Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-07-22
COTTON

NEW YORK. July 21.-Offerings were
larger in the cotton market at the opening
today, especially from New Orleans and the
south with Liverpool the principal buyer.
With the exception of June, which was :
points higher, the general market opened
to Is points lower, and subsequently October
dropped to 1850, December to 80 Ssc and
January to 32.15c representing declines OF
Al to 43 points from last nights close,
Later rallies of about 20 points from the
bottom were based on local covering ana
further persistent buying for Liverpool
account especially of October contracts.
The midday market, regarding the weekly
government report as bearish, developed
further positive weakness and sold down
to 34.43 for October and 1896 for Decem-
Der, or 63 to IS points net lower. The July
ings and a scattered demand from shorts,
advanced to 1915, which was new high
record.
The early afternoon market was very
quiet, but prices ruled fairly STEADY, al
about 20 points up from the bottom on
little covering by traders who sold on
the bearish weekly weather report. De
cember was up around 1888 ana January
32.16.
NEW YORK COTTON
Tone, steady; middling, 4sc, quiet
Last. Prev
Open. High. Low. Sale. Close Close
Jan. .32. so 80. 80 81 so S2.1e 80 Is 32.5e
Mch. 81. IS 81. 20 81 10 20 81 90 81. "a
May 80. 81 80. 90 3O.4s sO.54 80. 40 3o.s5
July ...42 IS AZ. 90 AZ. Is ~. so $50 AZ so
Oct. ...s5. 90 IS .O5 "a. 4s "a. Sc s4.65 35.0S
Dec. 1915 SO. rs 81. 65 1921 1921 1880
NEW ORLEANS COTTON
NEW ORLEANS, July 21.-The opening
%o1nr Qr6
first hour of business prices fell 80 to A
points October landing at 34c. A lower
Liverpool than due, expectations OF bearlsh
weekly crop reports, somewhat weakened
technical position as the result OF the pro-
longed buying movement of late, and the
short tire movement among tali kiver
mills were the main reasons for the decline.
The market retained steady tone as II
fell.
While it was considered that the weekly
reports on the growing crop had their I'M
favorable spots they were regarded as IA
vorable, on the whole, and as indicating
continued crop improvement. offerings IN
creased after their reading and late IN the
morning the list was IS to IL points off
from yesterdays close, October standing
at 1870.
a considerable number of contracts and
fresh buying came into the market because
of reports of heavy rains IN someportlons
of the eastern belt. A sharp recovery OF
90 to 80 points from the bottom occurred
Toward the close prices were at net losses
Of As to 50 points.
NEW ORLEANS COTTON
The following were the ruling prices in the
exchange today:
Tone, steady; middling, Acc steady.
Open. High. Low Sale. Close. Close.
Jan. ...321s 81. IS rs 81. SO 81 SO 80. 40
Mch. 81. so 81. so 80. 95 81 20 81 20 81 ga
May 80 40 sc. 40 80. % 80. % 80 40 80. 81
July ...S735 80 300 81. 10 38.9s 1927
Oct. "a Is "a 80 3s. 10 80. 93 80 81 "a Al
Dec. ...32.75 81. 81 80 80 80 As 80 AS 80. 80
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July '21.-Spot cotton,
steady. quotations revised middling, 70
points up: sales on the spot. 1879 bales; to
arrive, none. Low middling, 29.I5c; mid
ding, 4Oc: good middling, 44c. Receipts,
4,e4T; stock, $50, 33S.
LIVERPOOL COTTON
Tone. barely steady; sales, 1000; good
mddling, 800.