Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-06-22
COTTON

NEW YORK, June 21.-Prospects for
clearing weather in the south and relatively
easy cables were followed by a good deal
of scattering liquidation in the cotton mar
ket during today's early trading. The open
inc was "A to 81 points net lower and DC
tober contracts sold off to 3465c shortly
after the call, or 81 points below saturday
Chasing while later months lost 65 to so
points Of last weeks advance. The easier
cables were attributed to better weather
news from the south and nervousness over the
Turkish situation, and houses with L1Verpooi
connections were sellers here on the arly
decline. The bulk Of the pressure, however,
was supposed to be liquidation.
Liverpool was big seller on repo a;aoo OF
+inustion Of business in the far east ana
weakness Of mill shares. Wall street. the
south and southwest sold on better weather
in the belt -.
After the early break Of about IS to so
noints, selling was checked by expecta tons
that detailed weather reports would show
heavy rains over the weekend. The east
arm belt forecast was for fair weather, now
ever. while the official weather map failed
to show as much rain as some had expected
and rallies of 10 or Is points were followed
ty renewed weakness around midday win
October selling off to S4.6 go, or % points
The market was weakened after the publ
cation of detailed weather reports when
showed less rain than expected. New Or
leans was a prominent seller here, Whlle
theer was renewed local pressure on the de-
elm. which carried October off to 34.3oc, or
90 points net lower.
NEW YORK COTTON
The following were the ruling prices IN
Me exchange today:
Tone, steady; mtddling, 80. 75c, quiet.
Open. High Low Sale Close. elise.
Jan. >. 50 .o5 SO. os 80. SO 80. 40 s2.4o 50 46
Mar. 81. 55 80. IS 81. 30 81 "a zee. 80. So
July =, g.. 3s 81. SO SO. 10 1870 1857 S7.6S
Oct. >. 81. 90 So. OF "a. OF 81 .21 3D. 20 IS %
Dec. :. 1878 So. 50 80 OF SO .os los s4.05
NEW ORLEANS COTTON
NEW ORLEANS, June 21.-Clearing
weather after the rains in the belt put the
price Of cotton sharply lower today. prices
slumping 40 to IS points in the flrst nour
Of business. The distant months were weaK-
A. than the near, January showing the widest
decline and dropping to 81. soc. jury ZEN
off to 81 SOC. Cables were lower than due
which increased the disposition OF local trad
ers to sell. =
The official forecast Of dry weather for
all sections Of the belt, and fair weather
for most sections, gave the market an easier
tone and late in the, morning the decline
Was widened to SO to 72 points. July touch-
ed Bis and october 1885. Very little sup
port came from any direction.
After the middle of the day a great deai
Of liquidation came from the long side, ana
rumor had it that Liverpool was a large
seller on this side of the water, the reason
being unfavorable conditions in the Man
chester cloth and yarn market. Some selnhg
made its appearance the unfaVorabie turns
in foreign politics, but the bulk OF the sell
ing unquestionably had its foundation IN tne
favorable weather over the belt. reward
the colse prices were 1O3 to 115 points unoer
the close of Saturday, July standing ut
"a. 75c and October at 5000.
NEW ORLEANS COTTON
The following were the ruling prizes in the
exchange today:
Open High. Low. Sale. Close Close
Jan. >. 80. 10 SO. 10 80. So 32.42 52.3s 80 AZ
Mar, :. 80. go 80. so 81 IS 81 31.s7 $3.50
May =. .... 80. oI'V' o@'oo
July 81. IS 81. IS rs 1878 1915 1870
Oct. :. 1870 "a. 80 80 81 34.o1 400 $500
Dec. >. IS. so SO. SO 80. 90 80. 80 200 .93
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 21.--Spot cotton
quotations, 25 points lower. Sales on the
spot, All bales; to arrive $50. Low middling,
81 .5Oc; middling, 40.40c; good middllng,
445Oc. Receipts, 1895: stock, 325,13O.