Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-07-22
q COTTON

NEW YORK July 21.-The cotton market
had a steady opening in response to further
heavy raings in the south over Sunday and
firm cables, but slowly developed sensa-
tional break, which smasred prices from rs
to Ill points under the highest opening lev
els and from 50 TO % points below the clos
ing prices of Saturday. This violent break
resulted from selling precipitated by bear
ish statement of an Ennglish economist re
ported 10 have been made on the exchange
situa ton. Later the market recovered about
80 points, but toward the end of the first
hour was still very much unsettled with
large trade. The break sent October off to
"a. rs and December and January to $500.
All through the noon hour the market,
while more or less irregular, was quieter.
Weakness In the stock market and liquida-
ton of all street accounts checked bull OPP
erations and late midday prices were about
g. points under Saturdays close, with
October selling at 35.l5. Weevil complaints
were plentiful, especially from Georgia.
A renewal Of Wall street selling occurred
in the early afternoon and some prices made
new low levels for the day, January declin-
ing to "a. so and the entire list showing -
to 95 points decline under Saturdays close
0stober sold at 81. OF and December at 25.lS
Support was mainly from trade interests
hedging against large sales Of goods for wiz
ter and spring delivery.
NEW YQGK CGTTCN
lhe following We're the ruling u - ia2
Tone, barely steady; 1nddling. 81 CSC
quiet.
0prn. ttsr, Tow. &ais. ,.ltst t..0a:.
Jan. =. 80. IS IS. 50 81. Sc 80. 80 81 IS 81. %
Mch. e. 80. 60 80. SO "a. 70 "a. 81 81 SO 35. 43
May ..... .,.., .... IA $3.50
July =. So. 80 So so 81. 92 1910 81. 81 $3.50
Oct. . .85 So 80 "a. rs 34.91 "a 80 35. 10
Dec. :. IS. 81 81 IS "a. s3 So 90 81. 60 So &c
NEW ORLEANS COTTON
NEW ORLEANS, July 21.--Firsr prices in
cotton today were II to % points higher q. on
ing almost Immediately appeared and caused
sharp reaction of 40 to 80 points which
landed the trading months p to Is points IN
der the close Of Saturday. Much Of the sell
ing was based on a somewhat improved
weather forecast for the western belt al
though some Of it WAS due to the continue
ton Of the marine strike.
Unfavora6le reports to foreign exchange
markets and a bearish view of the Mex
lean situation increased the selling pressure.
In the trading up to noon prices went IL
a net decline of So to 70 points.
Easiness in the spot markets of the in
terror increased offerings of contracts. At
l o'clock the trading months were at net
declines Of 81 to so points.
NEW ORLEANS COTTON
Tho tCiilAIlu9 were tae rull2g PrIG,.. In the
"<'a;G;.r T:,,isc:
Tone, steady; middling, "a SOC, steady.
Last IreV.
UNcu. EiI@h. tow sale. \ lose. tuSt.
Jan. . So. 80 50. so "a. So s.. 30 "a. 66 81. 81
Mar. 90, 80. 50 So OS "a. 7S "a. 90 81 60 So %
May -. 80. .... go. 80. "a. so 80. 10
July g. 1915 "a "a "a. 80 "a. 81 "a. 40 "a. 65
Oct. . 81. 40 So. 40 "a. 4s "a so "a. 40 81. IS
Dec. :. So. 40 So As 34.48 34.5 "a. SO 80 %
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July 21.-Spot cotton
steady. and unchanged; sales on the spot
Z n TOTU mid LING
1925; middling, 1880; good middling, $3.50.
Receipts 1921; stock $50, 49S.