to reports about a promising crop out
look in that state. With local liquda ton
influenced by the heaviness in the stock mar
ket this pressure around midday weakened
October to "a. 90 and December to "a. IS, re-
porting a net decline of % to 80 points or
SO to 80 points down from the highest of
the morning.
A local operator sold October during the
second hour, causing general reaction in all
positions. Prices were off II to 90 points.
II is believed he put out short lines on pri-
vate reports of favorable weather and fore
cast of continued good conditions. When
prices got down to 10, options were r"-
sorbed quickly by the trade.
Local liqupidation coupled with heavy sell
inf by brokers with apanese connections and
further favorable crop advces from the
southwest led to renewed weakness in the
early afternoon. October declining as low as
81 S5 or 4S points under the previous close,
followed by 2O-point rally on covering.
NEW YORK ooTToh
Inc Following were the ruling prices on the
change today
Tone steady; middling, So.15c, steady.
List feV.
open l!lgE. Low Sale. !uSo, close.
Jan. ...34 % 50 OF "a. Is "a 60 34.71 "a. B5
Mich. .35. 90 81. 06 81. so 81. 70 81. II S5 90
May 81 IS 81 .95 81. So 34.7O "a .6s "a .95
Oct ...34. so So 90 81. So 81. 81 "a .e3 "a. So
Dec. 1900 30. 1s "a. 50 "a SO "a 81 So. O2
NEW ORLEANS COTTON
NEW ORLEANS, July 2S.-Early prices
in cotton today were irregular and with
out decided trading. Around the first cal
the trading months were 10 to % points
off. little later they were : points
above to 3 points below the close of last
week. The partial recovery due to the
light rains scattered the belt while the
initial selling appeared to be in the way OF
liquida tion from the long side.
Early sellers went to reaizng and the
market took on steadier feeling. One
O'Clock prices were at net declines of Al to
10 points.
Growing expectations of bearish monthly
cotton figures caused a selling wave under
which prices broke for moderately wide de-
cIines Toward noon the trading months
were 81 to 60 points under Saturdays final
prices.
NEW ORLEANS COTTON
Ihe fGtirWln. were thr ruling rrlH"s IN ths
''..hnn"r t",lH'
Tone steady: m4ddIing. sac, steady.
last Prev.
t,neu ti1.u Low Sal. , luSr lose
an =. 81 20 "a. 73 "a. is 81. 80 "a. 80 81. rs
| Mar . 81 81 34.76 81. 90 81 ii "a 80 "a SO
May 49,. 49,. go. ~ 81. 80 81 SO
Oct =. 81 so also $500 81. IL "a. 10 81. 81
Dec. e.. $40 81 10 "a. 10 81 20 SAL 81 65
NEW ORLEANS SPOT COTTON
l. NEW ORLEANS, July 2S.-Spot cotton
| quiet, 50 points off. Sales On the spot
| 2SS bales: to arrive. none.
| Low middlng, 2S:75; middyns, IA 0c; good
middling 80 90; receipts, 1928; stock, SG7,'
| GS1,
cpOT CNTT0N HAnErT