Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-06-26
COTTON

NEW YORK, June 25.-The cotton mar
ket showed a tendency to rally after yes
tsrday's severe break. The opening was
irregular at a decline of 10 points on
81 but generally to 10 points higher.
July notices representing about 6,O00 bales
were reported in circula ton and there was
another private report indicating big i'm
provement in crop prospects as it estimated
the condition at 1913 and the increase in
acreage at one per cent. July quickly rallied
from $3.50 to $3.50, however, or Is points
net higher, on covering and trade buying,
+. while October sold up to 1915, or 20 points
above last nights closing figures. Except
for covering there Was very little demand,
however, and the tone vas uncertain.
The break extended to 3270 for October
during the early afternoon, or 30 to DO points
net lower on new crop positions, making
new low ground for the movement. Rallies
of is or 20 points followed on covering but
were not fully maintained with the mid
afternoon market unsettled. 7
Trade interests bought July and that po-
sition DEVELOPED increased strength during
the morning, selling up to $500 or % points
net higher. There was selling OF October
against some of the July buying; but cover
ing was promoted by the firmness of the
near position and new crop months sold 20
to % points net higher with October touch
ing S,46 Offerings increased at this level
and the price reacted to 5000 around mid
day owing to the continued favorable wealth
er reports. Business was fairly active dur
ing the first hour but later tapered off,
months.
NEW YORK COTTON
The following were the ruling prices In
Tone, steady; middling, $3.50; quiet.
Last Prev
Open. High. low Sale Close. Close
Ian, =, 81. IS 81 To 80 80 .2S % 81 so
Mar. :. 81. 0S 81. so 80. SO '30.75 30.75 81. 90
May :. 80. IS so. e5 80 90 5000 % $50
July :. So. so 1870 35 so sc. 05 36.05 35 .65
Oct. :. IS. 81 AT 80. 10 s3 OF 80. 9s SO. rs
Dec. :. 205 80. 80 81. 81 81 80 81 80 80 .O5
NEW ORLEANS COTTON
NEW ORLEANS, June 25.-The circula-
tion of July notices caused sharp
the price of cotton on the opening today
but when it was found that only small
quantity of cotton was being rendered and
that the notices were being quickly stopped,
the market did better. In the early. trad
ing notices for only. 700 bales were issued.
The initial decline carried prices to IA
POINTS down and the reaction put them %
to 81 points over yesterdays close. July
sold down to $500 and then advanced to
Sc 05. =.
The advance continued until 1t amounted
to 20 to SO points and Jnly was trading at
&C. 10. Heavy liquidation came on the mar
ket, together with some little short selling
and break resulted which carried the mar
ket 81 to 40 points under the close of yes
terday, July sinking to $780, and October
to 81 SO. The report from Houston that
expected there today or tomorrow was re-
sponsible for some Of the selling.
Late in the day shorts took profits and
then buying Of covers made a steadier mar
ket, the more active months standing toward
the close at losses Of IL to II points.
NEW ORLEANS COTTON
The following were the ruling prizes in the
exchange today:
Tone, steady; middling, S9.75c; quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
Jan. :. 81 % 81 .e6 81 90 81 % 81. 10 81 .35
Mar. >. 81. O5 81 10 80. so 80 ga 80. "a 80. ss
May .. . 49,. 49,. 800. ..... 30.13
July :. IS. 90 SO. 10 IS so 35. 80 IS. s5 35.74
Oct. :. 80 IS 1927 32.55 a2.77 s2.75 32.57
Dec. =. 81. IS 80 10 81 81 81 so 81. 81 81 30
NEW ORLEANS SPOT COTTON
NEW ORLEANS, June 25.-Spot cotton,
quiet, 25 points down; sales on the spot, Al;
mil