Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-07-08
COTTON

NEW YORK, July TINE COTTON naEkel
opened steady at an advance of II to %
points on further covering promoted by the
closing strength of yesterday, and reports
that boil weevil were becoming more nu-
merous as a result of the showery weather
in the Mississippi valley, July notices esti-
mated at about 1900 bales were reported
In circulation but after easing off from
399s to $3.50, July soon stiffened up to
1890 and the firm ruling of the spot
month helped the steadiness of the later
deliveries. October sold at SO. so and De-
cember 80 IS, or about 20 points net high
er. Liverpool reported quiet market with
some buying on yesterdays advance here,
indicated heavy rains last night in the Mem
phis section. According to these advices the
crop had plenty of moisture and the wet
weather was promoting the spread OF in
seets.
The forenoon advance extended ii SO. IS
for October and 1882 for December, or
about IS to 45 points above yesterdays
final quotations and 100 to 11S points above
the low level Of yesterday morning. There
seemed to be some July for sale as the price
approached the Accent level, however, and
the demand for new crop position tapered
off toward midday with prices showing re-
actions of several points shortly after the
publication of the weekly weather report
The midday decline carried prices back to
about last nights closing with otober con
fairly steady during the early afternoon.
NEW YORK COTTON
The following were the ruling prices IN
the exchange today:
Tone, steady; middling' 41e' quiet. Drew
Open. High. Low. Sole. Close. Close.
|Jan. ...31. 65 81. 80 81. 90 81. 81. 10 81. 40
|Nch. ...30. 90 31.27 80. 40 O.51 30.51 80. 81
[May 80. 80 80. so %. 50 29. 97 90. 80 80. 25
bully ...39. 81 80. 9s 1910 SO 81 80. 81 SO. 20
Oct. ..3s. go SO. IS 50. O5 SO. 2s 1921 33.4e
Dec. ...S2. % 2.52 81 so 31.77 31.75 32.os
NEW ORLEANS COTTON
4 NEW ORLEANS, July T.-The continued
Iehowery weather in the belt, breeding fear
5of extensive insect damage, put the price
Iof cotton higher on the opening today and
during the first hour Of trading the active
months were sent 90 to IS points over the
Zclosing quotations of yesterday, July touch
Eing $3.50 and October 3S.43. July was not
Especially active and much of the trading
twas eentered in October.
Late in the session real weakness devel-
oped and heavy selling came from traders
who appeared to have digested the weekH
+ crop reports and found them bearish. Much
was made Of the official claim that Doll
weevil damage has been slight. Reports
1 that many eastern cotton mills were cur
failing production and that some southern
s banks were trying to loosen up loans against
&c0CtOn were aQQ1I1O1al SellluS Influences OL
Importance. Toward the close October was
trading at 2.75 and the list was 80 to 43
points under the final prices Of yesterday.
The tone held steady for while, and
prices were % to IS points up at their best,
but after the reading of the weekly crop re-
ports, which proved more favorable than ex-
pected, the market commenced to sag. Grad
ually all of the early gains were lost and re-
placed by a net decline. which, late in the
morning, amounted to to points. July
dropped TO 81 3Jc and October to 33.05c.
NEW ORLEANS COTTON
The following were the ruling prices In the
Exchange today:
Tone, steady; middling 80 SOC, steady.
Last. Prev
Open. High. Low. Sole. Close. Close.
Jan. ...31. SO 81. 6S 80. 95 81. 02 81 .02 81 35
dch. 80. rs 81. 90 80. 10 sc. 80 5000 80. 60
May ...30.19 80 % 294s0 %. so 20. so 80. 0s
July ...a7 40 81 So 37.12 37.12 37.10 81 40
bet ...3s. 80 80 .4e Its 200 so SO 10
bee. 30. O6 "a 81 AS 31.5s 31.57 81 sS
NEW ORLEANS SPOT COTTON
NEW ORLEANS, July 7.-Spot cotton
steady and unchanged Sales on the spot,
Bo 90; middling, 80. so; good middling,
k3 so; receipts, ss7; Stock, 26s,7
SPOT COTTON MARKET
Atlanta, steady, 44c.
New York, quiet, Ale.
New Orleans, steady, 39.50c.
Philadelphia, steady, 41.25c.
Montgomery, steady, 40c.
Norfolk. steady. 40.50c.
Savannah, steady, 41.50c.
q st. Louis, steady, 40c.
q Houston, steady, 39c.
Memphis. steady 40c.
Augusta, steady. Ale.
Little Rock, steady, 40c.
Dallas, steady, Doc.
Mobile, steady, 39.25c.
Charleston. steady, 40.50c.
WiIgington, steady, 39.50c.
Boston, steady, 3975c.
Galveston, steady, 3s.75c.
ATLANTA SPOT COTTON
atlanta spot cotton 44c
&iecelpts -. 80 Fdo
PHlpHenlS 80 80
Ptocks 80 go '''A"'o0"
AMERICAN COTTON
AND GRAIN EXCHANGE
COTTON QUOTATIONS
The following were the opening, highest,