Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-06-15
COTTON

NEW YORK, June 14.-The cotton mar
ket was influenced by the continued ia
vorable weather in the south during today's
early trading and after opening steady. me-
points higher to 10 points lower, sold of
to IS. 40 for July, or 8 points below the
closing Of Saturday, while new crop posi-
october touching So A. Houses with Liv.
erpool connections were sellers at the open
ing, and there was considerable local press
ure after the call. Trade interests were
moderate buyers, however, and there were
rails Of several points on scattered cover
ing.
The morning rally of some or 10 points
met increased offerings of the publication
market made new low ground for the day
later. October sold off to 1888 and Janu-
airy to 1851, or about % to % points net
lower New Orleans was a seller of March
here on the difference, the market there
being relatively easy while there was further
scattering liquidation and local selling of
nearer old crop months against purchases
of the more remote deliveries
The market was easier during the early
afternoon owing to the continued favora-
BILE weat Their news and the easier duling of
the stock market. Stop orders were uncoF-
cred on the decline which carried July con-
tracts off to 3S.1S, and October to 81. %,
or % to 80 points net lower.
NEW YORK COTTON
The following were the ruling prices In
Tone, barely steady; middling, SOC,
quiet.
Open. High. Low. Sale. Close. CiGse
Jan :. SO. 80 80. so SO OF SO. 0s 1907 80 80
Mar. :. 80. IS SO. 3s g. 81 32.52 .... SO. 40
May =. f.... 49,. $3.50
July :. IS. As SO. "a 1898 $500 $500 IS. 43
Oct. :. So. 90 81. 90 "a. 81 34.sS "a. 81 So .63
Dec. :. $3.50 34.54 1871 sS.77 1917 54.53
NEW ORLEANS COTTON
NEW ORLEANS, June 14.-Although the
July position was 4 points higher on the
first call in cotton today, other months were
under selling encouraged by expectations of
a favorable weather map. After the map
was posted, however, selling became less
general, although weather conditions were
favorable over the greater part of the belt
At the end of the first hour of trading prices
were 16 to 90 points under Saturdays close,
July dropping off to $3.50, and October to
So. 90.
Additional selling came on the market
following the posting of the forecast calling
for dry weather in all sections of the belt.
Late in the morning prices were 16 to "a
points under the finals Of Saturday.
Weakness in the stock market seemed to
be the reason for increased selling during
the second half. of the session. Heaviest
pressure came toward the close when the
trading months were forced to net declines
of 46 os4 points, July touching 3s.O0c
and October 34.76c.
NEW ORLEANS COTTON
The following were the ruling pri. es in the
exchange today:
Tone, steady; middling, Ale, steady.
last FREE
Open. High. Low. Sale. Close. Clcse.
an :. SO 80 80 so 80. Oh SO OF SO. Obs 80
Mar. :. 81. 80 SO 80 80. 4S 2.43 AZ SO 81
July j.. 3s. so IS. so SO. 90 3s.o5 800 SO. 40
Oct >. 35. so 35 so 34.71 34.71 II IS. so
Dec :. "a. 80 "a. 10 49, so SO .63 SO. so "a. so
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 14.-Spot cotton,
steady and unchanged. Sales the spot,
SIS; to arrive, %. Low middling, $1,000;
middling, 41.00c; good middling, 45.G0c;
receipts, 1,433; stock, 331, 697.