Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-06-17
COTTON

NEW YORK, June 16.-The cotton mar
ket was irregular at the opening today.
Gables were better than due and there was
some uncertainty regarding weather condi-
lions in the eastern belt where the high
tempera lures of yesterday were followed by
showers or electrical storms. On the other
hand improving crop reports were received
from Texas while it was anticipated tina
the weekly report of the weather bureau
would make very favorable showing, and
the opening was points higher July
but unchanged to points lower on later
months. Liverpool was a buyer and there
was a renewal of yesterdays covering
which sent the active months about II to
20 points higher after the call with July
selling at 3S.12 and October at 1915
The demand from shorts became less active
later in the morning and prices sagged off
toward midday in anticipation of a favor
able weekly weather report. This proved
even better than looked for and prices broke
below last nights closing figures during
the noon hour with July selling off to 37.S5
and October to S4.S5 to 10 points net
lower and about 81 to 80 points from the
high level of the morning.
Trading was quiet during the middle Of
the afternoon, and fluctuations narrow, with
prices showing rallies of a few points on
covering. October sold at 34.S0c on the
midday break and later ruled around 3492c,
compared with $4,000 at the close yesterday,
NEW YORK COTTON
The following were the ruling prices In
the exchange today:
Tone, steady; middling, 80. 25c, quiet
Open. High Low. sale Close ClSse.
Jan. =. So 90 80 % 80. IS 81. IS 80. SO So O5
Mch. 80. 80 81. so 81 .O5 80. 10 80. O5 80. So
May $50. 49,. ..... 49,. 5l.oo .-...
July =. 1916 SIP 81. go 81. 37.6O 1895
Oct. :. 1870 35.1s "a. 5S "a. SO 34.5s "a. 80
Dec. E. $3.50 4.O3 80 % 3.25 .25 33.7s
NEW ORLEANS COTTON
NEW ORLEANS, June 16.-Around the
opening Today the cotton market lost to ~
points, but it soon took on firmer tone on
continued adverse comment regarding the
effect of high temperatures on the crop and
at the end OF the first hour of7buSiness 1t
stood II to - points over the close of yes
terday. July sold down to 1885 and then re-
acted to 3S.U2
The weekly crop reports from the govern
ment were considered more favorable than
expected and by some traders were set down
as the most favorable thus far this season
but they led to only moderate selling. Late
in the morning the trading months were I
points down to points up compared with
the final prices of yesterday.
Late in the session the market broke
sharply under expectations of another favor
able map tomorrow morning and comment
to the effect that, while the June condi-
May figures, the revrs was likly this year.
The decline carried prices 80 to 40 points
under yesterdays close, July touching
81 .60c.
NEW ORLEANS COTTON
The following were the ruling prl es In the
exchange today:
Tone, tseady; middling, 40.75c, steady.
LAST res
Open. High. Low. sale. Ulose. Close.
IAN :. SO .O5 SO % 80. 60 80. go 81. go 33. 10
Mch. 80. 43 81. 81 .Os 50 .Os 80 .OS 80. 30 |
May So. 81. 80 |
July :. S7.S5 3s.02 1870 81. So 81. 60 81 80 |
Oct. :. 34.70 81. 80 "a. 40 "a Al "a. 40 34.74 |
Dec. SO. 81 SO. Sc SO % SO 26 SO % SO. "a
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 16.-Spot cotton !
steady and unchanged. Sales on the spot |
3d.; to arrive none. Low middling, 31.75;
middling, 1910; good middling, 44.75. Re- |
ceipts 2,7S7; stock 1913, 3d..
SPOT COTTON MARKET
Atlanta, steady, 42.IOc.
New York, quiet, 39.25c.
New Orleans, steady, 40.I5c.
Philadelphia, steady, 59.50c.
Galveston, steady, 40c.
Montgomery. steady, 1.5oc.
Norfolk. steady, 40.50c.
Savannah, steady, 42c.
st. Louis, steady, Ale.
Houston, steady, soc.
Memphis, steady, Ale.
Augusta, steady, ~. SOC.
Little Rock, steady, 40.50c
Dallas, steady, lose.
Mobile, steady, 40.50c.
Charleston, steady, 40.5Oc.
Wilmington, steady, 40c.
Boston, steady, 80. soc.
ATLANTA SPOT COTTON
Atlanta spot cotton Ioc |
Receipts -. ..... ................ 297 |
shipments oto |
Stocks .1S,9O2 |
LIVERPOOL COTTON
Tone stendv: sales 900: good middling. |