Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-06-24
COTTON

NEW YORK, June 23.--There was anoth-
er sharp advance at the opening Of the
cotton market today, first prices being so
to 81 points higher with all the new crop
deliveries making new high records. July
was held back by the proximity of the
first notice day, but osld at 1915 or so
points net higher while October sold at
81. 81 ami next March at 3252, so to 81
points above Saturdays closing figures. I'm
favorable crop advices, including more nu-
merous complaints of boil weevil and the
bullish view of peace prospects were con-
siGered responsible for the advance which
met heavy realizing and was followed by
reactions of 80 or 40 points
Houses with Wall street and western
connections were particularly heavy sellers
for profits and the reaction from the open
ing advance carried prices back to nearly
Saturdays closing with October selling at
320t and December at 32.OT. Business
then became less active and the market
was fairly steady around midday on cover
ing and moderate demand from trade
sources.
The market showed continued nervous
ness during the early afternoon but con-
fdence in the ultimate signing of the
seace treaty and bullish crop advices were
sustaining factors and prices were steadier
around . O'Clock at 32.40 for October or 81
polHtS ACb hlSASA'
NEW YORK CUrIuN
Inc following were the ruling prices On the
exchange today;
Tone steady; middling $500; quiet
Last Prev
Open. High Low. Sale. close Close
FAN e. 80 go 80 10 81 SO 50 % 80. % 81 30
Mar. 81 80 80 SO Bits 81. O5 30 .O5 51.70
May -. ..... $50. $50. $50. 40 $3.50.
July ...32. So 81 95 81 % 81 So 80 so 81. -
Oct ...32 so 80. 20 81. o5 80 A. 50 50 81. %
Dec. .32. IS 50 10 II so -. 50 50 SO 80 90
i NEW ORLEANS COTTON
NEW ORLEANS, June 23.-G ermany's
decision to sign the peace treaty caused a
rise of 40 to s. points in the price of cot
ton today. October touched 80. %, new
high level in the first half hour of trading
The Lancashire spinning strike was con-
sidered highly unfavorable and offset 10
some Sxtent the bullish effect Of the peace
news.
Very heavy liquidation from the long side
appeared and it forced a reaction from
the advance. At noon July was 10 points
under the closin glevel Of last week and
the new crop months were II to 10 points
over.
The showery weather over the belt had
stedying effect and at l O'Clock prices
were a net advance of 90 to IS points.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone steady; middIing 32.75c; steady.
Last Prev.
Open. High. Low. Sale. close. close.
Jan 81 .95 so OF 81. % 10 1.72 5000
Mar, .. 31 10 81 10 81 .02 81 50 81 80 30 so
May o.. 81 .65 81 G5 81 80 81 80 81 40 80. 40
July o.. 80. So SO 08 30 "A So 90 80 so 81 so
Oct 81 90 80 % 81 80 80 IL 80 .0S 81 40
Dec. =. 81 .95 SO O5 81. 80 80 OF 81 "a 81 20
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 23.--Spot cotton,
quiet and unchanged. Sales on tn espot,
1924 bales: to arrive, 79S; low middling,
$3.50: middling. 1910; good middlng, SO. 70.
Receipts 1928; stock. 422,663.
SPOT COTTON MARKET
Atlanta, steady, SO Coo.
New York, qupiet, 33 SOC.
New Orleans, steadyq, 80 75c.
Philadelphia, steady, 33. 75c.
Galveston, steady, 33c.
Montgomery, steady, S1,G0c.
Boston, steady, 332Jc.
Mobile, steady, 31.50c.
Savannah steady, 80. 15c.
st. Louis, steady, 32.25c.
Houston, steady, 3%25c.
Norfolk steady, 81 Coo.
Memphis steady, 32.50c.
Dallas, steady, 32.5Cc.
Augusta, steady, 32.12c.
Little rock, steady, 31.25c.
ATLANTA SPOT COTTON
Atlanta spot cotton .................. 80 60c
Sales ACKNOWLEDGEMENTS. I,oOO
hecelpts .......'..'.''..'... oil
Shipments NEUTRALITY-SUSPICIOUS.. 5t8